Economy

In this Wednesday, Feb. 12, 2020, photo released by Maggie Zhang, Zhang uses a laptop computer at her parents' home in in the northwestern city of Zhangye in Gansu province. Zhang, founder of SheTalks, a company in Beijing that organizes events for women, is working out of her parents' apartment after she went back for the Lunar New Year and said she might stay through March. (Maggie Zhang via AP)
February 14, 2020 - 1:41 am
BEIJING (AP) — In the middle of a phone call with a customer, an important visitor knocks on Michael Xiong's door: his 3-year-old son. Xiong, a salesman in Chibi, a city near the center of a virus outbreak, is one of millions of people in China who are obeying government orders to work from home as...
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A man wearing a face mask walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Friday, Feb. 14, 2020. Asian shares mostly fell Friday as investors turned cautious following a surge in cases of a new virus in China that threatens to crimp economic growth and hurt businesses worldwide. (AP Photo/Vincent Yu)
February 14, 2020 - 12:31 am
Shares rebounded in Asia on Friday after an early sell-off, though Japan's benchmark declined as investors reacted to news of a growing number of cases of a new virus among the local population. The Nikkei 225 fell 0.6% in morning trading to 23,683.44. Australia's S&P/ASX 200 gained 0.4% to 7,...
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FILE - This April 6, 2018, file photo shows the leaves of a marijuana plant inside Ultra Health's cultivation greenhouse in Bernalillo, N.M. New Mexico would legalize recreational marijuana sales without exceptions for dissenting cities and counties under a rebooted proposal form legislators that emphasizes small business opportunities and ready access to pot for 80,000 current medical cannabis patients. Legalization for the first time enjoys the full throttled support of second-year Democratic Gov. Michelle Lujan Grisham, who set up a volunteer commission last year to vet health and public safety concerns about recreational cannabis and on Thursday, Jan. 16, 2020, pitched the benefits of the pot economy to a gathering business leaders. (AP Photo/Susan Montoya Bryan, File)
February 13, 2020 - 7:39 pm
SANTA FE, N.M. (AP) — New Mexico's bid to become the 12th U.S. state to legalize recreational use of marijuana abruptly fell flat after state senators in a Legislature dominated by Democrats rejected a bill that would have forced permission for sales in all of the state's cities and towns. In a...
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FILE - This Feb. 5, 2018, file photo shows the seal of the Board of Governors of the United States Federal Reserve System at the Marriner S. Eccles Federal Reserve Board Building in Washington. Judy Shelton, President Donald Trump's nominee to the Federal Reserve touted her credentials in written testimony Thursday, Feb. 13, 2020, and said she would “work collegially” if approved. She will likely face tough questioning by the Senate Banking Committee Thursday, which is considering her nomination. (AP Photo/Andrew Harnik, File)
February 13, 2020 - 3:17 pm
WASHINGTON (AP) — One of President Donald Trump's nominees for the Federal Reserve came under sharp questioning Thursday from senators over her unorthodox economic views, including from two Republicans whose doubts about her nomination could imperil it. The nominee, Judy Shelton, sought to make her...
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FILE - This April 13, 2019, file photo, shows homes in suburban Salt Lake City. Americans shopping for a home this spring may face more competition than they have in years. (AP Photo/Rick Bowmer, File)
February 13, 2020 - 2:01 pm
LOS ANGELES (AP) — Americans shopping for a home this spring may face more competition than they have in years. A strong labor market and growing pool of would-be buyers as more millennials enter their 30s is expected to fuel demand for homes at a time when the inventory of properties for sale is...
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February 13, 2020 - 10:50 am
FRANKFURT, Germany (AP) — The European Union warned Thursday that the spread of the viral outbreak in China is a risk for the economy but that its full impact will depend on how long it lasts and how far it spreads. The European Commission, the bloc's executive arm, said in its winter economic...
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British lawmaker Sajid Javid Chancellor of the Exchequer walks along Downing Street in London, Thursday, Feb. 13, 2020. British Prime Minister Boris Johnson shook up his government on Thursday, firing and appointing ministers to key Cabinet posts. Johnson was aiming to tighten his grip on government after winning a big parliamentary majority in December's election. That victory allowed Johnson to take Britain out of the European Union in January. (AP Photo/Matt Dunham)
February 13, 2020 - 9:54 am
LONDON (AP) — U.K. Treasury chief Sajid Javid unexpectedly resigned on Thursday after resisting a reduction in his power, as Prime Minister Boris Johnson sought to tighten his grip on the government with a Cabinet shake-up. Javid had been widely expected to keep his job — the second most powerful...
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FILE - In this Feb. 6, 2020, file photo trader Gordon Charlop works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Feb. 13. (AP Photo/Richard Drew, File)
February 13, 2020 - 8:47 am
LONDON (AP) — Global shares mostly fell Thursday after China reported a spike in COVID-19 cases. The shock resignation of Britain's Treasury chief further knocked U.K. share prices. China reported 254 new deaths and an increase in virus cases of 15,152, after the hardest-hit province of Hubei...
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FILE - In this April 23, 2018, file photo, the logo for General Motors appears above a trading post on the floor of the New York Stock Exchange. Despite a 40-day strike by factory workers and slumping sales in the U.S. and China, General Motors still made money in 2019. The company posted a $6.58 billion profit for the year, but that was down almost 17% from 2018. (AP Photo/Richard Drew, File)
February 13, 2020 - 6:27 am
NEW YORK (AP) — How's your 401(k) doing? President Donald Trump likes to ask that question around the country, sometimes throwing out big gains like 90% or 95%. The average 401(k) did indeed hit a record last year, although its growth was considerably less than that. The average 401(k) balance rose...
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February 13, 2020 - 5:30 am
BEIJING (AP) — China’s auto sales plunged in January, deepening a painful downturn in the industry’s biggest global market and adding to economic pressures as the country fights a virus outbreak. Sales of SUVs, sedans and minivans fell 20.2% from a year earlier to 1.6 million, an industry group,...
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