Economy

In this Oct. 9, 2019, photo, Joe Schiavone, 81, is seen in his home in West Melbourne, Fla. Schiavone will get a modest cost-of-living increase from Social Security for 2020,a political year in which many Democrats are calling for a boost in basic benefits and a more generous formula to compute annual inflation adjustments. (AP Photo/Mike Brown)
October 10, 2019 - 5:48 am
WASHINGTON (AP) — Millions of retirees will get a modest 1.6% cost-of-living increase from Social Security in 2020, an uptick with potential political consequences in an election year when Democrats are pushing more generous inflation protection. The increase amounts to $24 a month for the average...
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FILE - In this Oct. 12, 2018, file photo, Chairman of Alibaba Group Jack Ma speaks during a seminar in Bali, Indonesia. An annual survey of China’s wealthiest businesspeople found they got richer this year despite a tariff war with Washington and slowing economic growth. The Hurun Report said the net worth of China’s richest 1,800 people rose 10% over 2018 to $1.4 billion. Ma, who retired last month as chairman of e-commerce giant Alibaba, was No. 1 with a fortune of $39 billion. (AP Photo/Firdia Lisnawati, File)
October 10, 2019 - 2:14 am
BEIJING (AP) — China's richest businesspeople got richer in 2019 despite a tariff war with Washington and an economic slowdown, a survey showed Thursday. The average net worth of China's richest 1,800 people rose 10% over 2018 to $1.4 billion, according to the Hurun Report, which tracks the country...
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FILE - In this Aug. 22, 2019, file photo, U.S. Commerce Secretary Wilbur Ross, right, looks on as U.S. Vice President Mike Pence speaks to the media at medical-device manufacturer Merit Medical in South Jordan, Utah. U.S. Secretary of Commerce Wilbur Ross has slammed China’s trade practices and trumpeted America’s economic relationship with Australia amid a festering trade war with Beijing. (AP Photo/Rick Bowmer, File)
October 09, 2019 - 11:37 pm
PERTH, Australia (AP) — U.S. Secretary of Commerce Wilbur Ross slammed China's trade practices and trumpeted America's economic relationship with Australia amid the festering trade war with Beijing. Ross told a business gathering in Sydney on Thursday that President Donald Trump did not want to use...
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Anti-government demonstrators commandeer an armored vehicle during a nationwide strike against President Lenin Moreno and his economic policies , in Quito, Ecuador, Wednesday, Oct. 9, 2019. Ecuador's military has warned people who plan to participate in a national strike over fuel price hikes to avoid acts of violence. The military says it will enforce the law during the planned strike Wednesday, following days of unrest that led Moreno to move government operations from Quito to the port of Guayaquil. (AP Photo/Carlos Noriega)
October 09, 2019 - 4:33 pm
QUITO, Ecuador (AP) — Thousands of protesters staged anti-government rallies Wednesday, seeking to intensify pressure on Ecuador's president after a week of unrest sparked by fuel price hikes. Stone-throwing demonstrators clashed with police using tear gas to fend off crowds, including around the...
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FILE - In this Oct. 4, 2019, file photo Federal Reserve Chairman Jerome Powell attends a panel at the Federal Reserve Board Building in Washington. On Wednesday, Oct. 9, the Federal Reserve releases minutes from its September meeting when it cut interest rates for a second time this year. (AP Photo/Jacquelyn Martin, File)
October 09, 2019 - 11:33 am
WASHINGTON (AP) — Federal Reserve officials were sharply divided last month when they decided to cut their key policy rate for a second time this year, a split that indicates the path forward for future rate cuts remains cloudy. Minutes of the discussion at the September meeting released Wednesday...
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FILE - In this Oct. 2, 2019, file photo traders Daniel Trimble, left, and Timothy Nick work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Oct. 9. (AP Photo/Richard Drew, File)
October 09, 2019 - 7:08 am
NEW YORK (AP) — U.S. stocks moved broadly higher in early trading Wednesday as investors grew more hopeful that the U.S. and China could make some progress in their latest round of trade negotiations. China has reportedly signaled that it is still open to some kind of deal, even if it only...
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Organisation for Economic Co-operation and Development (OECD) Secretary General Angel Gurria gestures during a meeting of German Chancellor Angela Merkel with leaders of international economic and financial organizations at the Chancellery in Berlin, Germany, Tuesday, Oct. 1, 2019. (Hannibal Hanschke/Pool via AP)
October 09, 2019 - 5:41 am
PARIS (AP) — The Organization for Economic Cooperation and Development has proposed a plan to overhaul the way multinationals - particularly tech giants - are taxed to make sure they pay their fair share in countries where they do significant business. The plan from the Paris-based OECD, which...
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Investors rest at a brokerage in Beijing on Wednesday, Oct. 9, 2019. Shares slipped in Asia on Wednesday as tensions between the U.S. and China flared ahead of talks aimed at resolving the trade war between the world's two biggest economies. (AP Photo/Ng Han Guan)
October 09, 2019 - 1:47 am
European shares were mostly higher on Wednesday after benchmarks mostly fell in Asia ahead of talks between the U.S. and China aimed at resolving the trade war between the world's two biggest economies. Adding to jitters over the economic outlook, the new head of the 189-nation International...
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FILE - This Thursday, Dec. 21, 2017 file photo shows the MedMen marijuana dispensary in Los Angeles. Marijuana stocks have come down hard from their highs a year ago, and the skid isn't just spooking investors. On Tuesday, Oct. 8, 2019, MedMen Enterprises Inc., which sells legal cannabis in California and 11 other states, backed out of a blockbuster deal to buy PharmaCann, a Chicago-based marijuana company with operations in eight states. (AP Photo/Richard Vogel, File)
October 08, 2019 - 6:04 pm
LOS ANGELES (AP) — Marijuana stocks have come down hard from their highs a year ago, and the skid isn't just spooking investors. On Tuesday, MedMen Enterprises Inc., which sells legal cannabis in California and 11 other states, backed out of a blockbuster deal to buy PharmaCann, a Chicago-based...
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A man holds a Turkish flag at the border between Turkey and Syria, in Akcakale, Sanliurfa province, southeastern Turkey, Tuesday, Oct. 8, 2019. The Turkey - Syria border has became a hot spot as Turkish Vice President Fuat Oktay said Turkey was intent on combatting the threat of Syrian Kurdish fighters across its border in Syria.(AP Photo/Lefteris Pitarakis)
October 08, 2019 - 4:06 pm
WASHINGTON (AP) — In a span of 24 hours, President Donald Trump moved from threatening to obliterate Turkey's economy if it invades Syria to inviting its president to visit the White House. But Trump did not back away Tuesday from a plan to withdraw American troops from Syria as he tried to...
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