Money & Markets

Trump to sign Mexico deal in 90 days; Canada talks to resume

WASHINGTON — Talks to keep Canada in a North American trade bloc broke up Friday and will resume next week with the two longtime allies divided over such issues as Canada's dairy market and U.S. efforts to shield drug companies from generic competition. President Donald Trump notified ...

Trump cancels pay raise due to federal workers

WASHINGTON — President Donald Trump is canceling pay raises due in January for most civilian federal employees, he informed Congress on Thursday, citing budget constraints. But the workers still could see a slightly smaller boost in their pay under a proposal lawmakers are ...

Tariffs on imported newsprint nixed in win for US newspapers

the Associated Press WASHINGTON — In a victory for the American newspaper industry, the U.S. International Trade Commission on Wednesday blocked tariffs imposed by the Trump administration on imported newsprint, finding that American producers weren't harmed by imports from Canadian paper ...

Canada stunned and worried about Trump trade threats

the Associated Press TORONTO — It started with President Donald Trump's attacks on Canadian dairy farmers. Then Washington slapped tariffs on Canadian steel, citing national security. There was that disastrous G-7 summit in Quebec. Now it's a new North American free trade agreement that ...

Why Canada’s exclusion from US-Mexico deal raises obstacle

WASHINGTON — President Donald Trump's drive to revamp the North American Free Trade Agreement has taken an unexpected turn — one that complicates his effort to replace that deal with one more favorable to American workers. Canada, America's longtime ally and No. 2 trading partner, was ...

Preliminary US-Mexico trade deal leaves trail of uncertainty

the Associated Press WASHINGTON — President Donald Trump's declaration of victory Monday in reaching a preliminary deal with Mexico to replace the North American Free Trade Agreement raised at least as many questions as it answered. Can Canada, the third member country in NAFTA and ...

Foxconn casting wide net in search for employees

MILWAUKEE — Foxconn Technology Group will cast a wide net to find the 13,000 workers it eventually expects to hire at its new North American manufacturing plant, partnering with universities and technical schools and even tapping into transitioning members of the military. Foxconn's next ...

Prosecutors grant immunity to longtime Trump finance chief

NEW YORK — He's one of the longest-serving employees in Donald Trump's family real estate business. Through triumphs, scandals and bankruptcies, he was there. Allen Weisselberg was handling the books when Fred Trump ran the company in the early 1970s. He was handling them when his son ...

Govt acts to stop high-tax states from skirting $10K cap

the Associated Press WASHINGTON — The Trump administration has laid down rules aimed at preventing residents in high-tax states from avoiding a new cap on widely popular state and local tax deductions. The action under the new Republican tax law pits the government against high-tax, heavily ...

Attempt to break into Democratic Party voter data thwarted

the Associated Press CHICAGO — An attempt to break into the Democratic National Committee's massive voter database has been thwarted, a party official said Wednesday, two years after Russian operatives sent the party into disarray by hacking into its computers and facilitating the release ...

Plan for coal power deregulation could cause more deaths

the Associated Press WASHINGTON — The Trump administration on Tuesday moved to prop up the declining coal industry with an overhaul of Obama-era pollution rules, acknowledging that the increased emissions from aging coal-fired plants could kill hundreds more people annually and cost the ...

Trump ready to ease rules on coal-fired power plants

WASHINGTON — The Trump administration is set to roll back the centerpiece of President Barack Obama's efforts to slow global warming, the Clean Power Plan that restricts greenhouse gas emissions from coal-fired power plants. A plan to be announced Tuesday would give states broad authority ...

US says conserving oil is no longer imperative

the Associated Press WASHINGTON — Conserving oil is no longer an economic imperative for the U.S., the Trump administration declares in a major new policy statement that threatens to undermine decades of government campaigns for gas-thrifty cars and other conservation programs. The ...

As Musk admits to job stress, Tesla’s board may have to act

Elon Musk's erratic behavior was front and center again this week as the CEO of Tesla conceded that he's overwhelmed by job stress, pushing his electric car company's stock down and bringing pressure on its board to take action. Musk's revelation, in a Thursday interview with The New York ...

Where White House touts a boom, most economists see a blip

WASHINGTON — Is the latest pickup in U.S. economic growth destined to slow in the years ahead as most analysts say? Or, as the Trump administration insists, is the economy on the cusp of an explosive boom that will reward Americans and defy those expectations? On Thursday, President ...

After Alex Jones timeout, Twitter CEO mulls deeper changes

NEW YORK — A day after Twitter gave right-wing conspiratorialist Alex Jones a weeklong timeout, CEO Jack Dorsey is mulling deeper changes to the social media service that might limit the spread of fake news, misinformation and hate speech. Twitter joined other prominent tech companies in ...

Texas man in 3D-printed firearms case welcomes legal battle

AUSTIN, Texas — Cody Wilson found his calling when, in 2013, he successfully fired the first gun made on a 3D printer. The Austin American-Statesman reports that very week, he dropped out of his second year at the University of Texas Law School, which wasn't much of a sacrifice because he'd ...

Questions loom over Tesla deal after CEO reveals Saudi link

SAN FRANCISCO — Tesla CEO Elon Musk's elaboration on his plan to engineer a buyout of the electric car maker could get the Silicon Valley maverick into legal trouble by revealing that the deal is far more uncertain than how he initially described it in his brash tweet last week. If ...

Democrats pour money into longshot races

HOUSTON — Thara Narasimhan, who hosts an Hindu radio program in Houston, has already given $1,200 to a Democrat running against Republican U.S. Rep. Pete Olson, who once drove around his solidly conservative Texas district with a "NEVER HILLARY" bumper sticker on his pickup. Her plans to ...

China’s Xi beset by economic and political challenges

the Associated Press BEIJING — As China's leaders gather for their annual Yellow Sea retreat, the country's political waters are looking choppy. Chinese President and ruling Communist Party leader Xi Jinping is beset by economic, foreign policy and domestic political challenges just ...