Economy

FILE - In this July 18, 2018, file photo a "now hiring" sign hangs in the window of a Chinese restaurant in downtown Fargo, N.D. A U.S. Chamber of Commerce-MetLife survey released last week found that 28% of small businesses plan to increase their staffs in the next year, down slightly from 29% in the first quarter. (AP Photo/David Zalubowski, File)
June 17, 2019 - 10:44 am
NEW YORK (AP) — Small business owners, their eye on the economy, are playing it even safer when it comes to hiring. A U.S. Chamber of Commerce-MetLife survey released last week found that 28% of small businesses plan to increase their staffs in the next year, down slightly from 29% in the first...
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FILE - In this June 4, 2019, file photo Federal Reserve Chairman Jerome Powell speaks at a conference involving its review of its interest-rate policy strategy and communications in Chicago. On Wednesday, June 19, the Federal Reserve releases its latest monetary policy statement and updated economic projections. (AP Photo/Kiichiro Sato, File)
June 17, 2019 - 8:59 am
WASHINGTON (AP) — Jerome Powell has tantalized the financial world with the prospect that the Federal Reserve he leads may soon cut interest rates for the first time in over a decade. Probably not quite yet, though. When the Fed issues a policy statement Wednesday and Powell holds a news conference...
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Huawei founder Ren Zhengfei speaks at a roundtable at the telecom giant's headquarters in Shenzhen in southern China on Monday, June 17, 2019. Huawei's founder has likened his company to a badly damaged plane and says revenues will be $30 billion less than forecast over the next two years. (AP Photo/Dake Kang)
June 17, 2019 - 8:56 am
SHENZHEN, China (AP) — Huawei's founder said Monday that the Chinese telecom giant's revenue will be $30 billion less than forecast over the next two years, as he compared the company to a "badly damaged plane" as a result of U.S. government actions against it. "We never thought that the U.S.'s...
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FILE - This Dec. 4, 2017, file photo shows the Pfizer company logo at the company's headquarters in New York. Pfizer is buying the cancer treatment company Array BioPharma in a deal worth $11.4 billion. Array has a combination therapy for BRAF-mutant metastatic melanoma, along with a pipeline of targeted cancer medicines in development and a portfolio of other medicines that are expected to generate significant royalties over time. (AP Photo/Richard Drewm Fuke, File)
June 17, 2019 - 5:28 am
NEW YORK (AP) — Pfizer is delving deeper into cancer research with a roughly $11.4 billion deal for Array BioPharma, a drug developer that has seen its shares soar since announcing positive clinical trial results earlier this spring. Pfizer said Monday it will pay $48 per share in cash for Array,...
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A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, June 17, 2019. Asian shares were mostly higher Monday amid a wait-and-see attitude about the direction of interest rates and the trade dispute between the U.S. and China. (AP Photo/Eugene Hoshiko)
June 17, 2019 - 5:14 am
LONDON (AP) — Global stock markets traded in fairly narrow ranges Monday as investors awaited a run of interest rate decisions, notably from the U.S. Federal Reserve, and more clarity over the trade dispute between the U.S. and China. The week will likely be dominated by central banks with those...
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FILE - This April 2017, file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)
June 17, 2019 - 4:20 am
Many people worry about running out of money in retirement. That's understandable, since we don't know how long we'll live, what your future costs might be and what kind of returns we can expect on our savings. There are several ways, however, to boost the odds that your money will last as long as...
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FILE - In this June 6, 2019, file photo specialist Anthony Rinaldi, left, and trader Fred DeMarco work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, June 14. (AP Photo/Richard Drew, File)
June 16, 2019 - 7:40 pm
TOKYO (AP) — Asian shares were mostly higher Monday amid a wait-and-see attitude about the direction of interest rates and the trade dispute between the U.S. and China. Japan's benchmark Nikkei 225 gained 0.3% to 21,170.63 in morning trading. Australia's S&P/ASX 200 lost 0.3% to 6,535.50, while...
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In this June 13, 2019 photo, a migrant woman sleeps on a cot inside the Portland Exposition Building in Portland, Maine. Maine's largest city has repurposed the basketball arena as an emergency shelter in anticipation of hundreds of asylum seekers who are headed to the state from the U.S. southern border. Most are arriving from Congo and Angola. (AP Photo/Elise Amendola)
June 16, 2019 - 6:28 pm
PORTLAND, Maine (AP) — Undaunted by a dangerous journey over thousands of miles, people fleeing economic hardship and human rights abuses in African countries are coming to the U.S.-Mexico border in unprecedented numbers, surprising Border Patrol agents more accustomed to Spanish-speaking migrants...
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Technicians of Edenor electricity company stand under the rain as they work to fix a generator during a blackout in Buenos Aires, Argentina, Sunday, June 16, 2019. A massive blackout left tens of millions of people without electricity in Argentina, Uruguay and Paraguay on Sunday in what the Argentine president called an “unprecedented” failure in the countries’ power grid. (AP Photo/Tomas F. Cuesta)
June 16, 2019 - 5:26 pm
BUENOS AIRES, Argentina (AP) — A massive blackout left tens of millions of people without electricity in Argentina, Uruguay and Paraguay on Sunday in what the Argentine president called an "unprecedented" failure in the countries' power grid. Authorities were working frantically to restore power,...
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Mariners from the MT Front Altair arrive at Dubai International Airport in Dubai, United Arab Emirates, on Saturday, June 15, 2019, after spending two days in Iran. Associated Press journalists saw the crew members of the MT Front Altair on Saturday night after their Iran Air flight from Bandar Abbas, Iran, landed in Dubai in the United Arab Emirates. The Norwegian-owned oil tanker was attacked Thursday, June 13 in the Gulf of Oman. The U.S. has accused Iran of attacking the Front Altair and another oil tanker with limpet mines. Iran has denied the allegations. (AP Photo/Jon Gambrell)
June 15, 2019 - 8:23 pm
DUBAI, United Arab Emirates (AP) — Crew members from a Norwegian-owned oil tanker apparently attacked in the Gulf of Oman landed Saturday in Dubai after two days in Iran as the other tanker targeted in the assault limped into anchorage off the eastern coast of the United Arab Emirates. Both the...
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