Economic growth

December 11, 2018 - 7:20 am
BEIJING (AP) — A painful contraction in China's auto market deepened in November as sales fell for a fifth month amid an economic slowdown and consumer anxiety over a tariff fight with Washington. Sales of SUVs, sedans and minivans in the global industry's biggest market plunged 16 percent from a...
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FILE - In this March 29, 2018, file photo, a cargo truck drives amid stacked shipping containers at the Yangshan port in Shanghai. China's export growth sank in November, 2018, as global demand weakened, adding to pressure on Beijing ahead of trade talks with Washington. (AP Photo/File)
December 08, 2018 - 7:00 am
BEIJING (AP) — China's export growth sank in November as global demand weakened, adding to pressure on Beijing ahead of trade talks with Washington. Exports rose 5.4 percent over a year ago to $227.4 billion, a marked decline from the previous month's 12.6 percent increase, customs data showed...
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FILE- In this Nov. 20, 2018, file photo an American flag flies outside New York Stock Exchange. The stock market hasn’t been this dizzying in years, and investors may need to get used to it. The S&P 500 slid 4.6 percent this past week as worries piled up about the economy’s strength, global trade and interest rates. It was an abrupt turnaround from the prior week, when the S&P 500 jumped 4.8 percent. The last time investors experienced such a big swing in stock prices between two weeks was in late 2011. (AP Photo/Mary Altaffer, File)
December 07, 2018 - 6:27 pm
NEW YORK (AP) — The stock market hasn't been this dizzying in years, and investors may need to get used to it. The S&P 500 slid 4.6 percent this past week as worries piled up about the economy's strength, global trade and interest rates. It was a whiplash-inducing reversal from the prior week,...
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FILE- In this Dec. 3, 2018, file photo trader Michael Milano, right, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Dec. 7. (AP Photo/Richard Drew, File)
December 07, 2018 - 6:24 pm
Wall Street capped a turbulent week of trading Friday with the biggest weekly loss since March as traders fret over rising trade tensions between Washington and Beijing and signals of slower economic growth. The latest wave of selling erased more than 550 points from the Dow Jones Industrial...
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FILE - In this Jan. 30, 2018 file photo, a job applicant talks with company representatives at a JobNewsUSA job fair in Miami Lakes, Fla. Jobs report on Friday, Dec. 7, for November is expected to point to a solid economy for most Americans, with steady hiring, a low unemployment rate and faster wage gains. If so, it would provide a dose of welcome news after this week’s frantic financial market gyrations, which have been driven by concerns that the U.S.-China trade war could escalate and weaken a U.S. economy already facing higher interest rates and slowing global growth. (AP Photo/Lynne Sladky, File)
December 07, 2018 - 4:26 pm
WASHINGTON (AP) — U.S. job growth declined modestly in November, a move that could signal a slower but still steady pace of hiring and growth next year. The potential for a more anemic economy contributed to a sharp drop in the stock market Friday, sending the Dow Jones average down 560 points, or...
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FILE- This June 10, 2015, file photo shows a chip credit card in Philadelphia. On Friday, Dec. 7, the Federal Reserve releases its October report on consumer borrowing. (AP Photo/Matt Rourke, File)
December 07, 2018 - 3:38 pm
WASHINGTON (AP) — Americans boosted their borrowing by 7.73% in October from a year ago, the largest increase in nearly a year as consumer spending has helped fuel U.S. economic growth. The Federal Reserve said Friday that consumer borrowing rose by a seasonally adjusted $25.3 billion in October to...
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Italian Economy Minister Giovanni Tria attends a press conference in Rome, in Rome, Wednesday, Dec. 5, 2018. (AP Photo/Andrew Medichini)
December 07, 2018 - 3:34 pm
ROME (AP) — Italian lawmakers have given their first approval to the populist government's deficit-busting spending plan for 2019. The lower Chamber of Deputies on Friday night OK'd the proposal, put to a confidence vote to help close bickering ranks in Premier Giuseppe Conte's coalition. But the...
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FILE- In this Thursday, Nov. 29, 2018, file photo Federal Reserve Chairman Jerome Powell waits to address the Federal Reserve Board's 15th annual College Fed Challenge Finals in Washington. The Federal Reserve says that the U.S. economy was growing in the fall, but there were concerns about higher tariffs from a widening trade war, rising interest rates and tight labor markets. In its latest report on economic conditions around the country, the Fed says most of its 12 regions saw moderate growth through late November. Dallas and Philadelphia says growth had slowed while St. Louis and Kansas City depicted growth as slight. (AP Photo/Cliff Owen, File)
December 05, 2018 - 4:42 pm
WASHINGTON (AP) — The Federal Reserve said Wednesday that the U.S. economy was growing in the fall, but there were concerns about higher tariffs from a widening trade war, rising interest rates and tight labor markets. In its latest report on economic conditions around the country, the Fed said...
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A man stands next an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, Dec. 5, 2018. Shares were moderately lower in Asia on Wednesday following a bloodletting on Wall Street as goodwill generated by a truce between the U.S. and China over trade evaporated in confusion over exactly what the two sides had agreed upon.(AP Photo/Vincent Yu)
December 04, 2018 - 11:04 pm
BEIJING (AP) — Asian stocks sank Wednesday after Wall Street plunged amid confusion about what Washington and Beijing agreed to in a tariff cease-fire. KEEPING SCORE: Hong Kong's Hang Seng index fell 1.6 percent to 26,840.74 points and the Shanghai Composite Index lost 0.7 percent to 2,647.55...
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FILE- In this Nov. 28, 2018, file photo final inspector Mary Skinner inspects the rear end of a General Motors Chevrolet Cruze at Jamestown Industries in Youngstown, Ohio. On Monday, Dec. 3, the Institute for Supply Management, a trade group of purchasing managers, issues its index of manufacturing activity for November. (AP Photo/Tony Dejak, File)
December 03, 2018 - 10:55 am
WASHINGTON (AP) — U.S. manufacturers expanded at a faster pace in November as new orders surged, a positive sign for domestic economic growth heading into 2019. The Institute for Supply Management, an association of purchasing managers, said Monday its manufacturing index rose to 59.3 last month...
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