US stock indexes end mixed ahead of Fed chairman speech
A wobbly day on Wall Street left stock indexes mostly lower Thursday as investors turned cautious ahead of a widely anticipated speech by the Federal Reserve chairman.
Fans choose sides in the 'Chicken Sandwich War' of our time
NEW YORK (AP) — A nation already polarized finds itself divided once again, but this time politics isn't at the heart of it: The blame lies squarely on a fried piece of poultry.
As global economic picture dims, solutions seem out of reach
WASHINGTON (AP) — As global leaders gather on two continents to take account of a darkening economic outlook, this is the picture they face: Factories are slumping, many businesses are paralyzed, global growth is sputtering and the world's two mightiest economies are in the grip of a dangerous trade war.
Return of the king: Salmon rebounds after California drought
SAN FRANCISCO (AP) — Trolling off the California coast, Sarah Bates leans over the side of her boat and pulls out a long, silvery fish prized by anglers and seafood lovers: wild king salmon.
Apple wants people to know how to clean its new credit card
SAN FRANCISCO (AP) — Apple believes some of its zealous customers will treasure its new titanium credit card so much that they will spend time polishing its white finish.
Cyberattacks on Texas cities put other governments on guard
CHICAGO (AP) — Cyberattacks that recently crippled nearly two dozen Texas cities have put other local governments on guard, offering the latest evidence that hackers can halt routine operations by locking up computers and public records and demanding steep ransoms.
Long-term mortgage rates near historic lows: 30-year 3.55%
WASHINGTON (AP) — U.S. long-term mortgage rates are near historically low levels, with the average on the benchmark 30-year loan falling this week to its lowest level since November 2016.
Report shows US deficit to exceed $1 trillion next year
WASHINGTON (AP) — The federal budget deficit is expected to balloon to more than $1 trillion in the next fiscal year under the first projections taking into account the big budget deal that President Donald Trump and Congress reached this summer, the Congressional Budget Office reported.
Macron expected to raise Carlos Ghosn case with Japan's Abe
PARIS (AP) — The wife of Carlos Ghosn on Thursday urged French President Emmanuel Macron to intercede on behalf of the former chairman of Nissan and Renault when he meets with Japanese Prime Minister Shinzo Abe at the G-7 summit in France.
Global stocks subdued as investors seek more clues on Fed
BEIJING (AP) — Global stock markets were subdued Thursday following Wall Street's rebound as investors looked ahead to a speech by the U.S.
Trump flip-flops on tax cuts, saying US has 'strong economy'
WASHINGTON (AP) — A day after considering cutting taxes to promote economic growth, President Donald Trump changed course and said he would abandon the idea because the nation already had "a strong economy."
China 'will not sit idly by' over US arms sale to Taiwan
BEIJING (AP) — China "will not sit idly by" if the U.S. proceeds with a sale of advanced F-16V fighter jets to Taiwan, a senior Chinese army officer said Thursday while warning of other potential countermeasures in addition to punishing foreign firms involved in the deal.
China warns US tariffs will 'escalate trade friction'
BEIJING (AP) — China appealed to Washington on Thursday to "meet each other halfway" and settle a trade war instead of going ahead with planned tariff hikes Beijing warned will trigger retaliation.
Asian stocks mixed after Wall Street rebound
BEIJING (AP) — Asian stock markets are mixed Thursday following Wall Street's rebound as investors looked ahead to a speech by the U.S.
China's rust belt looks abroad as growth slows, tariffs bite
YINGKOU, China (AP) — From Thailand to Kenya, trains run on tracks from steel mills in China's northeast, a rust-belt region that is trying to capitalize on a multibillion-dollar national initiative to build ports, railways and other projects abroad.
AP FACT CHECK: Trump's false claims on fuel economy rules
DETROIT (AP) — President Donald Trump is misrepresenting the facts about his proposal to freeze Obama-era fuel economy requirements at 2021 levels.
Trump signs student debt forgiveness for disabled veterans
LOUISVILLE, Ky. (AP) — Hundreds of millions of dollars in federal student loan debt owed by tens of thousands of disabled military veterans will be erased under a directive President Donald Trump signed Wednesday.
Economic twilight zone: Bonds that charge you for lending
FRANKFURT, Germany (AP) — Imagine lending money to someone and having to pay for the privilege of doing so. Or being asked to invest and informed of how much money you'll lose.
Retailers' results show sharp divide between losers, winners
NEW YORK (AP) — The divide between retail winners and losers is widening. That became even more evident Wednesday with the latest batch of earnings reports: Big-box stores and off-price retailers have been responding faster to shoppers' increasing shift online with expanded deliveries and better merchandise.
Germany's Merkel dangles possibility of negotiated Brexit
BERLIN (AP) — German Chancellor Angela Merkel raised the possibility that a negotiated departure for Britain from the European Union might still be possible even as the clock is ticking on a deal that would satisfy both sides.
Fed officials widely divided on rates at July meeting
WASHINGTON (AP) — Federal Reserve officials were widely divided at their meeting last month when they decided to cut rates for the first time in a decade, with some arguing for a bigger rate cut while others insisted the Fed should not cut rates at all.
US has 501,000 fewer jobs than first reported
WASHINGTON (AP) — The U.S. job market isn't quite as strong as originally believed — with revised figures showing that the economy had 501,000 fewer total jobs this March than initially reported.
Powell may signal future rate cuts, but would they matter?
WASHINGTON (AP) — The economy is slowing, the trade war is raging and the president is repeatedly attacking. Under the glare of a spotlight, Chairman Jerome Powell may signal Friday what the Federal Reserve will do — or can do — to strengthen the economy and restore confidence at a time of nagging uncertainties and global weaknesses.
US home sales rose 2.5% in July, aided by low mortgage rates
WASHINGTON (AP) — U.S. home sales increased 2.5% in July, a sign that lower mortgage rates have produced a spurt of home-buying. The National Association of Realtors said Wednesday homes sold last month at a seasonally adjusted annualized rate of 5.42 million units, up from 5.29 million in June.
France's Macron seeks to be a mediator in G-7 hard times
PARIS (AP) — French President Emmanuel Macron hosts the G-7 summit this weekend fresh off a meeting with Russia's Vladimir Putin, hoping to maintain his image as a global mediator at a time of deep political and economic insecurity in the world and despite President Donald Trump's open disdain for multilateral talks.