Money & Markets

Sears cuts a deal with Amazon

HOFFMAN ESTATES, Ill. — Sears will begin selling its appliances on Amazon.com, including smart appliances that can be synced with Amazon's voice assistant, Alexa. The announcement Thursday sent shares of Sears soaring almost 11 percent. The tie-up with the internet behemoth could give ...

Greece Daily Life

IMF approves $1.8B loan to Greece

WASHINGTON — The International Monetary Fund's board on Thursday approved a $1.8 billion loan to Greece — but will only release the money if the country gets debt relief from its European creditors. The IMF has praised Greece for taking steps to reduce its budget deficits, including ...

Made-in-USA goods can be pricey and elusive. Just ask Trump

WASHINGTON — President Donald Trump's push this week to get Americans to buy goods "made in America" is harder than it might seem. Even for Trump. The gold-plated pens the president uses to sign laws are assembled in Rhode Island but lacquered and engraved in China. The Boeing jet he ...

US-China trade talks break up without breakthrough

WASHINGTON — U.S. and Chinese officials on Wednesday wrapped up high-level talks without announcing any breakthroughs on the contentious economic issues that divide them. The daylong talks at the Treasury Department began with prickly comments from both sides. Chinese Vice Premier Wang Yang ...

Amazon-Cloning Pinterest

Amazon’s Spark looks a lot like Pinterest

NEW YORK — Take Amazon Prime, mix it with Pinterest and add a dash of Instagram. The result is Amazon Spark , a new shopping-focused "social network" aimed at getting hardcore Amazon users to spend even more money with the e-commerce giant. The service launched publicly on Tuesday on ...

Exports push Japan trade surplus to $3.9B

TOKYO — Japan's exports rose nearly 10 percent in June from a year earlier, while imports jumped 15.5 percent, biting into its trade surplus. A recovery in exports to China and the rest of Asia is helping sustain growth of the world's third-largest economy. The customs figures reported ...

AP PHOTO
In this July 8, file photo, U.S. President Donald Trump, left, and Chinese President Xi Jinping arrive for a meeting on the sidelines of the G-20 Summit in Hamburg, Germany. After a cordial meeting between Trump and Xi in April 2017, tensions are simmering again between the world’s two biggest economies.

US-China trade rifts resurface even after friendly summit

WASHINGTON — Cake and conversation, it seems, can go only so far to mend longstanding economic rifts between the United States and China. Three months after President Donald Trump and his Chinese counterpart, Xi Jinping, shared chocolate cake at an amiable summit in Florida, tensions ...

Goldman Goes Main Street

Goldman Sachs moves quietly into Main Street

NEW YORK — More homeowner, less hedge fund titan. Goldman Sachs, long known for its super-rich clients and well-connected executives, is starting to act a lot more like a neighborhood bank. The most Wall Street of Wall Street firms really wants people to start thinking about it the next ...

United Continental’s 2Q profit tops forecasts

DALLAS — A return to higher fares helped boost United Airlines' second-quarter profit above Wall Street expectations, but the momentum behind rising prices could be fading. United said Tuesday that it expects a key revenue per seat figure to be flat in the July-through-September quarter. That ...

Pickering says GreenTech never met jobs, investment totals

JACKSON, Miss. — Electric vehicle firm GreenTech Automotive claims it raised $140 million for its Mississippi factory, but state Auditor Stacey Pickering said Monday that the company can't prove it invested even the $60 million required in its state incentive contract. In a statement ...

Tom Dillmann, of Venturi Racing, drives with a damaged front splitter during the final day of the Formula E New York City ePrix all-electric auto race Sunday, July 16, 2017, in the Brooklyn borough of New York. (AP Photo/Michael Noble Jr.)

Electric car racing comes to Brooklyn

NEW YORK — The roar of the engine was replaced by a furious whirring as the future of motorsports came to Brooklyn. Formula E took over part of the waterfront neighborhood of Red Hook on Sunday, the second of two race days for the Qualcomm New York City ePrix. The Formula One-style, ...

