Economy

FILE- In this Jan. 24, 2019, file photo, Zakiyyah Askia, a plumbing apprentice in a program run by the nonprofit Chicago Women in Trades, welds pipes at a high rise residence under construction in Chicago. On Friday, May 3, the Institute for Supply Management, a trade group of purchasing managers, issues its index of non-manufacturing activity for April. (AP Photo/Teresa Crawford, File)
May 03, 2019 - 8:40 am
U.S. service companies grew at a slower pace in April, as business activity generally showed a leveling off. The Institute for Supply Management, an association of purchasing managers, reported Friday that its service index fell to 55.5% last month, down from 56.1% in March. Any reading above 50...
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FILE - In this March 7, 2019, photo visitors to the Pittsburgh veterans job fair meet with recruiters at Heinz Field in Pittsburgh. On Friday, May 3, the U.S. government issues the April jobs report. (AP Photo/Keith Srakocic, File)
May 03, 2019 - 8:40 am
WASHINGTON (AP) — U.S. employers added a robust 263,000 jobs in April, suggesting that businesses have shrugged off earlier concerns that the economy might slow this year and now anticipate strong customer demand. The unemployment rate fell to a five-decade low of 3.6% from 3.8%, though that drop...
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People pose for a photo with a statue of a bull along a shopping street in Beijing, Friday, May 3, 2019. Benchmarks in Asia were mixed with thin trading on Friday after a discouraging day on Wall Street. News reports highlighting obstacles in the way of a China-U.S. trade deal also weighed on sentiment. (AP Photo/Mark Schiefelbein)
May 03, 2019 - 4:27 am
SINGAPORE (AP) — Global markets advanced on Friday and Wall Street was headed for gains as traders eyed the release of U.S. jobs data for April. Germany's DAX was up 0.3% to 12,384 and the CAC 40 in France gained 0.2% to 5,550. Britain's FTSE 100 index rose 0.8% to 7,409, after a private survey...
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Former Vice President and Democratic presidential candidate Joe Biden speaks during a rally, Wednesday, May 1, 2019, in Des Moines, Iowa. (AP Photo/Charlie Neibergall)
May 02, 2019 - 1:48 pm
WASHINGTON (AP) — Former Vice President Joe Biden touts his foreign policy credentials as key to his 2020 presidential campaign, but his emphasis gives new life to some old fault lines in Democratic politics. Some of his more liberal rivals are giving voice to progressive foreign policy advocates...
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FILE - In this Sept. 1, 2014 file photo, people put their luggage in a private taxi as they arrive from the U.S. to the Jose Marti International Airport in Havana, Cuba. In 1958, the father of José Ramón López owned Cuba's main airport, its national airline and three small hotels. All were taken in Cuba's socialist revolution. Starting Thursday, they will be able to file lawsuits against European and American companies doing business on their former properties, thanks to the Trump administration's decision to activate a provision of the U.S. embargo on Cuba with the potential to affect foreign investment in Cuba for many years to come. (AP Photo/Ramon Espinosa, File)
May 02, 2019 - 1:28 pm
MIAMI (AP) — In 1958, José Ramón López's father owned Cuba's main airport, its national airline and three small hotels. Conchita Beltrán's family had about 2,160 acres (874 hectares) of sugar and tobacco fields. And the families of Mickael Behn and Javier García Bengochea had docks in Havana and...
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FILE - In this Thursday, June 28, 2018, file photo, President Donald Trump, left, takes a tour of Foxconn with Foxconn chairman Terry Gou in Mt. Pleasant, Wis. Gou says the Taiwanese company is moving forward with its plan to build a manufacturing facility in Wisconsin and President Donald Trump has promised to visit when production starts next year. Gou met with Trump on Wednesday to discuss the ever-changing project. Foxconn, the world's largest electronics company whose customers include Apple, Amazon and Google, plans to build a display screen factory in southeast Wisconsin. (AP Photo/Evan Vucci, File)
May 02, 2019 - 12:49 pm
MADISON, Wis. (AP) — Foxconn Technology Group leader Terry Gou met privately with Wisconsin Gov. Tony Evers for the first time on Thursday, a day after Gou recommitted to a massive project in the state following a White House meeting with President Donald Trump. Questions about Foxconn's commitment...
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FILE- In this Feb. 20, 2019, file photo a coming soon for sale sign sits in front of a home in the Dallas suburb of Richardson, Texas. On Thursday, May 2, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/LM Otero, File)
May 02, 2019 - 7:27 am
WASHINGTON (AP) — U.S. long-term mortgage rates fell this week after four weeks of increases, giving a boost to prospective home buyers during the spring sales season. Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage dropped to 4.14% from 4.20% last week. By...
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FILE- In this Jan. 28, 2019, file photo a container ship is unloaded at the Port of Oakland in Oakland, Calif. On Thursday, May 2, the Labor Department issues revised data on productivity in the first quarter. (AP Photo/Ben Margot, File)
May 02, 2019 - 5:59 am
WASHINGTON (AP) — U.S. productivity grew at a solid 3.6% rate in the first three months of this year, the strongest quarterly gain in more than four years and a hopeful sign that a long stretch of weak productivity gains may be coming to an end. The first quarter increase in productivity was more...
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May 02, 2019 - 5:18 am
LONDON (AP) — The British economy is likely to weaken as firms ease up on Brexit preparations now that the departure from the European Union has been delayed by months, the Bank of England said Thursday. In forecasts published alongside the unanimous decision to keep the main interest rate at 0.75...
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An investor stands in front of stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Thursday, May 2, 2019. Asian stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was possible this year. Trading was light as markets in Japan and mainland China were closed. (AP Photo/Annice Lyn)
May 02, 2019 - 4:40 am
SINGAPORE (AP) — World stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was likely this year. As European traders returned from the May Day holiday, France's CAC 40 lost 0.4% to 5,561 while Germany's DAX...
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