Money & Markets

Trump blames Iran for tanker attacks but calls for talks

WASHINGTON — President Donald Trump on Friday blamed Iran for attacks on oil tankers near the strategic Strait of Hormuz, but he also held out hope that implicit U.S. threats to use force will yield talks with the Islamic Republic as the Pentagon considers beefing up defenses in the Persian ...

Pelosi: No debt increase until spending limits are raised

WASHINGTON — Speaker Nancy Pelosi said Thursday that the Democratic-controlled House won’t pass must-do legislation to increase the government’s borrowing cap until the Trump administration agrees to boost spending limits on domestic programs. The California Democrat said she’ll agree ...

Experts: Spy used AI-generated face to connect with targets

LONDON — Katie Jones sure seemed plugged into the Washington’s political scene. The 30-something redhead boasted a job at a top think tank and a who’s-who network of pundits and experts, from the centrist Brookings Institution to the right-wing Heritage Foundation. She was connected to a ...

AP analysis: Medical pot takes hit when weed legal for all

PORTLAND, Ore. — When states legalize pot for all adults, long-standing medical marijuana programs take a big hit, in some cases losing more than half their registered patients in just a few years, according to a data analysis by The Associated Press. Much of the decline comes from consumers ...

G-20 finance officials pledge to protect global growth

FUKUOKA, Japan — Finance ministers and central bank chiefs from the Group of 20 major economies wrapped up a meeting in Japan on Sunday with a pledge to use all the policies they can to protect global growth from disruptions due to trade and other tensions. The G-20 finance leaders said in ...

China may restrict tech access in spiraling US trade dispute

BEIJING — China is creating a system to protect its technology, according to state media, as the U.S. restricts the access of Chinese companies to American technology in a spiraling trade dispute. The People’s Daily newspaper said Sunday that the system will build a strong firewall to ...

Barnes & Noble, with sales falling, is sold to hedge fund

Barnes & Noble is being acquired by a hedge fund for $476 million and will be taken private. The national chain that many blamed for the demise of independent bookstores has been ravaged by Amazon.com and other online sellers, but remains a critical outlet for publishers. On Friday, it ...

US and Mexico: More talks, no deal yet to avert tariffs

WASHINGTON — Ending a second day of tense negotiations, U.S. and Mexican officials failed Thursday to reach a deal to avert import tariffs that President Donald Trump is threatening to impose as he tries to strong-arm Mexico into stemming the flow of Central American migrants across ...

Bernie Sanders urges Walmart board to pay workers more

NEW YORK — Bernie Sanders took his latest fight against corporate America to Walmart’s home turf. The Vermont senator and 2020 Democratic presidential contender lambasted Walmart leaders including its CEO on Wednesday for paying workers what he believes are “starvation wages” and ...

US, Mexico officials to begin talks over tariffs, border

WASHINGTON — Mexico launched a counteroffensive Monday against the threat of U.S. tariffs, warning not only that it would hurt the economies of both countries but also could cause a quarter-million more Central Americans to migrate north. A high-level delegation from the Mexican government ...

White House: Trump ‘deadly serious’ about Mexico tariffs

WASHINGTON — A top White House official said Sunday that President Donald Trump is “deadly serious” about imposing tariffs on imports from Mexico, but acknowledged there are no concrete benchmarks being set to assess whether the U.S. ally is stemming the migrant flow enough to satisfy the ...

US companies are in line of fire of tariffs aimed at Mexico

WASHINGTON— President Donald Trump’s surprise threat to impose escalating tariffs on Mexican imports jolted industry leaders throughout the U.S. economy Friday, sparked opposition even from usual Trump allies and set the stage for American consumers to face higher prices. It also sent ...

Trump announces new Mexican tariffs in response to migrants

WASHINGTON — In a surprise announcement that could compromise a major trade deal, President Donald Trump announced Thursday that he is slapping a 5% tariff on all Mexican imports, effective June 10, to pressure the country to do more to crack down on the surge of Central American migrants ...

Illinois advances legalized pot after home growing settled

SPRINGFIELD, Ill. — Illinois lawmakers working to legalize recreational marijuana hit a snag that other states have wrestled with: whether to allow people to grow a few pot plants for personal use. The 10 states that have legalized recreational marijuana have different “home grow” ...

Sports Illustrated magazine sold for $110 million

NEW YORK — Sports Illustrated magazine has been sold for $110 million to a company that specializes in managing fashion, entertainment and sports brands, including marketing rights to Shaquille O’Neal and Muhammad Ali. The seller, Meredith Corp., will continue running the print edition ...

New auto giant? Fiat Chrysler wants to merge with Renault

PARIS — Fiat Chrysler proposed on Monday to merge with France’s Renault to create the world’s third-biggest automaker, worth $40 billion, and combine forces in the race to make electric and autonomous vehicles. The merged company would reshape the global industry: it would produce some ...

CEOs get $800,000 pay raise, leaving workers further behind

NEW YORK — Did you get a 7% raise last year? Congratulations, yours was in line with what CEOs at the biggest companies got. But for chief executives, that 7% was roughly $800,000. Pay for CEOs at S&P 500 companies rose to a median of $12 million last year, including salary, stock and ...

FAA chief upbeat about Boeing 737 Max’s return

FORT WORTH, Texas — After an all-day meeting with global aviation regulators, the chief of the Federal Aviation Administration sounded more upbeat than ever about prospects for clearing the troubled Boeing 737 Max to fly again. Aviation officials from more 30 countries met with the FAA to ...

US says Trump coal moves hasten but don’t increase emissions

BILLINGS, Mont. — The Trump administration’s decision to lift a moratorium on coal sales from public lands could hasten the release of more than 5 billion tons of greenhouse gases, but officials concluded Wednesday it would make little difference in overall U.S. climate emissions. That ...

Congressional leaders make progress on debt, spending talks

WASHINGTON — Top leaders of both parties in Congress made progress Tuesday on two must-do items on the legislative agenda: averting automatic budget cuts and meeting a deadline later this year to increase the government’s borrowing limit. But after a flurry of optimism at midday, a deal ...