Economy

FILE- This May 3, 2017, file photo shows the Target logo on a store in Upper Saint Clair, Pa. An aggressive campaign at Target to let customers do more online is paying off. The retailer on Wednesday, May 22, 2019, exceeded first quarter expectations on just about every level, saying the same day services it's rolled out in recent years drove more than 25 percent of comparable sales growth. (AP Photo/Gene J. Puskar, File)
May 22, 2019 - 10:32 am
NEW YORK (AP) — An aggressive campaign at Target to let customers do more online is paying off. The retailer exceeded first quarter expectations on just about every level, saying the same day services it's rolled out, including picking up online orders at the store, drove more than 25% of...
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FILE - In this Saturday, March 30, 2019, file photo, workers assemble LED lights at a factory in Yushan county in central China's Jiangxi province. China is cutting taxes on its fledgling software and integrated circuit industries to spur development in the face of U.S. export controls that threaten to handicap Chinese tech companies. (AP Photo, File)
May 22, 2019 - 6:35 am
BEIJING (AP) — China is cutting taxes on its fledgling software and integrated circuit industries as U.S. export controls threaten to handicap Chinese tech companies. The Finance Ministry's announcement Wednesday comes amid a spiraling tariff war with Washington over Chinese technology ambitions...
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FILE - This Oct. 20, 2015 file photo shows the Scunthorpe steel plant, now owned by British Steel, in Scunthorpe, England. Britain’s government pledged Tuesday May 21, 2019 to do its utmost to support British Steel amid reports the company is facing bankruptcy. (Anna Gowthorpe/PA via AP, File)
May 22, 2019 - 5:49 am
LONDON (AP) — Britain's Insolvency Service says British Steel has been ordered into compulsory liquidation after talks with the government failed to secure a bailout. The move threatens some 5,000 workers employed by the company, with another 20,000 jobs in the supply chain. The official receiver...
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Investors chat as they monitor stock prices at a brokerage house in Beijing, Wednesday, May 22, 2019. Shares edged in Asia on Wednesday after a rebound in technology stocks helped power an overnight rally on Wall Street. (AP Photo/Andy Wong)
May 22, 2019 - 4:55 am
BANGKOK (AP) — World shares were mixed Wednesday after a rebound in technology stocks helped power an overnight rally on Wall Street. After a day of modest gains in Asia, Britain's FTSE 100 rose 0.4% to 7,360.41, while the DAX in Germany edged 0.1% higher to 12,152.04. The CAC 40 in France slipped...
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FILE - In this Saturday, May 18, 2019 file photo, supporters reach out to touch their leader during a rally organized by League leader Matteo Salvini, with leaders of other European nationalist parties, ahead of the May 23-26 European Parliamentary elections, in Milan, Italy. The European Parliament elections have never been so hotly anticipated or contested, with many predicting that this year’s ballot will mark a coming-of-age moment for the euroskeptic far-right movement. The elections start Thursday May 23, 2019 and run through Sunday May 26 and are taking place in all of the European Union’s 28 nations. (AP Photo/Luca Bruno, File)
May 22, 2019 - 3:21 am
BRUSSELS (AP) — The European Parliament elections that start Thursday have never been so hotly anticipated, with many predicting that this year's ballot will mark a coming-of-age moment for the euroskeptic far-right movement. The elections, which run through Sunday and take place in all of the...
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FILE- In this Feb. 26, 2019 file photo, Jeep vehicles are parked outside the Jefferson North Assembly Plant in Detroit. Fiat Chrysler can move forward with plans to build a new, $1.6 million assembly plant on Detroit's Eastside and invest $900 million to retool and modernize another. The Detroit City Council on Tuesday approved land deals and community benefits agreements tied to the project. They include a four-week exclusive window Detroit residents will have to apply for jobs at the facilities once laid-off workers and temporary employees are considered. Fiat Chrysler expects to add 4,950 new jobs. (AP Photo/Carlos Osorio, File)
May 21, 2019 - 5:28 pm
DETROIT (AP) — Fiat Chrysler can move forward with plans to build a new, $1.6 billion assembly plant in Detroit and invest $900 million to retool and modernize another. Land deals and community benefits agreements tied to the project were approved Tuesday by the Detroit City Council, shortly before...
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FILE - In this Jan. 20, 2019 file photo, Bahrain's foreign minister, Sheikh Khalid bin Ahmed Al Khalifa, attends the Arab Economic and Social Development Summit, in Beirut, Lebanon. Al Khalifa defended his country's decision to host a White House-engineered summit to address the Israeli-Palestinian crisis, saying Bahrain's only objective is to support the "brotherly Palestinian people". He tweeted Tuesday, May 21, 2019, that it also respects the Palestinian leadership's steadfast position safeguarding Palestinian rights. (AP Photo/Bilal Hussein, File)
May 21, 2019 - 3:39 pm
DUBAI, United Arab Emirates (AP) — Bahrain on Tuesday defended its decision to host a White House-engineered conference to address the Israeli-Palestinian crisis, saying its only objective is to support the "brotherly Palestinian people." The Palestinian Authority has rejected the economic...
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FILE - In this May 16, 2018 file photo, a man enters the JC Penney store at the Manhattan mall in New York. J.C. J.C. Penney Co. (JCP) on Tuesday, May 21, 2019. reported a loss of $154 million in its fiscal first quarter. The Plano, Texas-based company said it had a loss of 48 cents per share. Losses, adjusted for one-time gains and costs, came to 46 cents per share. The results missed Wall Street expectations. (AP Photo/Mary Altaffer, File)
May 21, 2019 - 8:33 am
NEW YORK (AP) — J.C. Penney and Kohl's struggled during the start of the year, raising concern about the challenges for the department store industry ahead. Penney reported a wider than expected loss and sales declines during the first quarter while Kohl's cut its fiscal 2020 profit outlook as it...
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A man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Tuesday, May 21, 2019. Asian stocks were mixed Tuesday after anxiety over U.S. restrictions on sales to Chinese tech giant Huawei pulled Wall Street lower. (AP Photo/Vincent Yu)
May 21, 2019 - 8:31 am
BEIJING (AP) — Most global stock markets rose Tuesday after the U.S. government issued a 90-day grace period on its order to bar U.S. firms from selling to Chinese telecom gear maker Huawei. The reprieve eases the immediate hit on U.S. suppliers and has at least temporarily quelled investors'...
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In this photo taken Monday, May 20, 2019, residents enjoy a cool evening near a Huawei store in Beijing. The Trump administration's sanctions against Huawei have begun to bite even though their dimensions remain unclear. U.S. companies that supply the Chinese tech powerhouse with computer chips saw their stock prices slump Monday, and Huawei faces decimated smartphone sales with the anticipated loss of Google's popular software and services. (AP Photo/Ng Han Guan)
May 21, 2019 - 7:50 am
BEIJING (AP) — The founder of Huawei expressed confidence Washington's curbs on sales to the Chinese tech giant will have little impact and said Tuesday it is discussing "emergency relief" from Google for possible loss of services for its smartphone business. Huawei Technologies Ltd., the biggest...
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