Economy

Japanese Prime Minister Shinzo Abe, center, European Commission President Jean-Claude Juncker, left, and European Council President Donald Tusk, right, smile after their joint press conference of Japan-EU summit at Abe's official residence in Tokyo Tuesday, July 17, 2018. (AP Photo/Koji Sasahara, Pool)
July 17, 2018 - 5:33 pm
BRUSSELS (AP) — After a week of the worst barrage of insults yet from U.S. President Donald Trump, the European Union is looking westward toward the White House less and less. Making it worse, Trump spent Monday cozying up to EU adversary Vladimir Putin in an extraordinary chummy summit with the...
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FILE- In this Dec. 21, 2016, file photo, the New York Stock Exchange is shown. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, July 17, 2018. (AP Photo/Mark Lennihan, File)
July 17, 2018 - 5:03 pm
NEW YORK (AP) — U.S. stocks rallied Tuesday as retailers, technology and household goods companies all made solid gains and helped the market shake off a weak start. Netflix slumped after investors were disappointed with the streaming video company's subscriber growth. Stocks skidded at the start...
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FILE - In this Sunday, Jan. 21, 2018 file photo, people walk past a festival box office during the 2018 Sundance Film Festival in Park City, Utah. An economic impact study released Tuesday, July 17, 2018, estimates that attendance at the 2018 Sundance Film Festival increased dramatically over the previous year. (Photo by Danny Moloshok/Invision/AP, File)
July 17, 2018 - 5:02 pm
SALT LAKE CITY (AP) — Attendance at the 2018 Sundance Film Festival increased dramatically over the previous year, according to an economic impact study released on Tuesday. Nearly 125,000 people attended some part of the 11-day Utah event last year, a growth of more than 70 percent over the...
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British Prime Minister Theresa May meets representatives during a visit to the Airbus area at the Farnborough Airshow in Farnborough, England, Monday, July 16, 2018. (AP Photo/Matt Dunham)
July 17, 2018 - 4:39 pm
LONDON (AP) — British Prime Minister Theresa May faced down more rebellion Tuesday over her plans for the country's exit from the European Union, as lawmakers narrowly rejected a measure that could have kept Britain in a customs union with the 28-nation bloc. This time, it was pro-EU lawmakers from...
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Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on 'The Semiannual Monetary Policy Report to the Congress', at Capitol Hill in Washington on Tuesday, July 17, 2018. (AP Photo/Jose Luis Magana)
July 17, 2018 - 4:22 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that strong economic growth will keep the central bank on a path to gradually raise interest rates. But he noted that President Donald Trump's get-tough trade policies run the risk of dampening future growth if they...
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From left, Rep. Jim Renacci, R-Ohio, House Ways and Means Committee chairman Rep. Kevin Brady, R-Texas, President Donald Trump, and Rep. Diane Black, R-Tenn., wait for members of the media to be escorted out of the room during a meeting in the Cabinet Room of the White House, Tuesday, July 17, 2018, in Washington. (AP Photo/Andrew Harnik)
July 17, 2018 - 3:53 pm
WASHINGTON (AP) — The Latest on President Donald Trump and his summit with Russian President Vladimir Putin (all times local): 3:30 p.m. President Donald Trump says he entered negotiations with Russian President Vladimir Putin "from a position of tremendous strength" because of a "booming" U.S...
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FILE - In this Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. Goldman Sachs reports earnings Tuesday, July 17, 2018. (AP Photo/Richard Drew, File)
July 17, 2018 - 3:14 pm
NEW YORK (AP) — Another Wall Street veteran of the financial crisis is stepping aside: Lloyd Blankfein is retiring as CEO of Goldman Sachs after 12 years at the helm of the storied investment bank. Blankfein will give way to David Solomon, a long-time Goldman executive who has been considered...
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In this April 11, 2018, photo, production workers stack newspapers onto a cart at the Janesville Gazette Printing & Distribution plant in Janesville, Wis. Members of Congress are warning that newspapers in their home states are in danger of cutting coverage or going out of business if the United States maintains recently imposed tariffs on Canadian newsprint. (Angela Major/The Janesville Gazette via AP)
July 17, 2018 - 12:45 pm
WASHINGTON (AP) — About a dozen members of Congress warned Tuesday that newspapers in their home states are in danger of cutting coverage, laying off workers or going out of business if the United States maintains recently imposed tariffs on Canadian newsprint. The Trump administration ordered the...
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FILE - This Tuesday, Oct. 16, 2012, file photo, shows a portion of the UnitedHealth Group Inc.'s campus in Minnetonka, Minn. UnitedHealth Group reports earnings Tuesday, July 17, 2018. (AP Photo/Jim Mone, File)
July 17, 2018 - 12:26 pm
UnitedHealth Group easily topped profit expectations during the second-quarter and it hiked its outlook for the third time this year, but company shares were punished Tuesday for a performance that even company executives believe falls short of the full potential for the health insurer. Enrollment...
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Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on 'The Semiannual Monetary Policy Report to the Congress', at Capitol Hill in Washington on Tuesday, July 17, 2018. (AP Photo/Jose Luis Magana)
July 17, 2018 - 12:01 pm
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's semi-annual testimony to Congress on Tuesday (all times local): ___ 11:40 a.m. Powell faced a number of questions about a tit-for-tat trade war with penalty tariffs imposed by the United States on its trading partners and...
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