Economy

FILE- In this Oct. 24, 2017, file photo, people pass the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, July 20, 2018. (AP Photo/Richard Drew, File)
July 20, 2018 - 1:30 pm
NEW YORK (AP) — U.S. stocks are little changed Friday as traders shrug off the latest trade threats from President Donald Trump and focus on company earnings reports, which contained some better-than-expected results from big names including Microsoft. Banks are rising along with interest rates and...
Read More
FILE - In this July 19, 2018 file photo, President Donald Trump speaks before signing an Executive Order that establishes a National Council for the American Worker during a ceremony in the East Room of the White House in Washington. Trump said he’s willing to hit all imported goods from China with tariffs, sending U.S. markets sliding before the opening bell, Friday, July 20. In a taped interview with the business channel CNBC, Trump said “I’m willing to go to 500,” referring roughly to the $505.5 in goods imported last year from China. (AP Photo/Andrew Harnik, File)
July 20, 2018 - 1:00 pm
The Latest on rising trade tensions following comments by President Donald Trump (all times local): _____ 11:50 a.m. White House Budget Director Mick Mulvaney is defending President Donald Trump's comment lamenting the Federal Reserve's action to raise U.S. interest rates. Mulvaney says he's sure...
Read More
Japanese Prime Minister Shinzo Abe delivers a speech during a press conference at the prime minister's official residence in Tokyo Friday, July 20, 2018. (AP Photo/Eugene Hoshiko)
July 20, 2018 - 10:15 am
TOKYO (AP) — Japan's Prime Minister Shinzo Abe has warned the U.S that higher tariff on auto imports would backfire and harm not only America's jobs and economy but also devastate the global economy. Abe told a news conference marking the end of a Diet session Friday that Japan's auto and auto...
Read More
FILE - In this July 19, 2018 file photo, President Donald Trump speaks before signing an Executive Order that establishes a National Council for the American Worker during a ceremony in the East Room of the White House in Washington. Trump said he’s willing to hit all imported goods from China with tariffs, sending U.S. markets sliding before the opening bell, Friday, July 20. In a taped interview with the business channel CNBC, Trump said “I’m willing to go to 500,” referring roughly to the $505.5 in goods imported last year from China. (AP Photo/Andrew Harnik, File)
July 20, 2018 - 9:40 am
President Donald Trump has indicated that he's willing to hit every product imported from China with tariffs and again criticized the Federal Reserve, as well as some of the nation's biggest trading partners. The comments sent U.S. markets sliding early Friday. In a taped interview with the...
Read More
July 20, 2018 - 9:18 am
HARRISBURG, Pa. (AP) — Pennsylvania saw its unemployment rate drop for the second straight month, hitting a new post-recession low, as payrolls expanded slightly. The state Department of Labor and Industry said Friday that Pennsylvania's unemployment rate dropped two-tenths of a percentage point to...
Read More
People cross the road in front of an electronic board showing Hong Kong share index outside a bank in Hong Kong, Friday, July 20, 2018. Asian markets wobbled on Friday on signs that China and the U.S. were readying for the imposition of more tariffs on one another. (AP Photo/Kin Cheung)
July 20, 2018 - 7:17 am
SINGAPORE (AP) — World stock markets fell sharply Friday after U.S. President Donald Trump said he was prepared to put new tariffs on all Chinese imports, escalating the rhetoric in a trade war that could hit global economic growth. KEEPING SCORE: From being up slightly earlier in the day, European...
Read More
Chinese President Xi Jinping, receives by Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, at the Presidential Palace in Abu Dhabi, United Arab Emirates, Friday, July 20, 2018. (AP Photo/Malak Harb)
July 20, 2018 - 6:26 am
ABU DHABI, United Arab Emirates (AP) — Chinese President Xi Jinping is in the United Arab Emirates meeting with top leaders as the two countries seek to deepen economic ties. Xi, his Foreign Minister Wang Yi, and other Chinese officials held morning meetings Friday with Abu Dhabi's powerful crown...
Read More
People walk past a mural displaying world currency symbols on the outside of a bank in Beijing, Friday, July 20, 2018. China's central bank is allowing its tightly controlled yuan to drift lower against the dollar, a move that could help exporters cope with U.S. tariff hikes but raises the risk of reigniting an outflow of capital Beijing spent months trying to stanch. (AP Photo/Mark Schiefelbein)
July 20, 2018 - 4:50 am
BEIJING (AP) — China's central bank is allowing its tightly controlled currency to drift lower against the dollar, a move that could help Chinese exporters cope with U.S. tariff hikes but also might reignite an outflow of capital Beijing spent months trying to stanch. On Friday, the yuan dipped to...
Read More
Federal Reserve Board Chair Jerome Powell testifies during a House Committee on Financial Services hearing, Wednesday, July 18, 2018, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
July 20, 2018 - 2:00 am
WASHINGTON (AP) — President Donald Trump on Thursday cast aside concerns about the Federal Reserve's independence, saying he was "not happy" with the Fed's recent interest rate increases. Trump told CNBC in an interview: "I don't like all of this work that we're putting into the economy and then I...
Read More
People cross the road in front of an electronic board showing Hong Kong share index outside a bank in Hong Kong, Friday, July 20, 2018. Asian markets wobbled on Friday on signs that China and the U.S. were readying for the imposition of more tariffs on one another. (AP Photo/Kin Cheung)
July 19, 2018 - 11:50 pm
SINGAPORE (AP) — Asian markets wobbled Friday on signs that China and the U.S. were preparing to impose more tariffs on each other's products. KEEPING SCORE: Japan's Nikkei 225 lost 0.5 percent to 22,652.42 and South Korea's Kospi dropped less than 0.1 percent to 2,281.69. Hong Kong's Hang Seng...
Read More

Pages