Economy

French Finance Minister Bruno Le Maire, left, welcomes Treasury Secretary Steve Mnuchin at the G-7 Finance Wednesday July 17, 2019 in Chantilly, north of Paris. The Group of Seven rich democracies' top finance officials gathered Wednesday at a chateau near Paris in search of common ground on the threats posed by digital currencies. (AP Photo/Michel Euler)
July 17, 2019 - 10:16 am
CHANTILLY, France (AP) — The Trump administration is objecting to France's plan to tax Facebook, Google and other U.S. tech giants, a rift that's overshadowing talks between seven longtime allies this week on issues ranging from digital currencies to trade. As finance ministers from the Group of...
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In this June 19, 2019, photo Larry McGee balances along a roof edge as he carries roof over ridge vent that he and others will be laying down on a new house in a Brandon, Miss., neighborhood. On Wednesday, July 17, the Commerce Department reports on U.S. home construction in June. (AP Photo/Rogelio V. Solis)
July 17, 2019 - 9:41 am
WASHINGTON (AP) — U.S. home construction slipped last month as an uptick in the building of single-family homes was offset by a big drop in apartment construction. The Commerce Department said Wednesday that construction was started at a seasonally adjusted annual rate of 1.25 million in June, down...
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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 - 4:39 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 - 3:41 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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A man looks at 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 - 1:00 am
TOKYO (AP) — Asian stocks were mixed Wednesday after Wall Street ended a five-day winning streak following disappointing corporate earnings reports. Japan's benchmark Nikkei 225 dipped 0.3% to 21,475.38 in morning trading. Australia's S&P/ASX 200 added 0.4% to 6,667.60. South Korea's Kospi...
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U.S. Federal Reserve Chairman Jerome Powell speaks during a dinner hosted by the Bank of France in Paris, Tuesday, July 16, 2019. Finance officials from the Group of Seven rich democracies will weigh risks from new digital currencies and debate how to tax U.S. tech companies like Google and Amazon when they meet in the Paris suburb of Chantilly tomorrow. (AP Photo/Michel Euler)
July 16, 2019 - 1:53 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that the 2008 financial crisis accelerated major changes in the U.S. and global economies, leading to slower growth, lower inflation and lower interest rates. Delivering remarks to a Paris economic conference, Powell said that...
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July 16, 2019 - 9:02 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 - 8:47 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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In this July 10, 2019, photo, mountain bikes are displayed at Cycles Etc bicycle shop in Salem, N.H. On Tuesday, July 16, the Commerce Department releases U.S. retail sales data for June. (AP Photo/Charles Krupa)
July 16, 2019 - 7:37 am
WASHINGTON (AP) — U.S. retail sales rose at a solid pace last month, providing crucial support to the economy at a time when other drivers of growth have faded. The Commerce Department said Tuesday that retail sales rose 0.4% last month, the fourth straight increase. Sales at online retailers,...
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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 - 7:33 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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