Money & Markets

US and China extend trade talks; Xi-Trump meeting may follow

WASHINGTON — U.S. and Chinese negotiators agreed Friday to extend high-level trade talks through the weekend, and President Donald Trump said he hoped to meet next month at his Florida resort with President Xi Jinping to try to finalize an agreement. The news followed two days of ...

Trump-Kim summit host Vietnam is model for economic growth

BANGKOK — Vietnam, the location of President Donald Trump’s next meeting with North Korean leader Kim Jong Un, has come a long way since America abandoned its war against communist North Vietnam in the 1970s. North and South united into a youthful nation that now has 95 million people, ...

As US pushes to ban Huawei, UK considers softer approach

LONDON — Britain can handle the security risks involved with using mobile networks made by China’s Huawei, the cybersecurity chief said Wednesday, adding to a growing debate among countries on whether the company should be banned, as the U.S. wants. Ciaran Martin, the CEO of the U.K. ...

FAA probes Southwest calculations of baggage weight on jets

Federal officials have told Southwest Airlines to fix the way it calculates the weight of luggage loaded on flights after finding frequent mistakes during a yearlong investigation. Southwest said Tuesday that it has made improvements in its methods for calculating the weight and balance of ...

China accuses US of trying to block its tech development

BEIJING — China’s government on Monday accused the United States of trying to block the country’s industrial development by alleging that Chinese mobile network gear poses a cybersecurity threat to countries rolling out new internet systems. And in a potential blow to the U.S.’s ...

Amazon’s stormy week will blow over, but the debris may stay

SAN FRANCISCO — It’s been a complicated few weeks for Amazon, what with its abrupt pullout from a massive New York City development, extortion claims related to intimate photos taken by its founder Jeff Bezos and increasing antitrust scrutiny in Europe . For now, these events seem ...

Amazon dumps NYC headquarters and its promised 25,000 jobs

NEW YORK — Amazon abruptly dropped plans Thursday for a big new headquarters in New York that would have brought 25,000 jobs to the city, reversing course after politicians and activists objected to the nearly $3 billion in incentives promised to what is already one of the world’s richest, ...

Highlights of the $330 billion-plus bill to avoid shutdown

WASHINGTON — It’s not just about President Donald Trump’s border wall. The border security issues that sparked a 35-day government shutdown are but one element of a massive $330 billion-plus spending measure that wraps seven bills into one, funding nine Cabinet agencies, including the ...

Judge finds Manafort lied to investigators in Russia probe

WASHINGTON — Former Trump campaign chairman Paul Manafort intentionally lied to investigators and a federal grand jury in the special counsel’s Russia probe, a judge ruled Wednesday. U.S. District Judge Amy Berman Jackson’s decision was another loss for Manafort, a once-wealthy ...

NY Fed: Auto loan delinquencies at highest point since 2010

DETROIT — Borrowers are behind in their auto loan payments in numbers not seen since delinquencies peaked at the end of 2010, according to the Federal Reserve Bank of New York. More than 7 million Americans were 90 or more days behind on their car loans at the end of last year, 1 million ...

Denver teachers go on strike in latest US educator walkout

DENVER — Striking teachers picketed outside of schools and marched through Denver’s streets Monday as car horns blared in support of the latest U.S. walkout amid a swell of educator activism in at least a half-dozen states over the last year. Just over half of the 4,725 teachers called in ...

For Amazon, it’s business as usual despite CEO drama

NEW YORK — First it was a heart-wrenching tweet that he and his wife were getting a divorce after 25 years. Then a tabloid revealed that he’d been having an affair, releasing texts and photos of him and his mistress. As if either of those weren’t distracting enough, now Jeff Bezos — ...

Bezos says Enquirer threatened to publish revealing pics

LOS ANGELES — Amazon CEO Jeff Bezos said Thursday he was the target of “extortion and blackmail” by the publisher of the National Enquirer, which he said threatened to publish revealing personal photos of him unless he stopped investigating how the tabloid obtained his private exchanges ...

Spotify takes a big jump into the podcasting game

NEW YORK — Spotify is making a bigger bet on podcasts as it looks to bring a Netflix-like model of original programs to the audio world. The music-streaming pioneer gobbled up two podcasting companies, Gimlet and Anchor, on Wednesday. Although streaming is becoming an increasingly popular ...

Trump introduces World Bank critic David Malpass to lead it

WASHINGTON — President Donald Trump on Wednesday introduced David Malpass, a Treasury official he has nominated to lead the World Bank, as the “right person to take on this incredibly important job.” Malpass, who is now Trump’s undersecretary for international affairs at the Treasury ...

A hill of beans: Soybeans upstage trade talks

WASHINGTON — Soybeans account for less than 1 percent of all the goods and services the United States sells the rest of the world. But somehow the humble legumes are upstaging weightier, thornier issues as the Trump administration tackles trade disputes with China, the European Union and ...

FX chief, Landgraf, says Netflix exaggerates viewership numbers

PASADENA, Calif. — Someone is standing up to television’s Goliath, with a prominent competitor saying Monday that Netflix is deceiving the public about what is a hit and what isn’t. John Landgraf, the FX Networks chief executive who has frequently pointed out the glut of scripted TV, ...

Google parent beats Q4 estimates, stock still drops

SAN FRANCISCO — Google parent company Alphabet beat Wall Street expectations for its fourth quarter earnings Monday, although its stock slid in after-hours trading over investor concerns about increased spending. Alphabet swung to a profit of $8.9 billion, up from a $3 billion loss in the ...

Nissan’s second thoughts on UK-made SUV add to Brexit worry

LONDON — British Prime Minister Theresa May’s Brexit strategy took another blow Sunday when Nissan canceled plans to make its new SUV in northern England amid continued uncertainty over the country’s future relations with the European Union. Nissan said it decided not to build the ...

US says 2 states must finish Colorado River drought plan

FLAGSTAFF, Ariz. — Two states in the U.S. West have work to do on a plan to combat the shrinking supply of Colorado River water that 40 million people depend on but that’s threatened by a prolonged drought, a federal official said Friday. Complex agreements among water users in California ...