Economy

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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President Donald Trump greets supporters as he arrives at General Mitchell International Airport, Friday, July 12, 2019, in Milwaukee. (AP Photo/Alex Brandon)
July 12, 2019 - 1:58 pm
FOX POINT, Wis. (AP) — President Donald Trump loves to reminisce about the upset Wisconsin victory he carried off in 2016 after Democrat Hillary Clinton took the state for granted. He's determined not to make the same mistake himself. With Wisconsin now a pivotal state for his reelection chances,...
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In this May 23, 2019, photo a farmer plants soybeans in a field in Springfield, Neb. On Friday, July 12, the Labor Department reports on U.S. producer price inflation in June. (AP Photo/Nati Harnik)
July 12, 2019 - 8:32 am
WASHINGTON (AP) — U.S. producer prices rose modestly in June, another sign that inflationary pressures remain subdued. The Labor Department said Friday that its producer price index, which measures inflation before it reaches consumers, rose 0.1% last month, same as the increase in May. Wholesale...
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File---Picture taken Oct.31, 2018 shows cars queuing in a traffic jam when commuting to Frankfurt, Germany. (AP Photo/Michael Probst)
July 12, 2019 - 8:31 am
BERLIN (AP) — A panel of economists advising the German government is recommending that the country should put a price on carbon emissions if it wants to meet its targets for reducing the amount of greenhouse gases being released into the atmosphere. In a report delivered Friday to German...
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People walk past a Huawei retail store in Beijing, Sunday, June 30, 2019. Once again, Presidents Donald Trump and Xi Jinping have hit the reset button in trade talks between the world's two biggest economies, at least delaying an escalation in tension between the U.S. and China that had financial markets on edge and cast a cloud over the global economy. (AP Photo/Andy Wong)
July 12, 2019 - 8:01 am
SHENZHEN, China (AP) — The chairman of Huawei said Friday the Chinese tech giant has yet to see any benefit from President Donald Trump's promise to allow U.S. companies to sell some components to the company and called on Washington to remove it from a security blacklist. The "unjust and unfair"...
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In this Tuesday, May 14, 2019, photo, containers are piled up at a port in Qingdao in east China's Shandong province. China's imports from the United States plunged 31.4% in June from a year earlier amid a tariff war with Washington, while exports to the U.S. market sank 7.8%, Customs data showed Friday, July 12, 2019. (Chinatopix via AP)
July 12, 2019 - 7:22 am
BEIJING (AP) — China's trade with the United States plunged in June amid a tariff war with Washington over Beijing's technology ambitions that has battered exporters on both sides. Imports of U.S. goods fell 31.4% from a year earlier to $9.4 billion, while exports to the American market declined 7...
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A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, July 12, 2019. Shares in Asia are mostly higher after a turbulent day on Wall Street ended with the Dow Jones Industrial Average closing above 27,000 for the first time. (AP Photo/Eugene Hoshiko)
July 12, 2019 - 6:58 am
BANGKOK (AP) — World shares were mostly higher on Friday after Wall Street ended overnight with the Dow Jones Industrial Average closing above 27,000 for the first time. Germany's DAX edged 5.68 points higher to 12,337.80 while the CAC 40 in France surged 0.6% to 5,585.27. Britain's FTSE climbed 0...
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Kim You-geun, deputy chief of South Korea's presidential national security office, speaks during a press conference at the presidential Blue House in Seoul, South Korea, Friday, July 12, 2019. South Korea proposed an investigation by the United Nations or another international body as it continues to reject Japanese claims that Seoul could not be trusted to faithfully implement sanctions against North Korea. (Lee Yun-chung/Newsis via AP)
July 12, 2019 - 3:15 am
SEOUL, South Korea (AP) — South Korea said Friday it wants an investigation by the United Nations or another international body as it continues to reject Japanese claims that Seoul could not be trusted to faithfully implement sanctions against North Korea. Kim You-geun, deputy director of South...
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July 12, 2019 - 2:06 am
SEOUL, South Korea (AP) — The Latest on a trade spat between South Korea and Japan (all times local): 3 p.m. Japanese and South Korean officials are meeting in Tokyo to discuss Japan's tightening of controls on high-tech exports, a step that further strained relations between the two sides. Friday'...
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