• In this Wednesday, Oct. 22, 2014, file photo, Federal Reserve Vice Chairman Stanley Fischer listens during a meeting of the Board of Governors of the Federal Reserve System at the Federal Reserve in Washington. Fischer said Friday, Aug. 28, 2015, that incoming economic data and market developments will likely determine whether the Fed boosts interest rates in September. (AP Photo/Susan Walsh, File)

    Fed Vice Chair Fischer keeps open possibility of Sept. hike

    WASHINGTON (AP) — Federal Reserve Vice Chairman Stanley Fischer left the door open Saturday for a Fed rate increase in September, saying the factors that have kept inflation below the central bank’s target level have likely begun to fade.

  • Andrew Silverman, left, and a fellow trader work on the floor of the New York Stock Exchange, Thursday, Aug. 27, 2015. U.S. stocks closed sharply higher after China's main stock index logged its biggest gain in eight weeks.  The Dow Jones industrial average climbed 369.26 points, or 2. 3 percent, to 16,654.77. (AP Photo/Richard Drew)

    US stocks rise after Chinese market surges

    HONG KONG (AP) — Asian stocks rose Friday as upbeat U.S. economic data lifted investors’ spirits following days of stomach-churning turbulence sparked by a heavy sell-off in China.

  • In this Wednesday, Aug. 19, 2015 photo Erin Stennis poses for a photo in Los Angeles. Stennis helped a lawmaker pass legislation allowing California taxpayers to donate to colon cancer prevention after her husband died of the disease in 2003. Stennis says it's a missed opportunity that the state hasn't spent any of the  donations on cancer awareness a decade after the legislation passed. (AP Photo/Nick Ut)

    AP EXCLUSIVE: California tax donations lost in bureaucracy

    SACRAMENTO, Calif. (AP) — Nearly $10 million in charitable donations by California taxpayers sat unspent in government accounts at the end of last year, The Associated Press has found, and the Senate Governance and Finance Committee chairman said Thursday that he wants a review of state accounts and will hold a hearing to find out why the money hasn’t been spent.

  • In this Aug. 22, 2015 file photo, Chinese President Xi Jinping attends the opening ceremony of the World Athletics Championships at the Bird's Nest stadium in Beijing.  Despite growing anger among retail investors and a strong sense of economic decline, a major shakeup is unlikely, given the rigidity of the political system, the leadership’s need to exude calm and the idea that changes could be perceived as signs of weakness or error.  Having accumulated more power than any Chinese leader in 20 years, President Xi is expected to stay the course in hopes that the market will correct itself and the economy returns to an even keel.  (AP Photo/Lee Jin-man, File)

    China’s Xi staying the course despite sliding economy

    BEIJING (AP) — What does China’s leadership lose politically as a result of the country’s precipitous stock market decline? A bit of international swagger, but probably not much else — for now.

  • A bank clerk counts renminbi banknotes in a bank branch in Huaibei in central China's Anhui province Wednesday Aug. 26, 2015.   Asian stocks rose Wednesday after a rocky start following Beijing's decision to cut a key interest rate to help stabilize gyrating financial markets and free up more funding to counter short liquidity. (Chinatopix Via AP) CHINA OUT

    Asian stocks post modest gains after China rate cut

    NEW YORK (AP) — U.S. stocks are opening sharply higher Wednesday after slumping for six straight days amid concern that growth in China was slowing more quickly than previously thought.

  • A Chinese investor monitors stock prices at a brokerage house in Beijing, Tuesday, Aug. 25, 2015.  China's main stock market index has fallen for a fourth day, plunging 7.6 percent to an eight-month low.  (AP Photo/Mark Schiefelbein)

    Beijing appears to wind down share-buying _ now what?

    BEIJING (AP) — China’s leaders are winding down a strategy of trying to push up slumping stock prices by spending billions of dollars to buy shares.

  • People watch Indian stock market indices on a display screen on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India, Tuesday, Aug. 25, 2015. Chinese stocks fell Tuesday for a fourth day, hitting an eight-month low amid signs Beijing was no longer buying shares to stem a price slide, and Japanese stocks also dropped. But other Asian and European markets bounced back from a day of heavy losses. (AP Photo/Rafiq Maqbool)

    The Latest: US stocks jump after Chinese rate cut

    NEW YORK (AP) — The latest on the global financial market turmoil (all times local):

  • President Barack Obama, right, rides a bike with his daughter Malia, left, in West Tisbury, Mass., on Martha's Vineyard, Saturday, Aug. 22, 2015. Obama and his family vacation every August on Martha's Vineyard. (AP Photo/Susan Walsh)

    Obama sheds summer curse, just in time for daunting fall

    EDGARTOWN, Mass. (AP) — President Barack Obama may have finally shed his summer curse — just in time for a daunting fall.

  • Republican presidential candidate, Wisconsin Gov. Scott Walker, center, visits with two men after he presented his health care plan, during a visit to Cass Screw Machine Products, Tuesday, Aug. 18, 2015, in Brooklyn Center, Minn. (AP Photo/Jim Mone)

    Walker’s health plan hinges on a tricky subsidy rollback

    MADISON, Wis. (AP) — Republican Scott Walker’s plan for repealing and replacing President Barack Obama’s health care law hinges on what many see as a nearly insurmountable obstacle — getting 60 votes in the Senate.