Economy

In this Thursday, Sept. 19, 2019, photo, a man holding a cup of coffee monitors the stock prices at a brokerage house in Beijing. Asian shares were mostly higher on Friday, Sept. 20, 2019 after a lackluster session on Wall Street, as investors shifted their focus to China-U.S. trade talks after a busy week of central bank news. (AP Photo/Andy Wong)
September 20, 2019 - 4:11 am
BANGKOK (AP) — World shares were mixed on Friday, while India's benchmark jumped more than 5% after the government announced plans to cut corporate taxes. Germany's DAX fell 0.1% to 12,440.12 and the CAC 40 in France lost 2.9 points to 5,656.24. Britain's FTSE 100 gave up 0.3% to 7,334.05. Wall...
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FILE - In this Sept. 5, 2019, file photo, Indian workers prepare packing of clutch buttons at an auto component manufacturing factory on the outskirts of New Delhi, India. Asian shares advanced Friday, Sept. 20, 2019, and India’s benchmark jumped 5.4% after the government announced plans to cut corporate taxes. (AP Photo/Altaf Qadri, File)
September 20, 2019 - 3:52 am
NEW DELHI (AP) — The Indian government on Friday announced a slew of concessions aimed at boosting the economy that will reduce most corporate taxes for local companies to about 25% from 30%. Finance Minister Nirmala Sitharaman said the lower tax rates will retroactively apply from April 1, the...
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FILE - In this Sept. 4, 2019, file photo traders John Doyle, left, and Richard Deviccaro work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Sept. 19. (AP Photo/Richard Drew, File)
September 20, 2019 - 12:08 am
BANGKOK (AP) — Asian shares were mostly higher on Friday after a lackluster session on Wall Street, as investors shifted their focus to China-U.S. trade talks after a busy week of central bank news. Japan's Nikkei 225 index gained 0.4% to 22,135.98 and the Shanghai Composite index rose 0.2% to 3,...
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Speaker of the House Nancy Pelosi, D-Calif., arrives for a closed-door meeting with the House Democratic Caucus, Wednesday, Sept. 18, 2019, at the Capitol in Washington. (AP Photo/J. Scott Applewhite)
AP News
September 19, 2019 - 6:35 pm
WASHINGTON (AP) — House Speaker Nancy Pelosi, trying to seize the agenda on a top consumer issue, announced an ambitious prescription drug plan Thursday that would allow Medicare to negotiate prices for seniors and younger people. The proposal would direct Medicare to bargain over as many as 250,...
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FILE - In this Wednesday, Sept. 18, 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. A peculiar thing is happening in financial markets this week _ a corner of the financial system where banks and others go for billions of dollars in short-term loans is suddenly in need of cash. To that end, the Federal Reserve has stepped in to inject about $200 billion into the market over the past three days, with plans for another $75 billion on Friday. (AP Photo/Patrick Semansky, File)
September 19, 2019 - 6:09 pm
WASHINGTON (AP) — A peculiar thing is happening in financial markets this week: an oft-overlooked corner of Wall Street where banks and others go for billions of dollars in short-term loans is suddenly in need of cash. To that end, the Federal Reserve has stepped in to inject about $200 billion...
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The headquarters of the Environmental Protection Agency is seen in Washington as President Donald Trump announces that his administration is revoking California's authority to set auto mileage standards stricter than those issued by federal regulators, Wednesday, Sept. 18, 2019. Critics say the move would result in less fuel efficient cars that create more planet-warming pollution. (AP Photo/J. Scott Applewhite)
September 19, 2019 - 4:34 pm
SACRAMENTO, Calif. (AP) — Preparing for a lengthy legal battle with the Trump administration about how much pollution to allow from cars, California regulators on Thursday said they were considering cracking down on other emissions to make up for any impacts on air quality. The Trump administration...
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Visitors take pictures of new devices of China's smartphone manufacturer Huawei during an event in Munich, Germany, Thursday, Sept. 19, 2019. (AP Photo/Matthias Schrader)
September 19, 2019 - 12:36 pm
MUNICH (AP) — Huawei launched a new flagship smartphone on Thursday but it comes without popular Google apps such as Chrome or YouTube after U.S. sanctions kicked in, limiting its appeal to consumers. The Chinese tech giant's Mate 30 phone series, including one for new 5G networks, runs on an open...
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Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee, Wednesday, Sept. 18, 2019, in Washington. (AP Photo/Patrick Semansky)
September 19, 2019 - 12:35 pm
WASHINGTON (AP) — Despite all of his attacks on the Federal Reserve, President Donald Trump says Chairman Jerome Powell's job is safe. Asked in an interview with Fox News if Powell's job was safe, Trump said, "It's safe. Yes, it's safe. I mean, sure, why not." In the interview broadcast Thursday,...
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FILE - In this Aug. 16, 2019, file photo an under contract sign is displayed along Park Avenue in Richmond, Va. On Thursday, Sept. 19, the National Association of Realtors reports on sales of existing homes in August. (AP Photo/Steve Helber, File)
September 19, 2019 - 10:57 am
WASHINGTON (AP) — U.S. home sales rose 1.3% in August to the highest level in 17 months, as mortgage rates near historic lows have spurred a rush of home-buying. The National Association of Realtors said Thursday that homes sold last month at a seasonally adjusted annualized rate of 5.49 million...
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September 19, 2019 - 9:13 am
PARIS (AP) — France's finance minister says Europe is ready to impose retaliatory tariffs next year on U.S. goods as part of a long-running dispute over subsidies to plane makers Airbus and Boeing. Finance Minister Bruno Le Maire told reporters Thursday that "trade wars are good for no one," noting...
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