Economy

August 06, 2019 - 2:15 am
BERLIN (AP) — German factory orders, a leading indicator of the health of Europe's biggest economy, increased unexpectedly strongly in June thanks to demand from outside the eurozone. The Economy Ministry said Tuesday that orders were up 2.5% compared with the previous month, when they were down 2...
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Vice President Mike Pence follows President Donald Trump as he walks off after speaking about the mass shootings in El Paso, Texas and Dayton, Ohio, in the Diplomatic Reception Room of the White House, Monday, Aug. 5, 2019, in Washington. (AP Photo/Evan Vucci)
August 05, 2019 - 11:23 pm
WASHINGTON (AP) — The Trump administration froze all Venezuelan government assets Monday in a dramatic escalation of tensions with Nicolás Maduro that places his socialist administration alongside a short list of adversaries from Cuba, North Korea, Syria and Iran that have been targeted by such...
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FILE - In this June 10, 2019, file photo, a man walks past a money exchange shop decorated with different banknotes at Central, a business district of Hong Kong. China's yuan fell below the politically sensitive level of seven to the U.S. dollar on Monday, Aug. 5, 2019, possibly adding to trade tension with Washington. The currency weakened to 7.0177 in early trading following U.S. President Donald Trump's threat last week of tariff hikes on additional Chinese imports in a fight over Beijing's trade surplus and technology policies. (AP Photo/Kin Cheung, File)
August 05, 2019 - 7:00 pm
WASHINGTON (AP) — China decided Monday to meet President Donald Trump's latest tariff threat with defiance, letting its currency drop to an 11-year low and halting purchases of U.S. farm products. The moves, which came four days after Trump threatened more taxes on Chinese imports, knocked stock...
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FILE - In this June 10, 2019, file photo, a man walks past a money exchange shop decorated with different banknotes at Central, a business district of Hong Kong. The U.S. Treasury Department labeled China a currency manipulator Monday, Aug. 5, after Beijing pushed down the value of its yuan in a dramatic escalation of the trade conflict between the world's two biggest economies. (AP Photo/Kin Cheung, File)
August 05, 2019 - 6:42 pm
WASHINGTON (AP) — The U.S. Treasury Department labeled China a currency manipulator Monday after Beijing pushed down the value of its yuan in a dramatic escalation of the trade conflict between the world's two biggest economies. The decision, which came hours after President Donald Trump accused...
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Sung Yun-mo, South Korea's minister of Trade, Industry and Energy, speaks during a press conference at the government complex in Seoul, South Korea, Monday, Aug. 5, 2019. Sung said South Korea will spend 7.8 trillion won ($6.5 billion) over the next seven years to develop technologies for industrial materials and parts as it moves to reduce its dependence on Japan during an escalating trade row. The announcement came days after Japan's Cabinet approved the removal of South Korea from a list of countries with preferential trade status. (AP Photo/Ahn Young-joon)
August 05, 2019 - 7:26 am
SEOUL, South Korea (AP) — South Korea's president on Monday described the country's escalating trade war with Japan as a wake-up call to revamp its economy and issued a nationalistic call for economic cooperation with North Korea, which he said would allow the Koreas to erase Japan's economic...
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FILE - In this July 19, 2019, file photo specialist Michael Pistillo, right, 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 Friday, Aug. 2. (AP Photo/Richard Drew, File)
August 04, 2019 - 11:25 pm
BEIJING (AP) — Asian stock markets fell for a third day Monday after China allowed its yuan to sink to its lowest level this year following President Donald Trump's latest tariff threat. The main indexes in Tokyo and Hong Kong both fell 2.4% while Shanghai, South Korea and Australia also retreated...
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U.S. Secretary of State Mike Pompeo is presented with flowers as he boards his plane to depart for Australia from Don Mueang International Airport, in Bangkok, Thailand, Saturday, Aug. 3, 2019. (Jonathan Ernst/Pool Photo via AP)
August 03, 2019 - 7:47 pm
BANGKOK (AP) — U.S. Secretary of State Mike Pompeo left Thailand on Saturday with his hopes for resuming nuclear talks with North Korea dashed, while facing an escalating trade war with China and a potentially devastating breakdown in relations between key American allies Japan and South Korea...
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Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington, Wednesday, July 31, 2019. (AP Photo/Manuel Balce Ceneta)
July 31, 2019 - 4:58 pm
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter the impact of President Donald Trump's trade wars, stubbornly low inflation and global weakness. It left open the possibility of future rate cuts, but perhaps not as many as...
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Demonstrators, some waving Puerto Rican national flags, chant in front of the governor's mansion La Fortaleza, in San Juan, Puerto Rico, Wednesday, July 24, 2019. Hundreds of thousands of Puerto Rico have been outraged by leaked, obscenity-laced online chats between Gov. Ricardo Rossello and his advisers, and have protested for nearly two weeks demanding his resignation. (AP Photo/Dennis M. Rivera Pichardo)
July 25, 2019 - 3:39 am
SAN JUAN, Puerto Rico (AP) — Puerto Rico Gov. Ricardo Rosselló said late Wednesday that he will resign Aug. 2 after nearly two weeks of furious protests and political upheaval touched off by a leak of crude and insulting chat messages between him and his top advisers. A crowd of demonstrators...
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Tom Hanks, left, poses with his character Woody as he arrives at the world premiere of "Toy Story 4" on Tuesday, June 11, 2019, at the El Capitan in Los Angeles. (Photo by Chris Pizzello/Invision/AP)
June 23, 2019 - 4:08 pm
NEW YORK (AP) — "Toy Story 4" brought the box office to life with a $118 million opening weekend after a three-week slump of underperforming sequels, but the Pixar film's below-expectations debut didn't quell continuing concerns about a rocky summer movie season. The "Toy Story 4" opening,...
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