Money & Markets

China’s auto show highlights electric ambitions

BEIJING — This year’s Shanghai auto show highlights the global industry’s race to make electric cars Chinese drivers want to buy as Beijing winds down subsidies that promoted sales. Communist leaders are shifting the burden to automakers by imposing mandatory sales targets for ...

Southwest doesn’t plan to use Boeing Max jets until August

DALLAS — Southwest Airlines customers relaxing on Thursday evening got an email that may mean their summer vacation could be more stressful and expensive than they planned. Southwest, the biggest operator of Boeing jets, is removing the grounded 737 Max from its schedule until at least Aug. ...

Uber reveals strong growth, huge losses ahead of IPO

SAN FRANCISCO — Uber is providing a look under the hood of its business in the lead-up to its hotly anticipated debut on the stock market, revealing strong growth but an ongoing struggle to overcome huge losses and repair its reputation. Documents released Thursday offered the most detailed ...

National Enquirer parent company explores possible sale of tabloid

NEW YORK — The supermarket tabloid under fire for paying hush money to a former Playboy model to help Donald Trump in his 2016 presidential campaign is on the auction block. The parent of the National Enquirer said Wednesday that it is exploring a possible sale as part of a “strategic” ...

NYC orders mandatory vaccines for some amid measles outbreak

NEW YORK — Health officials Tuesday ordered nearly everyone in a heavily Orthodox Jewish New York City neighborhood to be vaccinated for measles or face fines, reviving a public-health strategy that experts say hasn’t been used in the U.S. in recent memory. The emergency order came as the ...

Casino-operating tribes influence sports betting debate

ST. PAUL, Minn. — Native American tribes have emerged as key players in the legislative debates over whether states should legalize sports betting, with some opposing the idea because it could threaten their casinos and others supporting legalization but only if they retain a monopoly. In ...

Real or artificial? Tech titans declare AI ethics concerns

the Associated Press The biggest tech companies want you to know that they’re taking special care to ensure that their use of artificial intelligence to sift through mountains of data, analyze faces or build virtual assistants doesn’t spill over to the dark side. But their efforts to ...

Job gain points to a US economy slowing but hardly stalling

WASHINGTON — A month ago, many economists fretted that the 10-year U.S. expansion looked wobbly. But after the government reported Friday that hiring rebounded in March, the economy suddenly looks sturdy again. Growth has weakened since last year to something closer to the modest pace that ...

China’s construction binge spreads to Americas, rattles US

PANAMA CITY — China’s expansion in Latin America of its Belt and Road initiative to build ports and other trade-related facilities is stirring alarm in Washington over Beijing’s ambitions in a region that American leaders since the 19th century have seen as off-limits to other ...

Disney presents a united front with Fox at CinemaCon

LAS VEGAS — It’s not uncommon for Hollywood studios to show a sizzle reel to kick off a CinemaCon presentation, but Wednesday afternoon in Las Vegas, “Avatar,” ‘’Deadpool,” ‘’Toy Story” and “The Avengers” all made their way into the same montage. As the new owners of ...

Trump eases up on border shutdown threat

WASHINGTON — President Donald Trump eased up Tuesday on his threats to shut the southern border this week as officials across his administration explored half-measures that might satisfy the president’s urge for action, like stopping only foot traffic at certain crossings. Facing a surge ...

Trump’s threat to close border stirs fears of economic harm

EL PASO, Texas — President Donald Trump’s threat to shut down the southern border raised fears Monday of dire economic consequences in the U.S. and an upheaval of daily life in a stretch of the country that relies on the international flow of not just goods and services but also students, ...

Investors hail Lyft shares in IPO, see profits down the road

SAN FRANCISCO — Lyft’s shares soared as the company went public Friday, giving investors their first chance to bet on the future of the ride-hailing industry. The stock opened at $87.24, up 21 percent from its offering price of $72. It closed at $78.29, up 8.7 percent, giving the company ...

Bump stocks are turned in or destroyed as ban takes effect

BOISE, Idaho — The largest supplier of bump stocks turned in its entire remaining inventory to be destroyed — some 60,000 devices. Washington state’s buyback program was so popular it ran out of money. One dealer held a “Viking funeral” for his last bump stock, pouring a can of beer ...

New York sues billionaire family behind maker of OxyContin

NEW YORK — New York is suing the billionaire family behind the company that created OxyContin, joining a growing list of state and local governments seeking to hold not only the firm but its owners accountable for the nation’s opioid crisis. The state, which averages nine opioid-related ...

Apple vs. Netflix: Why turf wars are flaring in big tech

Apple’s ambitious leap into streaming video illustrates an escalating trend: Tech’s biggest companies, faced with limits to their growth, are encroaching on each other’s turf. Apple is taking on Netflix by launching a subscription TV service with its own original shows. Facebook is ...

Apple tries to take a bite out of credit card industry

Apple is rolling out a credit card that it says is designed to do things no other card can. So how does it actually stack up? It looks different from a traditional credit card — there’s no number on the front and the users’ name is etched in metal. The card expands the company’s ...

US experts: Too soon to pull breast implants tied to cancer

SILVER SPRING, Md. — Government medical advisers said Monday it’s too soon to ban a type of breast implant that has recently been linked to a rare form of cancer, saying more information is needed to understand the problem. The Food and Drug Administration panel didn’t recommend any ...

German family to give $11M after hearing extent of Nazi past

BERLIN — One of Germany’s richest families, whose company owns a controlling interest in Krispy Kreme Doughnuts, Panera Bread, Pret a Manger and other well-known businesses, plans to donate millions to charity after learning about their ancestors’ enthusiastic support of Adolf Hitler and ...

Indonesia’s first subway opens in its gridlocked capital

JAKARTA, Indonesia — Indonesia’s long-awaited first subway opened Sunday in the country’s capital with the aim of relieving crippling traffic gridlock in Southeast Asia’s biggest economy. Minutes after inaugurating the 16-kilometer (10-mile) transit line running south from Jakarta’s ...