Money & Markets

Ahead of Ross visit, US group calls on China to open markets

BEIJING — An American business group called on Beijing on Wednesday to allow the same access to its state-dominated economy that China's companies have to U.S. markets after Washington revved up a simmering trade dispute with a surprise announcement of plans to go ahead with a tariff ...

China approves 13 new Ivanka Trump trademarks

SHANGHAI — Ivanka Trump's brand continues to win foreign trademarks in China and the Philippines, adding to questions about conflicts of interest at the White House, The Associated Press has found. On Sunday, China granted the first daughter's company final approval for its 13th trademark ...

Trump’s trade agenda runs into reality of global geopolitics

the Associated Press WASHINGTON — President Donald Trump's hard-line views on trade, a staple of his message long before he entered politics, are beginning to collide with the cold realities of global geopolitics. Trade talks on China and the North American Free Trade Agreement have hit ...

Trump administration has cut deal with China’s ZTE

WASHINGTON — The Trump administration has told Congress that it's reached a deal that would allow Chinese telecommunications giant ZTE Corp. to stay in business, a source familiar with the talks who spoke on condition of anonymity to discuss a confidential matter said Friday. A resolution ...

Dem, GOP leaders get classified briefings on Russia probe

the Associated Press WASHINGTON — Republican and Democratic lawmakers huddled Thursday in classified briefings about the origins of the FBI investigation into Russia's meddling in the 2016 presidential election, a highly unusual series of meetings prompted by partisan allegations that the ...

Trump launches probe into auto imports, possible tariffs

the Associated Press WASHINGTON — The Trump administration on Wednesday launched an investigation into whether tariffs are needed on the imports of automobiles into the United States, moving swiftly as talks over the North American Free Trade Agreement have stalled. President Donald Trump ...

Workers at Vegas hotel-casinos vote on whether or not to strike

LAS VEGAS — Unionized Las Vegas casino workers descended on a university arena in red T-shirts and work uniforms as they voted Tuesday on whether to call for a citywide strike that could have huge financial implications for the tourist-dependent destination. Ballots were cast in two ...

The result of US-China talks

WASHINGTON — In the short run, a truce in the trade conflict between the United States and China has lightened tensions, halted the immediate threat of U.S. tariffs on China's goods and cheered stock markets. The long-run picture may not be so sunny. The outcome of last weekend's talks ...

US, China putting trade war on hold

WASHINGTON — The United States and China are pulling back from the brink of a trade war after the world's two biggest economies reported progress in talks aimed at bringing down America's massive trade deficit with Beijing. "We are putting the trade war on hold," Treasury Secretary Steven ...

Beijing showing signs of compromise in trade talks with US

WASHINGTON — China is sending conciliatory signals as U.S. and Chinese negotiators meet in Washington to try to head off a trade war between the world's two biggest economies. Beijing has dropped an anti-dumping investigation into imported U.S. sorghum, which it had accused the United ...

Gambling, tech firms scramble for foothold in sports betting

ATLANTIC CITY, N.J. — The prospect of legal sports betting throughout the United States has prompted a flurry of deals among gambling and technology firms who want a foothold in the billion-dollar industry. Casinos, race tracks, daily fantasy sports companies and others are itching to ...

Shorter drug treatment OK for many breast cancer patients

Many women with a common and aggressive form of breast cancer that is treated with Herceptin can get by with six months of the drug instead of the usual 12, greatly reducing the risk of heart damage it sometimes can cause, a study suggests. It's good news, but it comes nearly two decades ...

Greenpeace: Paper giant cut forests during conservation pact

BANGKOK — Greenpeace has ended a five-year truce with one of the world's largest paper companies, accusing it of cutting down tropical forests in Indonesia during the entire time the two were cooperating on conservation. The announcement Wednesday, triggered by an Associated Press ...

Hawaii volcano eruption costs tourism industry millions

the Associated Press PAHOA, Hawaii — People nixing vacations to Hawaii's Big island has cost the tourism industry millions of dollars as the top attraction, Kilauea volcano, keeps spewing lava. Cancellations from May through July have hit at least $5 million, said Ross Birch, executive ...

Trump says US will help penalized Chinese company

the associated press WASHINGTON — In a surprising overture to China, President Donald Trump said Sunday he would help a Chinese telecommunications company get "back into business," saying too many jobs in China are at stake after the U.S. government cut off access to its American ...

Trump open to negotiations with Calif. on auto gas mileage

WASHINGTON — Addressing a key concern for manufacturers, President Donald Trump instructed his administration to explore negotiations with California on achieving a single fuel economy standard for the nation during a meeting with auto industry executives Friday. The president met with top ...

In taking on high drug prices, Trump faces a complex nemesis

WASHINGTON — Before taking office, President Donald Trump railed against the pharmaceutical industry and accused it of "getting away with murder." The populist rhetoric appears to be giving way to a more nuanced strategy focused on making the pharmaceutical market more open and competitive, ...

California, Florida stem cell clinics target of US lawsuit

LOS ANGELES — Federal prosecutors in California and Florida sued on Wednesday to stop two companies from providing stem cell treatments, alleging the clinics marketed their procedures as remedies for ailments including cancer and heart disease without proof of safety and efficacy. The ...

Mnuchin: Boeing’s sales licenses to Iran will be revoked

WASHINGTON — The U.S. withdrawal from the Iran nuclear deal means Boeing's licenses to sell billions of dollars in commercial jetliners to Iran will be revoked, Treasury Secretary Steven Mnuchin said Tuesday. Mnuchin said that the existing licenses held by Chicago-based Boeing Co. and its ...

California judge affirms ruling for coffee cancer warnings

LOS ANGELES — A court ruling that gave coffee drinkers a jolt earlier this year was finalized Monday when a Los Angeles judge said coffee sold in California must carry cancer warnings. Superior Court Judge Elihu Berle said Starbucks Corp. and other roasters and retailers failed to show ...