Economy

Bank of England Governor Mark Carney speaks during the Bank of England's financial stability report at the Bank of England in the City of London, Tuesday, Nov. 28, 2017. For the first time since it started in 2014 to test the resilience of banks to a series of economic shocks, the Bank of England says no institution will have to raise capital to shore up its financial base. (Victoria Jones/Pool via AP)
November 28, 2017 - 6:00 am
LONDON (AP) — Britain's biggest banks are strong enough to withstand a "hard Brexit" and could even weather a deeper recession than the one they struggled through during the global financial crisis nearly a decade ago, the Bank of England said Tuesday. While concluding that lenders would still have...
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Construction workers walk on scaffolding at a construction site Bangkok, Thailand, Tuesday, Nov. 28, 2017. (AP Photo/Sakchai Lalit)
November 28, 2017 - 5:17 am
PARIS (AP) — The world economy is growing faster than it has in seven years and more people are working — but the high growth isn't expected to last long. That's according to forecasts Tuesday from the Organisation for Economic Co-operation and Development. They predict growth in the U.S. and a...
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FILE - In this Thursday, Nov. 2, 2017, file photo, Federal Reserve board member Jerome Powell stands as President Donald Trump announces him as his nominee for the next chair of the Federal Reserve in the Rose Garden of the White House in Washington. The Senate Banking Committee has scheduled Powell's confirmation hearing for Nov. 28. (AP Photo/Alex Brandon, File)
November 27, 2017 - 2:55 pm
WASHINGTON (AP) — Jerome Powell's confirmation to be chairman of the Federal Reserve is considered all but certain. Yet when a Senate committee holds a hearing Tuesday on Powell's nomination, one question will hover above the discussions: Will Jerome Powell be Janet Yellen by another name — or a...
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FILE - In this Friday, Feb. 17, 2017, file photo, an American flag hangs on the front of the New York Stock Exchange. U.S. stock indexes edged higher in early trading Monday, Nov. 27, as traders returned from the Thanksgiving holiday. Banks and retailers were among the big gainers. Energy stocks lagged the most as crude oil prices headed lower. Several companies were also moving on deal news. (AP Photo/Peter Morgan, File)
November 27, 2017 - 11:35 am
U.S. stock indexes edged mostly lower in morning trading Monday as traders returned from the Thanksgiving holiday. Energy stocks were the biggest laggard as crude oil prices headed lower. Technology stocks also fell. Retailers posted solid gains on reports the holiday shopping season is off to a...
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November 27, 2017 - 10:07 am
WASHINGTON (AP) — Americans bought new homes in October at the fastest pace in a decade — a 6.2 percent monthly increase that reflects both the underlying strength of the economy and the worsening shortage of existing homes for sale. The Commerce Department says new-home sales last month rose to a...
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Hungarian Prime Minister Viktor Orban, right, listens to Chinese Prime Minister Li Keying while addressing a press conference during the summit of China and sixteen Central and Eastern European Countries (CEEC) in Budapest, Hungary, Monday, Nov. 27, 2017. (Szilard Koszticsak/MTI via AP)
November 27, 2017 - 8:55 am
BUDAPEST, Hungary (AP) — China's premier outlined his hope Monday that his country's closer cooperation with central and eastern Europe will help foster prosperity in the region. At a summit of 16 countries in the Hungarian capital, Premier Li Keqiang said efforts such as China's "new Silk Road"...
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FILE - This Thursday, Dec. 18, 2014, file photograph, shows a sign at the Merck company facilities in Kenilworth, New Jersey. Britain said Monday Nov. 27, 2017, that two major drugs companies plan new research facilities that will bring 1,750 jobs to Britain, part of plans to boost the country's sagging productivity after Brexit. U.S. drug-maker Merck, known internationally as MSD, will open a research hub in London, creating 950 jobs, and German life sciences firm Qiagen is planning a genomics and diagnostics campus in Manchester, northwest England, creating as many as 800 skilled jobs. (AP Photo/Mel Evans, File)
November 27, 2017 - 8:23 am
LONDON (AP) — Two major drugs companies will set up new research facilities in Britain that will bring 1,750 jobs, the government said Monday as it unveiled plans to boost the country's sagging productivity after Brexit. U.S. drug-maker Merck, known internationally as MSD, will open a research hub...
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A Chinese man reads a copy of a newspaper near a display for the stock market index in Beijing Monday, Nov. 27, 2017. Asian stock markets tumbled Monday as investors looked ahead to a possible U.S. Senate vote this week on proposed tax changes and a week of economic data announcements. (AP Photo/Ng Han Guan)
November 26, 2017 - 11:24 pm
BEIJING (AP) — Asian stock markets tumbled Monday as investors looked ahead to a possible U.S. Senate vote this week on proposed tax changes and a week of economic data announcements. KEEPING SCORE: The Shanghai Composite Index fell 0.8 percent to 3,327.65 and Tokyo's Nikkei 225 lost 0.3 percent to...
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A children's clothing display at Macy's at Garden State Plaza, Saturday, Nov. 25, 2017, in Paramus, N.J. Parking lots were full and shopping bags were plentiful in some places Saturday as holiday gift-seekers were out looking for bargains, even as the competition among retailers to offer earlier deals and snag customers first has pulled sales forward. (AP Photo/Anne D'Innocenzio)
November 26, 2017 - 6:49 pm
CHICAGO (AP) — The driest Thanksgiving weekend in five years may have helped holiday shopping, despite an overall decline in foot traffic. But some shoppers just took notes in the hopes of finding an even better deal online. That's a consequence of Amazon continuing to squeeze prices, exacerbating...
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FILE - In this Oct. 10, 2017, file photo, the Capitol is seen at sunrise, in Washington. The crush of unfinished business facing lawmakers when they return to the Capitol this week would be daunting even if Washington were functioning at peak efficiency. (AP Photo/J. Scott Applewhite, File)
November 25, 2017 - 5:20 pm
WASHINGTON (AP) — The crush of unfinished business facing lawmakers when they return to the Capitol would be daunting even if Washington were functioning at peak efficiency. It's an agenda whose core items — tax cuts, a potential government shutdown, lots of leftover spending bills — could unravel...
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