Economy

In this photo provided by the New York Stock Exchange, Hyungsik Kim, center, founder and Chief Executive Officer of Qraft Technologies of Seoul, South Korea, and guests, join Douglas Yones, foreground, third from right, on the podium for the closing bell at the New York Stock Exchange, Thursday, June 11, 2019 in New York. The Dow Jones Industrial Average climbed above 27,000 for the first time after a turbulent day on Wall Street, closing at 27,088.08. (Courtney Crow/The New York Stock Exchange via AP)
July 11, 2019 - 6:36 pm
A turbulent day on Wall Street ended in the record books Thursday as the Dow Jones Industrial Average climbed above 27,000 for the first time and the S&P 500 index hit another all-time high. The milestones came on a day when the S&P 500 briefly moved above 3,000 for the second straight day...
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July 11, 2019 - 5:29 pm
BILLINGS, Mont. (AP) — In a story July 10, The Associated Press reported that Republican senators from border states want grains rules addressed as part of a trade deal with Canada and Mexico. The request was made by a bipartisan group. An updated version is below: Lawmakers along the northern U.S...
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Federal Reserve Chair Jerome Powell presents the monetary policy report to the Senate Banking Committee, July 11, 2019, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
July 11, 2019 - 3:34 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell, testifying for a second day before Congress, said Thursday that the economy is in a "very good place" despite headwinds and that the Fed is prepared to do what it can to "keep it there." Powell's comments before the Senate Banking Committee...
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FILE - In this June 16, 2017 file photo, the Facebook booth is seen at the Vivatech, a gadgets show in Paris, France. France has adopted a pioneering tax on internet giants like Google, Amazon and Facebook despite threats from the U.S. Just ahead of the vote Thursday, French economy minister Bruno Le Maire said allies needed to settle differences "without using threats." (AP Photo/Thibault Camus, File)
July 11, 2019 - 12:29 pm
PARIS (AP) — France has adopted a pioneering tax on internet giants like Google, Amazon and Facebook on Thursday, despite U.S. threats of new tariffs on French imports. The final vote in favor of the tax in the French Senate on Thursday came hours after the Trump administration announced an...
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In this June 26, 2019 photo, a man adds fuel to his vehicle with the price of gas displayed at the pump at a gas station in Orlando, Fla. On Thursday, July 11, the Labor Department reports on U.S. consumer prices for June. (AP Photo/John Raoux)
July 11, 2019 - 9:06 am
WASHINGTON (AP) — U.S. consumer prices rose just 0.1% in June, as cheaper gas prices were offset by higher rents and auto costs. The Labor Department said Thursday that the consumer price index increased 1.6% in June from a year earlier. That is down from 1.8% in May and the second straight drop...
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In this image from file video provided by UK Ministry of Defence, British navy vessel HMS Montrose escorts another ship during a mission to remove chemical weapons from Syria at sea off coast of Cyprus in February 2014. The British Navy said it intercepted an attempt on Thursday, July 11, 2019, by three Iranian paramilitary vessels to impede the passage of a British commercial vessel just days after Iran’s president warned of repercussions for the seizure of its own supertanker. A U.K. government statement said Iranian vessels only turned away after receiving “verbal warnings” from the HMS Montrose accompanying the commercial ship through the narrow Strait of Hormuz. (UK Ministry of Defence via AP)
July 11, 2019 - 9:01 am
DUBAI, United Arab Emirates (AP) — The British navy said it prevented three Iranian paramilitary vessels from impeding the passage of a British oil tanker in the Strait of Hormuz early Thursday, a day after Iran's president warned of repercussions for the seizure of its own supertanker. Iran's...
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July 10, 2019 - 6:49 pm
WASHINGTON (AP) — The White House is launching an investigation into France's proposed tax on internet giants like Google, Amazon and Facebook — a move that could lead to U.S. taxes on French imports. U.S. Trade Representative Robert Lighthizer expressed concern that the tax, expected to be passed...
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Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on Capitol Hill in Washington, Wednesday, July 10, 2019. (AP Photo/Susan Walsh)
July 10, 2019 - 2:16 pm
WASHINGTON (AP) — Most Federal Reserve officials expressed concern at a meeting last month that the outlook for the U.S. economy was weakening, and many said the Fed should soon cut rates if uncertainty continued to weigh on growth. Some businesses, particularly in manufacturing, have pulled back...
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FILE - In this June 18, 2019, file photo specialist Dilip Patel works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, July 10. (AP Photo/Richard Drew, File)
July 10, 2019 - 2:11 pm
Stocks moved higher Wednesday as Wall Street welcomed new signals from the Federal Reserve that the central bank is ready to cut interest rates for the first time in a decade. Fed Chairman Jerome Powell said that many Fed officials believe a weakening global economy and rising trade tensions have...
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FILE - In this April 16, 2019, file photo, Wang Chuanfu, chairman and president of BYD Auto, the biggest global electric brand by sales volume, prepares to show the latest cars during the Auto Shanghai 2019 show in Shanghai. China’s auto sales fell 7.8% in June amid a trade fight with Washington and slower economic growth, extending a year-old contraction that is squeezing automakers that need to spend on developing electric cars. (AP Photo/Ng Han Guan, File)
July 10, 2019 - 12:58 pm
BEIJING (AP) — China's auto sales fell 7.8% in June amid a trade fight with Washington and slower economic growth, extending an unexpectedly painful downturn for automakers that are spending heavily to develop electric cars. Drivers in the global industry's biggest market bought 1.7 million SUVs,...
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