Economy

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 - 7:37 am
WASHINGTON (AP) — Friday's jobs report 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...
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Gregory P. Winter, 2018 Nobel laureate in Chemistry, left, and Professor George P. Smith, 2018 Nobel laureate in Chemistry take part in a press conference at the Royal Academy of Science in Stockholm, Sweden, Friday Dec. 7, 2018. (Claudio Bresciani/TT via AP)
December 07, 2018 - 7:32 am
STOCKHOLM (AP) — A winner of this year's Nobel Prize for Economics who advocates carbon taxes as the best way to address greenhouse gas emissions says he does not expect U.S. President Donald Trump to back his view. William Nordhaus's comments to The Associated Press on Friday followed Trump's...
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A visitor walks in front of private stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Friday, Dec. 7, 2018. Asian shares were mostly higher Friday after gains on Wall Street but investors continued to watch for news about U.S.-China trade friction. (AP Photo/Yam G-Jun)
December 07, 2018 - 4:22 am
TOKYO (AP) — Shares rebounded in Europe and Asia on Friday as worries over U.S.-China trade friction were calmed by conciliatory comments from Beijing. KEEPING SCORE: Germany's DAX climbed 0.7 percent to 10,884.39 and the CAC 40 in France advanced 1.3 percent to 4,840.54. Britain's FTSE 100 jumped...
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December 07, 2018 - 3:49 am
BERLIN (AP) — Official figures show that factory production in Germany declined in October in another sign that Europe's largest economy may be slowing. The Economy Ministry said Friday that industrial production dropped 0.5 percent in October over September after adjusting for seasonal and...
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Trader Gregory Rowe works on the floor of the New York Stock Exchange, Thursday, Dec. 6, 2018. U.S. stocks tumbled in early trading Thursday following a sell-off in overseas markets. (AP Photo/Richard Drew)
December 06, 2018 - 10:42 pm
TOKYO (AP) — Asian shares were mostly higher Friday after gains on Wall Street but investors continued to watch for news about U.S.-China trade friction. KEEPING SCORE: Japan's benchmark Nikkei 225 added 0.1 percent to 21,524.02, and Australia's S&P/ASX 200 gained 0.5 percent to 5,685.50 in...
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In this Nov. 30, 2018 photo, House Minority Leader Nancy Pelosi, D-Calif., is joined by Rep. John Sarbanes, D-Md., at a news conference to discuss their priorities when they assume the majority in the 116th Congress in January, at the Capitol in Washington. While tea party Republicans swept to power to stop things -- repeal Obamacare, roll back environmental regulations and decrease the size and scope of government -- Democrats are marching into the majority to build things back up. And after spending eight downcast years in the minority, they can’t wait to get started. (AP Photo/J. Scott Applewhite)
December 06, 2018 - 10:27 pm
WASHINGTON (AP) — House Democratic leader Nancy Pelosi on Thursday rejected the idea of paying for President Donald Trump's border wall in exchange for helping hundreds of thousands of young immigrants avoid deportation. Funding for the wall — a top Trump priority — and legal protections for so-...
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December 06, 2018 - 7:11 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Thursday that the U.S. economy overall is strong but many rural areas are falling farther behind. In remarks Thursday to a rural housing conference, Powell said unemployment in the poorest rural counties is more than double the national...
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Minister of Energy of the United Arab Emirates, UAE, Suhail Mohamed Al Mazrouei talks with Mohammad Sanusi Barkindo, from left, OPEC Secretary General of Nigeria prior to the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Thursday, Dec. 6, 2018. (AP Photo/Ronald Zak)
December 06, 2018 - 12:57 pm
VIENNA (AP) — OPEC countries hoping to support the price of oil put off their decision Thursday on how much to reduce oil production until they negotiate with ally Russia on Friday on how much it will contribute to the cut. Some saw it as a sign that the group of oil-producing nations may not have...
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In this Nov. 28, 2018, photo, a realtor sign hangs in front of a home for sale in Pittsburgh. On Thursday, Nov. 29, Freddie Mac reports on the week's average U.S. mortgage rates. (AP Photo/Keith Srakocic)
December 06, 2018 - 11:10 am
WASHINGTON (AP) — U.S. long-term mortgage rates fell this week amid a steep decline in stock prices. Continued slides in the stock market and tumbling oil prices have been pushing mortgage rates lower, although home borrowing rates remain much higher than a year ago. Mortgage giant Freddie Mac says...
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FILE- In this June 21, 2018 file photo, job applicants talks with representatives from Aldi at a job fair hosted by Job News South Florida, in Sunrise, Fla. On Thursday, Dec. 6, payroll processor ADP reports how many jobs private employers added in November. (AP Photo/Lynne Sladky, File)
December 06, 2018 - 9:21 am
WASHINGTON (AP) — U.S. businesses hired new workers at a solid pace in November, adding 179,000 jobs, according to a private survey. The report comes as other data also suggest the U.S. economy remains healthy, even as the financial markets have gyrated over concerns about a trade conflict with...
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