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Doubts grow over stock market's Trump-inspired surge

Stan Choe and Pan Pylas, Associated Press  |  Posted   Feb 24th - 8:06am

How much more can the "Trump Bump" lift the stock market?

Sales of new US homes rose 3.7 percent in January in sign of housing market health

The Associated Press  |  Posted   Feb 24th - 8:06am

Sales of new US homes rose 3.7 percent in January in sign of housing market health.

Markets Right Now: Stocks open lower on Wall Street

The Associated Press  |  Posted   Feb 24th - 7:45am

The latest on developments in financial markets (All times local):

Dakota Access oil pipeline could be operating within weeks

Blake Nicholson and James MacPherson, Associated Press  |  Posted   Feb 24th - 7:27am

Oil could be flowing through the $3.8 billion Dakota Access pipeline in less than two weeks, according to court documents filed by the developer just before police and soldiers started clearing a protest camp in North Dakota where pipeline opponents had gathered for the better part of a year.

Austrian court orders release of Ukrainian oligarch Firtash

The Associated Press  |  Posted   Feb 24th - 7:13am

An Austrian court has ordered that Ukrainian oligarch Dymitro Firtash be released from custody pending decisions on separate U.S. and Spanish extradition requests for him.

Egyptians bear down under worst inflation in a decade

Brian Rohan, Associated Press  |  Posted   Feb 24th - 7:00am

Egyptians are bearing down under their worst inflation in a decade, cutting spending as much as possible as prices surge on basic food items, transport, housing, and even some essential medicines.

The Latest: Tribes want judge to stop river pipeline work

The Associated Press  |  Posted   Feb 24th - 6:51am

The Latest on the Dakota Access oil pipeline. (all times local):

J.C. Penney to close 13 to 14 percent of stores

Anne D'Innocenzio, Associated Press  |  Posted   Feb 24th - 6:35am

J.C. Penney said Friday that it will be closing anywhere from 130 to 140 stores as well as two distribution centers over the next several months as it aims to improve profitability in the era of online shopping.

China, France overtake US as top German trade partners

The Associated Press  |  Posted   Feb 24th - 6:25am

New statistics show that China and France have overtaken the U.S. as Germany's largest trading partners.

The Latest: Airport in Malaysia attack safe, operator says

The Associated Press  |  Posted   Feb 24th - 6:00am

The Latest on Malaysia's investigation into the apparent assassination of the half brother of North Korean leader Kim Jong Un (all times local):

3 people critically injured in Oklahoma gas well explosion

The Associated Press  |  Posted   Feb 24th - 5:56am

Authorities say four people were injured when a private natural gas well exploded in eastern Oklahoma.

Democratic senators criticize Trump on Chinese trademarks

Erika Kinetz, Associated Press  |  Posted   Feb 24th - 5:50am

Accepting a valuable trademark from the Chinese government without asking Congress first is unconstitutional, a group of 13 prominent Democratic senators said in a letter to President Donald Trump Thursday, warning that they intend to hold him accountable to his oath to uphold the U.S. Constitution.

Global stocks fall amid Trump trade policy concerns

Yuri Kageyama, Associated Press  |  Posted   Feb 24th - 5:37am

Global stocks fell Friday amid worries about the potential impact of U.S. trade policies and as investors became more cautious about the market's recent rally.

J.C. Penney beats 4Q profit forecasts

The Associated Press  |  Posted   Feb 24th - 5:26am

J.C. Penney Co. on Friday reported fiscal fourth-quarter net income of $192 million, after reporting a loss in the same period a year earlier.

Nigerian president's long absence empowers energetic deputy

Michelle Faul, Associated Press  |  Posted   Feb 24th - 5:26am

The Nigerian president's month-long medical leave overseas has empowered his deputy to attack the country's problems with an energy that has surprised observers and led some to suggest he should stay in charge for good.

China names economic officials amid slowdown, Trump threats

Gerry Shih, Associated Press  |  Posted   Feb 24th - 4:45am

China's government has named a trade specialist as its new commerce minister and appointed a new head of its top economic planning body as part of a Cabinet reshuffle that comes amid a slowing economy and the threat of increased trade friction with President Donald Trump's administration.

Royal Bank of Scotland has lost money for 9 straight years

Danica Kirka, Associated Press  |  Posted   Feb 24th - 4:16am

Royal Bank of Scotland has lost money for nine consecutive years after it set aside another 4 billion pounds ($5 billion) in the fourth quarter of 2016 to cover the costs of misconduct during the financial crisis and targeted a return to profits in 2018.

Greece's Tsipras says the era of austerity is over

Elena Becatoros, Associated Press  |  Posted   Feb 24th - 4:15am

Greek Prime Minister Alexis Tsipras says the era of austerity is over for his country, painting a positive picture Friday of reforms the country has agreed to take after its latest bailout program ends in 2018.

Japan starts weekend early to improve work-life balance

The Associated Press  |  Posted   Feb 24th - 3:33am

It was not business as usual for some workers in Japan on Friday.