Economic policy

A screen on the floor of the New York Stock Exchange shows the rate decision of the Federal Reserve, Wednesday, Aug. 1, 2018. The Federal Reserve is leaving its benchmark interest rate unchanged while signaling further gradual rate hikes in the months ahead as long as the economy stays healthy. (AP Photo/Richard Drew)
August 01, 2018 - 3:31 pm
NEW YORK (AP) — Apple surged to its biggest gain in a year and a half Wednesday and drew closer to $1 trillion in value after it reported stronger iPhone sales and rising prices. But losses for energy and industrial companies left major stock indexes lower. Already the most valuable company in the...
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FILE - In this Oct. 27, 2017 file photo, workers assemble Ford trucks at the Ford Kentucky Truck Plant in Louisville, Ky. U.S. factories grew at a slower pace in July 2018, but American industry remains healthy. The Institute for Supply Management, a trade group of purchasing managers, says its manufacturing index slipped last month to 58.1 from 60.2 in June. Anything over 50 signals growth, and U.S. manufacturing is on a 23-month winning streak. Seventeen of 18 manufacturing industries (AP Photo/Timothy D. Easley, File)
August 01, 2018 - 10:01 am
WASHINGTON (AP) — U.S. factories grew at a slower pace in July, but American industry remains healthy despite growing concern about trade conflicts. The Institute for Supply Management, a trade group of purchasing managers, said Wednesday that its manufacturing index slipped last month to 58.1 from...
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FILE - In this March 27, 2018 file photo, construction cranes in Southwest Washington are silhouetted against the morning sky as redevelopment continues in the waterfront area of the District of Columbia. Spending on U.S. construction projects fell 1.1 percent in June, the biggest decline in more than a year as spending on public construction dropped at the highest rate in more than five years. The Commerce Department says the decline in June brought total construction spending to a seasonally-adjusted $1.32 trillion, 6.1 percent higher than a year ago. (AP Photo/J. David Ake, File)
August 01, 2018 - 9:32 am
WASHINGTON (AP) — Spending on U.S. construction projects fell 1.1 percent in June, the biggest decline in more than a year as spending on public construction dropped at the highest rate in more than five years. The decline in June brought total construction spending to a seasonally-adjusted $1.32...
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August 01, 2018 - 5:14 am
NEW DELHI (AP) — India's central bank has raised its key interest rate by a quarter of a percentage point to 6.5 percent, saying that global growth has become uneven and risks to the outlook have increased with rising trade tensions. The second interest hike since January 2014 was announced by the...
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August 01, 2018 - 5:11 am
BEIJING (AP) — China's government warned Wednesday it will retaliate if Washington imposes new trade penalties, following a report the Trump administration will propose increasing the tariff rate on an additional $200 billion of Chinese imports. A foreign ministry spokesman, Geng Shuang, said...
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FILE - In this March 17, 2011, file photo, cans of Coca-Cola and Diet Coke sit in a cooler at a deli in Portland, Ore. Items ranging from canned beverages to airline tickets will likely get more expensive, companies warn, as they face higher costs. Procter & Gamble, one of the biggest makers of consumer products, said Tuesday, July 31, 2018, that Pampers prices will increase by an average of 4 percent in North America, while the Bounty, Charmin and Puffs brands could see 5 percent increases. (AP Photo, File)
August 01, 2018 - 2:12 am
The price of a can of Coca-Cola? Likely going up. A package of Pampers? That too. Plane tickets? They also may be more expensive. These items and more may cost more in the coming months as people start feeling the effects of higher fuel prices and raw-material costs as well as a range of tariffs...
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An investor sits in front of private stock trading boards at a private stock market gallery in Kuala Lumpur, Wednesday, Aug. 1, 2018. Asian markets were mixed on Wednesday as traders were unsure if reported efforts by the U.S. and China to restart trade talks would bear fruit. (AP Photo/Vincent Thian)
August 01, 2018 - 1:49 am
SINGAPORE (AP) — Asian shares are mixed as U.S. plans to raise tariffs on $200 billion of Chinese imports and weaker-than-expected manufacturing data weighed on sentiment. KEEPING SCORE: Japan's Nikkei 225 index rose 0.9 percent to 22,746.70 and South Korea's Kospi added 0.5 percent to 2,307.02 on...
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FILE - This Wednesday, Aug. 2, 2017, file photo shows the Federal Reserve Building on Constitution Avenue in Washington. The Federal Reserve is likely to point to strong growth in the economy, low unemployment and rising inflation as reasons to keep on its current path of gradually raising interest rates. The Fed's statement at the end of its two-day meeting will be released Wednesday afternoon, Aug. 1, 2018, in the form of a brief policy statement. (AP Photo/Pablo Martinez Monsivais, File)
August 01, 2018 - 12:17 am
WASHINGTON (AP) — When the Federal Reserve wraps up its latest meeting, it will likely point to strong economic growth, low unemployment and rising inflation as reasons to stay on a path of gradually lifting interest rates. It is unlikely, however, to make any interest rate moves Wednesday. The Fed...
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President Donald Trump speaks during a news conference with Italian Prime Minister Giuseppe Conte in the East Room of the White House, Monday, July 30, 2018, in Washington. Trump has indicated to staff that he won’t try to shut down the federal government before the midterm elections to try to win more money for a wall at the U.S.-Mexico border, administration officials said Tuesday. (AP Photo/Evan Vucci)
July 31, 2018 - 2:07 pm
WASHINGTON (AP) — Will he or won't he? President Donald Trump is sowing confusion about whether he's committed to keeping the government open through the fall elections or would willingly shut it down to secure more money for his promised wall at the U.S.-Mexico border. Trump on Tuesday escalated...
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FILE - In this June 27, 2018, file photo President Donald Trump hugs Senate candidate Rep. Kevin Cramer, R-N.D., during a campaign rally in Fargo, N.D. The conservative Koch brothers' network declared July 30, that it will not help elect Cramer, the Republican Senate candidate in North Dakota, turning its back on the GOP in a marquee election — at least for now — after determining that the Republican challenger is no better than the Democratic incumbent Heidi Heitkamp.(AP Photo/Evan Vucci, File)
July 31, 2018 - 7:32 am
WASHINGTON (AP) — President Donald Trump on Tuesday lashed out at the Koch brothers, tweeting that the billionaire industrialists are a "total joke in real Republican circles" and that he is "a puppet for no one." It's the latest salvo between the president and Charles and David Koch, who did not...
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