Economy

Counselor to the President Kellyanne Conway speaks to members of the media outside of the West Wing on the North Lawn of the White House in Washington, Wednesday, Aug. 7, 2019. (AP Photo/Andrew Harnik)
August 20, 2019 - 5:44 am
WASHINGTON (AP) — The "fundamentals" of the U.S. economy are solid, the White House asserted, invoking an ill-fated political declaration of a decade ago amid mounting concern that a recession could imperil President Donald Trump's reelection. Exhibiting no such concern, senior adviser Kellyanne...
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A woman walks by an electronic stock board of a securities firm in Tokyo, Tuesday, Aug. 20, 2019. Asian shares were mostly higher Tuesday after Wall Street rallied on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. (AP Photo/Koji Sasahara)
August 20, 2019 - 5:08 am
TOKYO (AP) — Global shares were mixed Tuesday after rallying a day earlier on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. Markets around the world have been swinging back and forth for months on incremental developments in the U.S...
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August 20, 2019 - 4:30 am
Home Depot cut its sales expectations for the year as lumber prices slid and the company braces for the potential impact of tariffs on its customers. The Trump administration delayed most of the tariffs it planned to impose on Chinese goods last week and dropped others altogether, responding to...
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Huawei's founder Ren Zhengfei, looks on during an interview at the Huawei campus in Shenzhen in Southern China's Guangdong province on Tuesday, Aug. 20, 2019. Ren said he expects no relief from U.S. export curbs due to the political climate in Washington but expresses confidence the company will thrive with its own technology. (AP Photo/Ng Han Guan)
August 20, 2019 - 4:29 am
SHENZHEN, China (AP) — The founder of Chinese tech giant Huawei said Tuesday he expects no relief from U.S. export curbs due to the political climate in Washington but expressed confidence the company will thrive because it is developing its own technology. Ren Zhengfei also said he doesn't want...
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A woman walks by an electronic stock board of a securities firm in Tokyo, Tuesday, Aug. 20, 2019. Asian shares were mostly higher Tuesday after Wall Street rallied on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. (AP Photo/Koji Sasahara)
August 19, 2019 - 9:01 pm
TOKYO (AP) — Asian shares were mostly higher Tuesday after Wall Street rallied on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. That decision appeared to inspire a buying mood among investors eager for any signs of progress in the...
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FILE - In this April 10, 2019, photo JPMorgan Chase chairman and CEO Jamie Dimon testifies before the House Financial Services Committee during a hearing on Capitol Hill in Washington. A group of influential CEOs, which included Dimon, is changing its view on corporations, saying it’s no longer just about shareholders. The Business Roundtable said Monday, Aug. 19, that its new statement on “the purpose of a corporation” emphasizes that all stakeholders are important, which includes workers, suppliers, customers and the communities their businesses are in. (AP Photo/Patrick Semansky, File)
August 19, 2019 - 5:48 pm
The "shareholder comes first" has for years been the mantra of the Business Roundtable, a group that represents the most powerful CEOs in America and their thinking. The group's new principles on the role of a corporation released Monday imply a foundational shift, putting shareholders on more...
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FILE - In this Tuesday, Feb. 12, 2019 file photo, the sun sets over the city of Frankfurt with the buildings of the banking district. Germany, Europe's industrial powerhouse and biggest economy, with companies like Volkswagen, Siemens and BASF, may be entering a recession, according to a gloomy report from the country's central bank Monday, August 19, 2019. (AP Photo/Michael Probst, File)
August 19, 2019 - 12:20 pm
BERLIN (AP) — Germany, Europe's industrial powerhouse and biggest economy, with companies like Volkswagen, Siemens and BASF, may be entering a recession, according to a gloomy report from the country's central bank Monday — a development that could have repercussions for the rest of the eurozone...
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FILE - In this Aug. 1, 2019, file photo U.S. Commerce Secretary Wilbur Ross attends a meeting of the 17th Latin American Infrastructure Leadership Forum, in Brasilia, Brazil. The U.S. government gave chipmakers and technology companies a 90-day extension to sell products to technology giant Huawei. (AP Photo/Eraldo Peres, File)
August 19, 2019 - 10:54 am
The Trump administration has extended a limited reprieve on U.S. technology sales to Huawei, even as questions remain over how much of an effect broader sanctions are having on the Chinese technology giant. Huawei has become enmeshed in the trade war between Washington and Beijing, with President...
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President Donald Trump speaks with reporters before boarding Air Force One at Morristown Municipal Airport in Morristown, N.J., Sunday, Aug. 18, 2019. (AP Photo/Patrick Semansky)
August 19, 2019 - 10:37 am
WASHINGTON (AP) — A strong majority, 74%, of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump's economic policies that they expect a recession in the U.S. by the end of 2021. The economists surveyed by the National Association for Business...
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August 19, 2019 - 9:31 am
NEW YORK (AP) — The latest on developments in financial markets (all times local): 11:45 a.m. Stocks are moving solidly higher in midday trading on Wall Street led by gains in technology companies. Chipmakers and other tech stocks were doing well Monday after the U.S. gave Chinese telecom giant...
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