Economy

In this Sept. 18, 2019, photo a Puckett Machinery Company technician walks past a new heavy duty Caterpillar excavator that awaits modification at Puckett Machinery Company in Flowood, Miss. On Tuesday, Oct. 1, the Institute for Supply Management, a trade group of purchasing managers, issues its index of manufacturing activity for September. (AP Photo/Rogelio V. Solis)
October 01, 2019 - 12:11 pm
WASHINGTON (AP) — U.S. factory activity hit a decade low last month in the face of President Donald Trump's trade conflicts, adding to a weakening picture of the global economy. The Institute for Supply Management, an association of purchasing managers, said Tuesday that its manufacturing index...
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FILE - In this Sept. 18, 2019, file photo stock prices are displayed at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Oct. 1. (AP Photo/Mark Lennihan, File)
October 01, 2019 - 10:32 am
NEW YORK (AP) — A surprise contraction in U.S. manufacturing last month knocked the stock market lower Monday, erasing an early rally. The report from the Institute for Supply Management heightened concerns that the U.S.-China trade war is slowing down economic growth. The feud has also been...
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This July 1, 2019, photo shows a construction worker atop a new building in Hillsborough, N.C. On Tuesday, Oct. 1, the Commerce Department reports on U.S. construction spending in August. (AP Photo/Gerry Broome)
October 01, 2019 - 7:09 am
WASHINGTON (AP) — U.S. construction spending edged up a disappointing 0.1% in August as continued weakness in nonresidential construction offset the best gain in home building in nine months. The Commerce Department says the latest figure marked the fourth month of lackluster results, including...
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FILE - In this March 10, 2010, file photo, containers are seen at a port in Singapore. In a report released Wednesday, Sept. 25, 2019, the Asian Development Bank says that escalating trade tensions will sap Asian economies of some of their potential in this year and the next. (AP Photo/Wong Maye-E, File)
October 01, 2019 - 4:52 am
GENEVA (AP) — Global trade is forecast to weaken this year to the slowest pace since the depths of the Great Recession due to the U.S.-China trade war. The World Trade Organization said Tuesday it expects volumes of traded goods to rise 1.2% this year, far below the 2.6% estimate it issued in April...
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A woman walks by an electronic stock board of a securities firm in Tokyo, Tuesday, Oct. 1, 2019. Shares rose in Asia on Tuesday, with markets in Hong Kong and Shanghai closed for a national day holiday. (AP Photo/Koji Sasahara)
October 01, 2019 - 4:06 am
BANGKOK (AP) — World markets were mixed on Tuesday after a global agency cut its forecasts for trade and as investors monitor developments in Britain's exit from the European Union. After Asia largely closed higher, the FTSE 100 in Britain was down 0.3% at 7,385. The CAC 40 in Paris was 0.2% lower...
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In this Sept. 30, 2019, photo, a signboard says "Consumption tax hike, 8 percent to 10 percent", at a mass home electronics retailer in Tokyo. Japan has raised consumption tax to 10 percent from 8 percent, amid concerns that it could sink the Japanese economy though government officials say ample measures are taken to minimize the impact. (Shinji Kita/Kyodo News via AP)
September 30, 2019 - 8:43 pm
TOKYO (AP) — Japan's national sales tax was raised to 10% from 8% on Tuesday, amid concerns that the long-delayed move could derail the fragile growth path of the world's third largest economy. Officials said ample measures were taken to minimize the impact of the hike after previous tax increases...
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FILE - In this Sept. 18, 2019, photo stock prices are displayed at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, Sept. 30. (AP Photo/Mark Lennihan, File)
September 30, 2019 - 2:40 pm
NEW YORK (AP) — U.S. stocks climbed on Monday and gave one last nudge to ensure the S&P 500 emerged from yet another tumultuous quarter with a modest gain. As has been the case throughout the quarter, movements in President Donald Trump's trade war with China helped drive the market on Monday...
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European Central Bank President Mario Draghi addresses European Parliament members at the European Parliament in Brussels, Monday, Sept. 23, 2019. (AP Photo/Francisco Seco)
September 30, 2019 - 7:32 am
FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi says that stimulus measures including negative interest rates will have to stay in place longer if governments do not step up spending to help growth. Draghi was quoted Monday by the Financial Times as saying: "Our policies will...
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September 30, 2019 - 7:28 am
BEIJING (AP) — China warned the U.S. against trying to limit investment ties between the two countries, even as the Trump administration contradicted a report that Washington might be considering removing Chinese companies from American stock exchanges. The foreign ministry appealed to Washington...
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Chinese Commerce Minister Zhong Shan speaks during a press conference on the sidelines of the upcoming 70th anniversary of the Founding of the People's Republic of China in Beijing on Sunday, Sept. 29, 2019. (AP Photo/Ng Han Guan)
September 29, 2019 - 8:42 pm
BEIJING (AP) — China's top trade negotiator will lead an upcoming 13th round of talks aimed at resolving a trade war with the United States, a senior Chinese official said Sunday. Vice Premier Liu He will travel to Washington for the negotiations, Vice Commerce Minister Wang Shouwen said. He didn't...
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