Financial services

August 29, 2019 - 6:11 pm
RALEIGH, N.C. (AP) — Online companies that buy and sell used cars and broker insurance policies are expanding in North Carolina's Piedmont, with plans to hire hundreds of people. Gov. Roy Cooper announced on Thursday that car vendor Carvana will build a new inspection and reconditioning facility in...
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In this Aug. 11, 2019, photo, U.S. currency and credit cards sit on a table at a restaurant in New Orleans. Credit card companies want to turn your unused credit line into cash that you can borrow for things like home improvements or unexpected expenses. But accepting this loan offer may not be the best choice for your wallet or your credit score. (AP Photo/Jenny Kane)
August 29, 2019 - 9:38 am
Credit card companies want to turn your unused credit line into cash that you can borrow for things like home improvements or unexpected expenses. But accepting this loan offer may not be the best choice for your wallet or your credit score. In recent months, two of the largest credit card issuers...
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President Donald Trump and first lady Melania Trump arrive at Andrews Air Force Base, Md., Tuesday, Aug. 27, 2019, for a short trip to the White House after returning from the G-7 Summit in Biarritz, France (AP Photo/Andrew Harnik)
August 27, 2019 - 4:20 pm
WASHINGTON (AP) — President Donald Trump, who last week suggested Fed Chairman Jerome Powell could be an enemy, is now saying that the central bank "loves" the troubles U.S. manufacturers are facing. The president's tweet Tuesday appears to be his latest effort pressure the central bank to lower...
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FILE- This Feb. 21, 2018, file photo shows a display of Heinz Ketchup on display in a market in Pittsburgh. Kraft Heinz Co. is bringing back its former chief financial officer amid accounting problems and falling sales. Paulo Basilio, joined H.J. Heinz as CFO in 2013 and remained in the job after the company's 2015 merger with Kraft. He most recently served as Kraft Heinz's chief business development officer. (AP Photo/Gene J. Puskar, File)
August 26, 2019 - 2:52 pm
CHICAGO (AP) — Kraft Heinz Co. is bringing back its former chief financial officer amid accounting problems and falling sales. Paulo Basilio, 44, joined H.J. Heinz as CFO in 2013 and remained in the job after the company's 2015 merger with Kraft. He most recently served as Kraft Heinz's chief...
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FILE - In this Aug. 6, 2019, file photo, a man walks by a money exchange shop decorated with Chinese yuan banknotes and other countries currency banknotes at Central, a business district in Hong Kong. China allowed its yuan to sink to an 11-year low against the dollar after U.S. President Donald Trump threatened to block American companies from doing business with this country. The yuan declined Monday, Aug. 26, 2019 to 7.1468 to the dollar, its weakest rate since January 2008. (AP Photo/Kin Cheung, File)
August 26, 2019 - 5:23 am
BEIJING (AP) — China allowed its yuan to sink Monday and U.S. President Donald Trump said the two sides will talk "very seriously" about their war over trade and technology following tit-for-tat tariff hikes and Trump's threat to order American companies to stop doing business with China. The...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Aug. 26, 2019. Asian shares tumbled Monday after the latest escalation in the U.S.-China trade war renewed uncertainties about global economies, as well as questions over what U.S. President Donald Trump might say next. (AP Photo/Ahn Young-joon)
August 26, 2019 - 3:54 am
TOKYO (AP) — Global shares fell Monday after the latest escalation in the U.S.-China trade war renewed uncertainties about global economies, as well as questions over what President Donald Trump might say next. France's CAC 40 shed nearly 0.1% to 5,322.21 in early trading, while Germany's DAX fell...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Aug. 26, 2019. Asian shares tumbled Monday after the latest escalation in the U.S.-China trade war renewed uncertainties about global economies, as well as questions over what U.S. President Donald Trump might say next. (AP Photo/Ahn Young-joon)
August 25, 2019 - 11:01 pm
TOKYO (AP) — Asian shares tumbled Monday after the latest escalation in the U.S.-China trade war renewed uncertainties about global economies, as well as questions over what President Donald Trump might say next. Japan's benchmark Nikkei 225 started plummeting as soon as trading began and stood at...
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FILE -- In this Friday, July 6, 2018 photo Jens Weidmann, president of the Deutsche Bundesbank, talks as he visits a cabinet meeting at the chancellery in Berlin, Germany. The head of Germany’s central bank is warning against taking an overly pessimistic view of the economic outlook, days after the bank cautioned that the country’s economy, Europe’s biggest, could enter a recession in the current quarter. (AP Photo/Michael Sohn, file)
August 25, 2019 - 5:30 am
BERLIN (AP) — The head of Germany's central bank is warning against taking an overly pessimistic view of the economy, days after the bank cautioned that Europe's biggest economy could enter a recession in the current quarter. The German economy contracted by 0.1% in the April-June period and the...
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Federal Reserve Chairman Jerome Powell, left, and Bank of England Governor Mark Carney, right, pause in front of Mt. Moran after Powell's speech at the Jackson Hole Economic Policy Symposium on Friday, Aug. 23, 2019, in Jackson Hole, Wyo. (AP Photo/Amber Baesler)
August 23, 2019 - 10:15 pm
WASHINGTON (AP) — President Donald Trump launched a furious and highly personal Twitter attack Friday against the Federal Reserve and Chairman Jerome Powell, fuming that the Fed once more "did NOTHING!" and wondering who is "our bigger enemy" — Powell or China's leader. The outburst came after...
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Trader Fred DeMarco works on the floor of the New York Stock Exchange, Friday, Aug. 23, 2019. Stocks tumbled on Wall Street after President Donald Trump said he "hereby ordered" U.S. companies to consider alternatives to doing business in China. (AP Photo/Richard Drew)
August 23, 2019 - 10:14 pm
The Dow Jones Industrial Average plunged more than 600 points Friday after the latest escalation in the trade war between the U.S. and China rattled investors. The broad sell-off sent the S&P 500 to its fourth straight weekly loss. Stocks tumbled after President Donald Trump responded angrily...
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