Economy

FILE - In this Oct. 13, 2019, file photo a farmer harvests soybeans in a field near Concordia, Mo. On Wednesday, Jan. 15, 2020, the Labor Department releases the Producer Price Index for December. (AP Photo/Charlie Riedel, File)
January 15, 2020 - 7:43 am
WASHINGTON (AP) — U.S. wholesale prices rose a slight 0.1% in December as a jump in the cost of energy was offset by falling food prices. The Labor Department said Wednesday the December increase in its producer price index, which measures inflation pressures before they reach the consumer,...
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FILE - In this Aug. 12, 2019, file photo, protesters surround banners that read: "Those on the street today are all warriors!" center top, and "Release all the detainees!" during a sit-in rally at the arrival hall of the Hong Kong International airport in Hong Kong. Visitor numbers to Hong Kong fell by nearly 40% in the second half of last year amid clashes between police and anti-government protesters. (AP Photo/Vincent Thian, File)
January 15, 2020 - 5:55 am
HONG KONG (AP) — Visitor numbers to Hong Kong fell by nearly 40% in the second half of last year amid clashes between police and anti-government protesters. The Hong Kong Tourism Board said Wednesday that the numbers of those visiting the Asian financial hub started to drop off in July as protests...
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In this Dec. 31, 2019, photo provided by Siobhan Threlfall, fire and thick smoke remains the village of Nerrigundah, Australia. The tiny village has been among the hardest hit by Australia's devastating wildfires, with about two thirds of the homes destroyed and a 71-year-old man killed. (AP Photo/Siobhan Threlfall)
January 15, 2020 - 5:29 am
LONDON (AP) — Environmental issues make up the top five risks to the global economy for the coming decade, organizers of next week's World Economic Forum in the Swiss ski resort of Davos said Wednesday. Citing a survey of hundreds of key decision-makers, the WEF pointed to potentially catastrophic...
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Mark Carney, Governor of the Bank of England speaks at a Bank of England Financial Stability Report Press Conference, in London, Monday, Dec. 16, 2019. (AP Photo/Kirsty Wigglesworth,pool)
January 15, 2020 - 4:07 am
LONDON (AP) — Inflation in Britain has fallen to its lowest level since late 2016, official figures showed Wednesday, in a development that is likely to heighten expectations that the Bank of England will cut interest rates later this month. The Office for National Statistics said consumer prices...
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A cargo ship passes the buildings of the banking district on the river Main in Frankfurt, Germany, Monday, Dec. 30, 2019. (AP Photo/Michael Probst)
January 15, 2020 - 3:46 am
BERLIN (AP) — The German economy grew by 0.6% last year, its worst performance since 2013, as export growth slowed and manufacturing was weak. The figure released Wednesday by the Federal Statistical Office was in line with economists' forecast for Europe's biggest economy. It was the 10th...
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A currency trader talks on the phone at the foreign exchange dealing room in Seoul, South Korea, Wednesday, Jan. 15, 2020. Asian shares have retreated as conflicting reports raised concerns over the likely outcome of a trade deal to be signed by the U.S. and China. (AP Photo/Lee Jin-man)
January 15, 2020 - 3:40 am
BANGKOK (AP) — World shares were mostly lower on Wednesday as conflicting reports raised concerns over the likely outcome of a trade deal to be signed by the U.S. and China. Britain's FTSE 100 edged 0.1% higher to 7,628.81, while the CAC 40 in Paris was flat at 6,039.14. In Germany, the DAX lost 0...
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A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Wednesday, Jan. 15, 2020. Asian shares have retreated as conflicting reports raised concerns over the likely outcome of a trade deal to be signed by the U.S. and China. (AP Photo/Lee Jin-man)
January 15, 2020 - 1:58 am
BANGKOK (AP) — Shares retreated in Asia on Wednesday as conflicting reports raised concerns over the likely outcome of a trade deal to be signed by the U.S. and China. Japan's Nikkei 225 index lost 0.5% to 23,916.58 while the Hang Seng in Hong Kong dropped 0.6% to 28,722.86. The Shanghai Composite...
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January 14, 2020 - 6:44 pm
DETROIT (AP) — The Trump administration is signaling that it could increase fuel economy standards, possibly compromising on its push to freeze them at 2020 levels. In one of the administration's hardest-fought battles to roll back Obama-era environmental regulations, two federal agencies submitted...
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FILE - In this Oct. 21, 2013, file photo, the JPMorgan Chase logo is displayed at their headquarters in New York. Banking giant JPMorgan Chase said that its fourth-quarter profits jumped 21% from a year earlier, as the bank's trading desks had a blowout quarter. A sharp increase in JPMorgan's trading business made up for declining interest rates, which impacted other parts of the bank. (AP Photo/Seth Wenig, File)
January 14, 2020 - 12:50 pm
NEW YORK (AP) — So far, it appears 2019 was another record year for Wall Street. Trading of stocks and bonds rebounded after a terrible end to 2018 and consumers spent tons of money on their credit cards, buoyed by a strong job market and steady economic growth. On Tuesday, JPMorgan Chase reported...
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FILE - In this Dec. 23, 2019 file photo released by the Atomic Energy Organization of Iran, technicians work at the Arak heavy water reactor's secondary circuit, as officials and media visit the site, near Arak, Iran. Britain, France and Germany said Tuesday Jan. 14, 2020, they are triggering a dispute mechanism that is part of the nuclear deal with Iran over its failure to live up to terms of the pact. (Atomic Energy Organization of Iran via AP, File)
January 14, 2020 - 8:54 am
BRUSSELS (AP) — Britain, France and Germany ratcheted up pressure on Iran Tuesday to cease its violations of a landmark nuclear deal, stressing that they want to resolve differences through talks while starting the clock on a process that could result in a so-called “snapback” of United Nations...
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