Economy

October 08, 2019 - 3:08 pm
GENEVA (AP) — The United States is less competitive than it was a year ago and the global economy remains hobbled by low productivity despite a decade of cheap money from central banks, the World Economic Forum said Wednesday. In its latest assessment of the factors behind productivity and long-...
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October 08, 2019 - 12:40 pm
FLAGSTAFF, Ariz. (AP) — The Little Colorado River cuts across the northeast corner of Arizona, emptying its waters into the much-larger Colorado River after a more than 330-mile journey. Few people wander in the remote region where it crosses the Navajo Nation, aside from river rafters traveling...
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FILE - In this Sept. 18, 2019, file photo Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee in Washington. On Tuesday, Oct. 8, Powell is scheduled to speak about the Fed’s interest rate policy in Denver at the annual meeting of the National Association for Business Economics. (AP Photo/Patrick Semansky, File)
October 08, 2019 - 12:03 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that U.S. job growth since early last year was not as robust as thought, a hint that the Fed may be ready to keep cutting interest rates to support the economy. Downward revisions to the government's hiring data, announced in...
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Employees inspect the voting material at the Central Election Commission counting center in Kosovo capital Pristina on Tuesday, Oct. 8, 2019. More than 100 EU election observers monitored Kosovo's Sunday snap vote when opposition parties won to overcome the former independence fighters who have governed the country since its war 20 years ago, considering them as "well-administered and transparent. (AP Photo/Visar Kryeziu)
October 08, 2019 - 9:25 am
PRISTINA, Kosovo (AP) — A left-wing party leader poised to become Kosovo's next prime minister said Tuesday he isn't in any rush to restart formal talks intended to normalize relations with Serbia and won't lift the previous government's 100% tariff on Serb imports. In a general election held...
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FILE - In this Oct. 2, 2019, file photo specialist John Alatzas works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Oct. 8. (AP Photo/Richard Drew, File)
October 08, 2019 - 7:13 am
NEW YORK (AP) — Increased tensions ahead of U.S.-China trade negotiations knocked down stocks on Wall Street in early trading Tuesday and stretched the market's losses deeper into a fourth week. The U.S. blacklisted a group of Chinese companies after claiming that their technology plays a role in...
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A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Oct. 8, 2019. (AP Photo/Eugene Hoshiko)
October 08, 2019 - 1:54 am
TOKYO (AP) — Shares slipped in Europe on Tuesday after broad gains in Asia ahead of trade talks between the U.S. and China. France's CAC 40 slipped 0.5% to 5,496.11 in early trading, while Germany's DAX fell 0.5% to 12,039.25. Britain's FTSE 100 was little changed but edged less than 0.1% higher to...
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FILE - In this May 10, 2019, file photo, China's Vice Premier Liu He, left is greeted by U.S. Treasury Secretary Steve Mnuchin, second from right, and U.S. Trade Representative Robert Lighthizer, third right, as he arrives at the Office of the United States Trade Representative in Washington. China's Ministry of Commerce said Tuesday that Liu is going to Washington on Thursday for talks aimed at ending the tariff war. (AP Photo/Andrew Harnik, File)
October 08, 2019 - 1:15 am
BEIJING (AP) — China's chief trade envoy is going to Washington on Thursday for talks aimed at ending a tariff war. Vice Premier Liu He will lead a delegation that includes China's commerce minister and central bank governor and industry, technology and agriculture regulators, the Ministry of...
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FILE - In this June 17, 2019, file photo, a man walks alone on normally busy road near the Legislative Council after protesters continue to protest against the extradition bill in Hong Kong. Hong Kong’s embattled leader Carrie Lam said Tuesday that the city’s economy is being battered by months of increasingly violent protests. (AP Photo/Vincent Yu, File)
October 08, 2019 - 12:36 am
HONG KONG (AP) — Hong Kong's economy is taking a beating from months of increasingly violent protests, the city's embattled leader Carrie Lam said Tuesday. Lam, addressing reporters after a long weekend of more turmoil, said tourism arrivals were down by half and that hotels and retailers were...
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FILE - In this Dec. 5, 2018, file photo, two layers of barbed wire fencing ring the "Hotan City apparel employment training base" where Hetian Taida Apparel Co. has a factory in Hotan in western China's Xinjiang region. The Trump Administration is blocking shipments from Chinese company Hetian Taida Apparel, which makes baby pajamas sold at Costco warehouses, after the foreign manufacturer was accused of forcing ethnic minorities locked in an internment camp to sew clothes against their will. (AP Photo/Ng Han Guan, File)
October 07, 2019 - 10:52 pm
The Trump Administration is blocking shipments from a Chinese company making baby pajamas sold at Costco warehouses, after the foreign manufacturer was accused of forcing ethnic minorities locked in an internment camp to sew clothes against their will. The government is also blocking rubber gloves...
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October 07, 2019 - 3:57 pm
WASHINGTON (AP) — The government ran a budget deficit of just under $1 trillion in the just-closed fiscal year, the Congressional Budget Office said Monday. The $984 billion deficit tally for 2019 came in more than $200 billion more than last year's, despite very low unemployment and continuing...
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