Economic news

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FILE - This Thursday, Oct. 2, 2014, file photo, shows the facade of the New York Stock Exchange. Global stock markets mostly rose on Tuesday, Aug. 30, 2016, as investors weighed the possibility and timing of another U.S. interest rate increase this year. (AP Photo/Richard Drew, File)

US stocks mostly lower as investors wait for jobs report

Stocks fell slightly on Tuesday in another quiet day on Wall Street as hesitant investors remained on the sidelines as a slow summer winds down. Shares of the candy company Hershey plunged after it walked away from a merger proposal, and Apple slipped after the company was hit with a ...

France wants halt to 'imbalanced' EU-US trade deal talks

The French government wants the European Union to end talks with the U.S. on forging a sweeping trade deal that it sees as too friendly to U.S. businesses. French President Francois Hollande said Tuesday that talks on a landmark trade deal between the U.S. and European Union are unbalanced and ...

FILE - In this July 12, 2016 file photo, French Economy Minister Emmanuel Macron, center right, delivers a speech during a political rally for his movement, En Marche! (Forward!), in Paris. Macron, an outspoken former investment banker who has encouraged start-ups and more labor flexibility, has quit the socialist government Tuesday Aug. 30, 2016 amid speculation that he is considering a presidential bid. (AP Photo/Thibault Camus, File)

French economy chief Macron, eyeing presidential bid, quits

French Economy Minister Emmanuel Macron, an outspoken former investment banker who has encouraged startups and more labor flexibility, has quit the socialist government amid speculation that he is considering a presidential bid. Macron this year started a political movement called "En Marche!" (In Motion) that he presents as neither right- ...

This Wednesday, Aug. 17, 2016, photo, shows a Chase Bank branch in North Miami Beach, Fla. On Tuesday, Aug. 30, the Federal Deposit Insurance Corp. releases U.S. bank industry earnings for the second quarter. (AP Photo/Wilfredo Lee)

US bank earnings in Q2 climbed 1.4 percent to $43.6B

U.S. banks' earnings in the April-June period rose 1.4 percent from a year earlier as growth in lending fueled interest income. The data issued Tuesday by the Federal Deposit Insurance Corp. showed continued strength in the banking industry eight years after the financial crisis struck. However, the impact of low ...

This undated photo provided by Jeffrey Belth shows Joseph M. Belth, a professor emeritus of insurance at Indiana University. Belth has been an outspoken critic of the practice of "shadow insurance," in which life insurers create subsidiaries to take on some of their liabilities. He calls the practice "a shell game" that puts policyholders and taxpayers at greater risk. (Jeffrey Belth via AP)

Iowa at center of debate over 'shadow insurance' deals

For cash-strapped life insurance companies, the deal sounds almost too good to be true: A state law allows them to create complex financial instruments to transfer liabilities to new subsidiaries, instantly wiping huge debts off their books. So-called "shadow insurance" agreements have exploded over the last decade, but a growing ...

FILE - In this Wednesday, Dec. 2, 2015, file photo, a woman shops in an Aeropostale clothing store, in New York. On Tuesday, Aug. 30, 2016, the Conference Board releases its August index on U.S. consumer confidence. (AP Photo/Mark Lennihan, File)

US consumer confidence in August highest in 11 months

U.S. consumer confidence rose in August to its highest level in 11 months, suggesting economic growth could pick up in the second half of the year. The Conference Board said Tuesday that its consumer confidence index rose to 101.1, up from 96.7 in July. It was the highest level for ...

FILE - This Tuesday, May 24, 2016, file photo shows a home for sale in Andover, Mass. On Tuesday, Aug. 30, 2016, the Standard & Poor's/Case-Shiller 20-city home price index for June is released. (AP Photo/Elise Amendola, File)

US home prices rise in June at slowest pace in 10 months

U.S. home prices rose modestly in June, pushed up by strong sales and a limited supply of available properties. The Standard & Poor's CoreLogic Case-Shiller 20-city home price index, released Tuesday, increased 5.1 percent in June compared with a year ago. That's down from a 5.3 percent annual gain in ...

Global stocks rise as investors weigh future of US rates

Global stock markets mostly rose on Tuesday as investors weighed the possibility and timing of another U.S. interest rate increase this year. KEEPING SCORE: France's CAC 40 added 0.7 percent to 4,455 and Germany's DAX rose 0.9 percent to 10,640. Britain's FTSE 100 inched up less than 0.1 percent to ...

