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Dozens of countries with no deals face higher tariffs as trade deadline nears
WASHINGTON (AP) — Numerous countries around the world are facing the prospect of much higher duties on their exports to the United States on Friday, a potential blow to the global economy, because they haven't yet reached a trade deal with the Trump administration.
Federal Reserve likely to stand pat on rates this week, deepening the gulf between Powell and Trump
WASHINGTON (AP) — The Federal Reserve is expected to leave its short-term interest rate unchanged on Wednesday for the fifth straight meeting, a move that will likely underscore between how Chair Jerome Powell and his chief critic, President Donald Trump, see the economy.
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Asian shares are mostly higher after China-US talks end without a trade deal
BANGKOK (AP) — Shares in Asia were mostly higher on Wednesday after the U.S. and China ended their latest round of without a deal. U.S, futures edged higher while oil prices slipped.
Federal Reserve likely to air divisions as it keeps rates unchanged
WASHINGTON (AP) — Two top Federal Reserve officials could dissent from the central bank’s likely decision Wednesday to hold its key interest rate steady, a sign of division at the Fed that reflects the economy's muddy outlook and possibly the jockeying to replace Chair Jerome Powell when his term ends in May 2026.
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US-China trade talks: Can China reduce its export dependence?
BEIJING (AP) — China’s high will likely be a key focus of of U.S.-China trade talks this coming week in Stockholm, but a trade deal would not necessarily help Beijing to rebalance its economy.
US automakers say Trump's 15% tariff deal with Japan puts them at a disadvantage
WASHINGTON (AP) — U.S. automakers are concerned about President Donald Trump's at 15%, saying they will face steeper import taxes on steel, aluminum and parts than their competitors.
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Trump's attacks on Powell threaten the Fed's independence. Here's why it matters
WASHINGTON (AP) — President Donald Trump has in his attack on the Federal Reserve and its chair, Jerome Powell: He says the alledged mismanagement of a building renovation project could be grounds for firing Powell.
Asian shares mostly advance after Wall Street cruises to more records
MANILA, Philippines (AP) — Asian shares were mostly higher on Friday after Wall Street rose to records following better-than-expected updates on the economy and a mixed set of profit reports from big U.S. companies.
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Cash is scarce in Gaza. Palestinians are paying a high price to get it
DEIR AL-BALAH, Gaza Strip (AP) — Cash is the lifeblood of the Gaza Strip’s , and like all other necessities in this — food, fuel, medicine — it is in extremely short supply.
Nvidia is again Wall Street's most valuable company. How it got there, by the numbers
Nvidia reached another milestone in its rise to becoming one of the world's most important companies: the first publicly traded company to reach a market value of $4 trillion.
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European Central Bank head: Frequent shocks to economy make inflation more unpredictable
FRANKFURT, Germany (AP) — The head of the European Central Bank said inflation has become more unpredictable due to shocks like the COVID-19 pandemic and Russia’s invasion of Ukraine - and that policymakers need to take the possibility of such extreme scenarios into account and communicate them to the public as well.
U.S. economy shrank 0.5% between January and March, worse than earlier estimates revealed
WASHINGTON (AP) — The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s trade wars disrupted business, the Commerce Department reported Thursday in an unexpected downgrade from its previous estimate.
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Russia's economy minister says the country is on the brink of recession
ST. PETERSBURG, Russia (AP) — Russia's economy is “on the brink of going into a recession,” the country's economy minister said Thursday, according to Russian media reports.
Middle East conflict threatens to exacerbate inflationary pressure on some things
Israel's has catapulted their long-running conflict into what could become a wider, more dangerous regional war and potentially drive prices higher for both businesses and households.
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Citing trade wars, the World Bank sharply downgrades global economic growth forecast to 2.3%
WASHINGTON (AP) — President Donald Trump’s are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday.
U.S. hiring likely slowed to 130,000 new jobs last month amid uncertainty over Trump's policies
WASHINGTON (AP) — The American job market likely continued to slow last month, hobbled by worries over President Donald Trump’s trade wars, deportations and purges of the federal workforce.
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Trump's tariffs would cut US deficits by $2.8T over 10 years and shrink the economy, CBO says
WASHINGTON (AP) — President Donald Trump’s would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of households overall, according to an analysis released Wednesday by .
The euro is about to get a new member, Bulgaria. What's the eurozone and how do countries join?
FRANKFURT, Germany (AP) — European Union officials gave the green light Wednesday for of the euro currency union,, a key EU project aimed at deepening the ties between member countries.
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British government is out of the banking business with sales of remaining shares in NatWest
LONDON (AP) — The British government sold its remaining shares in NatWest bank, which it bailed out during the 2008 financial crisis, at a taxpayer cost of 10.5 billion pounds ($14.1 billion), the Treasury said Friday.
South Korea's central bank cuts borrowing costs to nurse the sluggish economy
SEOUL, South Korea (AP) — South Korea’s central bank cut its key interest rate and sharply lowered its growth outlook for the country’s economy in 2025, as it moved Thursday to counter U.S. President Donald Trump’s tariff hikes and weak domestic demand worsened by recent political turmoil.
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Germany's economy grew by 0.4% in the 1st quarter. That's double the initial estimate
BERLIN (AP) — The , Europe's biggest, grew by 0.4% in the first quarter thanks to stronger-than-expected exports and manufacturing, official data showed Friday. That was double the growth initially estimated.
Tariffs, inflation and leery customers are hitting retailers in different ways
Retailers are trying to navigate their way through economic uncertainty in 2025. , inflation and lingering fears of a recession have left many Americans uneasy and pulling back on spending.
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Trump's massive import taxes haven't done much economic damage -- yet
WASHINGTON (AP) — For months, American consumers and businesses have been hearing that President Trump’s massive import taxes – tariffs – would drive up prices and hurt the U.S. economy. But the latest economic reports don’t match the doom and gloom: Inflation actually , and in April.
Moody's strips U.S. government of top credit rating, citing Washington's failure to rein in debt
WASHINGTON (AP) — Moody's Ratings stripped the U.S. government of its top credit rating Friday, citing successive governments' failure to stop a rising tide of debt.
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UN forecasts slower global economic growth following Trump's tariffs and trade tensions
UNITED NATIONS (AP) — The United Nations on Thursday forecast slower global economic growth this year and next, pointing to the impact of the and .
Funds from migrants sent back home help fuel some towns' economies. A GOP plan targets that
WASHINGTON (AP) — Israel Vail’s entire life in the small western Guatemalan town of Cajolá is built off the money that his three children send home from the United States.
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