Economy

FILE- In this May 21, 2018, file photo, a family shops for washing and drying machines at Lowe's Home Improvement store in East Rutherford, N.J. On Friday, Aug. 24, the Commerce Department releases its July report on durable goods. (AP Photo/Ted Shaffrey, File)
August 24, 2018 - 5:40 am
WASHINGTON (AP) — Orders for long-lasting U.S. factory goods fell 1.7 percent in July, the third decrease in the past four months. The Commerce Department said Friday that durable goods orders — items meant to last at least three years such as autos and appliances — totaled $246.9 billion last...
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FILE- In this July 17, 2018, file photo Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs at Capitol Hill in Washington. Powell gives the keynote address Friday, Aug. 24, at an annual conference of central bankers in Jackson Hole, Wyo. (AP Photo/Jose Luis Magana, File)
August 24, 2018 - 3:32 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell will not lack for urgent topics to address when he gives the keynote speech Friday to an annual gathering of global central bankers in Jackson Hole, Wyoming. Fed watchers will be listening for anything Powell has to say about financial...
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August 23, 2018 - 2:39 pm
WASHINGTON (AP) — The Senate has approved an $854 billion measure that funds much of the government, including $675 billion for the Defense Department. The bill combines military spending with disbursements for Health and Human Services, Education, Labor and other agencies. The bill was approved,...
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FILE - This March 4, 2013, file photo shows a sign for Wall Street on the side of a building near the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Aug. 23, 2018. (AP Photo/Mark Lennihan, File)
August 23, 2018 - 1:58 pm
U.S. stocks capped another day of listless trading with a slight loss Thursday as a slide in banks and industrial companies offset solid gains for the technology sector. Homebuilders also declined following new data showing sales of new U.S. homes slumped in July. U.S. crude oil prices also ended...
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August 23, 2018 - 1:50 pm
CLEVELAND (AP) — The national retail chain Jo-Ann Fabric wants its customers to sign an online petition and send letters to members of Congress and to the White House urging exemptions from tariffs on hundreds of products the company imports from China. A company official said Thursday that without...
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FILE- In this July 18, 2018, file photo Federal Reserve Board Chair Jerome Powell put on his glasses while testifying during a House Committee on Financial Services hearing on Capitol Hill in Washington. Powell gives the keynote address Friday, Aug. 24, at an annual conference of central bankers in Jackson Hole, Wyo. (AP Photo/Jacquelyn Martin, File)
August 23, 2018 - 1:12 pm
WASHINGTON (AP) — A top Federal Reserve official said Thursday that she favors two more interest rate increases this year despite complaints from President Donald Trump that the Fed's continuing rate hikes risk slowing the U.S. economy. Esther George, president of the Fed's Kansas City regional...
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Britain's Secretary of State for Exiting the European Union, Dominic Raab delivers his speech outlining the government's plans for a no-deal Brexit in London, Thursday, Aug. 23, 2018. The British government says it will unilaterally accept some European Union rules and give EU financial services firms continued access to the U.K. market in order to maintain stability if the country crashes out of the bloc without a deal. (Peter Nicholls/Pool Photo via AP)
August 23, 2018 - 9:19 am
LONDON (AP) — Businesses could face red tape at the border, customers could see higher credit card fees, patients could face delays to medical treatment and there could even be a sperm shortage if Britain leaves the European Union next year without a deal, the U.K. government acknowledged Thursday...
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FILE - In this July 21, 2018, file photo, Democratic National Committee Chair Tom Perez speak in New York. Democrats seem eager to highlight Republican corruption ahead of the November midterm elections now that two of President Donald Trump’s former top allies are felons. As the party faithful gathered in Chicago Aug. 22 for the Democratic National Committee’s summer meeting, Perez ticked off the growing list of legal troubles for Trump and other Republicans. An “out of control” situation, he said, demands that voters “put up guard rails” by returning Democrats to power. (AP Photo/Mary Altaffer, File)
August 23, 2018 - 8:43 am
CHICAGO (AP) — Democrats aren't ready to embrace the I-word. A day after separate legal hammers dropped nearly simultaneously on two former members of President Donald Trump's inner circle, Democrats in Washington and across the country faced a delicate balance as they sought to take political...
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August 23, 2018 - 8:32 am
FRANKFURT, Germany (AP) — A German news media report has stirred new speculation about who will succeed Mario Draghi as head of the European Central Bank, one of the world's most powerful economic policy posts. Citing unnamed government sources, the Handelsblatt business publication reported...
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In this June 27, 2018, photo, a sold sign stands in front of a home under construction in West Des Moines, Iowa. On Thursday, Aug. 23, The Commerce Department reports on sales of new homes in July. (AP Photo/Charlie Neibergall)
August 23, 2018 - 7:04 am
WASHINGTON (AP) — Sales of new U.S. homes slumped 1.7 percent in July, the second straight monthly decline as the broader housing market appears to have lost some of its momentum despite an otherwise solid economy. The Commerce Department says newly built homes sold at a seasonally adjusted annual...
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