Economy

House Speaker Nancy Pelosi of Calif., gestures while speakings during a news conference on Capitol Hill in Washington, Thursday, Oct. 17, 2019. (AP Photo/Pablo Martinez Monsivais)
October 17, 2019 - 7:10 pm
WASHINGTON (AP) — House Speaker Nancy Pelosi is plowing ahead with her bill to allow Medicare to negotiate prescription drug prices despite a breakdown in relations with her chief bargaining partner on the issue — President Donald Trump. The nonpartisan Congressional Budget Office has estimated the...
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FILE - In this Oct. 8, 2019, file photo specialist Brian Fairbrother, left, and trader Philip Powers work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Oct. 17. (AP Photo/Richard Drew, File)
October 17, 2019 - 4:23 pm
Stocks closed broadly higher on Wall Street Thursday as investors welcomed another batch of encouraging quarterly results from big companies. A breakthrough in negotiations over Britain's exit from the European Union also helped put traders in a buying mood. The gains erased the market's modest...
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Vice President Mike Pence speaks at the U.S. ambassador's residence during a news conference with Secretary of State Mike Pompeo after their meeting with Turkish President Recep Tayyip Erdogan, Thursday, Oct. 17, 2019, in Ankara, Turkey. Pence says the U.S. and Turkey have agreed to a cease-fire in Syria. (AP Photo/Jacquelyn Martin)
The Associated Press
October 17, 2019 - 3:44 pm
ANKARA, Turkey (AP) — The U.S. and Turkey agreed Thursday to a cease-fire in the Turks' deadly attacks on Kurdish fighters in northern Syria, requiring the Kurds to vacate the area in an arrangement that largely solidifies Turkey's position and aims in the weeklong conflict. The deal includes a...
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International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a news conference during the World Bank/IMF Annual Meetings in Washington, Thursday, Oct. 17, 2019. (AP Photo/Jose Luis Magana)
October 17, 2019 - 1:27 pm
WASHINGTON (AP) — The International Monetary Fund's new leader said Thursday that a trade truce between the United States and China could trim expected losses to the world economy but won't be enough to produce strong global growth. Before last week's tentative trade agreement, the IMF had...
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Winemakers taste rose in the production facility of the Chateau Sainte Roseline in the southern France region of Provence Friday Oct. 11, 2019. European producers of premium specialty agricultural products like French wine, Italian Parmesan and Spanish olives are facing Friday’s U.S. tariff hike with a mix of trepidation and indignation at being dragged into a trade war over the fiercely competitive aerospace industry.(AP Photo/Daniel Cole)
October 17, 2019 - 11:25 am
MILAN (AP) — European producers of specialty agricultural products like French wine, Italian Parmesan and Spanish olives are facing a U.S. tariff hike due Friday with a mix of trepidation and indignation at being dragged into a trade war they feel they have little to do with. The tariffs on $7.5...
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FILE - In this Sept. 13, 2019, file photo the logo for Union Pacific appears above a trading post on the floor of the New York Stock Exchange. Union Pacific Corp. reports financial results Thursday, Oct. 17. (AP Photo/Richard Drew, File)
October 17, 2019 - 10:45 am
OMAHA, Neb. (AP) — The slowing economy and ongoing trade disputes are dragging railroad profits down in the second half of the year. Two railroads, Union Pacific and CSX, have reported declining profit and revenue this week as they hauled less grain, imported goods and other products. Union Pacific...
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In this Sept. 3, 2019 photo a for sale sign, top, rests in front of a newly constructed home, in Norwood, Mass. On Thursday, Oct. 17, the Commerce Department reports on U.S. home construction in September. (AP Photo/Steven Senne)
October 17, 2019 - 10:12 am
WASHINGTON (AP) — U.S. home building fell last month after reaching a 12-year high in August, driven by a sharp decline in the construction of new apartments. Yet single-family home construction ticked higher for a fourth month. The Commerce Department said Thursday that overall housing starts...
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In this Sept. 18, 2019, photo technician David Boxx works on updating an electrical system on a Caterpillar machine at the Puckett Machinery Company in Flowood, Miss. On Thursday, Oct. 17, the Federal Reserve reports on U.S. industrial production for September. (AP Photo/Rogelio V. Solis)
October 17, 2019 - 8:57 am
WASHINGTON (AP) — U.S. factory output slumped 0.5% in September, as a strike at General Motors caused a steep decline in auto production amid broader struggles for manufacturers. The Federal Reserve said Tuesday that manufacturing production has fallen 0.9% over the past 12 months, a reflection of...
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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Oct. 17, 2019. Asian shares were mixed Thursday after officials signaled work remains to be done on an agreement for a truce in the tariff war between the U.S. and China. (AP Photo/Ahn Young-joon)
October 17, 2019 - 7:06 am
BANGKOK (AP) — Global markets were boosted Thursday by news that Britain and the European have agreed on an outline Brexit deal after days of intense negotiations. Benchmarks in London and Frankfurt rallied and Wall Street was positioned for gains when the market opens in New York. Although news of...
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In this Oct. 8, 2019, photo, Associated Press journalists visit the Sustainability Pavilion at the under construction site of the Expo 2020 in Dubai, United Arab Emirates. Its Sustainability Pavilion, which recalls the towers of New York’s 1964 world’s fair, will be covered in solar panels and surrounded by similarly paneled “energy trees” to make it a zero-energy structure. (AP Photo/Kamran Jebreili)
October 17, 2019 - 5:21 am
DUBAI, United Arab Emirates (AP) — Dubai is betting billions of dollars that its Expo 2020 will draw 25 million visitors, encourage business and spur development of the city. However, this world's fair comes as Dubai's real estate market shows signs of faltering amid global economic woes. Fears of...
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