Economy

May 21, 2019 - 10:01 am
WASHINGTON (AP) — U.S. home sales slipped 0.4% in April, as would-be homebuyers face affordability challenges and a limited supply of starter houses. The National Association of Realtors says that existing homes sold at a seasonally adjusted annual rate of 5.19 million last month, down from 5.21...
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May 21, 2019 - 9:42 am
NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are opening higher on Wall Street Tuesday as technology companies rebound from a sell-off a day earlier. Chipmakers rallied after the U.S. government issued a 90-day grace period on its order to...
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FILE - In this May 16, 2018 file photo, a man enters the JC Penney store at the Manhattan mall in New York. J.C. J.C. Penney Co. (JCP) on Tuesday, May 21, 2019. reported a loss of $154 million in its fiscal first quarter. The Plano, Texas-based company said it had a loss of 48 cents per share. Losses, adjusted for one-time gains and costs, came to 46 cents per share. The results missed Wall Street expectations. (AP Photo/Mary Altaffer, File)
May 21, 2019 - 8:33 am
NEW YORK (AP) — J.C. Penney and Kohl's struggled during the start of the year, raising concern about the challenges for the department store industry ahead. Penney reported a wider than expected loss and sales declines during the first quarter while Kohl's cut its fiscal 2020 profit outlook as it...
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A man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Tuesday, May 21, 2019. Asian stocks were mixed Tuesday after anxiety over U.S. restrictions on sales to Chinese tech giant Huawei pulled Wall Street lower. (AP Photo/Vincent Yu)
May 21, 2019 - 8:31 am
BEIJING (AP) — Most global stock markets rose Tuesday after the U.S. government issued a 90-day grace period on its order to bar U.S. firms from selling to Chinese telecom gear maker Huawei. The reprieve eases the immediate hit on U.S. suppliers and has at least temporarily quelled investors'...
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In this photo taken Monday, May 20, 2019, residents enjoy a cool evening near a Huawei store in Beijing. The Trump administration's sanctions against Huawei have begun to bite even though their dimensions remain unclear. U.S. companies that supply the Chinese tech powerhouse with computer chips saw their stock prices slump Monday, and Huawei faces decimated smartphone sales with the anticipated loss of Google's popular software and services. (AP Photo/Ng Han Guan)
May 21, 2019 - 7:50 am
BEIJING (AP) — The founder of Huawei expressed confidence Washington's curbs on sales to the Chinese tech giant will have little impact and said Tuesday it is discussing "emergency relief" from Google for possible loss of services for its smartphone business. Huawei Technologies Ltd., the biggest...
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FILE - This Oct. 24, 2016, file photo shows dollar bills in New York. Almost the entire 2020 Democratic presidential field has joined the labor movement driven by fast food workers to implement a federal minimum wage of $15. (AP Photo/Mark Lennihan, File)
May 20, 2019 - 11:53 am
From liberal firebrands Bernie Sanders and Elizabeth Warren to moderates Joe Biden and John Hickenlooper, nearly the entire 2020 Democratic presidential field agrees that the federal minimum wage should be more than doubled, to $15 an hour. That near-unanimity reflects the success of an unorthodox...
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FILE - In this May 13, 2019 file photo, the NYSE logo is displayed at the New York Stock Exchange. A broad slide by technology companies pushed U.S. stocks lower in morning trading on Wall Street Monday, May 20 extending losses into another week. The U.S. decision to ban technology sales to China’s Huawei hammered the technology sector, particularly chipmakers. (AP Photo/Mark Lennihan, File)
May 20, 2019 - 11:48 am
NEW YORK (AP) — A broad slide by technology companies pushed U.S. stocks lower in late morning trading on Wall Street Monday, extending losses into another week. The U.S. decision to ban technology sales to China's Huawei hammered the technology sector, particularly chipmakers. About one-third of...
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FILE - In this June 20, 2018 file photo, Catoctin Creek Distillery whiskey is on display in a tasting room in Purcellville, Va. American whiskey producers feeling the pain from the Trump administration’s trade disputes have gotten a shot of relief with an agreement announced Friday, May 24, 2019 that will end retaliatory tariffs that Canada and Mexico slapped on whiskey and other U.S. products. (AP Photo/Steve Helber, File)
May 20, 2019 - 11:03 am
LOUISVILLE, Ky. (AP) — American whiskey producers feeling the pain from the Trump administration's trade disputes have gotten a shot of relief with an agreement that will end retaliatory tariffs that Canada and Mexico slapped on whiskey and other U.S. products. The whiskey industry hailed the...
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FILE - In this April 29, 2019, file photo, Palestinian President Mahmoud Abbas, center, chairs a session of the weekly cabinet meeting in the West Bank city of Ramallah. The Trump administration will unveil the first phase of its long-awaited blueprint for Mideast peace next month at a conference in the region designed to highlight economic benefits that could be reaped if the Israeli-Palestinian conflict is resolved, the White House said Sunday, May 19. Jared Kushner and Jason Greenblatt, envoy of international negotiations, have been leading efforts to write the plan, but so far, there's been no participation from the Palestinians. (AP Photo/Majdi Mohammed, Pool, File)
May 20, 2019 - 9:41 am
JERUSALEM (AP) — The Palestinian prime minister said Monday that any American peace plan that ignores the Palestinian people's aspirations for an independent state is doomed to fail. Mohammad Shtayyeh's comments immediately cast a cloud over the American-led Mideast peace conference expected to...
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May 20, 2019 - 9:40 am
NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. A sell-off in shares of chipmakers is pushing U.S. stocks lower as Wall Street begins trading Monday. Companies are taking steps to comply with the Trump administration's decision to restrict technology...
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