Economy

FILE - This Dec. 21, 2016, file photo shows the New York Stock Exchange. Stock indexes are mostly lower in early trading on Wall Street as investors weigh the latest batch of corporate quarterly earnings reports. Losses in technology companies outweighed gains in banks and other sectors early Thursday, July 26, 2018. (AP Photo/Mark Lennihan, File)
July 27, 2018 - 12:36 am
BANGKOK (AP) — Asian shares were mostly higher early Friday as investors shrugged off Facebook's nearly $120 billion overnight plunge in market value, the biggest-ever one-day loss in dollar value for a U.S. company. KEEPING SCORE: Japan's Nikkei 225 index added 0.3 percent to 22,648.67 and the...
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FILE - In this July 13, 2007, file photo, workers with the Pebble Mine project test drill in the Bristol Bay region of Alaska, near the village of Iliamma. The U.S. Army Corps of Engineers is proceeding with an environmental review of a proposed copper and gold mine near a major Alaska salmon fishery, despite a request from the state's governor to halt the review. Gov. Bill Walker has said the company behind the proposed Pebble Mine had yet to show that the project is feasible or realistic. (AP Photo/Al Grillo, File)
July 26, 2018 - 8:59 pm
JUNEAU, Alaska (AP) — The U.S. Army Corps of Engineers is proceeding with an environmental review of a proposed copper and gold mine located near a major salmon fishery in Alaska, despite a request from the state's governor that the review be halted. Gov. Bill Walker, in a letter co-signed by Lt...
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FILE - In this March 29, 2018, file photo, the logo for Facebook appears on screens at the Nasdaq MarketSite in New York's Times Square. Facebook's user base and revenue grew more slowly than expected in the second quarter of 2018 as the company grappled with privacy issues, sending its stock tumbling after hours. (AP Photo/Richard Drew, File)
July 26, 2018 - 5:15 pm
NEW YORK (AP) — Facebook faced a day of reckoning as its shares plunged Thursday in the company's worst trading day since going public in 2012. It was among the biggest one-day losses of market value in U.S. stock market history. The 19 percent drop in Facebook shares vaporized $119 billion of the...
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FILE - In this Nov. 7, 2012, filephoto, U.S. and Chinese national flags are hung outside a hotel during the U.S. Presidential election event, organized by the U.S. embassy in Beijing. A government report is outlining how spy services from China, Russia and Iran are hard at work trying to steal trade secrets and proprietary information from U.S. companies, government labs and universities.(AP Photo/Andy Wong, File)
July 26, 2018 - 1:57 pm
WASHINGTON (AP) — Iranian hackers known as "Rocket Kitten" repeatedly target American defense companies in hopes of stealing information to boost Tehran's missile and space programs. Russian hackers last year compromised dozens of U.S. energy companies. A Chinese cyberespionage group called APT10...
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Ivanka Trump, right, and Gov. Kim Reynolds, R-Iowa, center, look on as President Donald Trump holds up a "Make Our Farmers Great Again" hat during a roundtable discussion on workforce development at Northeast Iowa Community College, Thursday, July 26, 2018, in Peosta, Iowa. (AP Photo/Evan Vucci)
July 26, 2018 - 1:54 pm
DUBUQUE, Iowa (AP) — The Latest on President Donald Trump (all times local): 1:50 p.m. President Donald Trump is claiming a trade breakthrough with European allies as he visits Iowa, a state where farmers are suffering under tariffs imposed by China in retaliation for Trump's protectionist policies...
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July 26, 2018 - 12:58 pm
PORTLAND, Maine (AP) — A group of Democrats in Congress says fishermen are headed for a financial disaster due to increasing tariffs, and the government should be prepared to provide relief. The effort is led by Rep. Seth Moulton of Massachusetts. It's designed to help fishermen who are hurt by...
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From left, Indian Prime Minister Narendra Modi, South African President Cyril Ramaphosa, Brazil's President Michel Temer and Russia's President Vladimir Putin, get ready for a group photo at the BRICS Summit in Johannesburg, South Africa, Thursday, July 26, 2018. Putin arrived in South Africa Thursday, the last head of state to arrive for the Summit. (Gianluigi Guerci/Pool Photo via AP)
July 26, 2018 - 10:14 am
JOHANNESBURG (AP) — Chinese President Xi Jinping urged fellow leaders of the BRICS emerging economies to "reject protectionism outright" on Thursday during their annual summit in which the United States is being criticized for escalating tariffs on foreign goods. Xi along with Russian President...
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FILE- This May 21, 2018, file photo shows a row of washing machines for sale at Lowe's Home Improvement store in East Rutherford, N.J. The Commerce Department releases its June report on durable goods on Thursday, July 26. (AP Photo/Ted Shaffrey, File)
July 26, 2018 - 8:48 am
WASHINGTON (AP) — Orders for long-lasting U.S. factory goods rose in June after declining for two months, a sign manufacturing is still growing despite a series of global trade disputes. The Commerce Department said Thursday that durable goods orders — items meant to last at least three years, from...
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President Donald Trump meets with European Commission president Jean-Claude Juncker in the Oval Office of the White House, Wednesday, July 25, 2018, in Washington. (AP Photo/Evan Vucci)
July 26, 2018 - 8:46 am
WASHINGTON (AP) — President Donald Trump and European leaders pulled back from the brink of a trade war over autos Wednesday and agreed to open talks to tear down trade barriers between the United States and the European Union. But while politicians and businesses welcomed the deal Thursday, the...
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In this June 28, 2018 photo, senior melt operator Randy Feltmeyer watches a giant ladle as it backs away after pouring its contents of red-hot iron into a vessel in the basic oxygen furnace as part of the process of producing steel at the U.S. Steel Granite City Works facility in Granite City, Ill. President Donald Trump will visit the facility on Thursday, July 26, 2018. U.S. Steel credited Trump's plan to impose tariffs on imported steel and aluminum when the company announced in March it was firing up a furnace at Granite City Works that had been idled for more than two years. (AP Photo/Jeff Roberson)
July 26, 2018 - 6:06 am
Steelworkers in Granite City, Illinois, threw a street party — complete with hot dogs, cold beer and a singer in red, white and blue — when U.S. Steel announced earlier this year it was bringing hundreds of laid-off employees back to work at the local mill. On Thursday they'll celebrate again, this...
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