Brace Yourself for Jeff Bezos' "Amazon Helios"
Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.
Trump keeps contradicting himself on tariffs, making a fragile world economy nervous
WASHINGTON (AP) — President Donald Trump can't stop contradicting himself on .
Europe saw stronger growth at start of year, but Trump's tariffs have darkened outlook
FRANKFURT, Germany (AP) — Europe’s economy grew more strongly in the first three months of the year, only to see hopes for an ongoing recovery quickly squelched by U.S. President Donald Trump’s trade war.
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McDonald's store traffic falls unexpectedly as diners grow uneasy about economy
McDonald’s store traffic fell unexpectedly in the first quarter as weighed on diners.
Asian shares rise in subdued holiday trading, as US futures jump
TOKYO (AP) — Asian shares advanced Thursday, with many markets in the region closed for Labor Day holidays, after U.S. stocks stormed back from steep early losses to a seventh straight day of gains.
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Trump's tariffs loom over the economy as shipments from China fall
WASHINGTON (AP) — American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next.
US consumer confidence plunges to lowest in 5 years on tariff worries
WASHINGTON (AP) — Americans' confidence in the economy slumped for the fifth straight month to the lowest level since the onset of the COIVD-19 pandemic as anxiety over the takes a heavy toll on consumer expectations for future growth.
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US and global economic outlook deteriorates in Trump trade war, IMF says
WASHINGTON (AP) — The outlooks for the U.S. and global economies have significantly worsened in the wake of and the uncertainty they have created, the International Monetary Fund said Tuesday.
Strange sell-off in the dollar raises the specter of investors losing trust in the US under Trump
NEW YORK (AP) — Among the threats tariffs pose to the U.S. economy, none may be as strange as the sell-off in the dollar.
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China's economy grows at a 5.4% annual pace in Jan-March quarter
BANGKOK (AP) — China's economy expanded at a 5.4% annual pace in January-March, supported by strong exports ahead of U.S. President Donald Trump’s rapid increases in tariffs on Chinese exports, the government said Wednesday.
Inflation, currency woes worsen Venezuela's complex crisis as Maduro declares 'economic emergency'
MARACAIBO, Venezuela (AP) — Erick Ojeda has no money. He returned to land almost empty-handed from an overnight trip fishing for shrimp. His sister and her newborn are waiting for him to pick them up from a hospital. He has had no luck finding a ride there, so he is still helping fishermen get boats out of the water and weigh what little they caught.
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UK economy enjoyed unexpected growth spurt in February before Trump tariff turmoil
LONDON (AP) — Official figures Friday showed that the British economy, the world's sixth-largest, enjoyed a growth spurt in February, the month before U.S. President Donald Trump started to roll out tariffs on imported goods.
Energy demand erodes in face of global economic slowdown as trade war intensifies
WASHINGTON (AP) — Oil prices slumped to a four-year low Wednesday in anticipation of slowing economic growth and reduced energy demand, both casualties of a that began after President Donald Trump ordered widespread tariffs against the imports of U.S. trading partners.
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Mideast stock markets tumble as US tariffs and low oil prices squeeze energy-producing nations
DUBAI, United Arab Emirates (AP) — Middle East stock markets tumbled Monday as they struggled with the dual hit of and a sharp decline in oil prices, squeezing energy-producing nations that rely on those sales to power their economies and government spending.
Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growth
ARLINGTON, Va. (AP) — The Trump administration’s will likely lead to higher inflation and slower growth, and the Federal Reserve will focus on keeping price increases temporary, Fed Chair Jerome Powell said Friday.
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Trump’s tariff push is a race against time, and potential voter backlash
WASHINGTON (AP) — President Donald Trump's flips on its head a decades-long global trend of lower trade barriers and is likely, economists say, to raise prices for Americans by thousands of dollars each year while sharply slowing the U.S. economy.
Trump is set to announce 'reciprocal' tariffs in a risky move that could reshape the economy
WASHINGTON (AP) — After weeks of White House hype and public anxiety, President Donald Trump is set Wednesday to announce a barrage of self-described on friend and foe alike.
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Lebanon appoints new central bank governor as it works to climb out of economic crisis
BEIRUT (AP) — Lebanon appointed asset manager Karim Souaid to the post of central bank governor Thursday as the tries to reform the economy after months of war and decades of mismanagement and corruption.
Copper prices have soared as the US threatens tariffs on the metal and China boosts its economy
NEW YORK (AP) — Copper prices have hit record highs as an ongoing trade war between the U.S. and its key trading partners threatens to squeeze supplies of the vital metal.
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Stock market today: Asian shares are mixed after Wall Street falls back ahead of Fed rate decision
TOKYO (AP) — Asian shares were mixed Wednesday ahead of a decision on interest rates by the U.S. Federal Reserve.
US shoppers modestly increased spending last month as concerns rise about economic outlook
WASHINGTON (AP) — US shoppers stepped up their spending a just bit in February after , signaling that Americans are spending more cautiously as concerns about the direction of the economy mount.
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Business News Digest
AP Business Digest
China orders banks to boost lending, credit card use to get consumers to spend more
BANGKOK (AP) — China has ordered banks and other financial institutions to encourage more consumer financing and use of credit cards as part of a campaign to get people to spend more.
Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad
Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.
Asian shares dip in an echo of Wall Street's sell-off amid alarm over Trump's tariffs
TOKYO (AP) — Asian benchmarks dove Tuesday, as worries grew about the ripple effects from President Donald Trump's tariffs on regional economies and companies.
Stock market today: Asian stocks are mixed as week starts with uncertainty over tariffs
BANGKOK (AP) — Asian stocks got a mixed start to trading Monday as uncertainty persisted over what President will do with tariffs.
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U.S. economy likely generated a solid 160,000 jobs last month, but Trump's trade wars cloud outlook
WASHINGTON (AP) — The U.S. labor market likely kept on churning out jobs last month, economists say, but the outlook is cloudy and getting cloudier as the Trump administration wages trade wars, purges federal employees and seeks to deport millions of immigrants.
Mortgage rates are declining, finally, but may hover at an uncomfortable level
LOS ANGELES (AP) — Mortgage rates have been , helping encourage prospective home shoppers just as the spring homebuying season gets going.
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