Money & Markets

Trump orders stiff trade tariffs

WASHINGTON — Unswayed by Republican warnings of a trade war, President Donald Trump ordered steep new tariffs on steel and aluminum imports to the U.S. on Thursday, vowing to fight back against an "assault on our country" by foreign competitors. The president said he would exempt Canada and ...

Mexico, Canada and others may be exempted from US tariffs

WASHINGTON — The White House said Wednesday that Mexico, Canada and other countries may be spared from President Donald Trump's planned steel and aluminum tariffs under national security "carve-outs," a move that could soften the blow amid threats of retaliation by trading partners and dire ...

Investor group cancels deal to buy Weinstein Co.

NEW YORK — A group of investors pulled out of a deal to buy the beleaguered Weinstein Co. on Tuesday after discovering tens of millions of dollars in undisclosed debt, according to people familiar with the negotiations. Businesswoman Maria Contreras-Sweet, who has been leading the group of ...

Plan to open drilling off Pacific Northwest draws opposition

SEATTLE — The Trump administration's proposal to expand offshore drilling off the Pacific Northwest coast is drawing vocal opposition in a region where multimillion-dollar fossil fuel projects have been blocked in recent years. The governors of Washington and Oregon, many in the state's ...

White House: No exemptions from steel, aluminum tariffs

WASHINGTON — President Donald Trump's administration appears unbowed by broad domestic and international criticism of his planned import tariffs on steel and aluminum, saying Sunday that the president is not planning on exempting any countries from the stiff duties. Speaking on CNN's "State ...

US companies taking stands, facing retribution over guns

NEW YORK — Kroger will no longer sell guns to anyone under 21 at the stores it owns, becoming the third major retailer this week to put restrictions in place that are stronger than federal laws. The move, following those by Dick's Sporting Goods and Walmart — and retribution on Delta by ...

Retailers Dick’s and Walmart take harder line against guns

NEW YORK— Dick's Sporting Goods and Walmart took steps Wednesday to restrict gun sales, adding two retail heavyweights to the growing rift between corporate America and the gun lobby. Dick's said it will immediately stop selling assault-style rifles and ban the sale of all guns to anyone ...

Trump campaign chief lends name to penny stock tied to felon

WASHINGTON — The political strategist and online guru who was named President Donald Trump's 2020 campaign manager Tuesday has a close financial relationship with a penny-stock firm with a questionable history that includes longstanding ties to a convicted fraudster, according to an ...

Georgia GOP leader threatens Delta over cutting its NRA ties

ATLANTA — Georgia's lieutenant governor on Monday threatened to prevent Delta Air Lines from getting a lucrative tax cut after the company ended its discount program with the National Rifle Association, in the latest fallout from a deadly school shooting in Florida. Delta is part of a ...

New Samsung phone: Nicer camera, static design, higher price

NEW YORK — Samsung unveiled new smartphones with largely unchanged designs and incremental improvements such as a better camera — accompanied by a second annual price increase for many customers. The static design of the new Galaxy S9 underscores both the slowing pace of smartphone ...

Airbnb unveils new category of rentals rated by inspectors

SAN FRANCISCO — Airbnb is dispatching inspectors to rate thousands of the properties listed on its home-rental service in an effort to reassure travelers they're booking nice places to stay. The Plus program, unveiled Thursday, is aimed at winning over travelers who aren't sure they can ...

Beyond ‘Obamacare’: New liberal plan on health care overhaul

WASHINGTON — A major liberal policy group is raising the ante on the health care debate with a new plan that builds on Medicare to guarantee coverage for all. Called "Medicare Extra for All," the proposal to be released Thursday by the Center for American Progress gives politically ...

Luxury property ad blitz heralds Donald Trump son’s visit to India

NEW DELHI — "Trump has arrived. Have you?" shout the barrage of glossy front-page advertisements in almost every major Indian newspaper. The ads, which have run repeatedly in the past few days, herald the arrival not of the American president but of his eldest son, Donald Trump Jr., who is ...

Pennsylvania’s new congressional map could boost Democrats

HARRISBURG, Pa. — Pennsylvania's high court imposed a new congressional district map for the state's 2018 elections on Monday, potentially giving Democrats a boost in their quest to capture control of the U.S. House unless Republicans can to stop it in federal court. The map of ...

Cities pitching diversity in efforts to lure businesses

cial diversity along with positive business climates, competitive tax rates and available land in pitches to lure tech companies and high-paying jobs to town. Places such as Pittsburgh, Philadelphia and Detroit are touting their populations of people of color to chief executives and other ...

Facebook to verify ads with postcards after Russian meddling

MENLO PARK, Calif. (AP) — Facebook will soon rely on centuries-old technology to try to prevent foreign meddling in U.S. elections: the post office. Baffled in 2016 by Russian agents who bought ads to sway the U.S. presidential campaign, Facebook's global politics and government outreach ...

Budget undercuts Trump focus on mental health, school safety

WASHINGTON — President Donald Trump is calling for a focus on mental health and school safety in response to shootings like the one that took 17 lives in Florida, but his budget would cut funding in both areas. Trump's latest budget would slash the major source of public funds for mental ...

First blood test to help diagnose brain injuries gets US OK

CHICAGO — The first blood test to help doctors diagnose traumatic brain injuries has won U.S. government approval. The move means Banyan Biomarkers can commercialize its test, giving the company an early lead in the biotech industry's race to find a way to diagnose concussions. The test ...

Premier League TV growth halted as UK rights sold for $6bn

LONDON — The Premier League's inflationary bubble burst Tuesday when the $6 billion sale of British television rights produced a drop in the value of matches. The past two domestic deals both produced 70 percent jumps in the value of rights, fueling spiraling wages and transfer fees and ...

Trump’s budget balloons deficits

WASHINGTON — President Donald Trump unveiled a $4.4 trillion budget plan Monday that envisions steep cuts to America's social safety net but mounting spending on the military, formally retreating from last year's promises to balance the federal budget. The president's spending outline for ...