Aug 21 U.S. home sales rose in July, aided by low mortgage rates By Josh Boak, Associated Press Cheaper borrowing costs have enabled sales to rise 0.6% from a year ago, ending 16 consecutive months of annual sales declines. Continue reading
Aug 21 Beijing appeals to U.S. to 'meet China halfway' on trade By Associated Press A foreign ministry spokesman expressed hope Washington can "get along with us" and restore "mutually beneficial" trade. Continue reading
Aug 21 Germany's Merkel hosts UK Prime Minister Johnson as Brexit drama grows By Danica Kirka, Kirsten Grieshaber, Associated Press The meeting comes as positions on Britain's divorce from the EU have hardened on both sides of the English Channel, hurtling Britain toward a no-deal exit that would damage both economies. Continue reading
Aug 21 Iran proposes striking 4 zeros from its currency By Amir Vahdat, Jon Gambrell, Associated Press Iran's rial has been battered by escalating U.S. sanctions on the country since President Donald Trump's decision to pull out of Tehran's nuclear deal with world powers over a year ago. Continue reading
Aug 20 Watch 7:22 CEOs are saying they need to be more socially minded. Will anything change? For decades, the driving goal for corporate America has been maximizing stockholders' profits. So what made nearly 200 of the country's most prominent companies issue a joint statement this week, representing a major philosophical shift? John Yang talks to Steven… Continue watching
Aug 20 UK and EU harden their positions on Brexit as G-7 nears By Raf Casert, Danica Kirka, Associated Press UK Prime Minister Boris Johnson's office said that unless the trade backstop on the Irish border was abolished "there's no prospect of a deal."… Continue reading
Aug 19 Trump calls on Federal Reserve to cut interest rates By Martin Crutsinger, Associated Press Trump is calling on the Federal Reserve to cut interest rates by at least a full percentage point "over a fairly short period of time."… Continue reading
Aug 19 U.S. extends reprieve on tech sales to China's Huawei By Associated Press The U.S. government restricted sales of U.S. technology to the Chinese technology giant, but granted a limited temporary reprieve to support existing equipment. Continue reading
Aug 19 Majority of economists expect a recession by 2021, survey finds By Associated Press Thirty-four percent of economists surveyed by the National Association for Business Economics said they believe a slowing economy will tip into recession in 2021, while 38% predict a recession will occur in 2020. Continue reading
Aug 18 Trump wields sanctions hammer; experts wonder to what end By Matthew Lee, Associated Press The Trump administration is aggressively pursuing economic sanctions as a primary foreign policy tool to an extent unseen in decades, or perhaps ever. Many are questioning the results even as officials insist the penalties are achieving their aims. Continue reading