Economy

FILE- This May 2, 2017, file photo shows corporate signage at Macy's flagship store in New York. Macy's Inc. reports financial results Wednesday, May 15, 2019. (AP Photo/Bebeto Matthews, File)
May 15, 2019 - 9:04 am
NEW YORK (AP) — Macy's put up its sixth consecutive quarter of increases in comparable store sales fueled by its robust online business. The department store chain also smashed estimates for first quarter profits. Shares rose in premarket trading on Wednesday. Macy's report offered encouraging news...
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A currency trader watches the computer monitors near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Wednesday, May 15, 2019. Asian stocks followed Wall Street higher on Wednesday after President Donald Trump downplayed his escalating tariff war with Beijing and said a settlement is possible.(AP Photo/Lee Jin-man)
May 15, 2019 - 7:55 am
BEIJING (AP) — Stock markets mostly turned lower in European trading Wednesday over the trade dispute between the U.S. and China, even though President Donald Trump said a settlement was still possible. London's FTSE 100 slipped 0.1% to 7,235 while France's CAC 40 shed 0.4% to 5,321. Despite a...
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Customers shop at a toy store in Beijing, Wednesday, May 15, 2019. For many Americans, President Donald Trump's trade war may soon get very real. His administration is preparing to extend 25% tariffs to practically all Chinese imports not already hit with duties, including toys, sneakers, shirts, alarm clocks, toasters and coffeemakers. (AP Photo/Mark Schiefelbein)
May 15, 2019 - 6:46 am
BEIJING (AP) — China's factory output and consumer spending weakened in April as a tariff war with Washington intensified, adding to pressure on Beijing to shore up shaky economic growth. Wednesday's unexpectedly weak data prompted suggestions Beijing needs to boost stimulus spending and bank...
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May 15, 2019 - 2:59 am
BERLIN (AP) — Official figures show that the German economy returned to growth in the first quarter of 2019 on the back of solid consumer spending and a construction boom in Europe's largest economy. The Federal Statistical Office reported Wednesday that the country's economy grew by 0.4% in the...
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President Donald Trump arrives to speak on energy infrastructure at the Cameron LNG export facility, Tuesday, May 14, 2019, in Hackberry, La. (AP Photo/Evan Vucci)
May 14, 2019 - 7:47 pm
HACKBERRY, La. (AP) — President Donald Trump showcased his "America First energy policy" on Tuesday during a trip to Louisiana designed to highlight his administration's efforts to increase liquefied natural gas exports and boost the country's energy infrastructure. Trump toured the outskirts of a...
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Vice President Mike Pence, left, talks with Sen. Todd Young, R-Ind., as they enter a Senate Republican policy luncheon at the Capitol in Washington, Tuesday, May 14, 2019. (AP Photo/J. Scott Applewhite)
May 14, 2019 - 7:06 pm
WASHINGTON (AP) — President Donald Trump's allies on Capitol Hill are scrambling to soften the blow from his trade war with China amid mounting anxiety from farm-state lawmakers that the protracted battle and escalating tariffs could irreparably damage their local economies. Vice President Mike...
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May 14, 2019 - 2:14 pm
BISMARCK, N.D. (AP) — The escalating trade war between the U.S. and China is causing anxiety among rural farmers and bankers. Upper Midwest soybean farmer Jamie Beyer says these are days of "a little bit of panic." Minnesota agriculture lender Kent Thiesse (TEE'-see) says most farmers were able to...
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A worker at the imported beef section of a supermarket that used to carry U.S. products chats with another in Beijing on Tuesday, May 14, 2019. China announced higher tariffs Monday on $60 billion worth of American goods in retaliation for President Donald Trump's latest penalties on Chinese products. (AP Photo/Ng Han Guan)
May 14, 2019 - 12:46 pm
BEIJING (AP) — U.S. officials listed $300 billion more of Chinese goods for possible tariff hikes while Beijing vowed Tuesday to "fight to the finish" in an escalating trade battle that is fueling fears about damage to global economic growth. The U.S. Trade Representative's Office issued its target...
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Trader Timothy Nick works on the floor of the New York Stock Exchange, Tuesday, May 14, 2019. Stocks are opening broadly higher on Wall Street as the market claws back some of the ground it lost in a big slide a day earlier. (AP Photo/Richard Drew)
May 14, 2019 - 12:44 pm
NEW YORK (AP) — Stocks regained some ground in afternoon trading Tuesday following a nosedive at the start of the week as the U.S. and China escalate their trade war. Investors have been dealing with creeping uncertainty since last week after President Donald Trump's decision to raise tariffs on...
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In this May 3, 2019 photo, Bruce Kudick shows off the Trump 2020 hats he bought during a Waukesha County GOP gathering in his hometown of New Berlin, Wis. Kudick, who retired but went back to work at a Wisconsin blood center, just got a raise and he's giving President Donald Trump credit for the strong economy. (AP Photo/Sara Burnett)
May 14, 2019 - 9:26 am
NEW BERLIN, Wis. (AP) — Business was good at the merchandise table as Republicans meeting at a suburban Milwaukee bowling alley picked out their Trump 2020 "Keep America Great" hats, now available in pink, blue and camouflage in addition to the trademark red. Bruce Kudick, a proud Donald Trump...
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