Economy

President Donald Trump speaks after a signing ceremony for a trade agreement with Japan in the Roosevelt Room of the White House, Monday, Oct. 7, 2019, in Washington. (AP Photo/Evan Vucci)
October 07, 2019 - 2:29 pm
WASHINGTON (AP) — The Latest on President Donald Trump and the House impeachment inquiry (all times local): 5:10 p.m. President Donald Trump says the impeachment inquiry is a "scam" that is driving his poll numbers higher, but admits it "makes it harder to do my job." Still, Trump asserts he is...
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President Donald Trump shakes hands with Japanese Ambassador to the United States Shinsuke Sugiyama, left, and U.S. Trade Representative Robert Lighthizer after they signed a trade agreement in the Roosevelt Room of the White House, Monday, Oct. 7, 2019, in Washington. (AP Photo/Evan Vucci)
October 07, 2019 - 2:15 pm
WASHINGTON (AP) — The United States and Japan signed a limited trade agreement Monday, a deal that would win back benefits American farmers lost when President Donald Trump pulled out of a broader Asia-Pacific pact his first week in office. U.S. farmers have been operating at a disadvantage in...
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Federal Reserve Chairman Jerome Powell speaks Monday, Oct. 7, 2019, in Salt Lake City, before the premiere of a film commemorating Marriner Eccles, who led the Fed from 1934 until 1948. Powell is stressing the importance of an independent central bank "absolutely free" from politics. Powell's comments Monday in Salt Lake City came after President Donald Trump has repeatedly pressured Powell to lower interest rates and said the United States is missing out on economic opportunities because of "boneheads" at the Federal Reserve. (AP Photo/Rick Bowmer)
October 07, 2019 - 1:34 pm
SALT LAKE CITY (AP) — Federal Reserve Chairman Jerome Powell on Monday stressed the importance of an independent central bank "absolutely free" from politics in the wake of increasing pressure from President Donald Trump urging the central bank to lower interest rates. Powell spoke to a crowd of...
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FILE - This Aug. 11, 2019, photo shows a Chase Bank Slate credit card in New Orleans. On Monday, Oct. 7, the Federal Reserve releases its August report on consumer borrowing. (AP Photo/Jenny Kane, File)
October 07, 2019 - 12:07 pm
WASHINGTON (AP) — Consumer borrowing increased at a solid pace in August, helped by the biggest jump in auto and student loans in three years. The Federal Reserve says total credit rose $17.9 billion after a $23 billion increase in July. The August strength came from a $19.8 billion increase in the...
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Specialists Mario Picone, left, and Anthony Rinaldi work on the floor of the New York Stock Exchange, Monday, Oct. 7, 2019. Stocks are opening broadly lower on Wall Street, extending the market's losing streak into a fourth week. (AP Photo/Richard Drew)
October 07, 2019 - 11:07 am
Stocks veered modestly higher on Wall Street Monday afternoon following a choppy day of trading that had the market on track to recoup some of its losses from last week. Communication services stocks, technology companies and banks drove much of the gains, offsetting losses in consumer product...
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Portuguese Prime Minister and Socialist Party leader Antonio Costa raises his fist while addressing supporters following the announcement of election results in Lisbon Sunday night, Oct. 6, 2019. Portugal's center-left Socialist Party got the most votes in Portugal's general election Sunday, leaving it poised to continue leading the government for another four years. (AP Photo/Armando Franca)
October 07, 2019 - 3:51 am
LISBON, Portugal (AP) — Portugal's Socialist Party had little time Monday to savor its general election victory, as tough negotiations for parliamentary support loomed and the economy braces for leaner times. The center-left Socialists won Sunday's general election with 36.6% of the vote and are...
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Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Oct. 7, 2019. Asian shares were mixed Monday, following a healthy report on U.S. jobs, while investors cautiously awaited the upcoming trade talks between the U.S. and China. (AP Photo/Ahn Young-joon)
October 06, 2019 - 11:52 pm
TOKYO (AP) — Asian shares were mixed Monday, following a reassuring report on U.S. jobs, while investors cautiously awaited the upcoming trade talks between the U.S. and China. Japan's benchmark Nikkei 225 shed 0.2% to finish at 21,375.25. Australia's S&P/ASX 200 rose 0.7% to 6,563.60, while...
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October 06, 2019 - 11:34 pm
BERLIN (AP) — German factory orders, an important indicator for Europe's biggest economy, dropped for the second consecutive month in August — led by lower demand from domestic customers. The Economy Ministry said Monday that orders were 0.6% lower compared with the previous month. That followed a...
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October 06, 2019 - 9:06 pm
WASHINGTON (AP) — The nation's business economists think President Donald Trump's trade war with China will contribute to a sharp slowdown in economic growth this year and next, raising concerns about a possible recession starting late next year. The latest survey by a panel of 51 forecasters with...
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FILE - In this Sept. 13, 2019, file photo specialist Anthony Rinaldi, left, and trader Patrick Casey work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Oct. 4. (AP Photo/Richard Drew, File)
October 06, 2019 - 7:51 pm
TOKYO (AP) — Asian shares were mixed Monday, following a healthy report on U.S. jobs, while investors cautiously awaited the upcoming trade talks between the U.S. and China. Japan's benchmark Nikkei 225 lost early gains to be down 0.2% in morning trading at 21,358.56. Australia's S&P/ASX 200...
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