Europe horse meat scam: At least 66 people arrested

BRUSSELS — Authorities have arrested at least 66 people in a European food scam which sold horse meat unfit for human consumption. European Union police coordinating organization Europol announced Sunday that eight nations cooperated in the operation. In Spain, 65 people face a series of ...

AP PHOTO
In this June 13, 2012, file photo, JPMorgan Chase CEO Jamie Dimon testifies before the Senate Banking Committee on Capitol Hill in Washington. During calls with reporters and Wall Street analysts on Friday, Dimon vented his irritation with politicians and the news media, arguing that the nation is spending too much time bickering instead of solving real issues.

JPMorgan CEO shifts topic to politics from financial results

NEW YORK — After JPMorgan Chase posted a record $7 billion quarterly profit, the last thing a contentious Jamie Dimon wanted to talk about Friday was his company's earnings. Instead, the CEO of the nation's largest bank vented his irritation with politicians and what he called gridlock ...

Earns Wells Fargo

Wells Fargo’s 2Q profit, interest rates, rise

Wells Fargo said its profit edged higher in the second quarter as the bank got a boost from rising interest rates and the planned sale of its insurance service business. The San Francisco-based bank said its profit grew 5 percent to $5.8 billion, or $1.07 per share. That was more than the ...

Airline on-time performance slips

WASHINGTON — Fewer flights were on time and consumer complaints about airlines rose in May, according to the latest government figures . The Transportation Department said Friday that 79.1 percent of flights on the 12 largest U.S. airlines arrived on time in May, down from 83.4 percent in May ...

AP PHOTO
In this Jan. 6, 2016 file photo, an electronic advertisement for DraftKings hangs on the side of Madison Square Garden in New York. On Thursday, DraftKings announced it pulled out of a proposed merger with FanDuel, scrapping potential partnership between fantasy sports companies.

DraftKings, FanDuel call off daily fantasy sports merger

BOSTON — The two leading daily fantasy sports companies DraftKings and FanDuel scrapped their proposed merger on Thursday, about a month after federal regulators sued to block it. The Federal Trade Commission — along with the attorneys general of California and the District of Columbia ...

Qatar crisis grinds on as top US diplomat leaves the Gulf

DUBAI, United Arab Emirates — The top U.S. diplomat concluded a week of shuttle diplomacy in the Persian Gulf crisis on Thursday bearing no promise of an imminent breakthrough, but he voiced optimism that Qatar and its four Arab neighbors might soon at least be willing to talk face to ...

Nevada Marijuana

Nevada adopts emergency rules to combat pot bottleneck

CARSON CITY, Nev. — Nevada moved Thursday to reduce supply problems at recreational marijuana stores that have faced overwhelming demand for newly legal pot and the possibility of their shelves going empty. Regulators approved emergency rules that would speed up licensing for pot ...

FDA OKs new J& J treatment for psoriasis

TRENTON, N.J. — U.S. regulators approved a new psoriasis drug from Johnson & Johnson Thursday. Johnson & Johnson said that in one patient study, about seven in 10 patients getting the drug, Tremfya, had clear or nearly clear skin after 24 weeks of treatment. That compares with about ...

FILE - In this Friday, May 13, 2016, file photo, a man uses his mobile phone near an Apple store in Beijing. On Wednesday, July 12, 2017, Apple announced it will open a data center in mainland China with ties to the country’s government, raising concerns about the security of iCloud accounts that store personal information transferred from iPhones, iPads and Mac computers there. (AP Photo/Ng Han Guan, File)

Apple to open data center in China with government ties

SAN FRANCISCO — Apple will open a data center in mainland China with ties to the country's government, raising concerns about the security of iCloud accounts that store personal information transferred from iPhones, iPads and Mac computers there. The data center announced Wednesday will be ...