Money & Markets

In this Aug. 17, 2017, photo, Hawaii state Rep. Chris Lee poses in front of the capitol. Hawaii is considering doling out universal basic income, where everyone gets a chunk of money with no strings attached, and Lee is a supporter. The idea has attracted supporters across the U.S. and elsewhere as technology leaders, elected officials and economists debate what our lives will look like when robots and machines take over more and more jobs that human beings have held for decades. (AP Photo/Cathy Bussewitz)

As robots edge into workplace, free money idea takes hold

HONOLULU — Driverless trucks. Factory robots. Delivery drones. Virtual personal assistants. As technological innovations increasingly edge into the workplace, many people fear that robots and machines are destined to take jobs that human beings have held for decades. For many affected ...

FILE - In this Friday, Aug. 25, 2017, file photo, Treasury Secretary Steven Mnuchin speaks during a news briefing at the White House in Washington. Mnuchin is calling on Congress to combine a $7.9 billion disaster relief package for Hurricane Harvey with a contentious increase in the nation's debt limit. He says it’s time to "put politics aside" so storm victims can get the help they need.” Trump plans to meet with congressional leaders from both parties this week. (AP Photo/Carolyn Kaster, File)

Mnuchin: Congress must tie Harvey aid to raising debt limit

WASHINGTON — Treasury Secretary Steven Mnuchin on Sunday called on Congress to combine a $7.9 billion disaster relief package for Harvey with an increase in the nation's borrowing limit, saying it was time to "put politics aside" so storm victims in Texas can get the help they need. "The ...

Chinese People's Liberation Army honor guard prepare for the arrival of Brazilian President Michel Temer at Xiamen Gaoqi International Airport to attend the upcoming BRICS Summit in Xiamen, China's Fujian province, Sunday, Sept. 3, 2017.   (Wu Hong/Pool Photo via AP)

BRICS countries summit to meet

XIAMEN, China — A summit of five major developing countries will open Monday to map out their future course, after host Chinese President Xi Jinping called on them to stand up together against a growing tide of protectionism across the world. Leaders of the BRICS nations — Brazil, Russia, ...

President Donald Trump waves as he walks from Marine One to Air Force One at Andrews Air Force Base, Md., Tuesday, Aug. 22, 2017, before his departure to Arizona and Nevada. (AP Photo/Alex Brandon)

Trump administration slashes funds for health care sign-ups

By RICARDO ALONSO-ZALDIVAR the Associated Press WASHINGTON — Affirming its disdain for "Obamacare," the Trump administration on Thursday announced sharp cuts in programs promoting health care enrollment under the Affordable Care Act for next year. Advertising will be cut from $100 ...

ADDS NAME OF REFINERY - This aerial photo shows the Flint Hills Resources oil refinery near downtown Houston on Tuesday, Aug. 29, 2017. (AP Photo/D1avid J. Phillip)

Harvey knocks out more refineries

DALLAS— Hurricane Harvey is sending pump prices higher for U.S. motorists and causing temporary shifts in the flow of oil and gasoline around the world after taking down a huge chunk of U.S. refining capacity. It will be days or even weeks before the energy sector in the southeast Texas ...

A driver works his way through a maze of fallen utility poles damaged in the wake of Hurricane Harvey, Saturday, Aug. 26, 2017, in Taft, Texas. (AP Photo/Eric Gay)

Harvey slams region’s economy, with damages in the billions

By DAVID KOENIG THE ASSOCIATED PRESS DALLAS — Flood damage from Harvey is likely to reach into the tens of billions and the storm is expected to cause the region's economy to shrink, at least in the near term. Harvey is soaking refineries along the Gulf Coast, leading to higher prices ...

Amazon to cut prices on Whole Foods staples

NEW YORK) — Amazon plans to use its deep pockets to make big changes at Whole Foods, saying it will cut prices on bananas, eggs, salmon, beef and more when it completes its $13.7 billion takeover next week. Helping Whole Foods win back customers who found "good enough" organic and natural ...

Judge allows money laundering charges against Backpage executives

SACRAMENTO, Calif. — California prosecutors can bring money laundering charges against the creators of a website that prosecutors label an online brothel, a judge ruled Wednesday. But he dismissed other charges months after another judge threw out the entire case as violating free speech and ...

This photo combo of images shows, clockwise, from upper left: a Google sign at a store in Hialeah, Fla., the Twitter app displayed on a smartphone, PayPal headquarters in San Jose, Calif., and the Facebook app displayed on an iPad. It took a violent rally to get tech companies, such as these and others, to do what civil rights groups have been calling for for years: take a firmer stand against accounts used to promote hate and violence. (AP Photo)

Tech companies continue efforts to banish extremist accounts

­NEW YORK — Tech companies' efforts to banish extremist groups and individuals are continuing as a social network popular with extremists disappeared from Google's Android app store. Gab had already been unavailable in Apple's store, though it remains accessible on the web. The ...

