Greenhouse disrupting food systems with aquaponics

California 03/02/19, 01:05

Salmon aren't supposed to be swimming here.The lettuce, spinach and other leafy greens also are out of place.A 3-acre greenhouse, nearly twice the length of a football field, glows purple from its more than 1,100 LED grow lights — a sight that turns the heads of passing motorists on Interstate ...

US Treasury takes first steps to avoid exceeding debt limit

Business 03/01/19, 15:40

The Treasury Department is taking the first steps to keep the government from exceeding the $22 trillion debt limit which goes back into effect on Saturday, setting off what will likely be months of battle in Congress on finding ways to avoid an unprecedented default on the national debt. Treasury said ...

US stocks open lower after weak economic growth report

World 02/28/19, 10:19

Stocks are opening slightly lower on Wall Street Thursday after the government reported that economic growth slowed down at the end of last year. There were also disappointing earnings and forecasts from several technology companies. The latest figures show that the U.S. economy grew in the fourth quarter at its slowest ...

Lawyer: Russian cybercrime suspect on hunger strike

Europe 02/28/19, 09:55

The lawyers for a Russian suspected of bitcoin fraud and wanted by three countries said Thursday that the man's health is deteriorating due to a hunger strike, and criticized the Greek courts for detaining him for more than the maximum 18 months allowed.Lawyer Zoe Konstantopoulou said Alexander Vinnik, 39, has ...

Powell says Fed likely to end bond trimming by end of 2019

Business 02/27/19, 15:36

Federal Reserve Chairman Jerome Powell said Wednesday that the Fed is close to announcing a plan to end the reduction of the size of its massive bond portfolio, which looks likely by the end of the year. Powell, delivering the Fed's semiannual monetary report to Congress, faced a number of questions ...

Next year in Caracas? Venezuelans hope exile will end soon

America 02/27/19, 11:10

Next year in Caracas?As Venezuela's opposition rekindles street protests and builds powerful international support, the millions who fled are redirecting their gaze toward their beloved homeland in hopes that their exile will prove short-lived.Diomira Becerra has been watching the events unfold from Colombia, eyeing every development for a hint of ...

Billionaire list shows $1T hit from ’18 market meltdown

Business 02/27/19, 01:55

A rich list by wealth compiler Hurun Report shows the market meltdowns in 2018 obliterated $1 trillion in wealth, with more than 212 of China's richest individuals losing their dollar billionaire status. The report, China's version of the Forbes rich list, showed Chinese billionaires still outnumbered those from any other country ...

Asian shares higher as region eyes Trump-Kim summit

Business 02/27/19, 01:05

Asian shares rose in muted trading Wednesday as investors awaited the outcome of a summit between President Donald Trump and North Korean leader Kim Jong Un in Vietnam. Japan's benchmark Nikkei 225 added 0.5 percent in early trading Wednesday to 21,564.75. Australia's S&P/ASX 200 gained 0.4 percent to 6,150.30. South Korea's ...

Stocks slide on conflicting US economic data, Fed remarks

Business 02/26/19, 14:01

U.S. stock indexes veered lower in afternoon trading Tuesday as investors weighed conflicting reports on how the U.S. economy is doing and remarks by the head of the Federal Reserve.Health care companies and banks took some of the heaviest losses, outweighing gains in technology stocks.The indexes slipped shortly following the ...

Pound jumps as economic risk to UK of ‘no-deal’ Brexit eases

Business 02/26/19, 12:16

The prospect of Britain suffering an economic shock next month eased Tuesday after the British government paved the way for a delay in the country's departure day.Confirmation that the government is mulling a Brexit delay turbo-charged the pound, which posted one of its biggest gains since the 2016 vote to ...

Fed’s Powell predicts solid but slower growth in 2019

Business 02/26/19, 11:40

Federal Reserve Chairman Jerome Powell says the U.S. economy should keep expanding at a solid, though somewhat slower pace this year. But he warns of growing risks, including a global slowdown, volatile financial markets and uncertainty about U.S. trade policy. In delivering the Fed's semiannual monetary report to Congress, Powell says ...

US consumer confidence rebounds in February

Business 02/26/19, 10:25

American consumers were feeling more confident this month after a rally in the stock market and an end to partial shutdown of the federal government.The Conference Board, a business research group, says its consumer confidence index rose to 131.4 from 121.7 in January.The index measures consumers' assessment of current economic ...

Asian shares lower as tariffs delay rally fades

Business 02/26/19, 00:21

Shares were mostly lower in Asia on Tuesday, backtracking from Monday's rally spurred by news that President Donald Trump had pushed back a deadline for raising tariffs on imports from China to allow time for more negotiations. Mainland China indexes rose, however, after a report in the Hong Kong newspaper South ...

GE sells biopharma unit for $21 billion

Business 02/25/19, 07:32

General Electric is selling its biopharma business to Danaher Corp. for $21.4 billion as the industrial giant continues to shed pieces of itself.The biopharma unit, part of GE Life Sciences, generated revenue of about $3 billion last year. The mostly-cash transaction is expected to close in the fourth quarter of ...

Asian stocks mostly higher after Trump tariff extension

Business 02/25/19, 00:35

Most Asian stock markets rose Monday after President Donald Trump said he would postpone a March 1 deadline for a U.S. tariff hike on imports from China following talks on a dispute over Beijing's technology ambitions. The Shanghai Composite Index gained 4.0 percent to 2,916.53, its highest level in six months, ...

Asian stocks mostly higher after Trump tariff extension

Business 02/24/19, 23:45

Most Asian stock markets rose Monday after President Donald Trump said he would postpone a March 1 deadline for a U.S. tariff hike on Chinese imports following weekend talks on a battle over Beijing's technology ambitions. The Shanghai Composite Index gained 2.4 percent to 2,871.27 points and Tokyo's Nikkei 225 added ...

In Chinese border city, locals hope North Korea opens up

World 02/24/19, 08:51

When a green-and-yellow train carrying North Korean leader Kim Jong Un rolled slowly over a bridge into the Chinese city of Dandong late Saturday, few locals took notice. "I didn't really know much about it," a 79-year-old retired farmer who gave only his surname, Shi, said Sunday, pausing during a walk ...

Iran president Hassan Rouhani faces calls to resign over economic crisis

World 02/24/19, 02:09

As Iran marked the 40th anniversary of its Islamic Revolution, a white-turbaned Shiite cleric at one commemoration targeted President Hassan Rouhani, a fellow clergyman, with this sign: “You who are the cause of inflation; we hope you won’t last until spring.” Already lashed by criticism over his collapsing nuclear deal and ...

Markets Right Now: S&P 500 heads for 4th weekly gain

Tech 02/22/19, 12:01

The latest on developments in financial markets (all times local):11:45 a.m.Technology and health care companies led stocks higher in midday trading, erasing some of the market's losses from a day earlier.The benchmark S&P 500 is on track Friday for its fourth-straight weekly gain.Wayfair vaulted 31.8 percent after reporting results that ...

Fed will be ‘patient’ in rate hikes amid global growth woes

Business 02/22/19, 11:12

The Federal Reserve said Friday that in light of a slowing global economy and last year's financial market turmoil, the central bank intends to remain "patient" in determining when to make future changes in its benchmark interest rate. The Fed's semi-annual report to Congress on monetary policy stood in contrast to ...

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