Economy

April 29, 2019 - 5:37 am
WASHINGTON (AP) — U.S. consumer spending surged 0.9% in March, the biggest gain in nearly a decade, as inflation pressures remain non-existent. The Commerce Department said Monday that the March gain was the biggest monthly increase since August 2009. That's a marked improvement after three months...
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People walk past an electronic board showing Hong Kong share index outside a bank in Hong Kong, Monday, April 29, 2019. Asian stock markets were mixed Monday as investors looked ahead to U.S.-Chinese trade talks and the Federal Reserve’s update on its U.S. interest rate outlook. (AP Photo/Kin Cheung)
April 29, 2019 - 4:43 am
BEIJING (AP) — Global stock markets were mostly lower Monday as investors looked ahead to U.S.-Chinese trade talks and the Federal Reserve's update on its U.S. interest rate outlook. Benchmarks in Europe were weighed down after an EU Commission index of economic sentiment fell to a 31-month low...
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FILE - In this Nov. 13, 2018 file photo, Jihad Azour, the International Monetary Fund's Mideast and Central Asia department director, gives a press conference in Dubai, United Arab Emirates. In a new outlook report issued Monday, April 29, 2019, the IMF said that political uncertainty and volatile oil prices are weighing heavily on economic growth in the Middle East this year. A closer look, however, shows sharp variations from country to country. (AP Photo/Kamran Jebreili, File)
April 28, 2019 - 11:02 pm
DUBAI, United Arab Emirates (AP) — Political uncertainty and volatile oil prices are weighing heavily on economic growth in the Middle East this year, according to a new report released Monday by the International Monetary Fund. The report, which looks at the economies of 23 countries spanning...
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April 28, 2019 - 10:40 pm
A survey of corporate economists predicts the economy will expand over the next year, although the pace of growth will decline and employers are facing pressure to raise wages, spend more on worker training and automate tasks because of the low unemployment rate. Just 53% of the economists polled...
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People walk past an electronic board showing Hong Kong share index outside a bank in Hong Kong, Monday, April 29, 2019. Asian stock markets were mixed Monday as investors looked ahead to U.S.-Chinese trade talks and the Federal Reserve’s update on its U.S. interest rate outlook. (AP Photo/Kin Cheung)
April 28, 2019 - 8:55 pm
BEIJING (AP) — Asian stock markets were mixed Monday as investors looked ahead to U.S.-Chinese trade talks and the Federal Reserve's update on its U.S. interest rate outlook. Benchmarks in Hong Kong and Seoul advanced, while Shanghai and Sydney declined. Japanese markets were closed for a holiday...
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FILE - In this March 21, 2018, file photo Nancy Pelosi of Calif., and Senate Majority Leader Mitch McConnell of Ky., attend a Congressional Gold Medal Ceremony honoring the Office of Strategic Services in Emancipation Hall on Capitol Hill in Washington. Pelosi and McConnell are coming together to see if a deal can be made to stop billions of dollars in government spending cuts. Failure to reach an agreement would usher in cuts to the Pentagon and domestic programs of $125 billion next year _ a 10 percent drop from current levels.(AP Photo/Andrew Harnik, File)
April 28, 2019 - 4:59 am
WASHINGTON (AP) — House Speaker Nancy Pelosi and top Senate Republican Mitch McConnell are coming together to see if a deal can be made to stop billions of dollars in government spending cuts. Failure to reach an agreement would usher in cuts to the Pentagon and domestic programs of $125 billion...
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President Donald Trump arrives at a rally at Resch Center Complex in Green Bay, Wis., Saturday, April 27, 2019. (AP Photo/Andrew Harnik)
April 27, 2019 - 7:45 pm
GREEN BAY, Wis. (AP) — President Donald Trump boasted of a strong economy and criticized his Democratic presidential opponents Saturday night as he rallied supporters with familiar themes. Trump pointed to the economy's 3.2% growth in the first quarter before drawing even more applause by citing...
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In this April 2, 2019, photo, a visitor rides a virtual roller coaster ride operated by a robotic arm in a VR theme park in Nanchang, China. One of the largest virtual reality theme parks in the world has opened its doors in southwestern China, sporting 42 rides and exhibits from VR bumper cars to VR shoot-em-ups. It's part of an effort by Beijing to get ordinary people excited about the technology - part of a long-term bet that VR will come into widespread use. (AP Photo/Dake Kang)
April 27, 2019 - 7:40 pm
NANCHANG, China (AP) — Enthusiasm for VR has cooled after years of hype, but China's leaders are trying to drum up excitement and take the lead in a technology they expect eventually will be used widely. To coax homegrown entrepreneurs into taking the plunge, the government is educating students,...
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President Donald Trump arrives to speak to the annual meeting of the National Rifle Association, Friday, April 26, 2019, in Indianapolis. (AP Photo/Evan Vucci)
April 26, 2019 - 3:34 pm
INDIANAPOLIS (AP) — In a largely symbolic gesture to a group that helped him win the White House, President Donald Trump said Friday he is pulling the U.S. back from an international agreement on the arms trade, telling the National Rifle Association the treaty is "badly misguided." Trump made the...
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FILE - In this March 6, 2019, file photo, container ships docked at the Port of Oakland wait to be unloaded in Oakland, Calif. The U.S. economy shook off fears of a sharp slowdown in the first quarter of the year and grew at a solid pace, suggesting the nearly decade-long expansion still has a ways to go. (AP Photo/Ben Margot, File)
April 26, 2019 - 1:13 pm
WASHINGTON (AP) — The worries that hung ominously over the U.S. economy early this year appear to have lifted. And that sunnier picture has helped bolster confidence in the stock market — driving the benchmark S&P 500 index to another record high Friday. The latest dose of encouragement came in...
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