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Asian shares rise in subdued holiday trading, as US futures jump
TOKYO (AP) — Asian shares advanced Thursday, with many markets in the region closed for Labor Day holidays, after U.S. stocks stormed back from steep early losses to a seventh straight day of gains.
Chancellor candidate Merz's stumble casts shadow over hopes for rebooting struggling German economy
FRANKFURT, Germany (AP) — Friedrich Merz's unprecedented of voting in parliament raises doubts about the new government's ability to push Europe's largest economy out of stagnation.
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Asian shares advance after a quiet day on Wall St, despite tough talk on tariffs
NEW YORK (AP) — Asian shares were mostly higher on Tuesday after U.S. stocks drifted to a mixed, quiet finish ahead of a busy week of corporate earnings and economic data that could bring more
US consumer sentiment slides to 3-year lows as trade war raises inflation anxiety
WASHINGTON (AP) — U.S. consumer sentiment fell slightly in May for the fifth straight month, surprising economists, as Americans increasingly worry that President will worsen inflation.
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UK becomes fastest-growing G7 economy after strong first quarter
LONDON (AP) — The British economy grew at its fastest rate in a year during the first quarter of 2025, official figures showed Thursday, in a welcome boost to the Labour government, which has made lifting the country's growth its top priority.
European economist says Russia's economy is strained due to the Ukraine war and sanctions
BRUSSELS (AP) — Russia’s economy is under growing strain as its drags on and Western sanctions are undermining President Vladimir Putin’s ability to sustain his war, a leading European economist said after briefing finance ministers on Tuesday.
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Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.
Federal Reserve official sees signs of slowing economy but not ready to cut rates
WASHINGTON (AP) — A top Federal Reserve official said Friday that massive uncertainty created by President Donald Trump's tariffs has caused some businesses to cut back on hiring and spending, threatening to , but he added that it’s not yet clear whether the central bank should cut its key interest rate.
US applications for jobless benefits fall last week despite elevated uncertainty over Trump tariffs
WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week despite heightened uncertainty about how will impact the U.S. and global economies.
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Czech central bank cuts key interest rate to 3.5% as inflation drops more than expected
PRAGUE (AP) — The Czech Republic’s central bank cut its key interest rate Wednesday , with lower-than-expected inflation.
DoorDash rings up record first-quarter revenue and expands delivery reach through acquisitions
DoorDash said Tuesday that demand for deliveries remained strong in the first quarter even as more Americans .
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Weak GDP report tied to tariffs has Trump trying to blame Biden on the state of the economy
WASHINGTON (AP) — got worrisome news on Wednesday about how the U.S. economy is battening down for potential fallout from his tariffs — and he was quick to try to pin the blame on his Democratic predecessor, Joe Biden.
Europe saw stronger growth at start of year, but Trump's tariffs have darkened outlook
FRANKFURT, Germany (AP) — Europe’s economy grew more strongly in the first three months of the year, only to see hopes for an ongoing recovery quickly squelched by U.S. President Donald Trump’s trade war.
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Why Trump's call for the Fed to cut interest rates may not help consumers
President Donald Trump is to cut interest rates, but even if the Fed gave in to the pressure, it wouldn't necessarily lead to lower borrowing costs for consumers.
Most Americans expect higher prices as a result of Trump's tariffs, a new AP-NORC poll finds
WASHINGTON (AP) — Americans’ trust in President Donald Trump to bolster the U.S. economy appears to be faltering, with a new poll showing that many people fear the country is being and that the president’s broad and haphazardly enforced tariffs will cause prices to rise.
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Trump's attacks on Powell threaten the Fed's independence. Here's why it matters
WASHINGTON (AP) — Donald Trump has stepped up on Federal Reserve Chair Jerome Powell at the same time that the Supreme Court is considering a case that could make it easier for the president to fire him.
European Central Bank expected to cut rates again amid worries about Trump's tariffs
FRANKFURT, Germany (AP) — Worries about economic growth fueled by U.S. President Donald Trump's will likely push the to cut interest rates on Thursday for a seventh straight time, a move that should make credit more affordable for business and consumers and promote economic activity.
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Trump considers pausing his auto tariffs as the world economy endures whiplash
WASHINGTON (AP) — President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from on the sector, to give carmakers time to adjust their supply chains.
Q&A: What has China done so far? What could China do next?
BEIJING (AP) — A reordering of global trading relationships could be underway as the world’s two largest economies clash and relations spiral into a trade war. On Friday, on U.S. goods from 84% to 125%, starting Saturday, after the U.S. pushed its tariffs on Chinese products to a total of 145%.
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Energy demand erodes in face of global economic slowdown as trade war intensifies
WASHINGTON (AP) — Oil prices slumped to a four-year low Wednesday in anticipation of slowing economic growth and reduced energy demand, both casualties of a that began after President Donald Trump ordered widespread tariffs against the imports of U.S. trading partners.
The International Monetary Fund reaches a preliminary deal with Argentina on a $20 billion bailout
BUENOS AIRES, Argentina (AP) — The International Monetary Fund on Tuesday said it has reached a preliminary, staff-level agreement with cash-strapped on a $20 billion bailout, providing as he seeks to overturn the country's old economic order.
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Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growth
ARLINGTON, Va. (AP) — The Trump administration’s will likely lead to higher inflation and slower growth, and the Federal Reserve will focus on keeping price increases temporary, Fed Chair Jerome Powell said Friday.
Fear that Trump tariffs will spark recession slashes billions of dollars from US stock values
U.S. companies had billions of dollars in value wiped out after President Donald Trump slapped sweeping tariffs on foreign imports.
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Trump is set to announce 'reciprocal' tariffs in a risky move that could reshape the economy
WASHINGTON (AP) — After weeks of White House hype and public anxiety, President Donald Trump is set Wednesday to announce a barrage of self-described on friend and foe alike.
Asian shares are sharply lower after Wall Street tumbles
NEW YORK (AP) — Asian shares were sharply lower on Monday after another wipeout slammed Wall Street as build about a potentially of and a U.S. economy slowing because to spend due to the .
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Copper prices have soared as the US threatens tariffs on the metal and China boosts its economy
NEW YORK (AP) — Copper prices have hit record highs as an ongoing trade war between the U.S. and its key trading partners threatens to squeeze supplies of the vital metal.
Stock market today: Asian shares are mostly higher after advance on Wall Street
BANGKOK (AP) — Asian shares were mostly higher Thursday following an advance on Wall Street after the said the economy still looks healthy enough to keep interest rates where they are.
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