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Money & Markets

The big lesson from the Bezos hack: Anyone can be a target

PROVIDENCE, R.I. — You may not think you’re in the same league as Jeff Bezos when it comes to being a hacking target. Probably not, but you — and just about anyone else, potentially including senior U.S. government figures — could still be vulnerable to an attack similar to one the ...

Trump administration approves Keystone pipeline on US land

BILLINGS, Mont. — The Trump administration on Wednesday approved a right-of-way allowing the Keystone XL oil sands pipeline to be built across U.S. land, pushing the controversial $8 billion project closer to construction though court challenges still loom. The approval signed by Interior ...

France’s Macron tells global CEOs: we’re open for business

PARIS — France’s president is taking on the role of salesman in chief for his strike-battered country. Emmanuel Macron used the splendor of the Palace of Versailles to woo international business leaders on Monday, insisting that his reforms are attracting investors despite six weeks of ...

Emphasis on US exports, trade secrets in China trade deal

WASHINGTON — The United States and China reached a trade deal Wednesday that eases tensions between the world’s two biggest economies, offers massive export opportunities for U.S. farms and factories, and promises to do more to protect American trade secrets. Still, the Phase 1 agreement ...

US-China pact signing to ease tension but leave much undone

WASHINGTON — After 18 months of economic combat, the United States and China are set to take a step toward peace Wednesday. At least for now. President Donald Trump and China’s chief negotiator, Liu He, are scheduled to sign a modest trade agreement in which the administration will ease ...

US drops designation of China as currency manipulator

WASHINGTON — The Trump administration is dropping its designation of China as a currency manipulator in advance of the signing Wednesday of a Phase 1 U.S.-China trade agreement. The preliminary pact that the two sides are set to sign this week includes a section that’s intended to prevent ...

New Labor Dept. rule clarifies ‘joint employer’ standard

WASHINGTON — The Labor Department issued a final rule Sunday that clarifies when a worker is employed by more than one company, an issue that affects franchise businesses such as McDonald’s and firms that have outsourced services such as cleaning and maintenance. The rule replaces an ...

Boeing papers show employees slid 737 Max problems past FAA

Boeing employees raised doubts among themselves about the safety of the 737 Max, hid problems from federal regulators and ridiculed those responsible for designing and overseeing the jetliner, according to a damning batch of emails and text messages released nearly a year after the aircraft was ...

US courts rule for border walls both public and private

WASHINGTON — Crews could start building a private border wall in South Texas within the coming days following a federal judge’s ruling Thursday that lifted a restraining order against the project. U.S. District Judge Randy Crane’s order was the second federal ruling in two days in favor ...

‘Obamacare’ mandate, ho-hum to consumers

WASHINGTON — The repeal of an unpopular fine for people without health insurance has had little impact on “Obamacare” sign-ups or premiums, a gap between the real world and legal arguments from conservatives again challenging the Affordable Care Act. The 10-year-old law has proved more ...

Sex tech from women-led startups pops up at CES gadget show

LAS VEGAS — Sex tech is gracing the CES gadget show in Las Vegas this week, a year after organizers took fire for revoking an innovation award to a sex device company led by a female founder. CES is allowing space for sex tech companies as a one-year trial. At the show, such companies were ...

The other fake meat: Impossible Foods unveils pork, sausage

ant-based burger, Impossible Foods has something new on its plate. The California-based company unveiled Impossible Pork and Impossible Sausage on Monday evening at the CES gadget show in Las Vegas. It’s Impossible Food’s first foray beyond fake beef. The Impossible Burger, which went on ...

CES gadget show: How watching TV will change in the 2020s

NEW YORK — What will watching TV be like in the 2020s? Amid new gadgets and glitz, the CES tech show in Las Vegas aims to offer some answers, many of which boil down to more streaming and more efforts to glue you to your phone. The show’s keynote addresses, once dominated by computer and ...

Federal Reserve last month saw a declining risk of recession

WASHINGTON — The Federal Reserve’s policymaking committee saw much less risk of recession at its meeting last month, when it kept interest rates steady after three straight cuts and signaled that it expected to keep low rates unchanged through this year. Minutes of the December meeting, ...

Investors could be partying like it’s 1997, but many sat out

NEW YORK — Break out the Spice Girls CDs. That was one of the best years in decades for funds. Funds of all types made money through 2019, from risky ones full of stocks from developing economies to stodgy funds holding only super-safe Treasury bonds. Someone who came into 2019 with their ...

Trump says he’ll sign first-step China trade deal on Jan. 15

WEST PALM BEACH, Fla. — The first phase of a U.S.-China trade agreement will be inked at the White House in mid-January, President Donald Trump announced Tuesday, adding that he will visit Beijing at a later date to open another round of talks aimed at resolving other sticking points in the ...

With births down, U.S. had slowest growth rate in a century

ORLANDO, Fla. — The past year’s population growth rate in the United States was the slowest in a century due to declining births, increasing deaths and the slowdown of international migration, according to figures released Monday by the U.S. Census Bureau. The U.S. grew from 2018 to 2019 ...

Christmas tree growers report good year, despite challenges

HARTFORD, Conn. — While Mother Nature and the lingering effects of recession created challenges for some New England Christmas tree growers and retailers this year, many experienced an early, brisk business, driven in part by growing demand for an all-natural holiday. James Horst, executive ...

Calif law will force small businesses to rethink staffing

NEW YORK — A California law that makes it harder for companies to treat workers as independent contractors takes effect next week, forcing small businesses in and outside the state to rethink their staffing. The law puts tough restrictions on who can be independent contractors or ...

Former Uber CEO Kalanick severs ties with ride-hailing giant

NEW YORK — Former Uber CEO Travis Kalanick is resigning from the board of directors, severing ties to the ride-hailing company that he co-founded a decade ago and ran until a series of scandals led to his downfall. The departure, announced Tuesday, did not come as a surprise. Kalanick ...