Economic growth

October 01, 2018 - 11:23 am
NEW YORK (AP) — Although the economy is strong and consumers are optimistic, many small business owners are holding fast to their cautious approach to expansion. The government's latest estimate of second-quarter economic growth, released last week, showed that the gross domestic product grew at an...
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FILE- In this June, 19, 2018, file photo, an Ever Green Line refrigerated container is delivered to a ship to shore crane working the container ship Ever Linking at the Port of Savannah in Savannah, Ga. On Thursday, Sept. 27, the Commerce Department issues the final estimate of how the U.S. economy performed in the April-June quarter. (AP Photo/Stephen B. Morton, File)
September 27, 2018 - 2:10 pm
WASHINGTON (AP) — The U.S. economy grew at a robust annual rate of 4.2 percent in the second quarter, the best performance in nearly four years, though economists believe growth has slowed in the current quarter partly because of a drag from trade. The performance of the gross domestic product, the...
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FILE- In this July 17, 2018, file photo Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on "The Semiannual Monetary Policy Report to the Congress," at Capitol Hill in Washington. On Wednesday, Sept. 26, the Federal Reserve issues its latest policy statement and updates its interest-rate and economic projections before Powell holds a news conference. (AP Photo/Jose Luis Magana, FIle)
September 27, 2018 - 1:33 am
WASHINGTON (AP) — The Federal Reserve signaled its confidence Wednesday in the U.S. economy by raising a key interest rate for a third time this year, forecasting another rate hike before year's end and predicting that it will continue to tighten credit into 2020 to manage growth and inflation. The...
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FILE - In this Feb. 23, 2015 file photo, container ships wait to be unloaded at the Port of Los Angeles. China has raised tariffs on $60 billion of U.S. imports in an escalation of their trade battle following a deadline for President Donald Trump’s latest increase. (AP Photo/Nick Ut, File)
September 24, 2018 - 4:14 am
BEIJING (AP) — China imposed new tariff hikes on U.S. goods on Monday and accused Washington of bullying, giving no sign of compromise in an intensifying battle over technology that is weighing on global economic growth. The General Administration of Customs said it started collecting additional...
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FILE- In this June 5, 2018, file photo a roll of steel is moved into position at the Borusan Mannesmann Pipe manufacturing facility in Baytown, Texas. On Friday, Sept. 14, the Federal Reserve reports on U.S. industrial production for August. (AP Photo/David J. Phillip, File)
September 14, 2018 - 9:42 am
WASHINGTON (AP) — U.S. industrial production rose by a healthy 0.4 percent in August, boosted by gains in the production of autos, oil and natural gas. The Federal Reserve said Friday that industrial production, which includes output at factories, mines and utilities, has climbed 4.9 percent over...
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FILE- In this Wednesday, June 20, 2018, file photo, Jason Joshua waits on customers at Zak the Baker in Miami. Americans who quit to take new jobs are enjoying pay raises that are one-third larger than raises for workers who stay put, a gap that has reached the widest point since the Great Recession. At the same time, retail and restaurant workers are receiving more generous raises than manufacturing workers are. (AP Photo/Lynne Sladky, File)
September 07, 2018 - 6:36 am
WASHINGTON (AP) — U.S. employers likely hired at a healthy pace in August, emboldened by brisk consumer spending and an economy that keeps growing steadily. Economists have forecast that employers added 189,000 jobs in August and that the unemployment rate dipped from an already-low 3.9 percent to...
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September 06, 2018 - 5:08 am
BEIJING (AP) — China is ready to retaliate if U.S. President Donald Trump goes ahead with a tariff hike on Chinese goods and is confident it can maintain "steady and healthy" economic growth, a government spokesman said Thursday. The Trump administration is poised to impose 25 percent penalties...
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Mexican President Enrique Pena Nieto, seen on the screen, delivers his sixth and final State of the Nation address at the National Palace in Mexico City, Monday, Sept. 3, 2018. President-elect and longtime opposition leader Andres Manuel Lopez Obrador will take over the reigns of power on December 1. (AP Photo/Rebecca Blackwell)
September 03, 2018 - 4:47 pm
MEXICO CITY (AP) — In his final state of the union address Monday, outgoing President Enrique Pena Nieto blamed surging violent crime in Mexico on the inability of state and local police to handle the smaller gangs that emerged following the capture of cartel leaders. Pena Nieto, who leaves office...
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August 31, 2018 - 9:18 am
SAO PAULO (AP) — Brazil's economy eked out some growth in the second quarter of the year despite a crippling nationwide truckers' strike. The government's IBGE statistics agency said Friday that gross domestic product was up 0.2 percent in the April-June period compared to the previous three-month...
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President Donald Trump hold up hats that read "Make Our Farmers Great Again!" as he walks across the South Lawn before boarding Marine One at the White House in Washington, Thursday, Aug. 30, 2018, for a short trip to Andrews Air Force Base, Md., and then on to Evansville, Ind., for a rally. (AP Photo/Andrew Harnik)
August 30, 2018 - 6:49 pm
WASHINGTON (AP) — President Donald Trump said Thursday that he respects Federal Reserve Chairman Jerome Powell but isn't a fan of the Fed's recent rate hikes. Speaking about his decision to pick Powell to replace Janet Yellen earlier this year, Trump said, "I put a man in there who I like and...
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