Economy

A man looks at his smartphone near a display showing stock prices at a brokerage house in Shanghai Monday, May 6, 2019. China's benchmark Shanghai Composite index dives on U.S. President Donald Trump threat of more China tariffs. At right is a reflection off a display board. (AP Photo)
May 07, 2019 - 3:09 pm
WASHINGTON (AP) — Heightened trade tensions between the United States and China are spooking financial markets and putting a chill on prospects for the global economy. Chinese officials are heading to Washington to try to salvage negotiations aimed at breaking an impasse between the world's two...
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FILE - In this April 11, 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. EDT on Tuesday, May 7. (AP Photo/Richard Drew, File)
May 07, 2019 - 1:38 pm
The Dow Jones Industrial Average tumbled more than 470 points Tuesday amid a broad sell-off on Wall Street as the U.S. and China moved closer to an escalation of their already costly trade war. The U.S. was set to impose higher tariffs on China on Friday, a day after representatives from both...
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FILE - In this April 11, 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. EDT on Tuesday, May 7. (AP Photo/Richard Drew, File)
May 07, 2019 - 1:13 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. An escalating showdown between the U.S. and China over trade sent shudders through the stock market, handing the S&P 500 is biggest loss since late March. Technology and industrial stocks, which do a lot...
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File - In this Jan. 15, 2017 file photo, a Palestinian family warm up outside their makeshift house during a power cut in Khan Younis in the southern Gaza Strip. Qatar's Foreign Ministry said Tuesday, May 7, 2019, that it will send $480 million to Palestinians in the West Bank and the Gaza Strip after a cease-fire deal ended the deadliest fighting between Israel and Palestinian factions since a 2014 war. A statement from Qatar said $300 million would support health and education programs of the Palestinian Authority, while $180 million would go toward "urgent humanitarian relief" in United Nations programs and toward electricity. (AP Photo/ Khalil Hamra, File)
May 07, 2019 - 9:38 am
DUBAI, United Arab Emirates (AP) — Qatar on Tuesday said it is sending $480 million to Palestinians in the West Bank and the Gaza Strip after a cease-fire deal ended the deadliest fighting between Israel and Palestinian militants since a 2014 war. Qatar's Foreign Ministry said $300 million would...
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FILE - In this Feb. 2, 2017 file photo, Mexican tomatoes are displayed for sale at a produce stand in Mercado Medellin in Mexico City. Mexico’s Economy Department said Tuesday, May 7, 2019 that U.S. consumers could pay 38% to 70% more for tomatoes after the U.S. Commerce Department announced it would re-impose anti-dumping duties of 17.5% on Mexican imports. (AP Photo/Rebecca Blackwell, File)
May 07, 2019 - 9:06 am
MEXICO CITY (AP) — Mexico's Economy Department says U.S. consumers could pay 38% to 70% more for tomatoes after the U.S. Commerce Department announced it would re-impose anti-dumping duties on Mexican imports. The Mexican agency says the country exports about $2 billion in tomatoes to the United...
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FILE - In this Wednesday, May 1, 2019, file photo, members of U.S. and China delegation led by Chinese Vice Premier Liu He, U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer, stand for a group photo session after their meeting at the Diaoyutai State Guesthouse in Beijing. Chinese envoys are preparing to travel to the United States for trade talks, a government spokesman said Monday, May 6, 2019, suggesting negotiations on ending a bruising tariff war will proceed despite President Donald Trump's threat to raise import taxes. (AP Photo/Andy Wong, Pool, File)
May 07, 2019 - 8:35 am
BEIJING (AP) — Efforts to end a U.S.-China trade war are in shambles after the United States accused China of reneging on its commitments and prepared to raise import taxes on $200 billion worth of Chinese goods. A Chinese delegation is headed to Washington to salvage talks aimed at resolving a...
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In this March 1, 2019, photo signs for employment opportunities are posted at an exit ramp off of Interstate 79 in Zelienople, Pa. On Tuesday, May 7, the Labor Department reports on job openings and labor turnover for March. (AP Photo/Keith Srakocic)
May 07, 2019 - 7:42 am
WASHINGTON (AP) — U.S. employers advertised almost 7.5 million jobs at the end of March, a solid figure that signals hiring will likely remain strong in the months ahead. The Labor Department says job openings rose 4.8% from the previous month, while the number of people quitting their jobs slipped...
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European Commissioner for Economic and Financial Affairs Pierre Moscovici talks to European Commissioner for Energy Union Maros Sefcovic prior a College of Commissioners meeting at the European Commission headquarters in Brussels, Tuesday, May 7, 2019. (AP Photo/Francisco Seco)
May 07, 2019 - 5:13 am
FRANKFURT, Germany (AP) — The European Union's executive commission has trimmed its forecast for eurozone growth this year and next as uncertainty over trade conflicts and continued weakness in the auto industry hold back output. The commission lowered its outlook for growth this year in the 19...
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US commerce secretary Wilbur Ross speaks at the 11th Trade Winds Business Forum and Mission hosted by the US Department of Commerce, in New Delhi, India, Tuesday, May 7, 2019. Top executives of more than 100 U.S. companies are visiting India to meet with government leaders, market experts and potential business partners to boost reciprocal trade. (AP Photo/Manish Swarup)
May 07, 2019 - 3:43 am
NEW DELHI (AP) — U.S. Commerce Secretary Wilbur Ross says American technologies and expertise can play an important role in developing India's economy, but are facing significant barriers to accessing its markets. Ross told a gathering of business leaders in New Delhi on Tuesday that foreign...
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FILE - In this March 21, 2018 file photo, people walk past the gate of the Eastern Industrial Zone in Ethiopia in the town of Dukem near the capital, Addis Ababa. Ethiopian garment factory workers are now, on average, the lowest paid in any major garment-producing company worldwide, a new report said Tuesday, May 7, 2019. (AP Photo/Elias Meseret, File)
May 07, 2019 - 1:48 am
ADDIS ABABA, Ethiopia (AP) — Ethiopian garment factory workers are now, on average, the lowest paid in any major garment-producing company worldwide, a new report says. The report by the New York University Stern Center for Business and Human Rights comes as Ethiopia, one of Africa's fastest-...
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