economy

Facebook
Elise Amendola/AP, file
June 18, 2019 - 1:19 pm
SAN FRANCISCO (AP) — Facebook already rules daily communication for more than two billion people around the world. Now it wants its own currency, too. The social network unveiled an ambitious plan Tuesday to create a new digital currency similar to Bitcoin for global use, one that could drive more...
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Charitable giving
Steve Bisson/Savannah Morning News via AP
June 18, 2019 - 12:13 pm
NEW YORK (AP) — Charitable giving by individual Americans in 2018 suffered its biggest drop since the Great Recession of 2008-09, in part because of Republican-backed changes in tax policy, according to the latest comprehensive report on Americans' giving patterns. The Giving USA report , released...
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Power Plant in the South of Iran taken in January 2019
iStock / Getty Images Plus
May 31, 2019 - 11:04 am
By Kiyoko Metzler, Associated Press VIENNA (AP) — The U.N. atomic watchdog said Friday Iran continues to stay within the limitations set by the nuclear deal reached in 2015 with major powers, though its stockpiles of low-enriched uranium and heavy water are growing. In a confidential quarterly...
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In this May 10, 2019, file photo a container ship is unloaded at the Virginia International Gateway terminal in Norfolk, Va.
Steve Helber/AP Photo, File
May 31, 2019 - 8:46 am
By Michelle Chapman, AP Business Writer The surprise announcement by President Donald Trump of an escalating tariff regime against Mexico is sending ripples through almost every economic sector in the U.S., pulling at the shares of companies that make cars, operate railroads, or sell anything with...
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Fiat logo
Gene J. Puskar/AP, file
May 27, 2019 - 11:03 am
PARIS (AP) — Fiat Chrysler proposed on Monday to merge with France's Renault to create the world's third-biggest automaker and combine their investments in the race to make new electric and autonomous vehicles. The merged company would reshape the global industry: it would make some 8.7 million...
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Donald Trump and Xi Jinping
Chip Somodevilla; Fred Dufour/Getty Images
Steve Tawa
May 13, 2019 - 3:39 pm
PHILADELPHIA (KYW Newsradio) — While it's being referred to as a "trade war," a University of Pennsylvania professor believes the core of the U.S.-China dispute revolves around competition over the future of innovation and different business models between the two countries. Minyuan Zhao, an...
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An electronic stock board shows Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, May 7, 2019.
Eugene Hoshiko/AP Photo
May 07, 2019 - 9:57 am
By Joe McDonald, AP Business Writer BEIJING (AP) — Global stock markets were mixed Tuesday after China said its economy czar will go to Washington for trade talks despite U.S. President Donald Trump's threat to escalate their tariff war. China's main stock index rose 0.7% and most other Asian...
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A man looks at his smartphone near a display showing stock prices at a brokerage house in Shanghai Monday, May 6, 2019.
AP Photo
May 06, 2019 - 5:14 pm
By Joe McDonald and Paul Wiseman BEIJING (AP) — By threatening to raise taxes on Chinese imports, President Donald Trump is throwing down a challenge to Beijing: Agree to sweeping changes in China's government-dominated economic model — or suffer the consequences. The unexpected ultimatum,...
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U.S. - China trade war
iStock / Getty Images Plus
Tim Jimenez
May 06, 2019 - 6:55 am
UPDATED: 9:30 a.m. PHILADELPHIA (KYW Newsradio) — A tweet from President Donald Trump is rattling the markets and could throw a monkey wrench into trade talks with China this week. This morning, the president tweeted, "With China we lose 500 billion dollars. Sorry, we're not going to be doing that...
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Mayor Jim Kenney
Mark Makela/Getty Images
Pat Loeb
May 05, 2019 - 4:00 am
PHILADELPHIA (KYW Newsradio) — Philadelphia Mayor Jim Kenney says his new plan for economic growth includes strategies to make sure everyone in the city benefits, even those who have traditionally been left behind. There's an old saying that the best social program is a job and that is pretty much...
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