Banking and credit

FILE - In this July 31, 2019, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. Federal Reserve Chairman Jerome Powell said Friday, Sept. 6, 2019 that the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will "act as appropriate to sustain the expansion."(AP Photo/Manuel Balce Ceneta, File)
September 06, 2019 - 2:43 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Friday that the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will "act as appropriate to sustain the expansion." Powell gave an upbeat view of the U.S...
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FILE - In this Aug. 14, 2019, file photo company representatives from Verizon, Goodwill, Kaiser Permanente and UPS, right, talk with potential applicants during a job and resource fair in Atlanta. On Friday, Sept. 6, the U.S. government issues the August jobs report. (Bob Andres/Atlanta Journal-Constitution via AP, File)
September 06, 2019 - 2:08 pm
WASHINGTON (AP) — Hiring by U.S. employers was slower but steady in August, and hourly pay jumped — trends that should sustain the U.S. economy's record-long expansion in the coming months. Yet with the economy still under threat from a weak global economy and President Donald Trump's trade war...
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A man walks by an electronic stock board of a securities firm in Tokyo, Friday, Sept. 6, 2019. Asian shares rose Friday as investors cheered plans for more trade negotiations between Washington and Beijing and drew encouragement from positive data about the U.S. economy. (AP Photo/Koji Sasahara)
September 06, 2019 - 4:57 am
TOKYO (AP) — Global shares mostly rose Friday ahead of U.S. jobs data for August, on renewed hopes for U.S.-China trade negotiations next month, and as the Chinese central bank's cut one of its interest rates. Economists have forecast that U.S. businesses and governments added 160,000 jobs last...
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FILE - This Monday, Aug. 8, 2011, file photo shows the Fannie Mae headquarters in Washington. The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, those are the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out by taxpayers at a total cost of $187 billion, Thursday, Sept. 5, 2019. (AP Photo/Manuel Balce Ceneta, File)
September 05, 2019 - 4:17 pm
WASHINGTON (AP) — The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out at a total cost to taxpayers of $187 billion. The...
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September 04, 2019 - 11:25 am
WASHINGTON (AP) — A former top Federal Reserve official has sought to clarify inflammatory comments he made last week that suggested the Fed should consider taking steps that would undermine President Donald Trump's re-election prospects. William Dudley, former president of the Fed's New York...
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Incoming President of the European Central Bank Christine Lagarde speaks to the European Parliament's Economic and Monetary Affairs Committee in Brussels, Wednesday, Sept. 4, 2019. (AP Photo/Francisco Seco)
September 04, 2019 - 10:01 am
FRANKFURT, Germany (AP) — Incoming European Central Bank head Christine Lagarde is defending the bank's record low rates and other stimulus measures as she prepares to take over with the economy facing trouble from trade wars and Brexit. During hearings in the European parliament Wednesday, Lagarde...
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In this June 14, 2019, photo a pair of shoppers, center, in the Levi's store in New York's Times Square, survey a T-shirt display. On Friday, Aug. 30, the Commerce Department issues its July report on consumer spending, which accounts for roughly 70 percent of U.S. economic activity. (AP Photo/Richard Drew)
August 30, 2019 - 7:46 am
WASHINGTON (AP) — U.S. consumer spending grew 0.6% in July, a healthy gain that suggests American shoppers are largely ignoring concerns about trade tensions and driving the economy forward. The Commerce Department said Friday that personal incomes rose just 0.1%, the smallest gain in 10 months...
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Two people steer their paddle boards over the river Main with the buildings of the banking district in background in Frankfurt, Germany, late Tuesday, Aug. 27, 2019. (AP Photo/Michael Probst)
August 30, 2019 - 2:34 am
BRUSSELS (AP) — Inflation in the 19-country eurozone was stuck at a low annual rate of 1% in August, potentially bolstering the argument for the European Central Bank to provide more stimulus to the economy when it meets next month. Statistics agency Eurostat said Friday that the inflation rate was...
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President Donald Trump and first lady Melania Trump arrive at Andrews Air Force Base, Md., Tuesday, Aug. 27, 2019, for a short trip to the White House after returning from the G-7 Summit in Biarritz, France (AP Photo/Andrew Harnik)
August 27, 2019 - 3:41 pm
WASHINGTON (AP) — A former top Federal Reserve official suggested Tuesday that the Fed avoid responding to the effects of President Donald Trump's trade war with China and even consider how its actions might affect Trump's re-election prospects — an argument that drew an unusual rejection from 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, Monday, Aug. 26, 2019. Asian shares tumbled Monday after the latest escalation in the U.S.-China trade war renewed uncertainties about global economies, as well as questions over what U.S. President Donald Trump might say next. (AP Photo/Ahn Young-joon)
August 26, 2019 - 1:51 am
TOKYO (AP) — Shares mostly fell Monday after the latest escalation in the U.S.-China trade war renewed uncertainties about global economies, as well as questions over what President Donald Trump might say next. France's CAC 40 recouped early losses to inch up nearly 0.1% in early trading to 5,330...
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