Banking and credit

FILE - In this March 2, 2018 file photo, a worker cleans big machine parts of presses manufacturer Schüler AG in Goeppingen, Germany. German factory orders, a leading indicator of the health of Europe's biggest economy, dropped strongly in July, erasing gains from the previous month. The Federal Statistical Office reported Thursday industrial orders dropped 2.7% in July over June when adjusted for seasonal and calendar factors, wiping out a 2.7% June increase. (Marijan Murat/dpa via AP)
September 12, 2019 - 4:19 pm
WASHINGTON (AP) — The Federal Reserve and the European Central Bank are struggling mightily to invigorate their economies at a time when growth is slowing, governments remain on the sidelines and the banks' usual stimulative tools appear less effective than in the past. On Thursday, the ECB...
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FILE - In this Aug. 29, 2019, photo shoppers wait in long lines at Costco in Davie, Fla. On Thursday, Sept. 12, the Labor Department reports on U.S. consumer prices for August. (AP Photo/Brynn Anderson, File)
September 12, 2019 - 11:05 am
WASHINGTON (AP) — Overall consumer prices slowed in August, reflecting a big drop in the cost of gasoline and other energy products. But core inflation, which excludes energy and food, was rising at its fastest pace in a year. Economists said this increase in long-dormant inflation should not deter...
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, Sept. 12, 2019. Asian shares were mixed Thursday after China moved to ease trade tensions. (AP Photo/Eugene Hoshiko)
September 12, 2019 - 6:11 am
BANGKOK (AP) — World stock markets rose cautiously Thursday as investors awaited the European Central Bank's decision on how much stimulus it will provide the economy. Sentiment also was brightened by hopes that China and the U.S. are moving to ease trade tensions. Germany's DAX edged 0.2% higher...
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A party boat cruises over the river Main in Frankfurt, Germany, on a warm Saturday evening, Aug. 31, 2019. (AP Photo/Michael Probst)
September 11, 2019 - 10:22 am
FRANKFURT, Germany (AP) — The European Central Bank appears to be preparing a new shot of stimulus to prop up the economy, amid broader questions about whether central banks like the ECB and the U.S. Federal Reserve can re-energize global growth on their own. Analysts say the bank is likely to cut...
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In this Spet. 9, 2019, photo, Treasury Secretary Steve Mnuchin speaks to reporters outside the West Wing of the White House in Washington. Trump administration officials are coming before Congress to defend their plan for ending government control of Fannie Mae and Freddie Mac, the giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out at cost to taxpayers of $187 billion. Treasury Mnuchin and Housing and HUD Secretary Ben Carson are testifying Sept. 10 before the Senate Banking Committee on the plan for returning Fannie and Freddie to private ownership. (AP Photo/Andrew Harnik)
September 10, 2019 - 11:37 am
WASHINGTON (AP) — Trump administration officials on Tuesday defended their plan to Congress for ending government control of mortgage finance giants Fannie Mae and Freddie Mac, clashing with Democratic senators on whether the change would raise home borrowing costs and neglect lower-income...
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People stand near an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Sept. 10, 2019. Asian shares were mixed Tuesday after a day of listless trading on Wall Street, as investors awaited signs on global interest rates.(AP Photo/Eugene Hoshiko)
September 10, 2019 - 3:29 am
TOKYO (AP) — Global shares were mixed Tuesday after a day of listless trading on Wall Street, as investors awaited signs on global interest rates. France's CAC 40 slipped 0.3% to 5,569.68 in early trading, while Germany's DAX fell 0.3% to 12,193.09. Britain's FTSE 100 inched down 0.1% to 7,228.18...
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FILE - In this Sept. 4, 2019, file photo trader Michael Milano works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, Sept. 9. (AP Photo/Richard Drew, File)
September 09, 2019 - 10:37 pm
TOKYO (AP) — Asian shares were mixed Tuesday after a day of listless trading on Wall Street, as investors awaited signs on global interest rates. Japan's benchmark Nikkei 225 added 0.2% to 21,360.15 in morning trading. Australia's S&P/ASX 200 fell 0.5% to 6,618.20, while South Korea's Kospi...
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FILE - In this July 31, 2019, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. Federal Reserve Chairman Jerome Powell said Friday, Sept. 6, 2019 that the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will "act as appropriate to sustain the expansion."(AP Photo/Manuel Balce Ceneta, File)
September 06, 2019 - 4:43 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Friday that the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will "act as appropriate to sustain the expansion." Powell gave an upbeat view of the U.S...
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FILE - In this Aug. 23, 2019, file photo pedestrians pass the New York Stock Exchange in New York. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Sept. 6. (AP Photo/Frank Franklin II, File)
September 06, 2019 - 11:14 am
Stocks edged higher on Wall Street in midday trading Friday as investors weighed new data showing U.S. employers added fewer than expected jobs in August even as the unemployment rate remained near the lowest level in five decades. The Labor Department's report also showed more people entered the...
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FILE - This Monday, Aug. 8, 2011, file photo shows the Fannie Mae headquarters in Washington. The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, those are the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out by taxpayers at a total cost of $187 billion, Thursday, Sept. 5, 2019. (AP Photo/Manuel Balce Ceneta, File)
September 05, 2019 - 6:17 pm
WASHINGTON (AP) — The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out at a total cost to taxpayers of $187 billion. The...
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