Economy

FILE - In this Jan. 12, 2019 file photo, a motorcyclist rides near the SpaceX prototype Starship hopper at the Boca Chica Beach site in Texas. SpaceX says it will build its Mars spaceship in south Texas instead of the Port of Los Angeles, dealing another blow to the local economy only days after the company announced massive layoffs. The Southern California-based company announced Wednesday, Jan. 16, 2019 that test versions of its Starship and Super Heavy rocket will be assembled at its Texas launch facility in a move to streamline operations. (Miguel Roberts/The Brownsville Herald via AP, File)
January 16, 2019 - 6:19 pm
HAWTHORNE, Calif. (AP) — SpaceX said Wednesday that it will build test versions of its Mars spaceship in south Texas instead of the Port of Los Angeles in another blow to the local economy that comes days after the company announced massive layoffs. The decision was made to streamline operations,...
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January 16, 2019 - 4:30 pm
COLOMBO, Sri Lanka (AP) — Sri Lanka is considering a $300 million loan offer from the Bank of China as it prepares to repay foreign debts this year, a Finance Ministry official said. The government has appointed a three-member committee to negotiate the deal, according to Finance Ministry spokesman...
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nullFILE- In this Jan. 11, 2019, file photo, specialist Gregg Maloney works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Jan. 16. (AP Photo/Richard Drew, File)
January 16, 2019 - 1:43 pm
NEW YORK (AP) — Banks surged Wednesday following strong results from a slew of financial companies, and U.S. stock indexes finished broadly higher. Concerns about trade tensions between the U.S. and China derailed a bigger gain. Financial and investment companies surged as fourth-quarter reports...
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FILE - In this Nov. 14, 2018 file photo, the shadow of a worker falls on a fence at the construction site of a convenience store in Victorville, Calif. On Wednesday, Jan. 16, 2019, the Federal Reserve releases its latest "Beige Book" survey of economic conditions. The Beige Book is based on anecdotal reports from businesses and will be considered along with other data when Fed policymakers meet next. (James Quigg/The Daily Press via AP, File)
January 16, 2019 - 1:41 pm
WASHINGTON (AP) — The Federal Reserve said Wednesday business contacts in many regions of the country are expressing less optimism amid a host of adverse developments, from plunging stock prices to uncertainty about a widening trade war. In its latest report on economic conditions around the...
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Members of Kenyan special forces at the scene of an attach by an extremist gunman Wednesday, Jan. 16, 2019 in Nairobi, Kenya. Extremists stormed a luxury hotel in Kenya's capital on Tuesday, setting off thunderous explosions and gunning down people at cafe tables in an attack claimed by Africa's deadliest Islamic militant group. (AP Photo/Khalil Senosi)
January 16, 2019 - 1:33 pm
NAIROBI, Kenya (AP) — The Latest on the extremist attack on a hotel complex in Nairobi, Kenya (all times local): 12:35 a.m. The al-Shabab extremist group says the deadly attack in Kenya is in response to U.S. President Donald's Trump's decision to recognize Jerusalem as Israel's capital. A...
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Children use a deserted market stall into an exercise bench as business came to a standstill on the third day of protests over the hike in fuel prices in Harare, Zimbabwe, Wednesday, Jan. 16, 2019. Streets are deserted in Harare on Wednesday as a general strike continues for a third day to protest the government's decision to more than double the price of fuel. (AP Photo/Tsvangirayi Mukwazhi)
January 16, 2019 - 12:52 pm
HARARE, Zimbabwe (AP) — The Latest on Zimbabwe protests (all times local): 10:50 p.m. In a grim recounting, the Zimbabwe Association of Doctors for Human Rights says it has treated 68 cases of gunshot wounds amid a government crackdown on protests over a fuel price hike. Its statement reports more...
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Britain's Prime Minister Theresa May speaks during Prime Minister's Questions in the House of Commons, London, Wednesday Jan. 16, 2019. In a historic defeat for the government Tuesday, Britain's Parliament discarded May's Brexit deal to split from the European Union, and May now faces a parliamentary vote of no-confidence later Wednesday. (House of Commons/PA via AP)
January 16, 2019 - 11:10 am
LONDON (AP) — British Prime Minister Theresa May defied calls to resign as she faced a no-confidence vote Wednesday, a day after Parliament rejected her Brexit deal by a historic margin and unleashed a power struggle over control of Britain's planned withdrawal from the European Union. May was...
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In this image provided by Karen Pulfer Focht, Doug Ketchum and his wife Mary pose with their daughter Stacie as their Memphis liquor store, Kimbrough Wine & Spirits. The U.S. Supreme Court is set to hear a dispute over Tennessee’s residency requirements for liquor store owners. Doug and Mary Ketchum moved from Utah to Memphis and say Tennessee makes it almost impossible for someone to break into the liquor business from out of state. (Karen Pulfer Focht)
January 16, 2019 - 10:56 am
WASHINGTON (AP) — The Supreme Court appeared ready Wednesday to strike down a Tennessee provision that requires people to live in the state for two years before obtaining a license to sell alcohol. Several justices said the restriction unconstitutionally discriminates against out-of-state economic...
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January 16, 2019 - 3:55 am
SAN JUAN, Puerto Rico (AP) — Dozens of protesters crowded outside a federal courthouse in Puerto Rico on Wednesday as a judge prepared to hear a major debt restructuring case that critics say will only further indebt the U.S. territory if approved. The hearing involves more than $17 billion worth...
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An anti-Brexit demonstrator cries as he gathers in Parliament square in London, Tuesday, Jan. 15, 2019. British lawmakers have rejected Prime Minister Theresa May's Brexit deal by a huge margin, plunging U.K. politics into crisis 10 weeks before the country is due to leave the European Union. The House of Commons voted 432 -202 on Tuesday against the deal struck between Britain's government and the EU in November. (AP Photo/Frank Augstein)
January 15, 2019 - 5:36 pm
LONDON (AP) — The Latest on Britain's exit from the European Union (all times local): 10:15 p.m. French President Emmanuel Macron is casting doubt on chances the European Union will renegotiate Britain's exit deal after British lawmakers roundly rejected the one their government reached with the EU...
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