Economy

October 01, 2019 - 9:54 am
WASHINGTON (AP) — The Trump administration is detaining clothing, gold, diamonds and other items believed to have been produced with forced labor by five companies based in Brazil, China, the Democratic Republic of Congo, Malaysia and Zimbabwe. An official at U.S. Customs and Border Protection,...
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October 01, 2019 - 7:20 am
NEW YORK (AP) — Charles Schwab is dropping commissions for online trading of U.S. stocks and exchange-traded funds, the latest slash in an industry battle that's drastically cut the cost of investing. Tuesday's announcement sent shares of other brokerages plummeting. TD Ameritrade lost 21% in...
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This July 1, 2019, photo shows a construction worker atop a new building in Hillsborough, N.C. On Tuesday, Oct. 1, the Commerce Department reports on U.S. construction spending in August. (AP Photo/Gerry Broome)
October 01, 2019 - 7:15 am
WASHINGTON (AP) — U.S. construction spending edged up a disappointing 0.1% in August as continued weakness in nonresidential construction offset the best gain in home building in nine months. The latest figure marked the fourth month of lackluster results, including declines in May and June and a...
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FILE - In this Sept. 18, 2019, file photo stock prices are displayed at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Oct. 1. (AP Photo/Mark Lennihan, File)
October 01, 2019 - 7:03 am
NEW YORK (AP) — U.S. stocks moved higher as investors continued shifting money into technology stocks and extended gains into the first day of the new quarter. Apple and Microsoft led the tech sector higher. Chipmakers, including Intel and Nvidia, also made broad gains. Tech stocks have been on the...
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People walk home in the dark due to power shortages in Harare, on Monday Sept. 30, 2019. Zimbabwean President Emmerson Mnangagwa is set to present a State of the Nation address Tuesday, at a time the southern African nation is reeling from its worst economic crisis in more than a decade. Zimbabweans are enduring shortages of everything from medicines, fuel, cash and water- bringing a weariness and disgust that has often flared into streets protests. (AP Photo/Tsvangirayi Mukwazhi)
October 01, 2019 - 5:49 am
HARARE, Zimbabwe (AP) — Zimbabwe's opposition lawmakers walked out of Parliament on Tuesday as President Emmerson Mnangagwa presented his state of the nation address, a sign of the political tensions still gripping the country. The opposition Movement for Democratic Change party said it does not...
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FILE - In this March 10, 2010, file photo, containers are seen at a port in Singapore. In a report released Wednesday, Sept. 25, 2019, the Asian Development Bank says that escalating trade tensions will sap Asian economies of some of their potential in this year and the next. (AP Photo/Wong Maye-E, File)
October 01, 2019 - 5:11 am
GENEVA (AP) — Global trade is forecast to weaken this year to the slowest pace since the depths of the Great Recession due to the U.S.-China trade war. The World Trade Organization said Tuesday it expects volumes of traded goods to rise 1.2% this year, far below the 2.6% estimate it issued in April...
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A motorway overhead matrix sign on the M3 motorway warms motorists about possible changes to EU freight papers, near Camberley, south-east England, Monday Sept. 30, 2019. Uncertainty persists over Britain's Brexit split from the European Union bloc, although Britain's Prime Minister Boris Johnson has vowed that Britain will leave on the scheduled date of Oct. 31, with or without a deal. (Steve Parsons/PA via AP)
October 01, 2019 - 4:38 am
MANCHESTER, England (AP) — British Prime Minister Boris Johnson confirmed Tuesday that Britain will make firm proposals for a new divorce deal with the European Union within days, saying "this is the moment when the rubber hits the road." Britain is due to leave the 28-nation bloc at the end of...
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Clouds pass over the European Central Bank building, center, in Frankfurt, Germany, early Saturday, Sept. 28, 2019. (AP Photo/Michael Probst)
October 01, 2019 - 2:20 am
BRUSSELS (AP) — Inflation in the 19-country eurozone eased in September, largely due to cheaper energy prices. Statistics agency Eurostat said Tuesday that the annual inflation rate eased to 0.9% in September from 1.0% in August. Low inflation can be a sign of economic weakness and has been a...
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A woman walks by an electronic stock board of a securities firm in Tokyo, Tuesday, Oct. 1, 2019. Shares rose in Asia on Tuesday, with markets in Hong Kong and Shanghai closed for a national day holiday. (AP Photo/Koji Sasahara)
October 01, 2019 - 1:45 am
BANGKOK (AP) — World markets were mostly higher on Tuesday, with European benchmarks flat as British Prime Minister Boris Johnson readied a fresh plan for leaving the European Union. The FTSE 100 was almost unchanged at 7,407.39, while the CAC 40 in Paris also was steady, at 5,676.01. Germany's DAX...
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In this March 26, 2017 file photo, Palestinian residents of Gaza strip pray as they wait on the Israeli side of the Erez terminal to cross to Gaza Strip. (AP Photo/Tsafrir Abayov, File)
September 30, 2019 - 11:06 pm
GAZA CITY, Gaza Strip (AP) — Israel is quietly allowing thousands of Palestinians to enter from the Gaza Strip to conduct business and work menial jobs, apparently as part of understandings with the ruling Hamas militant group aimed at preventing a fourth war in the blockaded territory. Israel...
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