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Economic outlook

Treasury Secretary Steve Mnuchin, second from left, and United States Trade Representative Robert Lighthizer, right, speak with Chinese Vice Premier Liu He, left, as he departs the Office of the United States Trade Representative in Washington, Friday, May 10, 2019. (AP Photo/Andrew Harnik)
May 12, 2019 - 10:40 am

White House expects China to retaliate over trade tariffs

WASHINGTON (AP) — The U.S. is awaiting retaliation from China over increased tariffs, after talks in Washington ended without a deal on trade, the president's chief economic adviser said on Sunday. "The expected countermeasures have not yet materialized. We may know more today or even this evening...
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Treasury Secretary Steve Mnuchin, second from left, and United States Trade Representative Robert Lighthizer, right, speak with Chinese Vice Premier Liu He, left, as he departs the Office of the United States Trade Representative in Washington, Friday, May 10, 2019. (AP Photo/Andrew Harnik)
May 12, 2019 - 9:59 am

White House expects retaliation from China over tariffs

WASHINGTON (AP) — The president's chief economic adviser says he expects China to retaliate over increased tariffs, after talks in Washington ended without a deal on trade. Larry Kudlow also tells "Fox News Sunday" that President Donald Trump's plan to raise US tariffs to 25 percent across the...
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President Donald Trump walks on the South Lawn of the White House in Washington, Wednesday, May 8, 2019, to board Marine One for a short trip to Andrews Air Force Base, Md., to travel to Florida to visit with those affected by Hurricane Michael and attend a rally. (AP Photo/Andrew Harnik)
May 08, 2019 - 7:05 pm

The Latest: US ready to shift military assets in Middle East

WASHINGTON (AP) — The Latest on the United States and Iran (all times local): 6:45 p.m. American officials say the U.S. is poised to move more military assets to the Middle East in response to perceived threats from Iran. Officials say two additional bomber aircraft are expected to deploy to the...
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Visitors stand in front of stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Wednesday, May 8, 2019. The Dow Jones Industrial Average tumbled more than 470 points Tuesday amid a broad sell-off on Wall Street. (AP Photo/Annice Lyn)
May 08, 2019 - 4:25 am

Shares mixed after trade tensions spark Wall Street sell-off

BANGKOK (AP) — Shares were marginally higher in Europe on Wednesday, despite broad losses in Asia and New York, after Germany reported stronger-than-expected industrial output data. Germany's DAX gained 0.3% to 12,125.80 following the report that industrial production rose 0.5 percent in March from...
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FILE- In this March 4, 2019, file photo a worker cleans a jet bridge before passengers boarded an Alaska Airlines flight to Portland, Ore., at Paine Field in Everett, Wash. U.S. employers are expected to have delivered a solid month of job growth in April, buoyed by a resilient economy that has confounded concerns that 2019 would begin with a slowdown. Another decent hiring gain would highlight the economy’s steady health just months after many analysts had expressed fear that growth was poised to weaken and a recession might soon occur. (AP Photo/Ted S. Warren, File)
May 03, 2019 - 7:28 am

A solid US job gain expected for April amid resilient growth

WASHINGTON (AP) — U.S. employers are expected to have delivered a solid month of job growth in April, buoyed by a resilient economy that has confounded concerns that 2019 would begin with a slowdown. Economists have forecast that employers added 181,000 jobs in April and that the unemployment rate...
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FILE--In this Sept. 18, 2009, file photo, a man works at the Exxon Mobil refinery in Baytown, Texas. Exxon Mobil says it plans to spend $2 billion to expand a chemicals plant next to the Houston Ship Channel and that the project will create 2,000 temporary construction jobs. The company said Thursday, May 2, 2019, it will build a new unit at the Baytown plant to make chemical compounds that give plastics more elasticity and flexibility, and produce ingredients used in engine and industrial oils. Exxon says the facility should begin operating in 2022. (AP Photo/Pat Sullivan, File)
May 03, 2019 - 6:44 am

A solid US job gain expected for April amid resilient growth

WASHINGTON (AP) — U.S. employers are expected to have delivered a solid month of job growth in April, buoyed by a resilient economy that has confounded concerns that 2019 would begin with a slowdown. Economists have forecast that employers added 181,000 jobs in April and that the unemployment rate...
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May 02, 2019 - 8:18 am

UK economy expected to slow after rush to prepare for Brexit

LONDON (AP) — The British economy is likely to weaken as firms ease up on Brexit preparations now that the departure from the European Union has been delayed by months, the Bank of England said Thursday. In forecasts published alongside the unanimous decision to keep the main interest rate at 0.75...
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May 02, 2019 - 7:36 am

UK economy expected to slow after rush to prepare for Brexit

LONDON (AP) — The British economy is likely to weaken as firms stop rushing to prepare for a Brexit date that has now been delayed by months, the Bank of England said Thursday. In quarterly economic forecasts published alongside the unanimous decision to keep the main interest rate at 0.75 percent...
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FILE - In this March 20, 2019, file photo federal Reserve Chair Jerome Powell speaks during a news conference in Washington. On Wednesday, May 1, the Federal Reserve releases its latest monetary policy statement after a two-day meeting. (AP Photo/Susan Walsh, File)
May 01, 2019 - 3:43 pm

The Latest: Powell says politics not part of policy decision

WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 3:40 p.m. Federal Reserve Chairman Jerome Powell says the central bank is a "nonpolitical institution," and officials were not considering outside criticism in making their decisions. President Donald...
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FILE - In this March 20, 2019, file photo federal Reserve Chair Jerome Powell speaks during a news conference in Washington. On Wednesday, May 1, the Federal Reserve releases its latest monetary policy statement after a two-day meeting. (AP Photo/Susan Walsh, File)
May 01, 2019 - 3:10 pm

The Latest: Powell declines comment on Trump pick Moore

WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 3:05 p.m. Federal Reserve Chairman Jerome Powell avoided commenting on some controversial views voiced by President Trump's pick for the Fed's Board of Governors, Stephen Moore. Powell was asked if...
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