Economy

Economy

GOP dismisses suggestion that State of Union be postponed

WASHINGTON (AP) — A grand Washington ritual became a potential casualty of the partial government shutdown as House Speaker Nancy Pelosi asked President Donald Trump to postpone his Jan. 29 State of the Union speech. She cited concerns about whether the hobbled government can provide adequate security, but Republicans cast her move as a ploy to deny Trump the stage.

May holds Brexit talks; opposition dubs them a 'stunt'

LONDON (AP) — British Prime Minister Theresa May was consulting opposition parties and other lawmakers Thursday in a battle to get Brexit back on track after surviving a no-confidence vote, talks that were branded a "stunt" by the main opposition leader.

Entertainment listings, Jan. 17-24, 2019

EVENTS

This weekend

CHAMPAIGN COUNTY CELEBRATES LEGACY OF DR. MARTIN LUTHER KING, JR.

Goldman's profits beat estimates, despite trading worries

NEW YORK (AP) — Investment bank Goldman Sachs swung to a fourth-quarter profit, as the bank's advisory business helped offset a difficult quarter in trading, given the turbulent markets in late 2018.

Bank of America's profits jump on higher interest rates

NEW YORK (AP) — Bank of America's fourth-quarter profits rose by 39 percent on an adjusted basis, the bank said Wednesday, helped by last year's steady rise in interest rates as well as a lower tax rate.

Trump feels shutdown pressure from economists, Pelosi

WASHINGTON (AP) — Shutdown pressure on President Donald Trump mounted Wednesday as House Speaker Nancy Pelosi called on him to delay his State of the Union address and his own economists acknowledged the prolonged standoff was having a greater economic drag than previously thought.

Sears staves off liquidation; stores to remain open

NEW YORK (AP) — Sears will live on— at least for now.

British leader faces no-confidence vote after huge Brexit defeat

LONDON (AP) — British Prime Minister Theresa May faced a no-confidence vote Wednesday, a day after Parliament rejected her Brexit deal by a historic margin, unleashing a power struggle over control of Britain's planned exit from the European Union.

Federal workers take on odd jobs to make ends meet

PROVIDENCE, R.I. (AP) — When her paychecks dried up because of the partial government shutdown, Cheryl Inzunza Blum sought out a side job that has become a popular option in the current economy: She rented out a room on Airbnb.

Hampered by scandals, Wells Fargo sees profits stagnate

NEW YORK (AP) — Wells Fargo, the consumer banking giant, said its fourth-quarter profits fell slightly on Tuesday as the bank remains restrained by federal regulators, who put a tight leash on it after years of scandals and missteps.

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