Economy

FILE - In this July 1, 2019, file photo trader James Riley works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, July 15. (AP Photo/Richard Drew, File)
July 15, 2019 - 10:22 am
NEW YORK (AP) — Stocks edged lower in early trading Monday on Wall Street as a decline in banks offset solid gains in technology companies. The losses follow record high finishes for every major stock index last week. The S&P 500 index also pushed above 3,000 for the first time. Citi led banks...
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FILE - In this Feb. 8, 2019, file photo the logo for Citigroup appears above a trading post on the floor of the New York Stock Exchange. On Monday, July 15, 2019, Citigroup Inc. reports financial results. (AP Photo/Richard Drew, File)
July 15, 2019 - 8:37 am
NEW YORK (AP) — Banking conglomerate Citigroup said its second quarter profits rose by 7% from a year ago, helped by higher interest rates, a lower tax rate and a strong economy. Citigroup is the first of the big Wall Street banks to report their results this week. All the major banks are expected...
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South Korean small and medium-sized business owners stage a rally calling for a boycott of Japanese products in front of the Japanese embassy in Seoul, South Korea, Monday, July 15, 2019. South Korea and Japan last Friday, July 12, failed to immediately resolve their dispute over Japanese export restrictions that could hurt South Korean technology companies, as Seoul called for an investigation by the United Nations or another international body. The signs read: "We don't sell Japanese products." (AP Photo/Ahn Young-joon)
July 15, 2019 - 5:48 am
SEOUL, South Korea (AP) — In his strongest comments yet on a growing trade dispute, South Korea's president urged Japan on Monday to lift recently tightened controls on high-tech exports to South Korea, which he said threaten to shatter the countries' economic cooperation and could damage Japan...
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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, July 15, 2019. Shares are mixed in Asia, led by gains in Chinese markets after the government reported that the economy grew at the slowest pace in a decade in the last quarter. (AP Photo/Ahn Young-joon)
July 15, 2019 - 3:18 am
BANGKOK (AP) — Shares were mixed in Asia on Monday, with gains in Chinese markets on hopes for fresh stimulus measures after the government reported that the economy grew at the slowest pace in a decade in the last quarter. Analysts said the 6.2% annual rate of growth reported for April-June...
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July 15, 2019 - 1:34 am
TAIPEI, Taiwan (AP) — Taiwan's main opposition party picked a pro-China populist mayor Monday as its candidate for the 2020 presidential race against an incumbent who often bashes Beijing. The Nationalist Party said Han Kuo-yu had won the presidential primary after opinion poll results gave him a...
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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, July 15, 2019. Shares are mixed in Asia, led by gains in Chinese markets after the government reported that the economy grew at the slowest pace in a decade in the last quarter. (AP Photo/Ahn Young-joon)
July 15, 2019 - 12:26 am
BANGKOK (AP) — Shares were mixed Monday in Asia, led by gains in Chinese markets after the government reported that the economy grew at the slowest pace in a decade in the last quarter. Analysts said the 6.2% annual rate of growth reported for April-June suggests the trade war between the U.S. and...
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A boy dressed as a clown watches as the Martinez de Leon family console themselves as they mourn the murder of Carlos Alberto Martinez in Guatemala City, Friday, July 12, 2019. Rates of crime in Guatemala are very high. An average of 101 murders per week were reported in 2016, making the country's violent crime rate one of the highest in Latin America. (AP Photo/Oliver de Ros)
July 12, 2019 - 8:05 pm
GUATEMALA CITY (AP) — A potential agreement with Washington to turn Guatemala into a "safe third country" for asylum seekers has the Guatemalan opposition up in arms and experts scratching their heads. President Jimmy Morales is set to meet Monday in Washington with U.S. counterpart Donald Trump,...
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Labor Secretary Alex Acosta, right, accompanied President Donald Trump, left, speaks to members of the media on the South Lawn of the White House in Washington, Friday, July 12, 2019, before Trump boards Marine One for a short trip to Andrews Air Force Base, Md. and then on to Wisconsin. Trump says Labor Secretary Alex Acosta to step down, move comes in wake of handling of Jeffrey Epstein case. (AP Photo/Andrew Harnik)
July 12, 2019 - 6:26 pm
WASHINGTON (AP) — Adding to the lengthy list of departures from President Donald Trump's Cabinet, Labor Secretary Alexander Acosta said Friday he's stepping down amid the tumult over his handling of a 2008 secret plea deal with wealthy financier Jeffrey Epstein, who is accused of sexually abusing...
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FILE - In this June 6, 2019, file photo specialist John Parisi, left, works with traders on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, July 12. (AP Photo/Richard Drew, File)
July 12, 2019 - 3:29 pm
NEW YORK (AP) — U.S. stocks were modestly higher in afternoon trading on Friday, as declines in health care stocks were offset by gains in technology, consumer discretionary and industrial company stocks. The gains came a day after the Dow Jones Industrial Average closed above 27,000 points for the...
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In this July 8, 2019, photo, acting Secretary of Defense Mark Esper waits for the arrival of Qatar's Emir Sheikh Tamim bin Hamad Al Thani to the Pentagon. The Pentagon says that Esper expects to be formally nominated for the top job very soon, setting off a complicated leadership replacement shuffle at top Army, Navy and senior Defense Department levels(AP Photo/Susan Walsh)
July 12, 2019 - 3:27 pm
WASHINGTON (AP) — The U.S. edged closer to crisis Friday with NATO ally Turkey, which began receiving components of a Russian-made air defense system in defiance of Trump administration warnings that the deal would mean economic sanctions and no access to America's most advanced fighter jet. The...
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