Business

FILE - In this July 24, 2019, file photo, the container ship Hansa Augsburg is shown docked at PortMiami in Miami. On Friday, Oct. 4, the Commerce Department reports on the U.S. trade gap for August. (AP Photo/Wilfredo Lee, File)
Associated Press
October 04, 2019 - 5:33 am
WASHINGTON (AP) — The U.S. trade deficit widened in August for the first time in three months as exports increased but imports increased more. The politically sensitive gap with China in the trade of goods narrowed. The Commerce Department says the gap between what the United buys and what it sells...
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FILE - This Jan. 31, 2019, file photo, shows the logo of Samsung Electronics Co. at its shop in Seoul, South Korea. Samsung said in an emailed statement Friday, Oct. 4, 2019, that it "has arrived at the difficult decision to cease operations of Samsung Electronics Huizhou" in China in late September. (AP Photo/Lee Jin-man, File)
Associated Press
October 04, 2019 - 1:30 am
SEOUL, South Korea (AP) — Samsung Electronics said Friday it has ended the production of smartphones in its last factory in China. Production at the factory in southern China’s Huizhou ended last month, the company said in an email Friday. It said it made “the difficult decision to cease operations...
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FILE - In this Aug. 23, 2019, file photo pedestrians pass the New York Stock Exchange in New York. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Oct. 3. (AP Photo/Frank Franklin II, File)
Associated Press
October 03, 2019 - 1:48 pm
Technology and health care companies helped U.S. stocks rebound broadly from an early sell-off Thursday, snapping the market’s steep two-day skid. The Dow Jones Industrial Average swung from a loss of more than 330 points to a gain of more than 120 after another disappointing economic report raised...
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Wine bottle are seen in a wine shop in Paris, Thursday, Oct. 3, 2019. The European Union will retaliate against the U.S. decision to slap tariffs on a range of the bloc's exports - from cheese to wine - that are expected to cause job losses, governments and industry groups said Thursday. (AP Photo/Kamil Zihnioglu)
Associated Press
October 03, 2019 - 10:06 am
BRUSSELS (AP) — The trade wars threatening to push the global economy into recession are entering a new phase, with the United States and European Union escalating a dispute that endangers the world’s biggest trade relationship. After the Trump administration slapped steep tariffs on $7.5 billion...
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Microsoft CEO Says Nadella, left, shakes hands with Chief Product Officer Panos Panay, who is holding a Surface Duo at an event Wednesday, Oct. 2, 2019 in New York. (AP Photo/Mark Lennihan)
Associated Press
October 02, 2019 - 9:10 am
NEW YORK (AP) — Microsoft is refreshing its lineup of Surface computers, while previewing dual-screen devices that won’t be out for another year. Besides new laptop and tablet models, Microsoft will also sell $249 wireless earbuds this holiday season, joining Apple, Amazon, Google and others. The...
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FILE - In this Dec. 5, 2018, file photo, residents pass by the entrance to the "Hotan City apparel employment training base" where Hetian Taida Apparel Co. has a factory in Hotan in western China's Xinjiang region. The Trump administration on Tuesday, Oct. 1, 2019, announced it is stopping imports of clothing, gold, diamonds and other items believed to have been produced with forced labor by companies based in Brazil, China and Malaysia as well as some gold mined in eastern Congo and diamonds from a region in Zimbabwe. Hetian Taida Apparel Co., Ltd. in Xinjiang, is one of the companies sanctioned. (AP Photo/Ng Han Guan, File)
Associated Press
October 02, 2019 - 1:36 am
WASHINGTON (AP) — The Trump administration on Tuesday announced it is holding imports of clothing, gold, diamonds and other items believed to have been produced with forced labor by companies based in Brazil, China and Malaysia as well as some gold mined in eastern Congo and diamonds from a region...
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FILE - In this Sept. 18, 2019, file photo stock prices are displayed at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Oct. 1. (AP Photo/Mark Lennihan, File)
Associated Press
October 01, 2019 - 11:53 am
NEW YORK (AP) — U.S. stocks sank to their worst loss in five weeks on Tuesday after a surprisingly limp report on the nation's manufacturing stirred worries about the economy's strength. The report showed that manufacturing weakened in September for the second straight month as President Donald...
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This July 1, 2019, photo shows a construction worker atop a new building in Hillsborough, N.C. On Tuesday, Oct. 1, the Commerce Department reports on U.S. construction spending in August. (AP Photo/Gerry Broome)
Associated Press
October 01, 2019 - 7:09 am
WASHINGTON (AP) — U.S. construction spending edged up a disappointing 0.1% in August as continued weakness in nonresidential construction offset the best gain in home building in nine months. The Commerce Department says the latest figure marked the fourth month of lackluster results, including...
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FILE - In this Tuesday, May 7, 2019, file photo, women select clothing at an American fast fashion retailer Forever 21 which is offering clearance discounts at a shopping mall after it pulled out from China's market, in Beijing. Low-price fashion chain Forever 21, a one-time hot destination for teen shoppers that fell victim of its own rapid expansion and changing consumer tastes, announced Sunday, Sept. 29, 2019, that it has filed for Chapter 11 bankruptcy protection. (AP Photo/Andy Wong, File)
Associated Press
September 29, 2019 - 8:22 pm
NEW YORK (AP) — Low-price fashion chain Forever 21, a one-time hot destination for teen shoppers that fell victim to its own rapid expansion and changing consumer tastes, has filed for Chapter 11 bankruptcy protection. The privately held company based in Los Angeles said Sunday it will close up to...
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This Sept. 20, 2019, photo, shows General Motors workers Matt Himes and Tammy Hudak in Spring Hill, Tenn. Both Himes and Hudak grew up in the shadow of the 6-million-square-foot GM plant in Lordstown, Ohio, and went to work there. Now they are among those who uprooted to work at GM's facility in Spring Hill, Tenn. (AP Photo/Mark Humphrey)
Associated Press
September 27, 2019 - 9:23 am
TOLEDO, Ohio (AP) — It's looking less likely that General Motors will be making vehicles again at the Lordstown, Ohio, assembly plant that shut down last winter. Instead, GM wants to sell the plant to a fledgling electric vehicle maker and build a battery factory. The plant's fate is playing out...
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