Economy

China's President Xi Jinping, left, and Brazil's President Jair Bolsonaro wave to reporters upon Xi Jinping's arrival for a bilateral meeting on the sidelines of the 11th edition of the BRICS Summit, at the Itamaraty Palace, in Brasília, Brazil, Wednesday, Nov. 13, 2019. (AP Photo/Eraldo Peres)
November 13, 2019 - 5:46 pm
BRASILIA, Brazil (AP) — What a difference a year makes. In the months before last year’s presidential election in Brazil, Jair Bolsonaro described China as predatory and thumbed his nose at the Chinese government by visiting Taiwan, Beijing’s archrival. Now, as a more pragmatic president, Bolsonaro...
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FILE - This June 12, 2019, file photo shows the U.S. Capitol dome in Washington. On Wednesday, Nov. 13, the Treasury Department releases federal budget data for August. (AP Photo/Patrick Semansky, File)
November 13, 2019 - 5:08 pm
WASHINGTON (AP) — The federal government, which ended the 2019 budget year with its largest deficit in seven years, began the new budget year with a deficit in October that was 33.8% bigger than a year ago as spending hit a record. The Treasury Department said Wednesday that the deficit last month...
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Trader Stephen Gilmartin, right, works with specialist Dilip Patel on the floor of the New York Stock Exchange, Wednesday, Nov. 13, 2019. Stocks are opening slightly lower on Wall Street led by declines in banks and industrial companies. (AP Photo/Richard Drew)
November 13, 2019 - 5:08 pm
Wall Street capped a wobbly day for stocks with another record-setting finish Wednesday. The Dow Jones Industrial Average and S&P 500 index each eked out a modest gain that was good enough to nudge them to record highs. The Nasdaq closed just below its all-time high set a day earlier. The...
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FILE- In this March 14, 2019, file photo Tesla CEO Elon Musk speaks before unveiling the Model Y at Tesla's design studio in Hawthorne, Calif. Tesla CEO Elon Musk says the electric car pioneer plans to build a new factory near Berlin. News agency dpa reported that Musk made the announcement during a prizegiving ceremony in the German capital Tuesday evening. (AP Photo/Jae C. Hong, File)
November 13, 2019 - 7:14 am
BERLIN (AP) — Germany on Wednesday hailed Tesla's decision to build its first European factory in the country, days after the government said it would boost subsidies for buyers of electrics cars. Tesla CEO Elon Musk said during an award ceremony in the German capital Tuesday evening that "we've...
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A currency trader works near the screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Wednesday, Nov. 13, 2019. Asian stocks sank Wednesday after U.S. President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. (AP Photo/Lee Jin-man)
November 13, 2019 - 1:01 am
BEIJING (AP) — Asian stocks sank Wednesday after President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Market benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia all declined. Trump said Tuesday...
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Specialist Anthony Rinaldi, left, and trader Fred DeMarco work on the floor of the New York Stock Exchange, Tuesday, Nov. 12, 2019. Stocks are opening slightly higher on Wall Street, led by gains in technology and health care companies. (AP Photo/Richard Drew)
November 12, 2019 - 10:53 pm
BEIJING (AP) — Asian stocks sank Wednesday after U.S. President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Market benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia all declined. Trump said Tuesday...
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FILE - In this Friday, Nov. 13, 2009 file photo a caravan of trucks from the ports of Los Angeles and Long Beach, Calif., drive around Los Angeles City Hall during a protest against container fees being assessed against independent truckers. The California Trucking Association has filed what appears to be the first lawsuit challenging a sweeping new labor law that seeks to give wage and benefit protections to workers in the so-called gig economy, including rideshare drivers at companies such as Uber and Lyft. The federal lawsuit filed Tuesday, Nov. 12, 2019, contends that the legislation violates federal law and would deprive more than 70,000 independent truckers' of their ability to work. (AP Photo/Damian Dovarganes, File)
November 12, 2019 - 9:24 pm
SACRAMENTO, Calif. (AP) — The California Trucking Association on Tuesday filed what appears to be the first lawsuit challenging a sweeping new labor law that seeks to give wage and benefit protections to workers in the so-called gig economy, including rideshare drivers at companies such as Uber and...
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FILE- In this Sept. 27, 2019, file photo worker Omar Glover pickets outside a General Motors facility in Langhorne, Pa. A tentative four year contract with striking General Motors gives workers a mix of pay raises, lump sum payments and an $11,000 signing bonus. (AP Photo/Matt Rourke, File)
October 17, 2019 - 6:40 pm
DETROIT (AP) — Striking General Motors workers will stay on the picket lines for at least another week until they vote on a tentative contract with the company. Factory-level officials from the United Auto Workers union voted to recommend the agreement to members at a daylong meeting in Detroit...
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FILE - In this Oct. 8, 2019, file photo specialist Brian Fairbrother, left, and trader Philip Powers work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Oct. 17. (AP Photo/Richard Drew, File)
October 17, 2019 - 3:45 pm
Stocks moved broadly higher in afternoon trading on Wall Street Thursday after several large companies delivered surprisingly good results. The gains had the market on track to claw back modest losses from a day earlier. A breakthrough in negotiations over Britain's exit from the European Union...
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Winemakers taste rose in the production facility of the Chateau Sainte Roseline in the southern France region of Provence Friday Oct. 11, 2019. European producers of premium specialty agricultural products like French wine, Italian Parmesan and Spanish olives are facing Friday’s U.S. tariff hike with a mix of trepidation and indignation at being dragged into a trade war over the fiercely competitive aerospace industry.(AP Photo/Daniel Cole)
October 17, 2019 - 12:25 pm
MILAN (AP) — European producers of specialty agricultural products like French wine, Italian Parmesan and Spanish olives are facing a U.S. tariff hike due Friday with a mix of trepidation and indignation at being dragged into a trade war they feel they have little to do with. The tariffs on $7.5...
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