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Money & Markets

California sails toward biggest salmon harvest in years

SAN FRANCISCO — Trolling off the California coast, Sarah Bates leans over the side of her boat and pulls out a long, silvery fish prized by anglers and seafood lovers: wild king salmon. Reeling in a fish “feels good every time,” but this year has been surprisingly good, said Bates, a ...

Economic twilight zone: Bonds that charge you for lending

FRANKFURT, Germany — Imagine lending money to someone and having to pay for the privilege of doing so. Or being asked to invest and informed of how much money you’ll lose. Sounds absurd, but increasingly that’s the global bond market these days. A rising share of government and ...

Trump acknowledges China policies may mean US economic pain

WASHINGTON — President Donald Trump acknowledged Tuesday his aggressive China trade policies may mean economic pain for Americans but insisted they’re needed for more important long-term benefits. He contended he does not fear a recession but is nonetheless considering new tax cuts to ...

Brand-name drug prices rising at slower pace

TRENTON, N.J. — Drug companies are still raising prices for brand-name prescription medicines, just not as often or by as much as they used to, according to an Associated Press analysis. After years of frequent list price hikes, many drugmakers are showing some restraint, according to the ...

Trump dismisses worries of recession

BERKELEY HEIGHTS, N.J. — President Donald Trump dismissed concerns of recession on Sunday and offered an optimistic outlook for the economy after last week’s steep drop in the financial markets. “I don’t think we’re having a recession,” Trump told reporters as he returned to ...

Recession signs worry Trump ahead of 2020

WASHINGTON — President Donald Trump is warning of an economic crash if he loses reelection, arguing that even voters who personally dislike him should base their ballots on the nation’s strong growth and low unemployment rate. But privately, Trump is growing increasingly worried the ...

Weak global growth likely to mean US slowdown, not recession

WASHINGTON — How fragile is the global economy? The U.S.-China trade war is weakening businesses in both countries, Germany’s economy shrank in the second quarter, and Britain appears headed for a disruptive exit from the European Union this fall. Those trends have hammered American ...

Gov. Reynolds stops state from challenging Trump coal rule

DES MOINES, Iowa — Iowa Attorney General Tom Miller, a supporter of clean energy policies reducing greenhouse gases as a way to battle global climate change, said Wednesday he was blocked by Republican Gov. Kim Reynolds from joining 21 other states in suing the Trump administration over a ...

CBS, Viacom to reunite as media giants bulk up for streaming

NEW YORK — The newly combined ViacomCBS will invest in more movies and TV shows and try to sell more advertising as it seeks to become a bigger player in the growing business of streaming video. Yet the bigger company still might not be big enough to be competitive, as larger rival Disney ...

US government weakens application of Endangered Species Act

WASHINGTON — The Trump administration moved on Monday to weaken how it applies the 45-year-old Endangered Species Act, ordering changes that critics said will speed the loss of animals and plants at a time of record global extinctions . The action, which expands the administration’s ...

Fiat Chrysler deal gives Detroit residents 1st crack at jobs

DETROIT — Marie Davis wants better medical insurance coverage. Jimmie Pleasant has been out of work for six months. Both are among the thousands of people who are looking for jobs with Fiat Chrysler under a city program that gives Detroit’s residents first crack at the application ...

Mass shootings give rise to bullet-resistant backpacks

NEW YORK — Companies like Guard Dog Security, TuffyPacks and Bullet Blocker are peddling bullet-resistant backpacks for children in time for the back-to-school shopping season. But critics argue they are using tragedy as a marketing opportunity and exploiting parents’ worst fears. Safety ...

GOP freezes Twitter spending after McConnell account locked

LOUISVILLE, Ky. — The Republican Party, the Trump campaign and other GOP organizations said Thursday that they are freezing their spending on Twitter to protest the platform’s treatment of Senate Majority Leader Mitch McConnell. Twitter temporarily locked McConnell’s campaign account ...

FedEx to end ground delivery business with Amazon

NEW YORK — FedEx says it will no longer make ground deliveries for Amazon as the online shopping giant builds its own fleet and becomes more of a threat to delivery companies. The announcement Wednesday comes two months after FedEx terminated its air delivery contract with Amazon. FedEx ...

Official: Nuke program serves as ‘ultimate insurance policy’

ALBUQUERQUE, N.M. — The head of the U.S. agency that maintains the nation’s nuclear weapons arsenal said Tuesday the country is facing the most complex and demanding global security environment since the Cold War. National Nuclear Security Administration chief Lisa Gordon-Hagerty outlined ...

GateHouse, Gannett to merge for $1.4B, build newspaper giant

NEW YORK — Two of the largest U.S. newspaper companies have agreed to combine for roughly $1.4 billion, creating a new industry giant that hopes to manage the crisis of print’s decline through sheer size. GateHouse Media, a fast-growing chain backed by an investment firm, is buying USA ...

French hoverboard inventor flies over the English Channel

ST. MARGARET’S BAY, England — Is it a bird? A plane? No, it’s a French inventor flying over the English Channel on his hoverboard. Looking like a superhero, Franky Zapata successfully completed the famed 35-kilometer (22-mile) journey in just 22 minutes Sunday morning, reaching speeds ...

How Trump’s latest China tariffs could squeeze US consumers

WASHINGTON — The latest tariffs President Donald Trump plans to impose on Chinese goods would cost U.S. households an average of $200 a year, some economists estimate, and would start to bite consumers and retailers just as the holiday shopping season begins. That cost would come on top of ...

One hack, 106 million people: Capital One ensnared by breach

cessed the personal information of 106 million Capital One credit card holders or credit card applicants in the U.S. and Canada, in the latest massive data breach at a large company. Capital One Financial Corp., one of the nation’s largest issuers of credit cards, said among the information ...

Pfizer, Mylan strengthen ties, create new company

Pfizer, the country’s largest drugmaker, is creating a hybrid new drug company by combining its off-patent branded drug business with the generic pharmaceutical company Mylan. Pfizer’s Upjohn, which sells one-time blockbusters like Viagra and Lipitor that have lost patent protection, will ...