Economy

Sen. Doug Jones, D-Ala., joins Americans who work for international auto companies to demonstrate against trade tariffs they say will negatively impact U.S. auto manufacturing, on Capitol Hill in Washington, Thursday, July 19, 2018. (AP Photo/J. Scott Applewhite)
July 19, 2018 - 12:02 pm
WASHINGTON (AP) — The Latest on a U.S. Commerce Department hearing Thursday into whether imports of cars, trucks and auto parts pose a threat to American national security that would justify hitting them with tariffs (all times local): ___ 11:55 a.m. Auto dealers are coming out against the proposed...
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European Commission President Jean-Claude Juncker, left and European Council President Donald Tusk, second from left meet Chinese President Xi Jinping, unseen during a meeting at the Diaoyutai State Guesthouse in Beijing, China, Monday, July 16, 2018. (AP Photo/Ng Han Guan)
July 19, 2018 - 9:03 am
BRUSSELS (AP) — The European Union says it is already preparing measures to retaliate against the United States if President Donald Trump puts tariffs on imported cars and auto parts. The auto industry is a big employer and exporter in Europe, and the new tariffs could hit the region hard, as well...
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July 19, 2018 - 6:56 am
LONDON (AP) — The British pound has fallen below $1.30 for the first time in ten months after disappointing retail sales news raised further questions over whether the Bank of England will raise interest rates next month. In midday trading Thursday, the pound was down 0.6 percent at $1.2992. Over...
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A bank employee stands near screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Thursday, July 19, 2018. Asian stock markets drifted without a clear direction on Thursday while investors wait and see further developments on global trade disputes. (AP Photo/Lee Jin-man)
July 19, 2018 - 5:48 am
SEOUL, South Korea (AP) — Global stock markets were drifting lower Thursday as investors awaited further moves in global trade disputes with the U.S. soon to make a key decision on auto tariffs. Its trading partners in Europe and Asia could retaliate in kind, denting one of the key drivers of...
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In this June 18, 2018, photo, container ship is docked at a port in Tokyo. Japan’s trade surplus jumped 66 percent year-on-year in June on strong growth in shipments to China and other Asian countries, though exports and imports with the U.S. weakened. Preliminary data released Thursday, July 19,2018, by the Finance Ministry showed exports rose 6.7 percent in June from a year earlier to 7.1 trillion yen ($62 billion) on strong demand for machinery, food, metals and computers. Imports climbed 2.5 percent to 6.3 trillion yen ($66 billion). The resulting 721.4 billion yen ($6.4 billion) surplus compared with a surplus of 433 billion yen a year earlier. (AP Photo/Koji Sasahara)
July 19, 2018 - 12:51 am
TOKYO (AP) — Japan's trade surplus jumped 66 percent year-on-year in June on strong growth in shipments to China and other Asian countries, though exports and imports with the U.S. weakened. Preliminary data released Thursday by the Finance Ministry showed exports rose 6.7 percent in June from a...
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A bank employee stands near screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Thursday, July 19, 2018. Asian stock markets drifted without a clear direction on Thursday while investors wait and see further developments on global trade disputes. (AP Photo/Lee Jin-man)
July 19, 2018 - 12:49 am
SEOUL, South Korea (AP) — Asian stock markets were drifting Thursday in mixed trading as investors awaited further moves in global trade disputes. KEEPING SCORE: Japan's Nikkei 225 added 0.2 percent to 22,839.59, while South Korea's Kospi shed 0.2 percent to 2,285.99. Hong Kong's Hang Seng edged 0...
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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 18, 2018 - 2:24 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says that the central bank has tools it could use to cushion the adverse effects a trade war might have on the economy. But he tells Congress the effort could be challenging if higher tariffs push inflation up too sharply. Powell says if the...
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July 18, 2018 - 1:23 pm
WASHINGTON (AP) — The Commerce Department has started an investigation into the impact of uranium imports on U.S. national security, a move that could limit future imports and add another front to the Trump administration's trade fight. Commerce Secretary Wilbur Ross said Wednesday that the United...
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Federal Reserve Board Chair Jerome Powell attends a House Committee on Financial Services hearing, Wednesday, July 18, 2018, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
July 18, 2018 - 12:20 pm
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's congressional appearance to deliver the Fed's semi-annual monetary policy report. (all times local) ___ 11:50 a.m. Powell is getting praise from lawmakers for his efforts to avoid economic jargon in explaining what the Federal...
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FILE In this this June 27, 2018 file photo, construction continues on a home behind a for sale sign in Waukee, Iowa. U.S. homebuilders sharply curtailed the pace of construction in June as housing starts plummeted 12.3 percent. The Commerce Department said Wednesday, July 18, that housing starts fell to a seasonally adjusted annual rate of 1.17 million from 1.34 million in May. (AP Photo/Charlie Neibergall, File)
July 18, 2018 - 9:14 am
WASHINGTON (AP) — U.S. homebuilders sharply curtailed the pace of construction in June as housing starts plummeted 12.3 percent. The Commerce Department said Wednesday that housing starts fell to a seasonally adjusted annual rate of 1.17 million from 1.34 million in May. June's pace of construction...
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