Economy

House Speaker Nancy Pelosi of Calif., gestures while speakings during a news conference on Capitol Hill in Washington, Thursday, Oct. 17, 2019. (AP Photo/Pablo Martinez Monsivais)
October 17, 2019 - 8:10 pm
WASHINGTON (AP) — House Speaker Nancy Pelosi is plowing ahead with her bill to allow Medicare to negotiate prescription drug prices despite a breakdown in relations with her chief bargaining partner on the issue — President Donald Trump. The nonpartisan Congressional Budget Office has estimated the...
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Vice President Mike Pence speaks at the U.S. ambassador's residence during a news conference with Secretary of State Mike Pompeo after their meeting with Turkish President Recep Tayyip Erdogan, Thursday, Oct. 17, 2019, in Ankara, Turkey. Pence says the U.S. and Turkey have agreed to a cease-fire in Syria. (AP Photo/Jacquelyn Martin)
October 17, 2019 - 4:44 pm
ANKARA, Turkey (AP) — The U.S. and Turkey agreed Thursday to a cease-fire in the Turks' deadly attacks on Kurdish fighters in northern Syria, requiring the Kurds to vacate the area in an arrangement that largely solidifies Turkey's position and aims in the weeklong conflict. The deal includes a...
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International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a news conference during the World Bank/IMF Annual Meetings in Washington, Thursday, Oct. 17, 2019. (AP Photo/Jose Luis Magana)
October 17, 2019 - 2:27 pm
WASHINGTON (AP) — The International Monetary Fund's new leader said Thursday that a trade truce between the United States and China could trim expected losses to the world economy but won't be enough to produce strong global growth. Before last week's tentative trade agreement, the IMF had...
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FILE - In this Oct. 8, 2019, file photo specialist Brian Fairbrother, left, and trader Philip Powers work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Oct. 17. (AP Photo/Richard Drew, File)
October 17, 2019 - 1:45 pm
Stocks moved broadly higher in afternoon trading on Wall Street Thursday after several large companies delivered surprisingly good results. A breakthrough in negotiations over Britain's exit from the European Union also injected confidence into markets and prompted investors to move money into...
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Winemakers taste rose in the production facility of the Chateau Sainte Roseline in the southern France region of Provence Friday Oct. 11, 2019. European producers of premium specialty agricultural products like French wine, Italian Parmesan and Spanish olives are facing Friday’s U.S. tariff hike with a mix of trepidation and indignation at being dragged into a trade war over the fiercely competitive aerospace industry.(AP Photo/Daniel Cole)
October 17, 2019 - 12:25 pm
MILAN (AP) — European producers of specialty agricultural products like French wine, Italian Parmesan and Spanish olives are facing a U.S. tariff hike due Friday with a mix of trepidation and indignation at being dragged into a trade war they feel they have little to do with. The tariffs on $7.5...
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FILE - In this Sept. 13, 2019, file photo the logo for Union Pacific appears above a trading post on the floor of the New York Stock Exchange. Union Pacific Corp. reports financial results Thursday, Oct. 17. (AP Photo/Richard Drew, File)
October 17, 2019 - 11:45 am
OMAHA, Neb. (AP) — The slowing economy and ongoing trade disputes are dragging railroad profits down in the second half of the year. Two railroads, Union Pacific and CSX, have reported declining profit and revenue this week as they hauled less grain, imported goods and other products. Union Pacific...
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In this Sept. 3, 2019 photo a for sale sign, top, rests in front of a newly constructed home, in Norwood, Mass. On Thursday, Oct. 17, the Commerce Department reports on U.S. home construction in September. (AP Photo/Steven Senne)
October 17, 2019 - 9:01 am
WASHINGTON (AP) — U.S. home building fell last month, driven by a sharp decline in the construction of new apartments. The Commerce Department said Thursday that housing starts dropped 9.4% to a seasonally adjusted annual rate of 1.26 million. The construction of new apartments plunged 28.3% to an...
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In this Oct. 8, 2019, photo, Associated Press journalists visit the Sustainability Pavilion at the under construction site of the Expo 2020 in Dubai, United Arab Emirates. Its Sustainability Pavilion, which recalls the towers of New York’s 1964 world’s fair, will be covered in solar panels and surrounded by similarly paneled “energy trees” to make it a zero-energy structure. (AP Photo/Kamran Jebreili)
October 17, 2019 - 6:21 am
DUBAI, United Arab Emirates (AP) — Dubai is betting billions of dollars that its Expo 2020 will draw 25 million visitors, encourage business and spur development of the city. However, this world's fair comes as Dubai's real estate market shows signs of faltering amid global economic woes. Fears of...
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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Oct. 17, 2019. Asian shares were mixed Thursday after officials signaled work remains to be done on an agreement for a truce in the tariff war between the U.S. and China. (AP Photo/Ahn Young-joon)
October 17, 2019 - 4:54 am
BANGKOK (AP) — World shares were mixed Thursday as investors waited to see if Britain and the European Union will be able to reach an agreement on the UK's departure from the bloc. Talks were still underway as British Prime Minister Boris Johnson and his 27 EU counterparts were converging on...
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Ryan Piper with the United Auto Workers continues to picket after news of a tentative contract agreement with General Motors, in Langhorne, Pa., Wednesday, Oct. 16, 2019. Bargainers for General Motors and the United Auto Workers reached a tentative contract deal on Wednesday that could end a monthlong strike that brought the company's U.S. factories to a standstill. (AP Photo/Matt Rourke)
October 16, 2019 - 11:17 pm
DETROIT (AP) — On the picket lines at a General Motors transmission plant in Toledo, Ohio, passing cars honked and striking workers celebrated a tentative contract deal by munching on 10 pizzas dropped off by a supporter. They had carried signs for 31 days and demonstrated the muscle the United...
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