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A Divided Fed Cuts Key Interest Rate for 2nd time This Year

WASHINGTON — A sharply divided Federal Reserve cut its key benchmark interest rate for a second time this year while saying Wednesday that it's prepared to continue doing what it deems necessary to sustain the U.S. economic expansion. The Fed's move will redu...
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US Stocks Move Higher as China Eases Trade Tensions

Stocks rose broadly on Wall Street in afternoon trading Wednesday as investors welcomed China's move to exempt some U.S. products from a recent round of tariffs. Technology, health care and communication ser...
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US Hiring Slow but Steady Amid Trade War and Global Weakness

WASHINGTON — U.S. employers added a modest 130,000 jobs in August, a sign that hiring has slowed but remains durable in the face of global economic weakness and President Donald Trump's trade war with China. The unemployment rate remained 3.7% for a third s...
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US Stock Indexes Slide as China’s Currency Hits 11-Year Low

NEW YORK — U.S. stocks nosedived in morning trading on Wall Street Monday as China's currency fell sharply and stoked fears that the trade war between the world's two largest economies would continue escalating. China let its currency, the yuan, sink to an ...
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US Economy Slowed to 2.1% Growth in Second Quarter

WASHINGTON — The U.S. economy slowed sharply in the April-June quarter even as consumers stepped up their spending. The gross domestic product, the economy's total output of goods and services, grew at a 2.1...
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Valley Nut and Fruit Growers Get Relief in China Trade War

Growers of grapes, tree nuts, and cranberries got good news from Agriculture Secretary Sonny Perdue on Thursday morning. The U.S. Department of Agriculture will provide up to $16 billion in aid to farmers impacted by the tariff battle with China initiated b...