Economy

In this Friday, April 12, 2019 photo, a sold sign is shown in front of a home in Surfside, Fla. On Thursday, April 25, Freddie Mac reports on this week’s average U.S. mortgage rates.(AP Photo/Wilfredo Lee)
April 25, 2019 - 9:21 am
WASHINGTON (AP) — U.S. long-term mortgage rates rose this week for the fourth straight week, though they remain historically low as a spur to home sales in the spring buying season. Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year, fixed-rate mortgage increased to 4.20% from...
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Japan's Prime Minister Shinzo Abe arrives at the V4+Japan summit in Bratislava, Slovakia, Thursday, April 25, 2019. (AP Photo/Petr David Josek)
April 25, 2019 - 9:12 am
BRUSSELS (AP) — Japanese Prime Minister Shinzo Abe and top European Union officials are discussing trade, bilateral ties and North Korea, on the latest leg of Abe's international tour to prepare for the G-20 summit in June. The Japanese premier, EU Council President Donald Tusk and EU Commission...
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FILE - In this April 18, 2019, file photo traders Michael Urkonis, left, and Gregory Rowe, right, work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, April 25. (AP Photo/Richard Drew, File)
April 25, 2019 - 9:00 am
NEW YORK (AP) — U.S. stock indexes held close to their record highs Thursday as blowout results from Facebook and Microsoft offset a sharp slump for industrial companies following earnings reports that fell short of Wall Street's expectations. Communications and technology sectors helped lead the...
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FILE- This April 30, 2018, file photo shows an exterior view of the Sainsbury's flagship store in the Nine Elms area of London. British competition regulators have blocked J. Sainsbury Plc's 7.3 billion-pound ($9.4 billion) purchase of Walmart's Asda unit, which would have created the U.K.'s biggest supermarket chain. The Competition and Markets Authority says the deal would have increased prices and reduced the quality and range of products available to shoppers, it was reported on Thursday, April 25, 2019. (AP Photo/Matt Dunham, File)
April 25, 2019 - 5:58 am
LONDON (AP) — British regulators blocked Sainsbury's 7.3 billion-pound ($9.4 billion) purchase of Walmart's Asda unit on Thursday amid concerns the deal would have increased prices and reduced the quality and range of products available. For Walmart, it's another setback as it tries to refocus its...
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Japan's Prime Minister Shinzo Abe, left, holds a statement for media at the V4+Japan summit in Bratislava, Slovakia, Thursday, April 25, 2019. (AP Photo/Petr David Josek)
April 25, 2019 - 4:27 am
BRATISLAVA, Slovakia (AP) — Japanese Prime Minister Shinzo Abe says he has asked the leaders of four Central European countries for help in a long dispute with North Korea over the abductions of Japanese citizens decades ago. Abe says he has asked for "understanding and support" on an issue that is...
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April 24, 2019 - 11:48 pm
LONDON (AP) — Royal Bank of Scotland says chief executive Ross McEwan is stepping down after 5 1/2 years overseeing the restructuring of a bank that was bailed out by the government during the global financial crisis. RBS said Thursday that McEwan will remain CEO while it conducts an internal and...
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A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, April 25, 2019. Asian shares were mixed Thursday after U.S. stocks closed lower, giving back some of its gains a day after the S&P 500 and Nasdaq hit record highs. (AP Photo/Lee Jin-man)
April 24, 2019 - 7:14 pm
TOKYO (AP) — Asian shares were mixed Thursday after U.S. stocks closed lower, giving back some of its gains a day after the S&P 500 and Nasdaq hit record highs. Japan's benchmark Nikkei 225 edged up 0.2% in early trading to 22,247.14. South Korea's Kospi fell nearly 0.3% to 2,195.56. Hong Kong'...
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FILE - In this Jan. 30, 2019 file photo, employees prune marijuana plants at a Fotmer SA, greenhouse in Nueva Helvecia, Uruguay. On April 24, 2019, Fotmer in Uruguay and another company in Colombia announced they will become the first to export legal medical marijuana products from Latin America to Europe, part of what the firms hope will become a growing trade. (AP Photo/Matilde Campodonico, File)
April 24, 2019 - 6:41 pm
MONTEVIDEO, Uruguay (AP) — Two companies from Uruguay and Colombia will become the first in Latin America to export medical marijuana products to Europe under deals announced Wednesday. Fotmer Life Sciences of Uruguay and Clever Leaves of Colombia will export cannabis extract and dried marijuana...
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FILE - In this Feb. 11, 2019 file photo, Iranian Revolutionary Guard members attend a ceremony celebrating the 40th anniversary of the Islamic Revolution, at the Azadi, or Freedom, Square in Tehran, Iran. The Trump administration on Wednesday granted important exemptions to new sanctions on Iran’s Revolutionary Guard, watering down the effects of the measures while also eliminating an aspect that would have complicated U.S. foreign policy efforts. (AP Photo/Vahid Salemi)
April 24, 2019 - 10:19 am
WASHINGTON (AP) — The Trump administration on Wednesday granted important exemptions to new sanctions on Iran's Revolutionary Guard, watering down the effects of the measures while also eliminating an aspect that would have complicated U.S. foreign policy efforts. Foreign governments and businesses...
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FILE - In this April 10, 2019, file photo a Boeing 737 MAX 8 airplane being built for India-based Jet Airways lands following a test flight at Boeing Field in Seattle. Boeing Co. reports earnings Wednesday, April 24. (AP Photo/Ted S. Warren, File)
April 24, 2019 - 9:03 am
Boeing estimates that it will spend $1 billion to fix the 737 Max and has pulled its forecast of 2019 earnings because of uncertainty surrounding the jetliner, which remains grounded after two crashes that killed 346 people. The estimate was disclosed Wednesday in a presentation for investors as...
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