Economy

In this June 26, 2019 photo, a man adds fuel to his vehicle with the price of gas displayed at the pump at a gas station in Orlando, Fla. On Thursday, July 11, the Labor Department reports on U.S. consumer prices for June. (AP Photo/John Raoux)
July 11, 2019 - 6:06 am
WASHINGTON (AP) — U.S. consumer prices rose just 0.1% in June, as cheaper gas prices were offset by higher rents and auto costs. The Labor Department said Thursday that the consumer price index increased 1.6% in June from a year earlier. That is down from 1.8% in May and the second straight drop...
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In this image from file video provided by UK Ministry of Defence, British navy vessel HMS Montrose escorts another ship during a mission to remove chemical weapons from Syria at sea off coast of Cyprus in February 2014. The British Navy said it intercepted an attempt on Thursday, July 11, 2019, by three Iranian paramilitary vessels to impede the passage of a British commercial vessel just days after Iran’s president warned of repercussions for the seizure of its own supertanker. A U.K. government statement said Iranian vessels only turned away after receiving “verbal warnings” from the HMS Montrose accompanying the commercial ship through the narrow Strait of Hormuz. (UK Ministry of Defence via AP)
July 11, 2019 - 6:01 am
DUBAI, United Arab Emirates (AP) — The British navy said it prevented three Iranian paramilitary vessels from impeding the passage of a British oil tanker in the Strait of Hormuz early Thursday, a day after Iran's president warned of repercussions for the seizure of its own supertanker. Iran's...
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July 10, 2019 - 3:25 pm
WASHINGTON (AP) — The White House is launching an investigation into France's proposed tax on internet giants like Google, Amazon and Facebook — a move that could lead to U.S. taxes on French imports. U.S. Trade Representative Robert Lighthizer expressed concern that the tax, expected to be passed...
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FILE - In this June 19, 2019, file photo Federal Reserve Chairman Jerome Powell concludes a news conference following a two-day Federal Open Market Committee meeting in Washington. On Wednesday, July 10, the Federal Reserve releases minutes from its June meeting when it left rates unchanged. (AP Photo/Manuel Balce Ceneta, File)
July 10, 2019 - 8:10 am
WASHINGTON (AP) — Chairman Jerome Powell signaled Wednesday that the Federal Reserve is likely to cut interest rates late this month for the first time in a decade in light of a weakening global economy and rising trade tensions. Delivering the central bank's semiannual report to Congress, Powell...
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FILE - In this June 18, 2019, file photo specialist Dilip Patel works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, July 10. (AP Photo/Richard Drew, File)
July 10, 2019 - 7:34 am
U.S. stocks marched broadly higher in early trading Wednesday, sending the S&P 500 index into record territory, after the head of the Federal Reserve signaled that the central bank is ready to cut interest rates for the first time in a decade. In his semi-annual monetary report to Congress, Fed...
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South Korean President Moon Jae-in speaks during a meeting with business leaders at the presidential Blue House in Seoul, South Korea, Wednesday, July 10, 2019. Moon criticized comments by Japanese officials who questioned the credibility of Seoul’s sanctions against North Korea while justifying Tokyo’s move to strengthen controls on high-tech exports to South Korea, which triggered a full-blown diplomatic dispute between the neighboring U.S. allies. (Bae Jae-man/Yonhap via AP)
July 10, 2019 - 7:31 am
SEOUL, South Korea (AP) — South Korean President Moon Jae-in on Wednesday criticized comments by Japanese officials who questioned the credibility of Seoul's sanctions against North Korea while defending Tokyo's stricter controls on high-tech exports to South Korea. The issue has become a full-...
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Greek Prime Ministers Kyriakos Mitsotakis, left, speaks next to Finance Minister Christos Staikouras, as new government participate in a first cabinet meeting, in Athens, Wednesday, July 10, 2019. Conservative party leader Kyriakos Mitsotakis won Sunday's election on pledges that included making the country more businesses-friendly, cutting taxes and negotiating an easing of draconian budget conditions agreed as part of the country's rescue program. (AP Photo/Petros Giannakouris)
July 10, 2019 - 6:53 am
ATHENS, Greece (AP) — Greece's new prime minister, Kyriakos Mitsotakis, vowed Wednesday to make government more efficient and to legislate for tax cuts later this month despite concerns raised by the country's creditors over economic promises made during the election campaign. Although Greece no...
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ARCHIVO - Foto de archivo, 1 de mayo de 2019, del presidente de la Reserva Federal, Jerome Powell, en conferencia de prensa en Washington. (AP Foto/Patrick Semansky, File)
July 10, 2019 - 5:31 am
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's presentation of the Fed's semi-annual monetary report to Congress. (all times local) 8:30 a.m. Federal Reserve Chairman Jerome Powell says "many" Fed officials believe a weakening global economy and rising trade tensions have...
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Men walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Wednesday, July 10, 2019. Asian shares were mostly higher Wednesday in cautious trading ahead of closely watched congressional testimony by the U.S. Federal Reserve chairman. (AP Photo/Eugene Hoshiko)
July 10, 2019 - 4:45 am
TOKYO (AP) — Global stock markets were steady Wednesday, with investors remaining cautious ahead of a closely watched congressional testimony by the chairman of the U.S. Federal Reserve, Jerome Powell. Traders will be listening closely to the exchanges between Powell and lawmakers on Wednesday and...
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July 10, 2019 - 3:49 am
BEIJING (AP) — China says auto sales fell 7.8% in June amid a trade fight with Washington and slower economic growth, extending a year-old contraction that is squeezing automakers as they spend on developing electric cars. An industry group said Wednesday drivers in the global industry's biggest...
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