Government finance

FILE - In this Thursday, May 30, 2019, file photo, President Donald Trump talks with reporters before departing on Marine One, in Washington. The majority owner of a former Trump-branded hotel in Panama alleged in a court filing on Monday, June 3, 2019, that the U.S. president's company misrepresented finances of the building to evade taxes in the country. (AP Photo/Evan Vucci, File)
June 04, 2019 - 3:21 am
NEW YORK (AP) — The majority owner of a former Trump-branded hotel in Panama alleged in a court filing on Monday that the U.S. president's company misrepresented finances of the building to evade taxes in the country. A filing in New York federal court by property owner Orestes Fintiklis alleges...
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FILE - In this Oct. 26, 2018, file photo, Sen.Bob Casey, D-Pa., speaks to reporters in the studio of KDKA-TV in Pittsburgh. For years the federal government for years has kept under wraps the names of hundreds of nursing homes around the country found to have serious health, safety or sanitary problems. Lawmakers say the silence calls into question the government’s commitment to families going through the difficult process of finding a nursing home for a loved one. The secrecy began to crack Monday when two U.S. senators from Pennsylvania released the government’s list. (AP Photo/Gene J. Puskar, File)
June 03, 2019 - 11:23 pm
WASHINGTON (AP) — The federal government for years has kept under wraps the names of hundreds of nursing homes around the country found by inspectors to have serious ongoing health, safety or sanitary problems. Nearly 400 facilities nationwide had a "persistent record of poor care" as of April, but...
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Illinois deputy governor Christian Mitchell and Illinois state Rep. Kelly Cassidy, D-Chicago, embrace as they celebrate the 66-47 vote in the Illinois House for a bill to legalize recreational marijuana use Friday, May 31, 2019. The vote sends the bill to Gov. J.B. Pritzker who indicated he will sign it. (Ted Schurter/The State Journal-Register via AP)
May 31, 2019 - 4:11 pm
SPRINGFIELD, Ill. (AP) — Illinois is likely to become the 11th state to allow small amounts of marijuana for recreational use after the Democratic-controlled House on Friday sent a legalization plan to Democratic Gov. J.B. Pritzker, who campaigned on the issue. Those 21 and older would be able to...
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May 30, 2019 - 3:18 pm
BOSTON (AP) — Massachusetts has sued a national retailer of electronic cigarette and vaping products, alleging the company violated state law by targeting minors for sales of its merchandise, Attorney General Maura Healey announced Thursday. The complaint filed in Suffolk Superior Court alleges...
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May 30, 2019 - 12:57 pm
LOS ANGELES (AP) — Netflix blinked first and now other major Hollywood studios say they may reevaluate filming in Georgia if the state's abortion law goes into effect. The state is known for its lucrative tax incentives for filming. WarnerMedia on Thursday says in a statement that the company will...
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FILE- In this Aug. 24, 2015, file photo specialist Frank Masiello is reflected in his screen on the floor of the New York Stock Exchange. The bond market is getting another whiff of a recession Bonds are supposed to be the boring corner of the finance world, but even high-flying stock investors stop and pay attention when they fall into a particular, concerning pattern. It’s called an “inverted yield curve,” and it happens when investors are willing to accept lower yields for long-term U.S. government bonds than for short-term debt. It’s been a relatively reliable predictor for recessions, and it’s happening again.(AP Photo/Richard Drew, FIle)
May 30, 2019 - 10:02 am
NEW YORK (AP) — The scent of a possible recession is wafting through the bond market again. Bonds are supposed to be the boring corner of the finance world, but even high-flying stock investors stop and pay attention when they fall into a particular, concerning pattern. It's called an "inverted...
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A man sits with a bowl asking for money in the central business district of Christchurch, New Zealand, Thursday, May 30, 2019. The liberal-led government on Thursday unveiled the country's first so-called well-being budget, which aims to measure social outcomes like health and the environment alongside traditional metrics such as economic growth. (AP Photo/Mark Baker)
May 29, 2019 - 11:35 pm
WELLINGTON, New Zealand (AP) — New Zealand's government announced Thursday it will spend billions of dollars more on mental health services and combatting child poverty as part of a new approach to its finances. The liberal-led government unveiled the country's first so-called well-being budget. It...
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Trader Jonathan Corpina works on the floor of the New York Stock Exchange, Wednesday, May 29, 2019. Stocks are getting off to a weak start on Wall Street led by drops in technology and health care companies. (AP Photo/Richard Drew)
May 29, 2019 - 2:49 pm
U.S. stocks sped toward their first monthly loss of 2019 Wednesday as investors shift money into the safety of bonds while fleeing high-risk holdings in the health care and technology sectors. All the major stock indexes fell in late-afternoon trading on Wall Street as the broad sell-off put the...
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European flags blow in front of the European Central Bank as the sun rises in Frankfurt, Germany, Sunday, May 26, 2019. (AP Photo/Michael Probst)
May 29, 2019 - 3:48 am
FRANKFURT, Germany (AP) — The European Central Bank says that challenges to financial stability in the eurozone have risen amid global trade tensions, and warns that indebted governments such as Italy could run into trouble if they don't heed rules limiting debt and deficits. The warning in an ECB...
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The Fiat Chrysler Automobiles logo appears above a post on the floor of the New York Stock Exchange, Tuesday, May 28, 2019. Fiat Chrysler is proposing a merger with French carmaker Renault aimed at saving billions of dollars for both companies. (AP Photo/Richard Drew)
May 28, 2019 - 2:36 pm
Stocks turned broadly lower on Wall Street in afternoon trading Tuesday as investors shifted money into bonds, sending yields to their lowest level in nearly two years. Surging demand for government bonds dragged the yield on the 10 year Treasury to 2.26%, its lowest level since September 2017...
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