Economy

Prime Minister Narendra Modi and President Donald Trump shake hands after introductions during the "Howdi Modi" event Sunday, Sept. 22, 2019, at NRG Stadium in Houston. (AP Photo/Michael Wyke)
September 22, 2019 - 2:50 pm
HOUSTON (AP) — Deafening drums marked the entrance of President Donald Trump and Indian Prime Minster Narendra Modi as they clasped hands and walked across the stage in a packed Texas stadium Sunday, sending a message of unity between the world's two largest democracies despite trade tensions...
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White Lake resident D.J. Calma of White Lake, second from left and has worked for General Motors in four different plants in 12 years, chants in unison "No contract! No work!" as they circle at one of the Flint Assembly Plant entrance, blocking through traffic during the fourth day of the national UAW strike against GM on Thursday, Sept. 19, 2019 in Flint. The United Auto Workers union and its roughly 49,000 members at GM plants in the U.S. have been on strike since Monday, Sept. 16 because contract negotiations with the automaker had broken down. It's the first national UAW strike since 2007, when GM workers were out for two days. (Jake May/The Flint Journal via AP)
September 22, 2019 - 4:49 am
LANSING, Mich. (AP) — Democrats were quick to back working-class United Auto Workers in their strike against General Motors, delivering doughnuts and holding picket signs outside factories to show solidarity. It's a union they long have aligned with politically. There were no doughnuts from...
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FILE - In this Sept. 16, 2019, file photo Gordon Charlop, center, and Christian Bader work at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Sept. 20. (AP Photo/Mark Lennihan, File)
September 20, 2019 - 3:51 pm
Stocks veered lower on Wall Street in afternoon trading Friday after reports that a Chinese delegation has cut short a visit to the U.S. fueled speculation that upcoming talks aimed at resolving the costly trade war between Washington and Beijing are in trouble. The selling, which erased modest...
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FILE - In this Jan. 21, 2016. file photo vehicles drive through downtown Flint, Mich. Picketing auto workers have surrounded the massive General Motors complex for nearly a week in Flint, the automaker's birthplace. Picketing auto workers have surrounded the massive General Motors complex for nearly a week of Friday, Sept. 20, in Flint, the automaker’s birthplace. The city and many workers have been here before: A 54-day strike at a Flint plant in 1998 forced a companywide shutdown. (AP Photo/Paul Sancya, File)
September 20, 2019 - 2:39 pm
FLINT, Mich. (AP) — The birthplace of General Motors has been on an economic roller-coaster ride for more than a century as the automaker rose, crashed and retooled for changing markets. Now, the city of Flint is again steeling for economic impact amid a nationwide United Auto Workers' strike...
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Nurse Cindy Rodriguez shouts during a one-day strike outside of Palmetto General Hospital, Friday, Sept. 20, 2019, in Hialeah, Fla. Registered nurses staged a one-day strike against Tenet Health hospitals in Florida, California and Arizona on Friday, demanding higher wages and better working conditions. (AP Photo/Lynne Sladky)
September 20, 2019 - 2:36 pm
HIALEAH, Fla. (AP) — Registered nurses staged a one-day strike against Tenet Health hospitals in Florida, California and Arizona on Friday, demanding better working conditions and higher wages as the nation's labor movement has begun flexing muscles weakened by decades of declining membership amid...
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President Donald Trump and Australian Prime Minister Scott Morrison arrive for a news conference in the East Room of the White House in Washington, Friday, Sept. 20, 2019. (AP Photo/Susan Walsh)
September 20, 2019 - 1:46 pm
WASHINGTON (AP) — As China and the U.S. near a new round of trade talks, President Donald Trump said Friday he doesn't feel he needs to secure an agreement before next year's election. Trump told reporters he wants a complete deal with China and won't accept one that only addresses some of the...
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This Thursday, Oct. 16, 2014 file photo shows President and CEO of the Federal Reserve Bank of Boston Eric Rosengren in Chelsea, Mass. Rosengren,s who opposed the September 2019 quarter-point rate cut, says that the additional stimulus was not needed. (AP Photo/Michael Dwyer)
September 20, 2019 - 12:36 pm
WASHINGTON (AP) — Two Federal Reserve officials who dissented from this week's quarter-point rate cut on Friday highlighted the current deep divisions at the central bank. Eric Rosengren, head of the Fed's Boston regional bank and one of two officials who opposed the rate cut, said Friday that the...
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In this Thursday, Sept. 19, 2019, photo, a man holding a cup of coffee monitors the stock prices at a brokerage house in Beijing. Asian shares were mostly higher on Friday, Sept. 20, 2019 after a lackluster session on Wall Street, as investors shifted their focus to China-U.S. trade talks after a busy week of central bank news. (AP Photo/Andy Wong)
September 20, 2019 - 4:11 am
BANGKOK (AP) — World shares were mixed on Friday, while India's benchmark jumped more than 5% after the government announced plans to cut corporate taxes. Germany's DAX fell 0.1% to 12,440.12 and the CAC 40 in France lost 2.9 points to 5,656.24. Britain's FTSE 100 gave up 0.3% to 7,334.05. Wall...
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FILE - In this Sept. 5, 2019, file photo, Indian workers prepare packing of clutch buttons at an auto component manufacturing factory on the outskirts of New Delhi, India. Asian shares advanced Friday, Sept. 20, 2019, and India’s benchmark jumped 5.4% after the government announced plans to cut corporate taxes. (AP Photo/Altaf Qadri, File)
September 20, 2019 - 3:52 am
NEW DELHI (AP) — The Indian government on Friday announced a slew of concessions aimed at boosting the economy that will reduce most corporate taxes for local companies to about 25% from 30%. Finance Minister Nirmala Sitharaman said the lower tax rates will retroactively apply from April 1, the...
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FILE - In this Wednesday, Sept. 18, 2019 file photo, Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee in Washington. A peculiar thing is happening in financial markets this week _ a corner of the financial system where banks and others go for billions of dollars in short-term loans is suddenly in need of cash. To that end, the Federal Reserve has stepped in to inject about $200 billion into the market over the past three days, with plans for another $75 billion on Friday. (AP Photo/Patrick Semansky, File)
September 19, 2019 - 6:09 pm
WASHINGTON (AP) — A peculiar thing is happening in financial markets this week: an oft-overlooked corner of Wall Street where banks and others go for billions of dollars in short-term loans is suddenly in need of cash. To that end, the Federal Reserve has stepped in to inject about $200 billion...
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