Economy

April 25, 2018 - 1:23 pm
Governor Wolf Announces IRIS USA Expanding into Pennsylvania and Creating 95 New Jobs in Luzerne County Harrisburg, PA – Today, Governor Tom Wolf announced that IRIS USA (IRIS), a manufacturer and distributor of injection-molded plastic products, will expand operations into Pennsylvania and...
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A man walks by an electronic stock board of a securities firm in Tokyo, Wednesday, April 25, 2018. Asian shares dipped Wednesday, mirroring a sell-off on Wall Street on worries over slowing growth and falling profits. (AP Photo/Koji Sasahara)
April 25, 2018 - 8:14 am
TOKYO (AP) — Global shares dropped Wednesday and Wall Street was set to edge slightly lower on the open amid worries over a rise in the cost of borrowing and companies' raw materials. KEEPING SCORE: France's CAC 40 was down 0.8 percent to 5,399, while Germany's DAX fell 1.7 percent to 12,343...
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April 25, 2018 - 5:59 am
BEIJING (AP) — China's foreign ministry said Wednesday that it welcomes a planned visit by U.S. Treasury Secretary Steve Mnuchin to Beijing next week amid trade tensions between the world's two largest economies. Foreign ministry spokesman Lu Kang said Wednesday that China looks forward to the...
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FILE- This April 5, 2018, file photo shows the facade of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, April 25. (AP Photo/Richard Drew, File)
April 24, 2018 - 10:26 pm
TOKYO (AP) — Asian shares dipped Wednesday, mirroring a sell-off on Wall Street on fears about slowing growth and falling company profits. KEEPING SCORE: Japan's benchmark Nikkei 225 slipped 0.6 percent to 22,135.07 in early trading. Hong Kong's Hang Seng was down 1.1 percent to 30,298.60, and the...
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April 24, 2018 - 6:18 pm
WASHINGTON (AP) — President Donald Trump said Tuesday that Treasury Secretary Steven Mnuchin will soon travel to China for talks as the two global economic powers deal with trade tensions. Trump said during a White House news conference with French President Emmanuel Macron that Mnuchin will be...
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April 24, 2018 - 12:39 pm
WASHINGTON (AP) — Democratic Sen. Mark Warner of Virginia is warning bankers that legislation rolling back financial rules put in place after the 2008 economic crisis could stall. Warner says legislation revamping the law known as Dodd-Frank "will not pass if it comes back to the Senate" for...
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FILE - In this Nov. 27, 2017, file photo, Mick Mulvaney speaks during a news conference after his first day as acting director of the Consumer Financial Protection Bureau in Washington. The Dodd-Frank Act created a “Bureau of Consumer Financial Protection” in 2010. But, except for the occasional court filing, the bureau was consistently referred to as the Consumer Financial Protection Bureau, or CFPB. Mulvaney took over the CFPB as acting director in late November. Since then, the bureau has increasingly referred to itself as the Bureau of Consumer Financial Protection, or by the acronym “BCFP.” (AP Photo/Jacquelyn Martin, File)
April 24, 2018 - 11:49 am
NEW YORK (AP) — The Consumer Financial Protection Bureau is dead. Long live the Bureau of Consumer Financial Protection. That's the message the Trump administration is pushing, at least, in what on the surface seems like a minor tweak to the name of the federal consumer watchdog agency created...
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FILE - In this March 6, 2018, photo a home across the street from the Apple campus is advertised as sold in Sunnyvale, Calif. On Tuesday, April 24, the Standard & Poor's/Case-Shiller 20-city home price index for February is released. (AP Photo/Marcio Jose Sanchez, File)
April 24, 2018 - 9:33 am
WASHINGTON (AP) — U.S. home prices jumped in February as buyers compete fiercely over a dwindling number of properties for sale. The S&P CoreLogic Case-Shiller national home price index released Tuesday jumped 6.3 percent in February from a year earlier, matching December's increase. That jump...
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FILE - In this April 19, 2018 file photo, New Zealand's Prime Minister Jacinda Ardern and her partner Clarke Gayford arrive in the East Gallery at Buckingham Palace in London as Queen Elizabeth II hosts a dinner during the Commonwealth Heads of Government Meeting (CHOGM). As citizens of a small and isolated nation, New Zealanders often seek validation from abroad. By that measure, Prime Minister Jacinda Ardern returned triumphant this week from a trip to Europe. (Daniel Leal-Olivas/Pool via AP, File)
April 24, 2018 - 7:33 am
WELLINGTON, New Zealand (AP) — As citizens of a small and isolated nation, New Zealanders often seek validation from abroad. By that measure, Prime Minister Jacinda Ardern returned triumphant this week from a trip to Europe. Ardern met with the leaders of Germany and France and got support for a...
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April 24, 2018 - 4:17 am
BERLIN (AP) — A closely watched survey is showing a bigger-than-expected drop in German business confidence amid worries about international trade tensions. The Ifo institute Tuesday said its monthly barometer of managers' sentiment in Europe's biggest economy declined to 102.1 points for April...
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