Economy

In this Dec. 11, 2018, photo, President Donald Trump and Vice President Mike Pence meet with Senate Minority Leader Chuck Schumer, D-N.Y., and House Minority Leader Nancy Pelosi, D-Calif., in the Oval Office of the White House in Washington. Congress is racing to avoid a partial government shutdown over President Donald Trump’s border. But you wouldn’t know it by the schedule. Lawmakers are away until next week. The ball is in Trump’s court, both sides say. (AP Photo/Evan Vucci)
December 15, 2018 - 12:41 am
WASHINGTON (AP) — Congress is racing to avoid a partial government shutdown next Friday over President Donald Trump's border wall. But you wouldn't know it by the schedule, as lawmakers left town waiting for the White House's next move. The House is taking an extended five-day weekend, returning...
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FILE - In this Thursday, July 12, 2018, file photo, the container ship Maersk Emerald is unloaded at the Port of Oakland, Calif. China has announced a 90-day suspension of tariff hikes on $126 billion of U.S. cars, trucks and auto parts following its cease-fire in a trade battle with Washington that threatens global economic growth. (AP Photo/Ben Margot, File)
December 14, 2018 - 7:28 pm
BEIJING (AP) — China announced a 90-day suspension on Friday of tariff hikes on U.S. cars, trucks and auto parts following its cease-fire in a trade battle with Washington that threatens global economic growth. The suspension is China's first step in response to President Donald Trump's Dec. 1...
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FILE - In this Jan. 23, 2018, file photo, Michigan's Republican Gov. Rick Snyder delivers his final State of the State address at the state Capitol in Lansing, Mich. Snyder signed laws on Friday, Dec. 14, 2018, to significantly scale back citizen-initiated measures to raise Michigan's minimum wage and require paid sick leave for workers, finalizing an unprecedented Republican-backed legislative maneuver that opponents vowed to challenge in court. (AP Photo/Al Goldis, File)
December 14, 2018 - 5:27 pm
LANSING, Mich. (AP) — Gov. Rick Snyder on Friday signed laws to significantly scale back citizen-initiated measures to raise Michigan's minimum wage and require paid sick leave for workers, finalizing an unprecedented Republican-backed legislative maneuver that opponents blasted as shameful. To...
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FILE- In this Nov. 29, 2018, file photo trader Timothy Nick works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Dec. 14. (AP Photo/Richard Drew, File)
December 14, 2018 - 5:22 pm
NEW YORK (AP) — Stocks staggered to eight-month lows Friday after weak economic data from China and Europe set off more worries about the global economy. Mounting tensions in Europe over Britain's impending departure from the European Union also darkened traders' moods. Major U.S. indexes fell...
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FILE - In this Friday, Nov. 30, 2018 file photo smoke rises from a factory as a truck loaded with cars crosses a bridge in Paris, France. (AP Photo/Michel Euler, File)
December 14, 2018 - 4:35 pm
KATOWICE, Poland (AP) — Weary officials from almost 200 countries faced another day of negotiations at the U.N. climate talks to bridge their last remaining differences as small island nations on Friday demanded an ambitious stance against global warming. The talks in Poland were supposed to end...
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A woman walks by policemen stand guard outside the Canadian Embassy in Beijing, Friday, Dec. 14, 2018. Canada is being battered by diplomatic ill winds. First, President Donald Trump attacked Canada on trade. Then Saudi Arabia punished it for speaking up for human rights. Now China has the country in its cross-hairs, detaining two Canadians in apparent retaliation for the arrest of a top Chinese tech executive on behalf of the U.S. Canada's normally reliable ally to the south has left it high and dry. (AP Photo/Andy Wong)
December 14, 2018 - 3:48 pm
WASHINGTON (AP) — By detaining two Canadians in an apparent act of retaliation, China is looking like the country its harshest critics say it is: one unbound by the laws, rules and procedures that govern other major industrial nations. Canada's arrest of a top Chinese technology executive at the...
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French President Emmanuel Macron speaks during a media conference during an EU summit in Brussels, Friday, Dec. 14, 2018. European Union leaders expressed deep doubts Friday that British Prime Minister Theresa May can live up to her side of their Brexit agreement and they vowed to step up preparations for a potentially-catastrophic no-deal scenario. (AP Photo/Francisco Seco)
December 14, 2018 - 3:14 pm
FRANKFURT, Germany (AP) — European leaders agreed Friday to press ahead with work toward a limited, common eurozone budget and took other steps to strengthen the currency union's resistance to downturns and crises. The budget proposal leaves its size undefined and it appeared to fall short of more...
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December 14, 2018 - 2:37 pm
WASHINGTON (AP) — President Donald Trump says China's economy is feeling the pressure of his tariffs, and he thinks a "big and very comprehensive deal" could happen. Trump asserts in a tweet that China's economy is "growing much slower than anticipated because of our Trade War." China on Friday...
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FILE - This August 2010 file photo shows a sign for Moody's Corp. in New York. Concerns are building from Washington to Wall Street about the trillions of dollars in debt that U.S. businesses have racked up, particularly by companies with relatively weak finances. (AP Photo/Mark Lennihan, File)
December 14, 2018 - 12:36 pm
NEW YORK (AP) — Homeowners appear to have learned the lesson of the Great Recession about not taking on too much debt. There is some concern that Corporate America didn't get the message. For much of the past decade, companies have borrowed at super-low interest rates and used the money to buy back...
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December 14, 2018 - 12:00 pm
BEIRUT (AP) — Lebanon's finance minister says that the Moody's Investors Service report that downgraded the country's status shows the urgency of forming a new Cabinet and implementing economic reforms. Ali Hassan Khalil's comments Friday came a day after Moody's changed Lebanon's government issuer...
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