Economy

June 17, 2019 - 12:02 pm
NEW YORK (AP) — U.S. stocks edged higher in midday trading on Wall Street Monday following two weeks of gains. Trading remained choppy as uncertainty continued over several ongoing trade disputes and their possible effect on economic growth. Technology companies were among the early gainers...
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FILE - In this June 4, 2019, file photo Federal Reserve Chairman Jerome Powell speaks at a conference involving its review of its interest-rate policy strategy and communications in Chicago. On Wednesday, June 19, the Federal Reserve releases its latest monetary policy statement and updated economic projections. (AP Photo/Kiichiro Sato, File)
June 17, 2019 - 11:59 am
WASHINGTON (AP) — Jerome Powell has tantalized the financial world with the prospect that the Federal Reserve he leads may soon cut interest rates for the first time in over a decade. Probably not quite yet, though. When the Fed issues a policy statement Wednesday and Powell holds a news conference...
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Huawei founder Ren Zhengfei speaks at a roundtable at the telecom giant's headquarters in Shenzhen in southern China on Monday, June 17, 2019. Huawei's founder has likened his company to a badly damaged plane and says revenues will be $30 billion less than forecast over the next two years. (AP Photo/Dake Kang)
June 17, 2019 - 11:56 am
SHENZHEN, China (AP) — Huawei's founder said Monday that the Chinese telecom giant's revenue will be $30 billion less than forecast over the next two years, as he compared the company to a "badly damaged plane" as a result of U.S. government actions against it. "We never thought that the U.S.'s...
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FILE- In this undated file photo heiress and designer Gloria Vanderbilt walks down a New York street. Vanderbilt died on Monday, June 17, 2019, at 95, according to her son, CNN anchor Anderson Cooper. (New York Post via AP, File)
June 17, 2019 - 10:53 am
NEW YORK (AP) — Gloria Vanderbilt, the intrepid heiress, artist and romantic who began her extraordinary life as the "poor little rich girl" of the Great Depression, survived family tragedy and multiple marriages and reigned during the 1970s and '80s as a designer jeans pioneer, died Monday at the...
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FILE - This Dec. 4, 2017, file photo shows the Pfizer company logo at the company's headquarters in New York. Pfizer is buying the cancer treatment company Array BioPharma in a deal worth $11.4 billion. Array has a combination therapy for BRAF-mutant metastatic melanoma, along with a pipeline of targeted cancer medicines in development and a portfolio of other medicines that are expected to generate significant royalties over time. (AP Photo/Richard Drewm Fuke, File)
June 17, 2019 - 8:28 am
NEW YORK (AP) — Pfizer is delving deeper into cancer research with a roughly $11.4 billion deal for Array BioPharma, a drug developer that has seen its shares soar since announcing positive clinical trial results earlier this spring. Pfizer said Monday it will pay $48 per share in cash for Array,...
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A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, June 17, 2019. Asian shares were mostly higher Monday amid a wait-and-see attitude about the direction of interest rates and the trade dispute between the U.S. and China. (AP Photo/Eugene Hoshiko)
June 17, 2019 - 8:14 am
LONDON (AP) — Global stock markets traded in fairly narrow ranges Monday as investors awaited a run of interest rate decisions, notably from the U.S. Federal Reserve, and more clarity over the trade dispute between the U.S. and China. The week will likely be dominated by central banks with those...
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FILE - This April 2017, file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)
June 17, 2019 - 7:20 am
Many people worry about running out of money in retirement. That's understandable, since we don't know how long we'll live, what your future costs might be and what kind of returns we can expect on our savings. There are several ways, however, to boost the odds that your money will last as long as...
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Technicians of Edenor electricity company stand under the rain as they work to fix a generator during a blackout in Buenos Aires, Argentina, Sunday, June 16, 2019. A massive blackout left tens of millions of people without electricity in Argentina, Uruguay and Paraguay on Sunday in what the Argentine president called an “unprecedented” failure in the countries’ power grid. (AP Photo/Tomas F. Cuesta)
June 17, 2019 - 5:12 am
BUENOS AIRES, Argentina (AP) — As lights turned back on across Argentina, Uruguay and Paraguay after a massive blackout that hit tens of millions people, authorities were still largely in the dark about what caused the collapse of the interconnected grid and were tallying the damage from the...
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FILE - In this June 4, 2019, file photo, Kelsey Rose Juliana, of Eugene, Ore, speaks at a rally for a group of young people who filed an environmental lawsuit against the U.S. government in Portland, Ore. Oregon is on the precipice of becoming the second state after California to adopt a cap-and-trade program, a market-based approach to lowering the greenhouse gas emissions behind global warming. (AP Photo/Steve Dipaola, File)
June 17, 2019 - 12:36 am
SALEM, Ore. (AP) — Oregon is on the precipice of becoming the second state after California to adopt a cap-and-trade program, a market-based approach to lowering the greenhouse gas emissions behind global warming. Supporters call it the United States' most progressive climate policy, saying it not...
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FILE - In this June 6, 2019, file photo specialist Anthony Rinaldi, left, and trader Fred DeMarco work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, June 14. (AP Photo/Richard Drew, File)
June 16, 2019 - 10:40 pm
TOKYO (AP) — Asian shares were mostly higher Monday amid a wait-and-see attitude about the direction of interest rates and the trade dispute between the U.S. and China. Japan's benchmark Nikkei 225 gained 0.3% to 21,170.63 in morning trading. Australia's S&P/ASX 200 lost 0.3% to 6,535.50, while...
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