Economic growth

Federal Reserve Chairman Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on monetary policy on Tuesday, Feb. 26, 2019 on Capitol Hill in Washington. (AP Photo/Kevin Wolf)
February 26, 2019 - 10:52 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell told Congress on Tuesday the U.S. economy should keep expanding at a solid, though somewhat slower pace this year. But he warned of growing risks, including a global slowdown, volatile financial markets and uncertainty about U.S. trade policy...
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February 22, 2019 - 8:30 am
WASHINGTON (AP) — The Federal Reserve said Friday that in light of a slowing global economy and last year's financial market turmoil, the central bank intends to remain "patient" in determining when to make future changes in its benchmark interest rate. The Fed's semi-annual report to Congress on...
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In this Wednesday, Feb. 20, 2019, photo, firefighters and local people help douse a fire in Dhaka, Bangladesh. A devastating fire raced through at least five buildings in an old part of Bangladesh's capital and killed scores of people. (AP Photo/Mahmud Hossain Opu)
February 21, 2019 - 4:28 pm
DHAKA, Bangladesh (AP) — A fire in Bangladesh that killed at least 67 people in the oldest part of the capital shows the lapses in public safety that still plague the South Asian country despite its rapid economic growth. While the government of Prime Minister Sheikh Hasina touts the garment...
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FILE- In this Sunday, Feb. 17, 2019, file photo an unsold 2019 Escape sports-utility vehicles sit in a long row at a Ford dealership in Broomfield, Colo. On Thursday, Feb. 21, the Commerce Department releases its December report on durable goods. (AP Photo/David Zalubowski, File)
February 21, 2019 - 5:49 am
WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods posted a 1.2 percent advance in December, the best showing in four months, but much of the strength came from a surge in orders for commercial aircraft. In a worrisome development, a key category that tracks business...
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The last sunlight is reflected in the facade of the European Central Bank as the sun sets in Frankfurt, Germany, Tuesday, Feb. 19, 2019. (AP Photo/Michael Probst)
February 21, 2019 - 4:53 am
FRANKFURT, Germany (AP) — Top officials of the European Central Bank worried at their last meeting that the slowdown in economic growth might be "deeper and more broad-based" than previously suspected. The written account of the Jan. 24 meeting released Thursday indicated the bank's 25-member rate-...
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FILE - In this March 8, 2018 file photo photo Volkswagen cars are pictured during a final quality control at the Volkswagen plant in Wolfsburg, Germany. Germany's economic growth has stagnated in the last three months of the year. (AP Photo/Michael Sohn, file)
February 14, 2019 - 2:55 am
FRANKFURT, Germany (AP) — Germany narrowly avoided a recession in the fourth quarter, reporting zero growth as foreign trade made little contribution to Europe's largest economy. The result was weaker than the 0.1 percent growth expected by market analysts and added to negative signs piling up...
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February 13, 2019 - 11:24 pm
NICOSIA, Cyprus (AP) — In a story Feb. 13 about Cyprus' toughening eligibility rules for its lucrative scheme to grant passports to wealthy investors, The Associated Press erroneously reported Harris Georgiades' title. He is finance minister, not foreign minister. A corrected version of the story...
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FILE- In this Feb. 5, 2019, file photo trader John Panin works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Monday, Feb. 11. (AP Photo/Richard Drew, File)
February 11, 2019 - 12:35 pm
U.S. stocks veered between small gains and losses in late-afternoon trading Monday as Wall Street nears the end of a relatively strong earnings season and looks ahead to key trade talks between the U.S. and China. Gains in industrial, energy and retail companies outweighed losses in communications...
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Britain's Prime Minister Theresa May talks to journalists after her meeting with European Council President Donald Tusk at the European Council headquarters in Brussels, Thursday, Feb. 7, 2019. (AP Photo/Francisco Seco)
February 11, 2019 - 8:17 am
LONDON (AP) — The British economy has not had a worse year since the global financial crisis and Brexit uncertainty is clearly to blame. The government even admits it. Official figures released Monday showed that a lack of clarity over Brexit weighed on businesses throughout 2018 and kept a lid on...
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Swiss Federal Councillor Guy Parmelin, center, British Secretary of State for International Trade Liam Fox, left, and Liechtenstein's Foreign Minister Aurelia Frick, right, shake hands after signing a trade agreement in Bern, Switzerland, Monday, Feb. 11, 2019. Parmelin and Fox signed a bilateral trade agreement regulating relations between the two countries after the Brexit. Because of the customs treaty with Switzerland, the agreement also applies to Liechtenstein. (Peter Klaunzer/Keystone via AP)
February 11, 2019 - 7:09 am
LONDON (AP) — British Prime Minister Theresa May sought a compromise Monday with opposition leader Jeremy Corbyn in hopes of securing his backing for a divorce deal with the European Union. The political maneuvering comes amid strong signs that uncertainty over Brexit is already clamping down on...
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