Economy

FILE - In this Oct. 8, 2014, file photo, an American flag flies in front of the New York Stock Exchange in New York. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Feb. 22, 2018. (AP Photo/Mark Lennihan, File)
February 22, 2018 - 2:27 pm
U.S. stocks were moving broadly higher Thursday after a two-day losing streak. Industrials and technology stocks accounted for a big slice of the rally. Energy companies also notched solid gains as crude oil prices recovered from an early slide. Bond yields declined after spiking to four-year highs...
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FILE - In the this Feb. 16, 2018, file photo released by Japan's Ministry of Defense shows what it says North Korean-flagged tanker Yu Jong 2, left, and Min Ning De You 078 lying alongside in the East China Sea. China says it is "highly concerned" about a reported ship-to-ship transfer on the high seas that could violate U.N. sanctions on North Korea. (Ministry of Defense via AP, File)
February 22, 2018 - 6:18 am
BEIJING (AP) — China is "highly concerned" about a reported ship-to-ship transfer on the high seas that could violate U.N. sanctions on North Korea and has launched an investigation, the foreign ministry said Thursday. Spokesman Geng Shuang said China would "seriously deal" with any Chinese...
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A bus bearing the words "Brexit to cost £2,000 million a week" drives past a statue of Britain's World War II leader Sir Winston Churchill and the scaffolding covered Elizabeth Tower, which contains the bell known as "Big Ben", of the Houses of Parliament at the start a national campaign tour in central London, Wednesday, Feb. 21, 2018. The anti-Brexit bus on Wednesday started an eight day tour, intending to make 33 stops in towns and cities across Britain, with speaker events featuring local business leaders, trade unionists, and politicians. (AP Photo/Matt Dunham)
February 22, 2018 - 4:42 am
LONDON (AP) — Official figures show that the British economy did not grow as strongly as initially anticipated in the final quarter of 2017 amid a slowdown in consumption and business investment. The Office for National Statistics said Thursday that the British economy expanded by a quarterly rate...
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A man walks past a bank electronic board showing the Hong Kong share index outside a Hong Kong local bank Thursday, Feb. 22, 2018. Most Asian stock indexes fell Thursday, tracking Wall Street’s decline after the latest Fed report rekindled fears about inflation and rising bond yields.(AP Photo/Vincent Yu)
February 22, 2018 - 4:03 am
HONG KONG (AP) — World stock markets generally declined Thursday, tracking Wall Street's fall after the latest Fed report rekindled fears about inflation and rising bond yields. KEEPING SCORE: European markets fell in early trading. Britain's FTSE 100 slid 1 percent to 7,205.21 and Germany's DAX...
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US Rep Don McEachin, D-Va. left, greets an environmental activists after a news conference in Richmond, Va., Wednesday, Feb. 21, 2018. The press conference proceeded a public meeting of the Bureau Ocean Energy Management on offshore drilling. (AP Photo/Steve Helber)
February 21, 2018 - 8:56 pm
RICHMOND, Va. (AP) — Environmental activists, business groups and a retired U.S. Navy admiral in Virginia blasted the Trump Administration's offshore drilling plan Wednesday, claiming that it would interfere with military training near the world's largest Navy base and imperil the coast's tourism...
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FILE- In this Oct. 2, 2014, file photo, the Wall Street subway stop on Broadway, in New York's Financial District. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Feb. 21, 2018. (AP Photo/Richard Drew, File)
February 21, 2018 - 3:58 pm
Stocks indexes pared early gains Wednesday and were mostly lower in afternoon trading as investors reacted to a late-afternoon surge in bond yields. Bond prices fell, sending the yield on the U.S. 10-year Treasury note to its highest level in four years, following newly released minutes from the...
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FILE- In this Feb. 5, 2018, file photo, the seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington. The Federal Reserve releases minutes from its January meeting on Wednesday, Feb. 21. (AP Photo/Andrew Harnik, File)
February 21, 2018 - 3:15 pm
WASHINGTON (AP) — Federal Reserve officials at their January meeting believed that a brightening global economic picture and the effects of recently passed tax cuts had raised the prospect for solid growth and continued interest rate increases. The minutes of the Fed's Jan. 30-31 discussions showed...
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February 21, 2018 - 12:00 pm
WASHINGTON (AP) — The White House top economist says the U.S. could achieve annual growth rates of 3 percent through the next decade if President Donald Trump's policies on regulations and infrastructure are enacted. Kevin Hassett of the Council of Economic Advisers released the annual economic...
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February 21, 2018 - 11:08 am
LONDON (AP) — Bank of England Governor Mark Carney expressed hope Wednesday that British households' living standards will finally start to rise following a period when price rises have outstripped wage increases. Addressing lawmakers on the Treasury Select Committee, Carney predicted a "return to...
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February 21, 2018 - 10:06 am
WASHINGTON (AP) — U.S. sales of existing homes fell in January from a year earlier by the most in more than three years. Would-be buyers were stymied by rising prices and a shortage of homes for sale. The National Association of Realtors says sales dropped 3.2 percent last month, the second...
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