FILE- In this July 1, 2017, file photo, people line up at the NuLeaf marijuana dispensary in Las Vegas. A judge cleared the way Thursday, July 17, for Nevada to allow more businesses to move marijuana from growers to stores in an effort to keep up with overwhelming demand since recreational pot sales began last month. (AP Photo/John Locher, File)

Nevada judge clears way for expanded recreational marijuana distribution

CARSON CITY, Nev. — A judge cleared the way Thursday for Nevada to allow more businesses to move marijuana from growers to stores in an effort to keep up with overwhelming demand since recreational pot sales began last month. Carson City District Judge James Russell lifted an order blocking ...

Wisconsin Assembly passes $3 billion for Foxconn

MADISON, Wis.— The Wisconsin Assembly approved a $3 billion tax break Thursday with bipartisan support for Taiwan-based Foxconn Technology Group to build a massive display panel factory in the state, a project President Donald Trump touted as a transformational win for the U.S. ...

In this Monday, May 29, 2017 photo, Asahi Breweries employee Kiyoshi Sakai speaks during an interview at a factory in Moriya near Tokyo. Sakai, who has worked at Asahi for 29 years, recalls those days the caps for beer cans had to be placed into machines by hand, a repetitive task that was hard not just on the body but the mind. And so he is grateful for the helping hand from automation. (AP Photo/Koji Sasahara)

Japanese workers treasure automation

MORIYA, Japan — Thousands upon thousands of cans are filled with beer, capped and washed, wrapped into six-packs, and boxed at dizzying speeds — 1,500 a minute, to be exact — on humming conveyor belts that zip and wind in a sprawling factory near Tokyo. Nary a soul is in sight in this ...

Report: Higher premiums if Trump halts ‘Obamacare’ subsidies

WASHINGTON — Premiums for a popular type of individual health plan would rise sharply, and more people would be left with no insurance options if President Donald Trump makes good on his threat to stop "Obamacare" payments to insurers, the Congressional Budget Office said Tuesday. The ...

FILE - In this April 27, 2017, file photo, a performance of the "New York Harbor of Lights" is featured at the grand opening of the new Kosciuszko Bridge span connecting Brooklyn and Queens, in New York. Gov. Andrew Cuomo liked the idea of stringing New York City's bridges with high-tech lights that change color and pulsate to the beats of Broadway showtunes. But the plan, meant to delight tourists and residents alike, is sputtering amid criticism that the money for the lights should have gone to the city's beleagured subway system. (AP Photo/Kathy Willens, File)

Critics throw shade at Cuomo’s plan to light NYC bridges

the Associated Press ALBANY, N.Y. — Critics are throwing shade at Gov. Andrew Cuomo's pricey plan to install high-tech, color-changing lights on New York City's bridges, questioning whether the investment is the best use of public money. Republican lawmakers and Mayor Bill de Blasio say ...

Maui medical marijuana dispensary to close temporarily due to high demand

WAILUKU, Hawaii — Less than a week after it opened, Maui's first state-licensed medical marijuana dispensary is reworking its opening hours as demand for its product outstrips supply because of a backlog. Maui Grown Therapies says it had expected its most recent batch of flowers to clear ...

This Tuesday, May 2, 2017, photo shows Macy's corporate signage at its flagship store in New York. Macy's Inc. reports earnings, Thursday, Aug. 10, 2017. (AP Photo/Bebeto Matthews)

Most department stores see sales metric drop

NEW YORK— It's still a pretty rough time to be a department store. Macy's, Kohl's and Dillard's all said Thursday that a key sales figure fell again in the latest quarter as customers increasingly shop online, at discount stores and elsewhere. Nordstrom, the outlier, saw those sales rise ...

Facebook envisions Watch feature as TV for social media

THE ASSOCIATED PRESS NEW YORK— Facebook envisions its new Watch feature as TV designed for social media, a place where users comment, like and interact with show creators, stars and each other — and never leave. It's a potential threat to Twitter, YouTube, Netflix and other services for ...

US oil industry pushes back on sanctions against Venezuela

By JOSHUA GOODMAN and ALEXANDRA OLSON THE Associated Press CARACAS, Venezuela— The Trump administration's decision on Wednesday to slap sanctions on eight members of Venezuela's all-powerful constitutional assembly brings to 30 the number of government loyalists targeted for human rights ...

FILE -- In this Monday, July 17, 2017 file photo, Assembly Republican Leader Chad Mayes, R-Yucca Valley, center, discusses the cap-and-trade bill at the Capitol in Sacramento, Calif. Mayes who joined with six of his GOP colleagues in voting for the recent cap-and-trade bill, received $15,300 from the oil industry during the first half of 2017.(AP Photo/Rich Pedroncelli, file)

Climate deal swing votes among the top oil money recipients

SACRAMENTO, Calif. — California Assembly members considered swing votes on legislation to reduce carbon emissions by charging polluters were among the top recipients of donations from oil companies, an analysis of campaign finance filings shows. Records show oil companies in the Western ...

This photo provided by Principal shows Robert Baur, chief global economist for Principal Global Investors. Baur analyzes worldwide trends that help explain why the U.S. stock market has done so well in the past year and what might happen in the near future. (Jose Calderon/Principal via AP)

Insider Q&A: Assessing the stock market boom

WASHINGTON — Why has the U.S. stock market done so well in the past year? What might happen in the near future? Robert Baur, chief global economist for Principal Global Investors, analyzes worldwide trends that help answer such questions. He joined The Principal in 1995 and was global head ...