Economy

United States Vice President Mike Pence holds a news briefing after addressing the United Nations Security Council on Venezuela, Wednesday April 10, 2019 at U.N. headquarters. (AP Photo/Bebeto Matthews)
April 10, 2019 - 4:21 pm
UNITED NATIONS (AP) — U.S. Vice President Mike Pence told the Security Council on Wednesday the Trump administration is determined to remove President Nicolás Maduro from power in Venezuela, preferably through diplomatic and economic pressure, but "all options are on the table" — and Russia and...
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FILE- In this March 20, 2019, file photo Federal Reserve Chair Jerome Powell listens to a reporter's question during a news conference in Washington. On Wednesday, April 10, the Federal Reserve releases minutes from its March meeting when it left rates unchanged. (AP Photo/Susan Walsh, File)
April 10, 2019 - 1:56 pm
WASHINGTON (AP) — A majority of Federal Reserve officials last month believed that economic conditions would likely warrant keeping the Fed's benchmark policy unchanged for the rest of this year. Several officials said their view could shift in either direction based on incoming data, according to...
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FILE - In this June 19, 2012, file photo Jamie Dimon, CEO of JPMorgan Chase, testifies before the House Financial Services Committee on Capitol Hill in Washington. The heads of some of the U.S.’ largest banks including Dimon will appear in front of Congress on Wednesday, April 10, 2019, for a hearing. (AP Photo/Jacquelyn Martin, File)
April 10, 2019 - 8:07 am
NEW YORK (AP) — The heads of some of the largest banks in the U.S. appeared in front of Congress on Wednesday in the largest gathering of heads of the banking industry in Washington since the financial crisis. The chief executives of JPMorgan Chase and Goldman Sachs, along with the CEOs of five...
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FILE - In this June 13, 2012, file photo JPMorgan Chase CEO Jamie Dimon, head of the largest bank in the United States, testifies on Capitol Hill in Washington. The heads of some of the U.S.’ largest banks including Dimon will appear in front of Congress on Wednesday, April 10, 2019, for a hearing. (AP Photo/J. Scott Applewhite, File)
April 10, 2019 - 7:57 am
The Latest on the appearance of U.S. bank CEOs before Congress (all times local): 10:55 a.m. One former top bank executive seems pretty happy he doesn't need to appear in front of Congress anymore. "Boy, I really miss my old job!!!," wrote Lloyd Blankfein, the former CEO of Goldman Sachs, who...
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FILE- In this Feb. 12, 2019, file photo specialist Patrick King, left, works with traders 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, April 10. (AP Photo/Richard Drew, File)
April 10, 2019 - 7:26 am
NEW YORK (AP) — U.S. stocks moved broadly higher in early trading Wednesday on Wall Street, reversing course from a downturn that ended an eight-day winning streak. Technology and health care companies led the gains. Microsoft and Cisco systems both rose just under 1%. Drug Developer Gilead...
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April 10, 2019 - 7:23 am
CHICAGO (AP) — In a story April 9 about Johnson Publishing Co. filing for bankruptcy, The Associated Press reported erroneously that the company owns Ebony and Jet magazines. It is the former owner. A corrected version of the story is below: Ex-publisher of iconic black magazines files for...
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April 10, 2019 - 5:44 am
WASHINGTON (AP) — U.S. consumer prices climbed 0.4% in March, an increase caused mostly by higher costs for gasoline, electricity and shelter. The Labor Department said Wednesday that the consumer price index rose a healthy 1.9% last month from a year ago, a sharp jump from the annual pace of 1.5%...
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Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, April 10, 2019. Asian shares fell Wednesday following a slide on Wall Street amid growing tensions between the U.S. and the European Union and a dim forecast on global economic growth.(AP Photo/Ahn Young-joon)
April 10, 2019 - 2:08 am
TOKYO (AP) — Global shares were mixed Wednesday amid growing tensions between the U.S. and the European Union and a dim forecast on global economic growth. France's CAC 40 rose 0.4% in early trading to 5,455.98, while Germany's DAX gained 0.5% to 11,907.95. Britain's FTSE 100 was little changed but...
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Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, April 10, 2019. Asian shares fell Wednesday following a slide on Wall Street amid growing tensions between the U.S. and the European Union and a dim forecast on global economic growth.(AP Photo/Ahn Young-joon)
April 09, 2019 - 7:58 pm
TOKYO (AP) — Asian shares fell Wednesday following a slide on Wall Street amid growing tensions between the U.S. and the European Union and a dim forecast on global economic growth. Japan's benchmark Nikkei 225 dropped nearly 0.8% in morning trading to 21,635.16. Australia's S&P/ASX 200 slipped...
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Chief Economist and Director of Research Department at the IMF, Gita Gopinath, speaks during a news conference at the World Bank/IMF Spring Meetings, in Washington, Tuesday, April 9, 2019. (AP Photo/Jose Luis Magana)
April 09, 2019 - 8:17 am
WASHINGTON (AP) — The International Monetary Fund on Tuesday downgraded its outlook for growth in the United States, Europe, Japan and the overall global economy and pointed to heightened trade tensions as a key reason. The IMF expects the world economy to grow 3.3% this year, down from 3.6% in...
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