Economy

David Stilwell, center left, U.S. Assistant Secretary of State for the Bureau of East Asian and Pacific Affairs, speaks as South Korea's Deputy Foreign Minister for Political Affairs Yoon Soon-gu, center right, listens after a meeting with South Korean Foreign Minister Kang Kyung-wha at the foreign ministry in Seoul, South Korea, Wednesday, July 17, 2019. (AP Photo/Ahn Young-joon. Pool)
July 17, 2019 - 5:39 am
SEOUL, South Korea (AP) — The United States will "do what it can" to help resolve festering trade and political disputes between South Korea and Japan, a senior U.S. official said Wednesday after a series of meetings with Seoul officials. David Stilwell, the top U.S. diplomat for East Asian affairs...
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People walk by an electronic stock board of a securities firm in Tokyo, Wednesday, July 17, 2019. Asian stocks were mixed Wednesday as Wall Street ended a five-day winning streak after the first big round of corporate earnings reports. (AP Photo/Koji Sasahara)
July 17, 2019 - 4:41 am
TOKYO (AP) — Global stocks were mostly lower Wednesday after Wall Street ended a five-day winning streak following disappointing corporate earnings reports. France's CAC 40 fell nearly 0.1% in early trading to 21,469.18, while Germany's DAX was little changed but slightly lower at 12,427.90...
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In this July 10, 2019, photo a Wells Fargo building is shown in downtown Minneapolis. JP Morgan Chase reports financial results on Tuesday, July 16, 2019. Wells Fargo & Co. reports financial results on Tuesday, July 16. (AP Photo/Jim Mone)
July 16, 2019 - 5:19 pm
WASHINGTON (AP) — Wells Fargo reported better-than-expected earnings despite lower interest income in the second quarter, a potential concern for investors with a Fed interest rate cut likely on the horizon. Shares in the consumer banking giant slid 3%. Wells Fargo & Co., still under growth...
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FILE - This June 18, 2019, file photo shows a container ship on the Delaware River in Philadelphia. The Trump administration blasted a World Trade Organization decision Tuesday, July 16, that could let China levy sanctions on the United States. (AP Photo/Matt Rourke, File)
July 16, 2019 - 4:34 pm
WASHINGTON (AP) — The Trump administration blasted a World Trade Organization decision Tuesday that could let China levy sanctions on the United States. The 2-1 decision by the WTO's appellate body was actually a mixed verdict in a case that dates back to 2007 and is unrelated to the tariffs the...
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FILE - In this July 9, 2019 file photo, Virginia Gov. Ralph Northam, right, listens to speakers along with Richmond Mayor Levar Stoney, left, during a rally at the State Capitol in Richmond, Va. Northam is struggling to raise big money in a key election year after a blackface scandal nearly ended his political career. New campaign finance reports filed Monday, July 15 show the Democratic governor raised slightly more than $300,000 between April and June. That’s far below the seven-figure hauls his predecessors, former Govs. Terry McAuliffe and Bob McDonnell, raised during similar periods when they were in office. (AP Photo/Steve Helber, File)
July 16, 2019 - 4:23 pm
RICHMOND, Va. (AP) — Virginia Gov. Ralph Northam is struggling to raise big money in a key election year after a blackface scandal nearly ended his political career. But he's also managed to remain a major source of campaign cash for Democrats, including those who have previously called on him to...
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July 16, 2019 - 10:02 am
HARARE, Zimbabwe (AP) — Representatives of Zimbabwe's government workers Tuesday protested against what they called "slave salaries" as inflation almost doubled to 176%, a decade high that highlights the country's rapidly deteriorating economy. Holding placards and singing songs denouncing the...
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In this Nov. 29, 2018 photo a Chase Bank logo is attached to an exterior wall at a bank location, in Dedham, Mass. JP Morgan Chase reports financial results on Tuesday, July 16, 2019. (AP Photo/Steven Senne)
July 16, 2019 - 9:47 am
NEW YORK (AP) — Banking giant JPMorgan Chase & Co. said Tuesday that its second quarter profits grew by 16% from a year ago, helped by lower taxes and the ability to charge businesses and consumers more to borrow money. The nation's largest bank by assets said Tuesday that it earned $9.65...
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Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, July 16, 2019. Asian shares were little changed and mixed in quiet trading Tuesday amid a lack of fresh market-moving news as investors looked ahead to earnings season. (AP Photo/Ahn Young-joon)
July 16, 2019 - 8:33 am
TOKYO (AP) — Global stock markets were mostly higher on Tuesday after several major U.S. companies reported quarterly earnings that were better than expected. France's CAC 40 was up 0.6% to 5,611, while Germany's DAX was 0.4% higher at 12,432. Britain's FTSE 100 gained 0.5% to 7,566. U.S. shares...
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In this Tuesday, July 9, 2019 photo, a helicopter flies near Turkey's drilling ship, 'Fatih' dispatched towards the eastern Mediterranean, near Cyprus. Turkish officials say the drillships Fatih and Yavuz will drill for gas, which has prompted protests from Cyprus.(Turkish Defence Ministry via AP, Pool)
July 16, 2019 - 8:29 am
ANKARA, Turkey (AP) — Turkey on Tuesday rejected as "worthless" an initial set of sanctions approved by the European Union against Ankara, and vowed to send a new vessel to the eastern Mediterranean to reinforce its efforts to drill for hydrocarbons off the island of Cyprus. EU foreign ministers on...
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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. The Goldman Sachs Group Inc. reports financial results on Tuesday, July 16, 2019. (AP Photo/Richard Drew, File)
July 16, 2019 - 8:20 am
NEW YORK (AP) — Goldman Sachs said its second quarter profit fell 6% from a year earlier, as the Wall Street firm saw declines across most of its businesses. However the results were much better than what analysts' had forecast, pushing shares higher in premarket trading. The New York-based bank...
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