Economy

October 01, 2019 - 11:35 pm
WASHINGTON (AP) — The Trump administration on Tuesday announced it is stopping imports of clothing, gold, diamonds and other items believed to have been produced with forced labor by companies based in Brazil, China and Malaysia as well as some gold mined in eastern Congo and diamonds from a region...
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FILE - This July 14, 2010, file photo, shows a Charles Schwab office in Oakland, Calif. Charles Schwab is dropping commissions for online trading of U.S. stocks and exchange-traded funds, the latest slash in an industry battle that’s drastically cut the cost of investing. The announcement on Tuesday, Oct. 1, 2019, sent shares of other brokerages plummeting. (AP Photo/Paul Sakuma, File)
October 01, 2019 - 4:49 pm
NEW YORK (AP) — Charles Schwab is dropping commissions for online trading of U.S. stocks and exchange-traded funds, the latest slash in an industry battle that's drastically cut the cost of investing. Tuesday's announcement sent shares of other brokerages plummeting. TD Ameritrade lost 25.8%, its...
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FILE - In this Sept. 18, 2019, file photo stock prices are displayed at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Oct. 1. (AP Photo/Mark Lennihan, File)
October 01, 2019 - 2:53 pm
NEW YORK (AP) — U.S. stocks sank to their worst loss in five weeks on Tuesday after a surprisingly limp report on the nation's manufacturing stirred worries about the economy's strength. The report showed that manufacturing weakened in September for the second straight month as President Donald...
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Pyrotechnics create the words "Long Live the People" during the gala evening held on Tiananmen Square for the 70th anniversary of the founding of the People's Republic of China in Beijing on Tuesday, Oct. 1, 2019. Tiananmen Square is both where leader Mao Zedong declared the founding of the People's Republic of China in 1949 and where pro-democracy protesters rallied in 1989 before being quashed by the military in a bloody crackdown. (AP Photo/Ng Han Guan)
October 01, 2019 - 11:35 am
BEIJING (AP) — China's Communist Party marked 70 years in power with a military parade Tuesday that showcased the country's global ambitions while police in Hong Kong fought protesters in a reminder of strains at home. Trucks carrying nuclear missiles designed to evade U.S. defenses, a supersonic...
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In this Sept. 18, 2019, photo a Puckett Machinery Company technician walks past a new heavy duty Caterpillar excavator that awaits modification at Puckett Machinery Company in Flowood, Miss. On Tuesday, Oct. 1, the Institute for Supply Management, a trade group of purchasing managers, issues its index of manufacturing activity for September. (AP Photo/Rogelio V. Solis)
October 01, 2019 - 11:11 am
WASHINGTON (AP) — U.S. factory activity hit its lowest level in more than a decade, as President Donald Trump's trade wars take a toll on American manufacturing. The Institute for Supply Management, an association of purchasing managers, said Tuesday that its manufacturing index shrank for the...
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A motorway overhead matrix sign on the M3 motorway warms motorists about possible changes to EU freight papers, near Camberley, south-east England, Monday Sept. 30, 2019. Uncertainty persists over Britain's Brexit split from the European Union bloc, although Britain's Prime Minister Boris Johnson has vowed that Britain will leave on the scheduled date of Oct. 31, with or without a deal. (Steve Parsons/PA via AP)
October 01, 2019 - 7:38 am
MANCHESTER, England (AP) — British Prime Minister Boris Johnson confirmed Tuesday that Britain will make firm proposals for a new divorce deal with the European Union within days, saying "this is the moment when the rubber hits the road." Britain is due to leave the 28-nation bloc at the end of...
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Clouds pass over the European Central Bank building, center, in Frankfurt, Germany, early Saturday, Sept. 28, 2019. (AP Photo/Michael Probst)
October 01, 2019 - 6:17 am
BRUSSELS (AP) — Inflation in the 19-country eurozone weakened in September, slipping farther from the European Central Bank's goal and underlining President Mario Draghi's arguments for a recent stimulus package. Statistics agency Eurostat said Tuesday that the annual inflation rate eased to 0.9%...
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In this Sept. 30, 2019, photo, a signboard says "Consumption tax hike, 8 percent to 10 percent", at a mass home electronics retailer in Tokyo. Japan has raised consumption tax to 10 percent from 8 percent, amid concerns that it could sink the Japanese economy though government officials say ample measures are taken to minimize the impact. (Shinji Kita/Kyodo News via AP)
October 01, 2019 - 4:14 am
TOKYO (AP) — Japan raised its national sales tax to 10% from 8% on Tuesday, risking short-term pain for the sake of the country's future financial stability as it copes with a fast aging and shrinking population. Previous tax increases, a 2-point increase to 5% in 1997 and another to 8% in 2014,...
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FILE - In this Sept. 18, 2019, photo stock prices are displayed at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, Sept. 30. (AP Photo/Mark Lennihan, File)
September 30, 2019 - 4:39 pm
NEW YORK (AP) — U.S. stocks climbed on Monday and gave one last nudge to ensure the S&P 500 emerges from yet another tumultuous quarter with a modest gain. As has been the case throughout the quarter, movements in President Donald Trump's trade war with China helped drive the market on Monday...
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European Commissioner designate for Trade Phil Hogan arrives for his hearing at the European Parliament in Brussels, Monday, Sept. 30, 2019. (AP Photo/Virginia Mayo)
September 30, 2019 - 1:53 pm
BRUSSELS (AP) — The Irishman set to take over as the European Union's top trade official says he hopes the United States and the bloc can accelerate trade talks and avoid a tit-for-tat tariff war over Airbus and Boeing. At a hearing by lawmakers Monday assessing his suitability to become next EU...
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