Economy

May 22, 2019 - 2:23 pm
UNITED NATIONS (AP) — A key architect of the long-awaited U.S. plan for Israeli-Palestinian peace warned Wednesday that "nothing can be meaningfully fixed" until Gaza's Hamas rulers and Palestinian Islamic Jihad renounce their vows to destroy Israel and stop carrying out violent acts. Jason...
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FILE - In this May 1, 2019 file photo, Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee, in Washington. Federal Reserve officials at their recent meeting believed the central bank could remain “patient” in deciding when to adjust interest rates, though some officials thought future rate hikes might still be needed. In minutes of the April 30-May 1 discussions, Fed officials note that prospects for the U.S. and global economy had been improving, while inflation had fallen farther below the Fed’s 2% target. (AP Photo/Patrick Semansky, File)
May 22, 2019 - 2:22 pm
WASHINGTON (AP) — Federal Reserve officials at their recent meeting believed the central bank could remain "patient" in deciding when to adjust interest rates, though some officials thought future rate hikes might still be needed. In minutes of the April 30-May 1 discussions released Wednesday, Fed...
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FILE - In this May 9, 2019, file photo trader Ryan Falvey works on the floor of the New York Stock Exchange. Banks and retailers pushed the market broadly lower in morning trading on Wall Street Wednesday, May 22. (AP Photo/Richard Drew, File)
May 22, 2019 - 12:50 pm
NEW YORK (AP) — Technology and energy companies, along with retailers, pushed the stock market broadly lower in midday trading on Wall Street Wednesday. Technology stocks have been particularly volatile as the U.S. and China jostle over trade. They've swung between gains and losses this week after...
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FILE- This May 3, 2017, file photo shows the Target logo on a store in Upper Saint Clair, Pa. An aggressive campaign at Target to let customers do more online is paying off. The retailer on Wednesday, May 22, 2019, exceeded first quarter expectations on just about every level, saying the same day services it's rolled out in recent years drove more than 25 percent of comparable sales growth. (AP Photo/Gene J. Puskar, File)
May 22, 2019 - 10:32 am
NEW YORK (AP) — An aggressive campaign at Target to let customers do more online is paying off. The retailer exceeded first quarter expectations on just about every level, saying the same day services it's rolled out, including picking up online orders at the store, drove more than 25% of...
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FILE - This Oct. 20, 2015 file photo shows the Scunthorpe steel plant, now owned by British Steel, in Scunthorpe, England. Britain’s government pledged Tuesday May 21, 2019 to do its utmost to support British Steel amid reports the company is facing bankruptcy. (Anna Gowthorpe/PA via AP, File)
May 22, 2019 - 8:41 am
LONDON (AP) — British Steel has been ordered into liquidation as it struggles with industry-wide troubles and Brexit, threatening 5,000 workers and another 20,000 jobs in the supply chain. The company had asked for a package of support to tackle issues related to Britain's pending departure from...
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May 22, 2019 - 7:16 am
MADRID (AP) — Eduard Punset, a Spanish writer, economist and lawyer known for his popular science shows on Spanish television, has died at age 82. Punset passed away in Barcelona following a lengthy illness, relatives said in a Twitter post that included video highlights from a public broadcaster's...
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FILE - In this Saturday, March 30, 2019, file photo, workers assemble LED lights at a factory in Yushan county in central China's Jiangxi province. China is cutting taxes on its fledgling software and integrated circuit industries to spur development in the face of U.S. export controls that threaten to handicap Chinese tech companies. (AP Photo, File)
May 22, 2019 - 6:35 am
BEIJING (AP) — China is cutting taxes on its fledgling software and integrated circuit industries as U.S. export controls threaten to handicap Chinese tech companies. The Finance Ministry's announcement Wednesday comes amid a spiraling tariff war with Washington over Chinese technology ambitions...
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Investors chat as they monitor stock prices at a brokerage house in Beijing, Wednesday, May 22, 2019. Shares edged in Asia on Wednesday after a rebound in technology stocks helped power an overnight rally on Wall Street. (AP Photo/Andy Wong)
May 22, 2019 - 4:55 am
BANGKOK (AP) — World shares were mixed Wednesday after a rebound in technology stocks helped power an overnight rally on Wall Street. After a day of modest gains in Asia, Britain's FTSE 100 rose 0.4% to 7,360.41, while the DAX in Germany edged 0.1% higher to 12,152.04. The CAC 40 in France slipped...
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FILE - In this Saturday, May 18, 2019 file photo, supporters reach out to touch their leader during a rally organized by League leader Matteo Salvini, with leaders of other European nationalist parties, ahead of the May 23-26 European Parliamentary elections, in Milan, Italy. The European Parliament elections have never been so hotly anticipated or contested, with many predicting that this year’s ballot will mark a coming-of-age moment for the euroskeptic far-right movement. The elections start Thursday May 23, 2019 and run through Sunday May 26 and are taking place in all of the European Union’s 28 nations. (AP Photo/Luca Bruno, File)
May 22, 2019 - 3:21 am
BRUSSELS (AP) — The European Parliament elections that start Thursday have never been so hotly anticipated, with many predicting that this year's ballot will mark a coming-of-age moment for the euroskeptic far-right movement. The elections, which run through Sunday and take place in all of the...
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May 21, 2019 - 10:01 am
WASHINGTON (AP) — U.S. home sales slipped 0.4% in April, as would-be homebuyers face affordability challenges and a limited supply of starter houses. The National Association of Realtors says that existing homes sold at a seasonally adjusted annual rate of 5.19 million last month, down from 5.21...
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