Money & Markets

‘I love the Saudis’: Trump business ties to kingdom run deep

NEW YORK — He's booked hotel rooms and meeting spaces to them, sold an entire floor in one of his buildings to them and, in desperate moments in his career, gotten a billionaire from the country to buy his yacht and New York's Plaza Hotel overlooking Central Park. President Donald Trump's ...

Arizona to launch test facility for self-driving technology

the Associated Press PHOENIX — Arizona will be home to a new, sprawling facility solely dedicated to researching autonomous vehicles, signaling the state's full embrace of the growing technology. Gov. Doug Ducey signed an executive order Thursday creating the newly minted Institute for ...

World Bank head says trade tensions could worsen poverty

the associated press NUSA DUA, Indonesia — Escalating trade tensions between the U.S. and China could undo global progress in helping end extreme poverty, World Bank President Jim Yong Kim said Thursday at the outset of bank's annual meeting with the International Monetary Fund and other ...

In boon for farmers, Trump lifts restrictions on ethanol

the Associated Press WASHINGTON — The Trump administration is moving to allow year-round sales of gasoline with higher blends of ethanol, a boon for Iowa and other farm states that have pushed for greater sales of the corn-based fuel. President Donald Trump announced he is lifting a ...

SpaceX satellite launch lights up night sky, social media

LOS ANGELES — When SpaceX launched a rocket carrying an Argentine Earth-observation satellite from California's Central Coast, both the night sky and social media lit up. People as far away as San Francisco, Sacramento, Phoenix and Reno, Nevada, posted photos of the Falcon 9 rocket's launch ...

As joblessness falls, skilled workers might be hard to find

Are America's employers at risk of running out of skilled people to hire? The U.S. economy has become a seemingly perpetual job-generating machine, having steadily added workers for nearly eight years. Even with the unemployment rate now at 3.7 percent — its lowest point since 1969 — ...

Not since 1969: US regains ultra-low 3.7 pct. unemployment

WASHINGTON — The last time the U.S. unemployment rate was roughly as low as the 3.7 percent it is now — December 1969 — the economy was overheating, inflation was spiking and a short recession soon followed. Could that happen again? Probably not anytime soon, most economists say. Yet ...

Oregon vineyards face losses amid concerns about smoke taint

the Associated Press SALEM, Ore. — Some Oregon lawmakers and winery owners scrambled Thursday to help a dozen vineyard owners who face the prospect of tons of grapes withering on the vine after a California company abruptly canceled contracts to buy the grapes worth millions of dollars over ...

Amazon’s $15 an hour a win? Not so, some say

the associated press NEW YORK — Amazon's announcement that it would raise its hourly minimum wage to $15 has been seen as a win for workers. But some longtime employees say they are losing out. Those who already made $15 will get an extra dollar an hour when the change is made next month, ...

Experts say Trump’s EPA moving to loosen radiation limits

WASHINGTON — The EPA is pursuing rule changes that experts say would weaken the way radiation exposure is regulated, turning to scientific outliers who argue that a bit of radiation damage is actually good for you — like a little bit of sunlight. The government's current, decades-old ...

GE, seeking path forward as a century-old company, ousts CEO

the associated press BOSTON — General Electric ousted its CEO, took a $23 billion charge and said it would fall short of profit forecasts this year, further signs that the century-old industrial conglomerate is struggling to turn around its vastly shrunken business. H. Lawrence Culp Jr. ...

Quarry experiencing labor shortage amid immigration debate

DENVER — Josh Buster should be pretty excited that Denver is working to revamp all of its sidewalks. He's the general manager of Lyons Sandstone, operators of a quarry that's has sourced the city's flagstones since people began installing them a century ago. Denver Public Works' repair and ...

SEC seeks to oust Tesla CEO Elon Musk over go-private tweet

the associated press DETROIT — U.S. securities regulators are asking a federal court to oust Tesla Inc. CEO Elon Musk, alleging in a complaint that he committed securities fraud with false statements about plans to take the company private. The Securities and Exchange Commission says in ...

US, Japan agree to negotiate a free trade agreement

the Associated Press UNITED NATIONS — The United States and Japan announced Wednesday they will open negotiations on a bilateral trade agreement between the world's first- and third-largest economies. It's a significant shift by Tokyo which has been a strong advocate of a multi-nation ...

Push to end bullet train in 2020 could signal GOP strategy

SACRAMENTO, Calif. — Worried they would lack big-name candidates at the top of the ticket this November, California Republicans turned to a ballot measure that would eliminate a recent gas tax increase in hopes of exciting conservatives and ensuring they show up to support lower-profile ...

California urges Trump to drop plan for weaker fuel standard

FRESNO, Calif. — California officials demanded Monday that the Trump administration back off a plan to weaken national fuel economy standards aimed at reducing car emissions and saving people money at the pump, saying the proposed rollback would damage people's health and exacerbate climate ...

Rising oil prices haven’t hurt the US economy so far

DALLAS — America's rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy. It has long been conventional wisdom that rising oil prices hurt the economy by forcing consumers to spend more on gasoline and heating their ...

It’s high times for soaring marijuana stocks on Wall Street

NEW YORK — Reefer Madness has gripped Wall Street. Investors are craving marijuana stocks as Canada prepares to legalize pot next month, leading to giant gains for Canada-based companies listed on U.S. exchanges. Some experts are concerned that the ending will be a buzzkill. Billions of ...

­US Senate, staff targeted by state-backed hacker

THE ASSOCIATED PRESS Foreign government hackers continue to target the personal email accounts of U.S. senators and their aides — and the Senate's security office has refused to defend them, a lawmaker says. Sen. Ron Wyden, an Oregon Democrat, said in a Wednesday letter to Senate leaders ...

3.4 million poultry, 5,500 hogs drowned in Florence flooding

the Associated Press About 3.4 million chickens and turkeys and 5,500 hogs have been killed in flooding from Florence as rising North Carolina rivers swamped dozens of farm buildings where the animals were being raised for market, according to state officials. The N.C. Department of ...