Economy

White House counselor Kellyanne Conway talks with reporters at the White House in Washington, Monday, Aug. 19, 2019. Conway declares that the “fundamentals” of the U.S. economy are strong, citing benchmarks to support her contention. The job market does look solid, yet the factory and housing sectors are struggling and financial markets are sounding the alarm that growth is much shakier than the administration says. (AP Photo/Susan Walsh)
August 20, 2019 - 2:58 am
WASHINGTON (AP) — The "fundamentals" of the U.S. economy are solid, the White House asserted Monday, invoking an ill-fated political declaration of a decade ago amid mounting concern that a recession could imperil President Donald Trump's reelection. Exhibiting no such concern, senior adviser...
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A woman walks by an electronic stock board of a securities firm in Tokyo, Tuesday, Aug. 20, 2019. Asian shares were mostly higher Tuesday after Wall Street rallied on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. (AP Photo/Koji Sasahara)
August 20, 2019 - 2:57 am
TOKYO (AP) — Asian shares were mostly higher Tuesday after Wall Street rallied on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. That decision appeared to inspire a buying mood among investors eager for any signs of progress in the...
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FILE - In this April 10, 2019, photo JPMorgan Chase chairman and CEO Jamie Dimon testifies before the House Financial Services Committee during a hearing on Capitol Hill in Washington. A group of influential CEOs, which included Dimon, is changing its view on corporations, saying it’s no longer just about shareholders. The Business Roundtable said Monday, Aug. 19, that its new statement on “the purpose of a corporation” emphasizes that all stakeholders are important, which includes workers, suppliers, customers and the communities their businesses are in. (AP Photo/Patrick Semansky, File)
August 19, 2019 - 8:48 pm
The "shareholder comes first" has for years been the mantra of the Business Roundtable, a group that represents the most powerful CEOs in America and their thinking. The group's new principles on the role of a corporation released Monday imply a foundational shift, putting shareholders on more...
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FILE - In this Tuesday, Feb. 12, 2019 file photo, the sun sets over the city of Frankfurt with the buildings of the banking district. Germany, Europe's industrial powerhouse and biggest economy, with companies like Volkswagen, Siemens and BASF, may be entering a recession, according to a gloomy report from the country's central bank Monday, August 19, 2019. (AP Photo/Michael Probst, File)
August 19, 2019 - 3:20 pm
BERLIN (AP) — Germany, Europe's industrial powerhouse and biggest economy, with companies like Volkswagen, Siemens and BASF, may be entering a recession, according to a gloomy report from the country's central bank Monday — a development that could have repercussions for the rest of the eurozone...
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President Donald Trump speaks with reporters before boarding Air Force One at Morristown Municipal Airport in Morristown, N.J., Sunday, Aug. 18, 2019. (AP Photo/Patrick Semansky)
August 19, 2019 - 2:02 pm
WASHINGTON (AP) — A strong majority, 74%, of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump's economic policies that they expect a recession in the U.S. by the end of 2021. The economists surveyed by the National Association for Business...
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FILE - In this Aug. 1, 2019, file photo U.S. Commerce Secretary Wilbur Ross attends a meeting of the 17th Latin American Infrastructure Leadership Forum, in Brasilia, Brazil. The U.S. government gave chipmakers and technology companies a 90-day extension to sell products to technology giant Huawei. (AP Photo/Eraldo Peres, File)
August 19, 2019 - 12:49 pm
NEW YORK (AP) — Commerce Secretary Wilbur Ross said Monday that the United States will extend by 90 days a limited reprieve on U.S. technology sales to Huawei. The U.S. government blacklisted the Chinese technology giant in May, deeming it a national security risk and restricting sales of U.S...
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August 19, 2019 - 12:31 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 11:45 a.m. Stocks are moving solidly higher in midday trading on Wall Street led by gains in technology companies. Chipmakers and other tech stocks were doing well Monday after the U.S. gave Chinese telecom giant...
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August 19, 2019 - 12:24 pm
WASHINGTON (AP) — President Donald Trump is calling on the Federal Reserve to cut interest rates by at least a full percentage point "over a fairly short period of time," saying such a move would make the U.S. economy even better and would also "greatly and quickly" enhance the global economy. In...
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August 18, 2019 - 10:07 pm
TOKYO (AP) — Government data show Japan's exports fell for the eighth straight month in July as worries continued about President Donald Trump's trade policies denting Asian economic growth. The Ministry of Finance said Monday exports and imports fell in July, compared to the same month a year ago...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Aug. 19, 2019. Asian shares were higher Monday, as investors continue to rejigger their read on President Donald Trump's trade war and growing worries about slowing economies around the world.(AP Photo/Ahn Young-joon)
August 18, 2019 - 9:45 pm
TOKYO (AP) — Asian shares were higher Monday, as investors continue to rejigger their read on President Donald Trump's trade war and growing worries about slowing economies around the world. Japan's benchmark Nikkei 225 rose 0.6% in early trading to 20,532.95. Australia's S&P/ASX 200 gained 0.8...
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