Money & Markets

Trump imposes tariffs on $200B more of Chinese goods

WASHINGTON — The Trump administration will impose tariffs on $200 billion more in Chinese goods starting next week, escalating a trade war between the world's two biggest economies and potentially raising prices on consumer goods ranging from handbags to bicycle tires. The tariffs will ...

Co-founder of Salesforce buys Time magazine for $190 million

the associated press WASHINGTON — Time Magazine is being sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, and his wife, it was announced Sunday. Meredith announced that it was selling Time magazine for $190 million in cash to Benioff, one of four co-founders of ...

An old problem: Aging pipelines lead to deadly explosions

The natural gas pipeline in the United States is vast, sprawling across 2.5 million miles in a complex pressurized system that delivers a quarter of the energy consumed nationwide, according to the American Gas Association. Many of the pipes are old, and utilities are in various stages of ...

Congress passes spending deal, bids to avert gov’t shutdown

WASHINGTON — Moving to head off a government shutdown that neither party wants, Congress has overwhelmingly approved a compromise spending bill and pledged agreement on a short-term bill to fund the government through early December. The House on Thursday approved a $147 billion package to ...

US ‘likely’ has taken over as the world’s top oil producer

THE ASSOCIATED PRESS The United States may have reclaimed the title of the world's biggest oil producer sooner than expected. The U.S. Energy Information Administration said Wednesday that, based on preliminary estimates, America "likely surpassed" Russia in June and August after jumping ...

Got $1,100? Apple shows off its most expensive iPhone yet

the associated press CUPERTINO, Calif. — Apple unveiled three new iPhones on Wednesday, including its biggest and most expensive model yet, as the company seeks to widen the product's appeal amid slowing sales. CEO Tim Cook showed off the iPhone XS Max, which has a bigger screen than the ...

Trump rollback would ease rules on climate-changing methane

the Associated Press WASHINGTON — The Trump administration moved closer Tuesday to rolling back Obama-era rules reducing oil and gas industry leaks of methane gas, one of the most potent agents of climate change. The Environmental Protection Agency formally released its proposed ...

Agency seeks anti-lock brakes on all new US road motorcycles

the associated press DETROIT — A federal safety agency is recommending that all new motorcycles built for road use in the U.S. have anti-lock brakes and electronic stability control as standard equipment. The National Transportation Safety Board voted 5-0 on Tuesday to make the ...

After Moonves, CBS takeover possible in new media landscape

the associated press NEW YORK — The resignation of longtime CBS chief Les Moonves won't likely lead to drastic changes in network programs, but a related deal could make the company ripe for a takeover as traditional media companies compete with upstarts such as Netflix and ...

Massive boom hopes to corral Pacific Ocean’s plastic trash

the Associated Press SAN FRANCISCO — Engineers are deploying a trash collection device to corral plastic litter floating between California and Hawaii in an attempt to clean up the world's largest garbage patch in the heart of the Pacific Ocean. The 2,000-foot (600-meter) long floating ...

Another day at Tesla: Execs depart, Musk invites controversy

Another executive departure, another controversy over the CEO's behavior, another stock drop. Another typical day at Tesla. Although the details change, the pattern stays the same. This time, the executive departure is David Morton, chief accounting officer at Tesla Inc., who called it ...

North Korean charged in crippling Sony hack, WannaCry virus

THE Associated Press LOS ANGELES — A computer programmer working for the North Korean government was charged with devastating cyberattacks on Sony Pictures Entertainment and for the WannaCry ransomware virus that infected computers in 150 countries and crippled parts of the British health ...

Twitter, Facebook set to defend polices ahead of midterms

the Associated Press WASHINGTON — Facebook and Twitter executives plan to defend their companies in two congressional hearings Wednesday, arguing they are aggressively trying to root out foreign actors who want to do the United States harm just weeks before the midterm ...

Trump’s rollback of pollution rules to hit coal country hard

the Associated Press GRANT TOWN, W.Va. — It's coal people like miner Steve Knotts, 62, who make West Virginia Trump Country. So it was no surprise that President Donald Trump picked the state to announce his plan rolling back Obama-era pollution controls on coal-fired power ...

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 ...