Financial markets

FILE - In this June 30, 2020 file photo, Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing on the coronavirus response on Capitol Hill in Washington. U.S. consumers lifted their spending in May and June but businesses remained cautious because of the tremendous uncertainty surrounding the economic outlook, Federal Reserve officials said at a policy meeting last month. The nascent economic recovery faces several risks, Fed officials said in discussions during their most recent meeting on July 28-29. (Tasos Katopodis/Pool via AP)
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August 19, 2020 - 3:51 pm
WASHINGTON (AP) — U.S. consumers lifted their spending in May and June but businesses remained cautious because of the tremendous uncertainty surrounding the economic outlook, Federal Reserve officials said at a policy meeting last month. The nascent economic recovery faces several risks, Fed...
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FILE - In this June 16, 2020 file photo, the sun is reflected on Apple's Fifth Avenue store in New York. Apple is the first U.S. company to boast a market value of $2 trillion, just two years after it became the first to reach $1 trillion. Apple shares have gained nearly 60% this year as the company overcame the shutdown of factories in China that produce the iPhone and the closure of its retail sales amid the coronavirus pandemic. (AP Photo/Mark Lennihan, File)
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August 19, 2020 - 2:38 pm
BERKELEY, Calif. (AP) — Apple has become the first U.S. company to boast a market value of $2 trillion as technology continues to reshape a world where smartphones are like appendages and digital services are like instruments orchestrating people's lives. The iPhone maker reached the $2 trillion...
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A man walks past an electronic stock board showing money exchange rates at a securities firm in Tokyo on May 29, 2020. Stocks were mixed in Asia on Wednesday, Aug. 19, 2020, after the S&P 500 logged a fresh all-time high. (AP Photo/Eugene Hoshiko)
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August 18, 2020 - 11:44 pm
Stocks were mixed in Asia on Wednesday after the S&P 500 logged a fresh all-time high. Japan’s Nikkei 225 index edged higher after the country reported its exports fell 19% in July from a year earlier. Markets in Hong Kong were closed due to a tropical storm. The data was an improvement over a...
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FILE - In this June 30, 2020 file photo, a woman wearing a mask passes a sign for Wall Street during the coronavirus pandemic. The S&P 500 is trading above its record closing high Wednesday, Aug. 12, after a rebound for stocks helped the index erase the last of the historic losses taken due to the pandemic. The index was up 1.6% in afternoon trading, with big technology stocks once again leading the way. (AP Photo/Mark Lennihan, File)
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August 18, 2020 - 6:04 pm
NEW YORK (AP) — The stock market is not the economy. Rarely has that adage been as clear as it is now. An amazing, monthslong rally has put the S&P 500 back to where it was before the coronavirus slammed the U.S, even though millions of workers are still getting unemployment benefits and...
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In this Feb. 29, 2012, file photo a shopper looks over the wine at King & Godfree, one of Australia's oldest licensed grocery stores in, Melbourne, Australia. China on Tuesday, Aug. 18, 2020, began investigating whether Australia is dumping wine in a trade dispute that further strains relations between the countries and could shut the biggest export market for Australian wine. (AP Photo/Mal Fairclough, FILE)
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August 18, 2020 - 5:11 am
CANBERRA, Australia (AP) — China on Tuesday began investigating whether Australia is dumping wine in a trade dispute that further strains relations between the countries and could shut the biggest export market for Australian wine. The Chinese Ministry of Commerce said the anti-dumping...
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In this combination image from video, former first lady Michelle Obama, Sen. Bernie Sanders, I-Vt., and former Republican Ohio Gov. John Kasich speak during the first night of the Democratic National Convention on Monday, Aug. 17, 2020. (Democratic National Convention via AP)
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August 18, 2020 - 12:47 am
NEW YORK (AP) — Michelle Obama delivered a passionate condemnation of President Donald Trump during Monday's opening night of the Democratic National Convention, declaring him “in over his head” and warning that the nation's mounting crises would only get worse if he's reelected over Joe Biden. “...
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Workers with old Belarus national flags, one of them holds a poster reads "Requirement # 1 Go away!" gather during a rally at the Minsk Motor Plant in Minsk, Belarus, Monday, Aug. 17, 2020. Some thousands of factory workers have taken to the streets of Minsk demanding the resignation of Belarus' authoritarian President Alexander Lukashenko. (AP Photo/Sergei Grits)
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August 17, 2020 - 3:41 pm
MINSK, Belarus (AP) — Workers heckled and jeered President Alexander Lukashenko on Monday as he visited a factory and strikes grew across Belarus, raising the pressure on the authoritarian leader to step down after 26 years in power. On the ninth straight day of mass protests over the official...
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Iraqi Prime Minister Mustafa al-Kadhimi speaks during an interview with The Associated Press in Baghdad, Iraq, Monday, Aug. 17, 2020. (AP Photo/Khalid Mohammed)
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August 17, 2020 - 1:51 pm
BAGHDAD (AP) — Iraq’s prime minister said Monday ahead of a much anticipated trip to Washington that his country still needs U.S. assistance to counter the threat posed by the Islamic State group and that his administration is committed to introducing security sector reforms as rogue militia groups...
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FILE - In this June 30, 2020 file photo, a woman wearing a mask passes a sign for Wall Street during the coronavirus pandemic. Stocks are starting another week with modest gains on Wall Street, and the S&P 500 is making its latest run at its record high. (AP Photo/Mark Lennihan, File)
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August 17, 2020 - 1:19 pm
NEW YORK (AP) — Stocks are starting another week with modest gains on Wall Street, and the S&P 500 is making its latest run at its record high. The benchmark index was up 0.4% at 3,385.36 in afternoon trading. Earlier in the morning, it rose above its record closing level of 3,386.15, which was...
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FILE - In this Aug. 6, 2020, file photo, shoppers walk though a clothing market in Bangkok, Thailand. Thailand's economy contracted at a 12.2% annual rate in the April-June quarter, its sharpest downturn since the Asian financial crisis of the late 1990s. (AP Photo/ Gemunu Amarasinghe, File)
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August 17, 2020 - 4:44 am
BANGKOK (AP) — Thailand's economy contracted at a 12.2% annual rate in the April-June quarter, its sharpest downturn since the Asian financial crisis of the late 1990s. The data reflect a deterioration of business activity, with the country virtually closed to international travel due to the...
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