Economy

This Monday, April 23, 2018, photo shows a "Sold" sign in front of a home in Jackson, Miss. On Thursday, April 26, Freddie Mac reports on the week’s average U.S. mortgage rates. (AP Photo/Rogelio V. Solis)
April 26, 2018 - 12:02 pm
WASHINGTON (AP) — Long-term U.S. mortgage rates continued to climb this week, reaching their highest level in more than four years and denting prospective home purchasers' prospects amid the spring buying season. It was the third straight week of increases for long-term mortgage rates. Mortgage...
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President of the European Central Bank Mario Draghi arrives for a news conference in Frankfurt, Germany, Thursday, April 26, 2018. (AP Photo/Michael Probst)
April 26, 2018 - 11:02 am
FRANKFURT, Germany (AP) — The head of the European Central Bank says recent signs of weakening economic growth are grounds for caution but not worrisome enough yet to consider changing the bank's stimulus and interest rate policy. Mario Draghi said Thursday that recent data points to "some...
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A woman walks past an electronic board showing Hong Kong share index outside a bank in Hong Kong, Thursday, April 26, 2018. Asian stock markets were mixed on Thursday as investors digested the latest quarterly corporate earnings. (AP Photo/Kin Cheung)
April 26, 2018 - 10:14 am
NEW YORK (AP) — U.S. stocks are rising Thursday morning as Facebook leads a big rally for technology companies. The social media network jumped after its recent data privacy scandal didn't appear to affect its business in the first quarter. Other big technology companies also moved higher. Chipotle...
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In this April 11, 2018, photo, a customer looks over a selection of stoves that are available for sale at a big box store in Cranberry Township, Pa. On Thursday, April 26, the Commerce Department releases its March report on durable goods. (AP Photo/Keith Srakocic)
April 26, 2018 - 8:48 am
WASHINGTON (AP) — Orders for long-lasting manufactured goods rose 2.6 percent in March, but a key category that tracks business investment spending fell for the third month out of the past four. The big rise in orders for durable goods, which followed an even bigger 3.5 percent advance in February...
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April 26, 2018 - 8:42 am
FRANKFURT, Germany (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local): 4:40 p.m. European Central Bank President Mario Draghi says recent data point to "some moderation" in economic growth in the 19-country eurozone. But he said the recent indicators are...
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FILE - In this Thursday, Dec. 14, 2017 file photo, President of the European Central Bank Mario Draghi speaks during a news conference in Frankfurt, Germany. Weaker signals from the economy and worries about a trade war between the United State and China mean the European Central Bank is in no hurry at all to start withdrawing its monetary stimulus efforts. And that means markets and consumers will have to live with central bank interest rates at zero and in some cases below for a good while yet. (AP Photo/Michael Probst, file)
April 26, 2018 - 7:56 am
FRANKFURT, Germany (AP) — The European Central Bank has left its key interest rates and stimulus settings unchanged as it sizes up conflicting signs about how well the economy is doing in the 19 countries that use the euro. Markets are waiting to hear bank President Mario Draghi's assessment at a...
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FILE - In this July 7, 2017 file photo German Chancellor Angela Merkel, front, looks on as U.S. President Donald Trump, center, pads the shoulder of France's President Emmanuel Macron prior to the first working session on the first day of the G-20 summit in Hamburg, northern Germany. Merkel is traveling to Washington to meet with Trump on Friday, April 27, 2018. (AP Photo/Markus Schreiber, file)
April 26, 2018 - 7:38 am
BERLIN (AP) — German Chancellor Angela Merkel is heading to Washington with the same message French President Emmanuel Macron delivered only days earlier: that America and Europe need to bury the hatchet on key issues, from global trade to international security. Yet despite Macron's and Merkel's...
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Highland Arts Elementary School kindergarten teacher Melissa Perez participates in a final walk-in Wednesday, April 25, 2018, in Mesa, Ariz. Communities and school districts are preparing for a historic statewide teacher walkout on Thursday that could keep hundreds of thousands of students out of school indefinitely. (AP Photo/Matt York)
April 26, 2018 - 6:34 am
PHOENIX (AP) — A wave of red-clad teachers will crash upon the Arizona state Capitol on Thursday for an unprecedented job action that will close schools for a majority of the state's public school students, part of an educator uprising that's also bubbled up in Colorado. Around 30,000 to 50,000...
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U.S. Secretary of Transportation Elaine Chao, left, holds a talk with Chinese Premier Li Keqiang during a meeting at the Zhongnanhai Leadership Compound in Beijing, China, Thursday, April 26, 2018. (Naohiko Hatta/Kyodo News via AP, Pool)
April 26, 2018 - 5:16 am
BEIJING (AP) — China appealed to Washington on Thursday to avoid damaging business confidence following a report that U.S. authorities are investigating whether Chinese tech giant Huawei violated sanctions on Iran amid spiraling technology tensions. The Wall Street Journal's report came ahead of a...
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FILE - In this Thursday, Dec. 14, 2017 file photo, President of the European Central Bank Mario Draghi speaks during a news conference in Frankfurt, Germany. Weaker signals from the economy and worries about a trade war between the United State and China mean the European Central Bank is in no hurry at all to start withdrawing its monetary stimulus efforts. And that means markets and consumers will have to live with central bank interest rates at zero and in some cases below for a good while yet. (AP Photo/Michael Probst, file)
April 26, 2018 - 4:46 am
FRANKFURT, Germany (AP) — Investors are waiting to hear what the European Central Bank's president, Mario Draghi, makes of recent conflicting data about the region's economy, and whether the bank will extend its extraordinary monetary stimulus efforts beyond September. Draghi holds a news...
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