Economy

People walk past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, Feb. 12, 2020. Asian shares were higher Wednesday, although the outbreak of a new virus in the region continued to weigh on investor sentiments. (AP Photo/Kin Cheung)
February 11, 2020 - 10:36 pm
TOKYO (AP) — Asian shares were higher Wednesday, although the outbreak of a new virus in the region continued to weigh on investor sentiments. Japan's Nikkei 225 rose 0.5% in morning trading to 23,813.14. Australia's S&P/ASX 200 gained 0.6% to 7,094.00. Hong Kong's Hang Seng added 0.7% to 27,...
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FILE - In this Feb. 13, 2019, file photo Sprint Corporation Executive Chairman Marcelo Claure, left, speaks with T-Mobile US CEO and President John Legere during the House Commerce subcommittee hearing on Capitol Hill in Washington. A federal judge has removed a major obstacle to T-Mobile's $26.5 billion takeover of Sprint, as he rejected claims by a group of states that the deal would mean less competition and higher phone bills. (AP Photo/Jose Luis Magana, File)
February 11, 2020 - 4:34 pm
NEW YORK (AP) — T-Mobile’s $26.5 billion takeover of Sprint could mean higher or lower phone bills, depending on whom you ask. A federal judge in New York ultimately took T-Mobile's track record of aggressive competition into account in ruling Tuesday that the deal would be good for consumers. In...
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FILE - In this Jan. 29, 2020 file photo Federal Reserve Chair Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting in Washington. The Federal Reserve believes that downside risks to the U.S. economy have lessened with the easing of trade tensions and better prospects for global growth. But officials note a concern that possible spillovers from a deadly virus in China represent a new threat. (AP Photo/Manuel Balce Ceneta, File)
February 11, 2020 - 12:07 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday the U.S. economy appears durable with steady growth and unemployment near a half-century low but faces some risk from the broadening viral outbreak that began in China. Giving the Fed’s semiannual monetary report to Congress,...
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FILE - In this Sept. 18, 2019, file photo people stand in line to inquire about jobs available at the Bean Automotive Group during a job fair designed for people fifty years or older in Miami. On Tuesday, Feb. 11, 2020, the Labor Department reports on job openings and labor turnover for December. (AP Photo/Lynne Sladky, File)
February 11, 2020 - 10:38 am
WASHINGTON (AP) — U.S. businesses sharply cut the number of open jobs in December for the second straight month, an unusual sign of weakness in an otherwise healthy job market. The number of available positions dropped 5.4% to 6.4 million, a historically solid number that exceeds the number of...
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FILE -In this Nov. 21, 2011 file photo, shoppers pause outside of the Fifth Avenue FAO Schwarz in New York. Under Armour said Tuesday, Feb. 11, 2020, that it may scuttle the opening of its flagship store inside the space formerly occupied by the iconic FAO Schwarz toy store in New York City. (AP Photo/Bebeto Matthews, File)
February 11, 2020 - 10:16 am
BALTIMORE (AP) — Under Armour plunged in trading at the opening bell with the company anticipating a big financial hit from the viral outbreak in China and saying separately that it may need to restructure this year at a cost of hundreds of millions of dollars. It also said Tuesday that it may...
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Christine Lagarde president of the ECB before making a speech during the annual report 2018 of the ECB, before the European Parliament's economic and monetary affairs committee at the European Parliament in Strasbourg, France, Tuesday Feb. 11, 2020. Lagarde warned that the world's central banks have little room to stimulate growth in the economy as interest rates and inflation are already very low. (AP Photo/Jean-François Badias)
February 11, 2020 - 10:12 am
FRANKFURT, Germany (AP) — European Central Bank President Christine Lagarde is urging governments to get more involved in supporting the tepid eurozone economy through targeted spending and business-friendly reforms. Lagarde said that “"other policy areas... have to play their part” in helping the...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Feb. 11, 2020. Asian stock markets followed Wall Street higher on Tuesday, at least temporarily shaking off jitters about China's virus outbreak. (AP Photo/Ahn Young-joon)
February 11, 2020 - 6:51 am
BEIJING (AP) — Global stock markets turned higher on Tuesday, at least temporarily shaking off jitters about China's virus outbreak. Indexes in London and Frankfurt advanced in Europe, while Shanghai, Hong Kong and Seoul closed higher. Tokyo fell for a second day. “Concerns over the coronavirus...
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European Commission President Ursula von der Leyen, left, talks to to European Union chief Brexit negotiator Michel Barnier during a debate on a proposed mandate for negotiations for a new partnership with the United Kingdom of Great Britain and Northern Ireland, at the European Parliament in Strasbourg, eastern France, Tuesday, Feb.11, 2020. (AP Photo/Jean-Francois Badias)
February 11, 2020 - 6:40 am
BRUSSELS (AP) — The European Union will only offer Britain unique access to its vast single market if the U.K. agrees to stick to the bloc's standards, European Commission President Ursula von der Leyen said Tuesday, dismissing British Prime Minister Boris Johnson's idea of brokering a loose trade...
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British Prime Minister Boris Johnson outlines his government's negotiating stance with the European Union after Brexit, during a key speech at the Old Naval College in Greenwich, London, Monday, Feb. 3, 2020. (AP Photo/Frank Augstein, Pool)
February 11, 2020 - 6:09 am
LONDON (AP) — Uncertainty related to Brexit seems to have weighed heavily on the British economy during the final quarter of 2019 as output flat-lined, official data showed Tuesday. In its first assessment of the quarter as a whole, the Office for National Statistics said increases in the services...
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Supporters for Democratic presidential candidate Sen. Elizabeth Warren, D-Mass., raise their hands to be counted during a Democratic party caucus at Hoover High School, Monday, Feb. 3, 2020, in Des Moines, Iowa. (AP Photo/Charlie Neibergall)
February 10, 2020 - 10:39 pm
WASHINGTON (AP) — The U.S. government's top counterintelligence official said Monday that he was concerned Russia or other foreign adversaries could exploit the chaos of the Iowa caucuses to sow distrust in the integrity of America's elections. “How can an adversary take what happened in Iowa and...
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