This NOAA satellite image taken Monday, Aug. 29, 2016, at 12:45 a.m. EDT shows two tropical depressions that have formed. Tropical Depression Nine is just south of Florida. The storm should move into the Gulf and could strengthen into a name storm. This is creating showers and thunderstorms throughout the Western Caribbean area. Two the North just east of the Carolina\'s is Tropical Depression Eight. The storm is moving slowly westward and could effect the east coast with downpours and gusty winds. Over the open waters of the Central Atlantic is Hurricane Gaston. He became the first major hurricane of the season with winds as high as 120 MPH. The storm should stay over the sea. (NOAA/Weather Underground via AP)

North Carolina warily watching 2 tropical weather systems

Beachgoers, boat captains and business owners on North Carolina's Outer Banks warily eyed a potent tropical weather system that could rain out one of the last busy weeks of the summer. Forecasters expected the first system to become a tropical storm before brushing the North Carolina coast Tuesday, bringing heavy ...

People walk next to an official photography of Brazil's suspended President Dilma Rousseff, with a text written in Portuguese that reads "Dilma our president," at a camp in Brasilia, Brazil, Sunday, Aug. 28, 2016. Rousseff will face Congress on Monday as her impeachment process enters its final stages. She is accused of using unauthorized loans from state-owned banks and that she illegally issued decrees to make government payments without congressional approval. (AP Photo/Eraldo Peres)

Brazil's president proclaims innocence at impeachment trial

In a 14-hour session that was less electric than expected, Brazil's suspended president proclaimed her innocence at her impeachment trial Monday, branding her vice president a "usurper," calling the drive to oust her a "coup" and warning senators that history will judge them harshly if they oust a democratically elected ...

FILE - In this Oct. 2, 2014, file photo, the statue of George Washington on the steps of Federal Hall faces the facade of the New York Stock Exchange. Stocks are opening moderately higher on Wall Street, Monday, Aug. 29, 2016, as the market comes off three days of losses. (AP Photo/Richard Drew, File)

Asian stocks mostly rise on hopes for higher US rates

Asian shares were mostly higher Tuesday as hopes continued for a U.S. Federal Reserve interest rate hike later this year. KEEPING SCORE: Japan's benchmark Nikkei 225 was virtually unchanged at 16,739.49 in morning trading, losing earlier gains as the dollar weakened again. A strong dollar is a boon for Japanese ...

Republican presidential candidate Donald Trump speaks at Joni's Roast and Ride at the Iowa State Fairgrounds, in Des Moines, Iowa, Saturday, Aug. 27, 2016. (AP Photo/Gerald Herbert)

Suddenly unsure on immigration, Trump trying to clear it up

It's been the driving issue of Donald Trump's campaign. Build a wall along the southern border. Make Mexico pay for it. And expel everyone living in the U.S. illegally with the help of a "deportation force." Ten weeks before the election, however, buffeted by conflicting advice from aides and advisers, ...

A Friday, Aug. 5, 2016 photo shows land in West Jordan, Utah, that may be purchased by FaceBook for a data center. The race between the small town of Los Lunas in New Mexico and the Salt Lake City suburb of West Jordan to entice a new Facebook data center with millions in tax breaks and subsidies is raising questions about public investments in a booming cloud-computing economy that typically brings few local jobs. (Scott G Winterton/Deseret News via AP)

Race for Facebook data center raises tax-break questions

The race between a small town on the Rio Grande in New Mexico and a Salt Lake City suburb to entice a new Facebook data center with millions of dollars in tax breaks and subsidies is raising questions about public investments in a booming cloud-computing economy that typically brings few ...

In this photo taken Nov. 30, 2015, President Barack Obama meets with Chinese President Xi Jinping in Le Bourget, France.  A trade deal that is a centerpiece of Obama's efforts to counter Chinese influence in Asia hangs in the balance as he makes his last visit to Asia as president.  (AP Photo/Evan Vucci)

Obama to juggle security, climate, rights on final Asia trip

President Barack Obama faces thorny talks about the fight against the Islamic State group, climate change and human rights when he sets off this week across the Pacific for an eight-day valedictory tour through Asia. Obama is to leave Wednesday to attend back-to-back summits in Hangzhou, China, and Vientiane, Laos. ...

EU, Germany play down reports of US trade talk failure

Both the European Union's lead negotiator in trade talks with the United States and the spokesman for Germany's leader on Monday downplayed assertions that negotiations on the proposed landmark pact have collapsed. German Economy Minister Sigmar Gabriel, who is also Germany's vice chancellor, had said Sunday that "in my opinion, ...

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