Money & Markets

China sets robust growth target to shore up cooling economy

BEIJING — China’s top economic official announced a robust annual growth target and a 7.5 percent rise in military spending on Tuesday as its ceremonial legislature opened a session overshadowed by a tariff war with Washington. In a bid to defuse U.S. and European trade complaints, ...

China considers legal changes on technology to placate US

BEIJING — In an unusual step, China’s ceremonial legislature is due to endorse a law meant to help end a bruising tariff war with Washington by discouraging officials from pressuring foreign companies to hand over technology. The battle with China’s biggest trading partner is ...

Huawei CFO suing Canada, its border agency and the RCMP

TORONTO — An executive of Chinese tech giant Huawei is suing the Canadian government, its border agency and the national police force, saying they detained, searched and interrogated her before telling her she was under arrest. Lawyers for Meng Wanzhou said Sunday they filed a notice of ...

Tesla’s online-only sales approach comes with big risks

DETROIT — When Gary Bornstein spent $52,000 for a Tesla Model 3 last summer, he did it without taking a test drive or even seeing the car that he now owns. The Long Island, New York, financial consultant did his research and ordered the car online, a process that Tesla CEO Elon Musk is ...

Farm loan delinquencies highest in 9 years as prices slump

WICHITA, Kan. — The nation’s farmers are struggling to pay back loans after years of low crop prices and a backlash from foreign buyers over President Donald Trump’s tariffs, with a key government program showing the highest default rate in at least nine years. Many agricultural loans ...

Walmart is getting rid of greeters; disabled workers worried

As Walmart moves to phase out its familiar blue-vested “greeters” at some 1,000 stores nationwide, disabled workers who fill many of those jobs say they’re being ill-treated by a chain that styles itself as community-minded and inclusive. Walmart told greeters around the country last ...

US appeals court clears AT&T’s $81B purchase of Time Warner

WASHINGTON — A federal appeals court on Tuesday cleared AT&T’s takeover of Time Warner, rejecting the Trump administration’s claims that the $81 billion deal will harm consumers and reduce competition in the TV industry. The ruling by the U.S. Court of Appeals in Washington came in ...

High-stakes trial starts in Roundup weed killer cancer claim

SAN FRANCISCO — A jury in federal court in San Francisco will decide whether Roundup weed killer caused a California man’s cancer in a trial starting Monday that plaintiffs’ attorneys say could help determine the fate of hundreds of similar lawsuits. Edwin Hardeman, 70, is the second ...

Technology helps San Francisco erase 8,000 pot convictions

SAN FRANCISCO — Over 8,000 marijuana-related convictions were erased or reduced using a technological approach that prosecutors nationwide should adopt to address a growing backlog of criminal cases eligible for modification, San Francisco’s district attorney announced Monday. San ...

Nightmare result of US-NKorea talks: Bad deal, little change

HANOI, Vietnam — The nightmare scenario heading into the second summit between President Donald Trump and North Korean leader Kim Jong Un isn’t so much “fire and fury” and millions dead. Rather, some experts fear the meeting could result in an ill-considered deal that allows North Korea ...

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 ...