Economic growth

In this photo provided by the New York Stock Exchange, traders work on the floor during the United Wholesale Mortgage IPO, Friday, Jan. 22, 2021. Wall Street is tapping the brakes on its record-setting rally this week, as markets worldwide take a pause on Friday. (Courtney Crow/New York Stock Exchange via AP)
January 22, 2021 - 1:51 pm
Wall Street tapped the brakes on its recent record-setting rally Friday with a mixed finish for the major stock indexes, though the S&P 500 still ended the week with its third weekly gain in four. The benchmark index fell 0.3%, snapping a three-day winning streak, but notched a 1.9% gain for...
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People are reflected on the electronic board of a securities firm in Tokyo, Wednesday, Jan. 20, 2021. Asian shares were mostly higher Wednesday, ahead of Joe Biden's inauguration as president, ending President Donald Trump’s four-year term. Japan's benchmark lost early gains as worries grew about the surge in coronavirus cases. (AP Photo/Koji Sasahara)
January 19, 2021 - 7:21 pm
TOKYO (AP) — Asian shares were mostly higher Wednesday, ahead of Joe Biden's inauguration as U.S. president. Japan's benchmark lost early gains as worries grew about the surge in coronavirus cases. Japan's benchmark Nikkei 225 lost early gains to slip 0.4% in morning trading to 28,515.21. Australia...
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A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Jan. 18, 2021. Shares fell Monday across most of Asia following a retreat on Wall Street, but benchmarks in Hong Kong and Shanghai rose after data showed the Chinese economy grew a solid 2.3% in 2020. (AP Photo/Vincent Yu)
January 18, 2021 - 9:05 am
Stock markets got off to a slow start for the week despite news that the Chinese economy grew 2.3% in 2020 after a sharp contraction early in the year. Shares fell in London and Tokyo on Monday but advanced in Hong Kong, Paris and Shanghai. Most U.S. markets are closed for a national holiday...
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FILE - In this Oct. 19, 2020, file photo, women eating snack walk by a Chanel cosmetic shop at the capital city's popular shopping mall in Beijing. China’s economy grew 2.3% in 2020 as a recovery from the coronavirus pandemic accelerated while the United States, Europe and Japan struggled with disease flare-ups. (AP Photo/Andy Wong, File)
January 18, 2021 - 1:33 am
BEIJING (AP) — China eked out 2.3% economic growth in 2020, likely becoming the only major economy to expand as shops and factories reopened relatively early from a shutdown to fight the coronavirus while the United States, Japan and Europe struggled with rising infections. Growth in the three...
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President-elect Joe Biden speaks during an event at The Queen theater in Wilmington, Del., Friday, Jan. 8, 2021, to announce key administration posts. (AP Photo/Susan Walsh)
January 14, 2021 - 10:34 pm
WASHINGTON (AP) — President-elect Joe Biden already faces the daunting task of steering a newly announced $1.9 trillion coronavirus relief bill through a closely divided Congress as the pandemic and its economic fallout grow. Now Biden will have to do it with President Donald Trump’s impeachment...
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President-elect Joe Biden speaks during an event at The Queen theater in Wilmington, Del., Friday, Jan. 8, 2021, to announce key administration posts. (AP Photo/Susan Walsh)
January 14, 2021 - 5:19 pm
WASHINGTON (AP) — President-elect Joe Biden already faces the daunting task of steering a newly announced $1.9 trillion coronavirus relief bill through a closely divided Congress as the pandemic and its economic fallout grow. Now Biden will have to do it with President Donald Trump’s impeachment...
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A cargo ship passes under a bridge over the river Main in Frankfurt, Germany, Wednesday, Jan. 13, 2021. (AP Photo/Michael Probst)
January 14, 2021 - 3:39 am
FRANKFURT, Germany (AP) — The German economy, Europe's largest, shrank by 5% in the pandemic year 2020, ending a decade of growth as lockdowns wiped out much business and consumer activity. As dreary as the numbers were, the drop was smaller than many had expected, and a high savings rate suggested...
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In this photo provided by the North Korean government, North Korean leader Kim Jong Un attends a ruling party congress in Pyongyang, North Korea Wednesday, Jan. 6, 2021. North Korea’s ruling Workers’ Party continued its landmark Congress for a second day Wednesday, state media reported early Thursday. Independent journalists were not given access to cover the event depicted in this image distributed by the North Korean government. The content of this image is as provided and cannot be independently verified. Korean language watermark on image as provided by source reads: "KCNA" which is the abbreviation for Korean Central News Agency. (Korean Central News Agency/Korea News Service via AP)
January 06, 2021 - 6:17 pm
SEOUL, South Korea (AP) — North Korea leader Kim Jong Un vowed to strengthen the country's military defenses in a speech at a major ruling party meeting that provides insights into his priorities amid growing economic challenges and a U.S. presidential transition. Kim made clear his “will to...
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In this photo provided by the North Korean government, North Korean leader Kim Jong Un attends a ruling party congress in Pyongyang, North Korea Tuesday, Jan. 5, 2021. Kim opened its first Workers’ Party Congress in five years with an admission of policy failures and a vow to lay out new developmental goals, state media reported Wednesday. Independent journalists were not given access to cover the event depicted in this image distributed by the North Korean government. The content of this image is as provided and cannot be independently verified. Korean language watermark on image as provided by source reads: "KCNA" which is the abbreviation for Korean Central News Agency. (Korean Central News Agency/Korea News Service via AP)
January 05, 2021 - 10:06 pm
SEOUL, South Korea (AP) — North Korean leader Kim Jong Un admitted that his economic development plans have failed as he opened the nation’s first full ruling party congress in five years, state media reported Wednesday. In an opening speech at the congress that began Tuesday, Kim said that the...
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In this photo released by China's Xinhua News Agency, Chinese President Xi Jinping delivers a New Year's address in Beijing, Thursday, Dec. 31, 2020. China has made major progress in developing its economy and eradicating rural poverty over the past year despite the coronavirus pandemic, Xi said.(Ju Peng/Xinhua via AP)
December 31, 2020 - 4:32 am
BEIJING (AP) — China has made major progress in developing its economy and eradicating rural poverty over the past year despite the coronavirus pandemic, Chinese President Xi Jinping said in a New Year address Thursday. China was the first major economy to register positive economic growth in 2020...
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