Money & Markets

Mueller probe IDs long-hidden hackers

PARIS — On the morning of March 19, 2016, Den Katenberg ran a little test with big stakes. The previous week, Katenberg's hacking crew had been bombarding the Hillary Clinton campaign's email accounts with fake Google warnings, trying to get her Brooklyn-based staff to panic, enter their ...

Commerce’s Ross selling stock in response to ethics concerns

WASHINGTON — Commerce Secretary Wilbur Ross says he is selling off all his vast stock holdings after news reports raised questions about the timing of some of his stock transactions and he received a sharp reprimand from the chief federal ethics officer. But it's not clear whether the sales ...

Trump says May’s Brexit plan would kill UK-US trade deal

LONDON — U.S. President Donald Trump lobbed a verbal hand grenade into Theresa May's carefully constructed plans for Brexit, saying Thursday that the British leader had wrecked the country's exit from the European Union and likely "killed" chances of a free-trade deal with the United ...

US soon to leapfrog Saudis, Russia as top oil producer

The U.S. is on pace to leapfrog both Saudi Arabia and Russia and reclaim the title of the world's biggest oil producer for the first time since the 1970s. The latest forecast from the U.S. Energy Information Administration predicts that U.S. output will grow next year to 11.8 million barrels ...

United States proposes tariffs on $200 billion more in Chinese imports

WASHINGTON — The Trump administration is readying tariffs on another $200 billion in Chinese imports, ranging from burglar alarms to mackerel, escalating a trade war between the world's two biggest economies. The Office of the U.S. Trade Representative proposed 10 percent tariffs Tuesday on ...

How China could hurt US once it ran out of imports to tax

THE ASSOCIATED PRESS BEIJING — In his trade war with China, President Donald Trump wields one seeming advantage: The United States could ultimately slap tariffs on more than $500 billion in imported Chinese goods. Beijing has much less to tax: It imported just $130 billion in U.S. goods ...

Trump still pondering Supreme Court pick

MORRISTOWN, N.J. — President Donald Trump said Sunday he was still deliberating his decision on a replacement for Supreme Court Justice Anthony Kennedy as his self-imposed deadline for an announcement neared amid furious lobbying and frenzied speculation. "I'm very close to making a final ...

After marathon meeting, UK leaders endorse Brexit trade plan

LONDON — British Prime Minister Theresa May corralled her Cabinet inside an English country house for a long, hot day Friday, and announced that the divided government had finally agreed on a plan for a future free-trade deal with the European Union. The proposal aims to keep the U.K. and ...

China’s bravado belies worries over trade clashes with US

the Associated Press BEIJING — China says it's girded for a trade war with the U.S. and can give as good as it gets, but behind the official bravado lies a deep unease over trade friction with Washington. "There are those who believe the U.S. must lose and China must win," Li Xiao, a ...

China push to end reliance on US technology

BEIJING — Fears that China is threatening U.S. leadership in robots, electric cars and other advanced technologies are pushing the world's two biggest economies toward a full-blown trade war as the two sides prepare to impose tariffs Friday on billions of dollars' worth of each other's ...

Los Angeles kicks off long-delayed licensing for marijuana growers

the Associated Press LOS ANGELES — Los Angeles will kick off the process for licensing marijuana cultivators and manufacturers on Aug. 1, but it's likely to be many months before any of those companies open their doors for business. The announcement Monday was greeted with a mix of ...

Trump delaying NAFTA deal until after midterm elections

BERKELEY HEIGHTS, N.J. — President Donald Trump intends to delay signing a revised version of the North American Free Trade Agreement until after the fall midterm elections, a move aimed at reaching a better deal with Canada and Mexico. Trump said in an interview that aired Sunday that he ...

Trump’s on a hot streak: Court rulings, vacancy, summit plan

WASHINGTON — A Supreme Court vacancy just fell in his lap, offering a chance to shape the court for decades. The current court handed him two favorable rulings in a single week. And there's a Russia summit on the horizon, promising headlines for a week or more. President Donald Trump is ...

Faster delivery is the next big thing

the associated press NEW YORK— Waiting is so yesterday. Shoppers increasingly want their orders to arrive at their doorsteps as soon as they click a button, whether it's a hot meal, groceries or a sofa. In response, retailers are betting big on delivery services to drop off packages ...

Jury: Dr. Dre’s Beats owes ex-partner $25 million

the associated press LOS ANGELES — A jury on Wednesday found that Dr. Dre, music mogul Jimmy Iovine and their headphone company Beats Electronics LLC owe a former partner $25.2 million in royalties. The Los Angeles Superior Court jury found Wednesday by a 9-3 margin that Beats breached a ...

Another wave of sales leaves GE a vastly changed company

NEW YORK — General Electric Co. is shrinking again, becoming a mere shadow of the globe-spanning conglomerate that it was before the Great Recession. GE said Tuesday that it will spin off its health-care business and sell its interest in Baker Hughes, which provides drilling services to ...

Lee Enterprises to manage Berkshire Hathaway newspapers

the associated press OMAHA, Neb. — Warren Buffett's company has hired Lee Enterprises to manage the mostly smaller newspapers it has acquired since 2011 in 30 different markets. Lee said Tuesday it expects to collect $50 million in fees from the five-year agreement that should help BH ...

Harley, stung by tariffs, shifts some of its production overseas

MILWAUKEE — Production of Harley-Davidson motorcycles sold in Europe will move from U.S. factories to facilities overseas, the Milwaukee-based company announced Monday, a consequence of the retaliatory tariffs the EU is imposing on American exports in an escalating trade war with the Trump ...

Corporate America increasingly avoids gun-industry business

GAINESVILLE, Ga. — With Gary Ramey's fledgling gun-making business taking off in retail stores, he decided to start offering one of his handguns for sale on his website. That didn't sit well with the company he used to process payments, and they informed him they were dropping his account. ...

From boat makers to farmers, US-led tariff war inflicts pain

WASHINGTON — A Florida boat builder absorbs $4 million in lost business and expects more pain. An Ohio pork producer is losing access to a vital export market and fears the damage will last years. A motorcycle shop near Cologne, Germany, wonders if it even has a future. A brawl that the ...