Economy

FILE - In this March 27, 2019, file photo cashier Edward Kelliher sells lottery tickets at the Lotto Store at Primm just inside the California border near Primm, Nev. On Wednesday, June 5, the Institute for Supply Management, a trade group of purchasing managers, issues its index of non-manufacturing activity for May. (AP Photo/John Locher, File)
June 05, 2019 - 7:12 am
WASHINGTON (AP) — U.S. service companies expanded at stronger pace in May, driven in part by an increase in employment and business activity. The Institute for Supply Management, an association of purchasing managers, reported Wednesday that its service index rose to 56.9 last month, up from 55.5...
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European Commissioner for Euro and Social Dialogue Valdis Dombrovskis speaks during a media conference at EU headquarters in Brussels, Wednesday, June 5, 2019. European Commissioners met in Brussels on Wednesday for their routine weekly college session, with talks focusing on EU economic forecasts and notably Italy's failure to control its debt. (AP Photo/Virginia Mayo)
June 05, 2019 - 5:16 am
BRUSSELS (AP) — The European Commission recommended Wednesday that legal action be launched against Italy because it failed to respect EU debt rules last year and is likely to do so again in 2019 and 2020, setting up a new confrontation with the populist government in Rome. In coming weeks, EU...
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A worker wipes a dog sculpture outside a luxury fashion boutique under construction at the capital city's popular shopping mall in Beijing, Wednesday, June 5, 2019. Amid the trade war with the United States, Chinese President Xi Jinping is expressing confidence in the resilience of the Chinese economy. (AP Photo/Andy Wong)
June 05, 2019 - 2:41 am
BEIJING (AP) — Chinese President Xi Jinping is talking up the Chinese economy's resilience as he heads to Moscow for a state visit affirming increasingly close ties between the former Cold War rivals. In interviews published Wednesday, Xi told Russian journalists Chinese consumer demand is driving...
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June 05, 2019 - 1:26 am
LONDON (AP) — A closely watched survey shows that the eurozone economy picked up a little bit of steam in May to expand at a three-month high rate. Financial information firm IHS Markit said Wednesday that its purchasing managers index — a broad gauge of economic activity across manufacturing and...
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Mexico's President Andrés Manuel López Obrador says Mexico will not respond to U.S. President Donald Trump's threat of coercive tariffs with desperation, but instead push for dialogue, during his daily morning press conference at the National Palace, in Mexico City, Friday, May 31, 2019. (AP Photo/Ginnette Riquelme)
June 05, 2019 - 1:13 am
MEXICO CITY (AP) — Facing possible crippling tariffs U.S. President Donald Trump is threatening to impose on the United States' biggest trading partner, Mexican President Andrés Manuel López Obrador has responded with calm and calls for continued friendship, and avoided strong language that could...
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A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Wednesday, June 5, 2019. Shares surged Wednesday in Asia following a rally on Wall Street spurred by signs the Federal Reserve is ready to cut interest rates to support the U.S. economy against risks from escalating trade wars.(AP Photo/Eugene Hoshiko)
June 05, 2019 - 12:11 am
BANGKOK (AP) — Shares surged Wednesday in Asia following a rally on Wall Street spurred by signs the Federal Reserve is ready to cut interest rates to support the U.S. economy against risks from escalating trade wars. But most markets gave back some gains after the World Bank said it was...
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FILE - In this May 30, 2019, file photo trader John Doyle works on the floor of the New York Stock Exchange. U.S. stocks headed broadly higher in early trading Tuesday, June 4, on Wall Street after comments from Mexico's foreign minister injected some optimism into a developing trade dispute. (AP Photo/Richard Drew, File)
June 04, 2019 - 9:48 pm
BANGKOK (AP) — Shares surged Wednesday in Asia following a rally on Wall Street spurred by signs the Federal Reserve is ready to cut interest rates to support the U.S. economy against risks from escalating trade wars. Japan's Nikkei 225 index jumped 1.8% to 20,773.86 while the Hang Seng in Hong...
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In this Monday, June 3, 2019 photo a child rides her scooter past a homeless person covered under a blanket in Santa Monica, Calif. The number of homeless people counted across Los Angeles County jumped 12% over the past year to a total of 58,936. The Los Angeles Homeless Services Authority presented the results of January's annual count to the Board of Supervisors on Tuesday, June 4. (AP Photo/Richard Vogel)
June 04, 2019 - 7:59 pm
LOS ANGELES (AP) — The number of homeless people counted across Los Angeles County jumped 12% over the past year to nearly 59,000, with more young and old residents and families on the streets, officials said Tuesday. The majority of the homeless were found within the city of Los Angeles, which saw...
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Britain's Prime Minister Theresa May and President Donald Trump walk through the Quadrangle of the Foreign Office for a joint press conference in central London, Tuesday, June 4, 2019. (AP Photo/Frank Augstein)
June 04, 2019 - 5:59 pm
WASHINGTON (AP) — The Latest on President Donald Trump and tariffs on Mexico (all times local): 8:55 p.m. Republican senators are declaring deep opposition to President Donald Trump's threatened tariffs on all goods coming into the U.S. from Mexico. But it's unclear they have the votes to stop him...
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Senate Majority Leader Mitch McConnell of Ky., speaks to reporters following the weekly policy lunches on Capitol Hill in Washington, Tuesday, June 4, 2019. (AP Photo/Susan Walsh)
June 04, 2019 - 5:21 pm
WASHINGTON (AP) — In a rare confrontation, Republican senators declared deep opposition Tuesday to President Donald Trump's threatened tariffs on all goods coming into the U.S. from Mexico. But it's unclear they have the votes to stop him, and Trump said they'd be "foolish" to try. All sides,...
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