Economy

FILE - In this July 31, 2019, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. On Wednesday, Sept. 18, the Federal Reserve releases its latest monetary policy statement. (AP Photo/Manuel Balce Ceneta, File)
September 18, 2019 - 2:49 pm
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 2:40 p.m. President Donald Trump blasted the Federal Reserve Chair Jerome Powell as a "terrible communicator," after the U.S. central bank's rate cut was less generous than what Trump wanted. "Jay...
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File -- In this Friday, May 17, 2019 photo a training ship for Saudi Arabia's border guard is pictured at the Peene shipyard in Wolgast, northern Germany. The German government extended the export ban on military equipment for Saudia Arabia until March 31, 2020. (Stefan Sauer/dpa via AP, file)
September 18, 2019 - 10:15 am
BERLIN (AP) — Germany has extended its ban on defense industry exports to Saudi Arabia for another six months, despite some calls for it to be relaxed in the wake of the recent attacks on the country's oil production facilities. The government said Wednesday the ban had been extended for six months...
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In this Tuesday, Sept. 3, 2019 photo a sign rests in front of a newly constructed home, in Westwood, Mass. On Wednesday, Sept. 18, the Commerce Department reports on U.S. home construction in August. (AP Photo/Steven Senne)
September 18, 2019 - 9:37 am
WASHINGTON (AP) — The pace of U.S. home construction jumped 12.3% last month to a 12-year high on a surge in apartment building. The Commerce Department said Wednesday that housing starts came in at a seasonally adjusted annual rate of 1.36 million, the most since June 2007 and up from a revised 1...
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In this July 8, 2019, photo, Honda cars, foreground, for export park at Yokohama port, near of Tokyo in Tokyo. Japan’s exports fell 12 percent in August from a year earlier as it logged a second straight month of deficits as the toll from trade tensions between its two largest markets deepened.(AP Photo/Koji Sasahara)
September 18, 2019 - 3:14 am
TOKYO (AP) — Japan's exports fell 8% in August from a year earlier, as trade tensions took a growing toll on demand across the region. Exports of machinery, vehicles and chemicals all declined, the Finance Ministry reported Wednesday. Exports totaled 6.1 trillion yen ($56 billion), while imports...
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CORRECTS DATE PHOTO TAKEN - Lee Ho-hyeon, a director general for International Trade Policy at the Trade, Industry and Energy Ministry, speaks at the government complex in Sejong, South Korea, Tuesday, Sept. 17, 2019. South Korea has gone through with plans to drop Japan from a list of countries receiving fast-track approvals in trade in a tit-for-tat reaction to a similar move by Tokyo to downgrade Seoul's trade status amid a tense diplomatic dispute. (Jin Sung-chul/Yonhap via AP)
September 17, 2019 - 10:44 pm
SEOUL, South Korea (AP) — South Korea on Wednesday followed through with plans to drop Japan from a list of countries receiving fast-track approvals in trade, a reaction to a similar move by Tokyo to downgrade Seoul's trade status amid a tense diplomatic dispute. South Korea' trade ministry said...
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Democratic presidential candidate U.S. Sen. Bernie Sanders arrives onstage at the "Workers' Presidential Summit" at the Convention Center in Philadelphia Tuesday, Sept. 17, 2019. The Philadelphia Council of the AFL-CIO hosted the event. (Tom Gralish/The Philadelphia Inquirer via AP)
September 17, 2019 - 9:38 pm
PHILADELPHIA (AP) — The high-stakes fight for working-class voters moved to Pennsylvania on Tuesday as a slate of Democratic White House hopefuls vowed to use the power of the presidency to crack down on corporate America and strengthen organized labor. But beneath all the agreement at the AFL-CIO...
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President Donald Trump speaks during a campaign rally at the Santa Ana Star Center, Monday, Sept. 16, 2019, in Rio Rancho, N.M. (AP Photo/Evan Vucci)
September 17, 2019 - 6:47 pm
WASHINGTON (AP) — The Trump administration tried to balance diplomacy with fresh talk of military action Tuesday in response to the fiery missile and drone attack on the heart of Saudi Arabia's oil industry — a strike marking the most explosive consequence yet of the "maximum pressure" U.S...
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This Feb. 14, 2019, photo released by Caltrans District 3 shows a 7-mile back up on the South bound Interstate 5, as it reopens to traffic in Maxwell in Colusa County, Calif. The Trump administration is poised revoke California’s authority to set auto mileage standards, asserting that only the federal government has the power to regulate greenhouse gas emissions and fuel economy. (Caltrans District 3 via AP)
September 17, 2019 - 6:01 pm
WASHINGTON (AP) — The Trump administration is poised to revoke California's authority to set auto mileage standards, asserting that only the federal government has the power to regulate greenhouse gas emissions and fuel economy. Conservative and free-market groups have been asked to attend a formal...
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A commuter walks past a huge sign of the new pump prices of gasoline and diesel following its implementation Tuesday, Sept. 17, 2019, in suburban Valenzuela city north of Manila, Philippines. Monday saw another round of oil price increase in the country which energy officials said is not related to the recent attacks in Saudi Arabia but has cautioned the public to brace for more spikes in the coming days. (AP Photo/Bullit Marquez)
September 17, 2019 - 2:36 pm
DALLAS (AP) — The price of gasoline crept higher after a weekend attack devastated Saudi Arabian oil output, but if the disruption to global supplies is short-lived, the impact on the U.S. economy will probably be modest. Prices spiked Monday by more than 14%, their biggest single-day jump in years...
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Dutch King Willem-Alexander and Queen Maxima salute the coat of arms after arriving in a horse-drawn carriage outside the Knight's Hall in The Hague, Netherlands, Tuesday, Sept. 17, 2019, for a ceremony marking the opening of the parliamentary year with a speech by King Willem-Alexander outlining the government's budget plans for the year ahead. (AP Photo/Peter Dejong)
September 17, 2019 - 10:22 am
THE HAGUE, Netherlands (AP) — The Dutch government said Tuesday it plans to reform a business tax rule that allows wealthy multinationals to reduce the amount of tax they pay on their profits. The government said the plan, which has to be passed by parliament, will generate 265 million euros ($292...
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