Money & Markets

Ford buys scooter company to provide customers a first-last mile solution

DEARBORN, Mich.— The number of mobility options available to people has risen dramatically in recent years. In some situations, people use multiple forms of transportation during a single trip. The fast-paced, often experimental mobility sector requires businesses to keep up with agile and ...

Kim’s wooing of investors and slow-walk on nukes bares rift

MOUNT KUMGANG, North Korea — The two-lane highway south from North Korea’s Mount Kumgang into and across the Demilitarized Zone is lined by tall green fences and street lamps that are only turned on for special occasions. Children play on a parallel stretch of railroad that hasn’t been in ...

Voters reject carbon fee, OK ban on local soda taxes

SEATTLE — Washington state voters rejected the nation’s first tax on carbon emissions in the costliest initiative fight in state history. And they approved a ballot measure to block local governments from imposing new taxes on soda or grocery items. With more than two million votes ...

Motel 6: $7.6 million for guests reported to immigration

PHOENIX — The national budget chain Motel 6 has agreed to pay up to $7.6 million to Latino guests who say the company’s employees shared their private information with immigration officials, according to a proposed settlement filed in federal court. A federal judge must still approve the ...

Chinese ‘gait recognition’ tech IDs people by how they walk

BEIJING — Chinese authorities have begun deploying a new surveillance tool: “gait recognition” software that uses people’s body shapes and how they walk to identify them, even when their faces are hidden from cameras. Already used by police on the streets of Beijing and Shanghai, ...

NAFTA 2.0 could draw some jobs back to US

WASHINGTON — President Donald Trump insists his new North American trade deal will deliver a victory for U.S. factory workers by returning many high-paying jobs to the United States. Maybe. But a review of the agreement suggests that it could also mean higher prices for consumers and more ...

Justice lawyers fail to halt Trump financial records release

WASHINGTON — A federal judge denied the Justice Department’s efforts to halt legal proceedings in a case accusing President Donald Trump of violating the U.S. Constitution — opening the door for Trump’s critics to soon gain access to financial records related to his Washington, D.C., ...

US charges Malaysian financier in multibillion-dollar scheme

WASHINGTON — The Justice Department announced charges Thursday against a fugitive Malaysian financier and two former Goldman Sachs bankers accused in a money laundering and bribery scheme that pilfered billions of dollars from a Malaysian investment fund created to spur economic development ...

Rare drop in NRA election spending as gun-limit groups rise

the Associated Press WASHINGTON — The National Rifle Association — long seen as a kingmaker in Republican politics — is taking a lower profile in this year’s high-stakes midterm campaign, a sign of the shifting dynamics of the gun debate as the GOP fights to maintain its grip on ...

Facebook 3Q revenue slightly below expectations

THE ASSOCIATED PRESS NEW YORK — Facebook is reporting a slight revenue miss but stronger than expected profit in its third-quarter earnings report. Coming three months after the company’s stock suffered its worst one-day drop in history, wiping out $119 billion of its market value, the ...

US election integrity depends on security-challenged firms

the associated press It was the kind of security lapse that gives election officials nightmares. In 2017, a private contractor left data on Chicago’s 1.8 million registered voters — including addresses, birth dates and partial Social Security numbers — publicly exposed for months on an ...

Shoppers may face hard choices again on health marketplaces

the associated press Insurance shoppers likely will have several choices for individual health coverage this fall. The bad news? There’s no guarantee they will cover certain doctors or prescriptions. Health insurers have stopped fleeing the Affordable Care Act’s marketplaces and ...

Pot, property values are focus of upcoming federal trial

the associated press DENVER — A federal trial in Colorado could have far-reaching effects on the United States’ budding marijuana industry if a jury sides with a couple who say having a cannabis business as a neighbor hurts their property’s value. The trial set to begin Monday in ...

GM proposes nationwide zero-emissions vehicle sales mandate

DETROIT — General Motors says it will ask the federal government for one national gas mileage standard, including a requirement that a percentage of auto companies’ sales be zero-emissions vehicles. Mark Reuss, GM’s executive vice president of product development, said the company will ...

Trump says new proposal will lower some US drug prices

the Associated Press WASHINGTON — Less than two weeks before the midterm elections, President Donald Trump on Thursday announced a plan to lower prices for some prescription drugs, saying it would stop unfair practices that force Americans to pay much more than people in other countries for ...

Ford’s 3Q net profit falls 37 percent

the associated press DEARBORN, Mich. — Ford Motor Co.’s net profit fell 37 percent in the third quarter as sales slowed in the U.S. and China. But the company still made $991 million from July through September, or 25 cents per share. Revenue was up 3 percent to $37.67 billion. Chief ...

Microsoft’s fiscal 1Q shines with help from new bright spots

the associated press REDMOND, Wash. — Microsoft Corp.’s expansion beyond its empire in personal computer software paid off again in its fiscal first quarter as it mined new revenue sources in online subscriptions, gaming and its LinkedIn professional networking service. The Redmond, ...

Acrimony over trade, politics sinking China-US ties further

THE Associated Press BEIJING — “Both ignorant and malicious” was how the official China Daily newspaper recently described comments by U.S. Secretary of State Mike Pompeo, offering a stinging insight into the current bitter tone of discourse between the countries. The White House’s ...

Is there interference in the 2018 US midterm elections?

the Associated Press WASHINGTON — When the Justice Department unsealed criminal charges detailing a yearslong effort by a Russian troll farm to "sow division and discord in the U.S. political system," it was the first federal case alleging continued foreign interference in U.S. ...

Russian woman charged in first 2018 election meddling case

WASHINGTON — The U.S. accused a Russian woman on Friday of helping oversee the finances of a sweeping, secretive effort to sway American public opinion through social media in the first federal case alleging foreign interference in the 2018 midterm elections. The criminal complaint against ...