Economy

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 - 12:11 pm
WASHINGTON (AP) — Chairman Jerome Powell signaled Wednesday that the Federal Reserve is likely to cut interest rates late this month for the first time in a decade in light of a weakening global economy and rising trade tensions. Delivering the central bank's semiannual report to Congress, Powell...
Read More
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 - 12:09 pm
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's presentation of the Fed's semi-annual monetary report to Congress. (all times local) 12:05 p.m. Rising federal budget deficits will eventually push up U.S. interest rates, Federal Reserve Chairman Jerome Powell says, though it...
Read More
July 10, 2019 - 10:42 am
LISBON, Portugal (AP) — Portugal's Socialist prime minister is vowing to address the challenges of a low national birth rate, the increasing cost of health care and climate change as he bids for a second straight term in the country's Oct. 6 general election. Prime Minister Antonio Costa used his...
Read More
Men walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Wednesday, July 10, 2019. Asian shares were mostly higher Wednesday in cautious trading ahead of closely watched congressional testimony by the U.S. Federal Reserve chairman. (AP Photo/Eugene Hoshiko)
July 10, 2019 - 7:45 am
TOKYO (AP) — Global stock markets were steady Wednesday, with investors remaining cautious ahead of a closely watched congressional testimony by the chairman of the U.S. Federal Reserve, Jerome Powell. Traders will be listening closely to the exchanges between Powell and lawmakers on Wednesday and...
Read More
European Commissioner for Economic and Financial Affairs Pierre Moscovici, left, speaks with European Commissioner for Migration and Home Affairs Dimitris Avramopoulos during the weekly college meeting at EU headquarters in Brussels, Wednesday, July 3, 2019. (AP Photo/Virginia Mayo)
July 10, 2019 - 5:49 am
BRUSSELS (AP) — The European Union said Wednesday it has trimmed its forecasts for economic growth next year as global trade tensions weigh on the bloc's export-focused manufacturers. The EU executive commission reduced its forecast for next year for both the 19-country eurozone and the 27...
Read More
July 10, 2019 - 3:51 am
BEIJING (AP) — The top U.S. and Chinese trade envoys have spoken by phone in their first contact since Presidents Donald Trump and Xi Jinping agreed to resume stalled talks on ending a tariff war. The Commerce Ministry said Beijing's envoy, Vice Premier Liu He, talked Tuesday with Trade...
Read More
South Korean President Moon Jae-in speaks during a meeting with business leaders at the presidential Blue House in Seoul, South Korea, Wednesday, July 10, 2019. Moon criticized comments by Japanese officials who questioned the credibility of Seoul’s sanctions against North Korea while justifying Tokyo’s move to strengthen controls on high-tech exports to South Korea, which triggered a full-blown diplomatic dispute between the neighboring U.S. allies. (Bae Jae-man/Yonhap via AP)
July 10, 2019 - 12:03 am
SEOUL, South Korea (AP) — South Korean President Moon Jae-in on Wednesday criticized comments by Japanese officials who questioned the credibility of Seoul's sanctions against North Korea while justifying Tokyo's stricter controls on high-tech exports to South Korea. The issue has become a full-...
Read More
FILE - In this May 1, 2019, file photo traders Peter Mancuso, left, and Robert Arciero work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, July 9. (AP Photo/Richard Drew, File)
July 09, 2019 - 11:34 pm
TOKYO (AP) — Asian shares were mostly higher Wednesday in cautious trading ahead of closely watched congressional testimony by the U.S. Federal Reserve chairman. Japan's benchmark Nikkei 225 edged down nearly 0.2% in morning trading to 21,529.38. Australia's S&P/ASX 200 added 0.5% to 6,700.10...
Read More
Conservative Party leadership candidate Boris Johnson gestures, during a visit to view the construction work for the expansion of Terminal Two at Manchester Airport, in Manchester, England, Tuesday July 9, 2019. (Stefan Rousseau/Pool Photo via AP)
July 09, 2019 - 4:05 pm
LONDON (AP) — The Latest on British politics and Brexit (all times local): 8:30 p.m. The two men vying to be Britain's next leader have traded verbal blows during a televised debate over which of them is more likely to deliver a successful exit from the European Union. Conservative Party...
Read More
In this undated 1992 photo, businessman and U.S. presidential candidate H. Ross Perot, of Texas, waves. Perot, the Texas billionaire who twice ran for president, has died, a family spokesperson said Tuesday, July 9, 2019. He was 89. (AP Photo/File)
July 09, 2019 - 3:01 pm
DALLAS (AP) — H. Ross Perot, the colorful, self-made Texas billionaire who rose from a childhood of Depression-era poverty and twice mounted outsider campaigns for president, has died. He was 89. The cause of death was leukemia, a family spokesman said Tuesday. Perot, whose 19% of the vote in 1992...
Read More

Pages