Banking and credit

FILE - In this Aug. 16, 2019, file photo traders Dudley Devine, left, and Christopher Fuchs work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Aug. 22. (AP Photo/Richard Drew, File)
August 22, 2019 - 1:07 pm
Stocks gave up an early gain and veered lower in midday trading Thursday as investors grew less certain about the likelihood that the Federal Reserve will lower interest rates again next month. Losses in technology, health care and communication services stocks outweighed gains in banks, consumer...
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The sun rises next to the European Central Bank at the river Main in Frankfurt, Germany, early Thursday, Aug. 22, 2019. (AP Photo/Michael Probst)
August 22, 2019 - 9:48 am
FRANKFURT, Germany (AP) — The European Central Bank is weighing a broad package of stimulus measures including an interest rate cut and new bond purchases to counter worries that economic growth is slowing more than expected amid U.S.-China trade tensions. The written account of the July 25 policy...
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August 22, 2019 - 7:39 am
When it comes to credit card rewards, it's not all about gas, groceries and restaurants anymore. Issuers are moving beyond suburban staples to include millennial-friendly categories such as transit and streaming subscriptions. The trend toward streaming rewards, in particular, is hard to miss, with...
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President Donald Trump speaks with reporters before departing on Marine One on the South Lawn of the White House, Wednesday, Aug. 21, 2019, in Washington. Trump is headed to Kentucky. (AP Photo/Alex Brandon)
Bob Rose
August 22, 2019 - 6:11 am
WASHINGTON (AP) — A day after considering cutting taxes to promote economic growth, President Donald Trump changed course and said he would abandon the idea because the nation already had "a strong economy." Trump's flip-flop on Wednesday came after recent market volatility and economic uncertainty...
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FILE - In this July 31, 2019, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. On Wednesday, Aug. 21, the Federal Reserve releases minutes from its July meeting when it cut its key interest rate for the first time in a decade. (AP Photo/Manuel Balce Ceneta, File)
August 21, 2019 - 3:57 pm
WASHINGTON (AP) — Federal Reserve officials were widely divided at their meeting last month when they decided to cut rates for the first time in a decade, with some arguing for a bigger rate cut while others insisted the Fed should not cut rates at all. The minutes of the July 30-31 discussions...
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German Chancellor Angela Merkel, right, and German Finance Minister Olaf Scholz, left, talk as they arrive for the weekly cabinet meeting at the Chancellery in Berlin, Germany, Wednesday, Aug. 21, 2019. The German government sold 30-year bonds at a negative interest rate Wednesday Aug. 21, 2019, in a sign of the clouds over markets and future growth as well as increased expectations that more central bank stimulus is likely on the way.(AP Photo/Michael Sohn)
August 21, 2019 - 3:41 pm
FRANKFURT, Germany (AP) — Imagine lending money to someone and having to pay for the privilege of doing so. Or being asked to invest and informed of how much money you'll lose. Sounds absurd, but increasingly that's the global bond market these days. A rising share of government and corporate bonds...
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People stand by an electronic stock board of a securities firm in Tokyo, Wednesday, Aug. 21, 2019. Asia stock markets followed Wall Street lower Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts. (AP Photo/Koji Sasahara)
August 21, 2019 - 7:59 am
BEIJING (AP) — Global stock markets were back in positive territory Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts. Market benchmarks in London and Frankfurt rose in early trading. On Wall Street, the...
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FILE - In this Aug. 19, 2019, file photo specialist Stephen Naughton, left, and trader Michael Milano work on the floor of the New York Stock Exchange. Stocks are opening slightly lower on Wall Street on Tuesday, Aug. 20, as major U.S. indexes give back a bit of the ground they won over the previous three days. (AP Photo/Richard Drew, File)
August 21, 2019 - 12:17 am
BEIJING (AP) — Asia stock markets followed Wall Street lower Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts. Benchmarks in Tokyo, Shanghai and Australia declined while South Korea advanced. U.S. stocks...
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Counselor to the President Kellyanne Conway speaks to members of the media outside of the West Wing on the North Lawn of the White House in Washington, Wednesday, Aug. 7, 2019. (AP Photo/Andrew Harnik)
August 20, 2019 - 8:44 am
WASHINGTON (AP) — The "fundamentals" of the U.S. economy are solid, the White House asserted, invoking an ill-fated political declaration of a decade ago amid mounting concern that a recession could imperil President Donald Trump's reelection. Exhibiting no such concern, senior adviser Kellyanne...
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FILE - In this Tuesday, Feb. 12, 2019 file photo, the sun sets over the city of Frankfurt with the buildings of the banking district. Germany, Europe's industrial powerhouse and biggest economy, with companies like Volkswagen, Siemens and BASF, may be entering a recession, according to a gloomy report from the country's central bank Monday, August 19, 2019. (AP Photo/Michael Probst, File)
August 19, 2019 - 3:20 pm
BERLIN (AP) — Germany, Europe's industrial powerhouse and biggest economy, with companies like Volkswagen, Siemens and BASF, may be entering a recession, according to a gloomy report from the country's central bank Monday — a development that could have repercussions for the rest of the eurozone...
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