Money & Markets

Hiring surge lifts economy – and Trump’s re-election chances

NEW YORK — The lowest unemployment rate in a half century. More than 260,000 new jobs. And higher hourly wages. “I’ll be running on the economy,” President Donald Trump declared on Friday. And why wouldn’t he? The day’s new round of sunny employment figures offered fresh ...

Car-sharing apps’ rising US popularity fuels tax debate

PHOENIX — When Chris Williamson was in the market for a new family car, a timely ad and conversations with a co-worker convinced him to try something out of the ordinary. He bought a BMW 3 Series convertible and covers the payments by renting it to strangers on a peer-to-peer car sharing app ...

California inches toward 40M people, but growth rate slows

SACRAMENTO, Calif. — California had its slowest recorded growth rate in its history last year as the country’s most populous state was hit by a slowdown in immigration and a sharp decline of births. Estimates released Wednesday show California had 39.9 million people as of Jan. 1, adding ...

Dreams of ubiquitous social robots still aren’t coming true

Hopes that the tech industry was on the cusp of rolling personal robots into homes are dimming now that several once-promising consumer robotics companies have shut down. The latest casualty was San Francisco startup Anki, maker of the playful toy robot Cozmo, which upon its release in 2016 ...

Marriott plans to expand further into home-sharing

Marriott is pushing more heavily into home-sharing, confident that its combination of luxury properties and loyalty points can lure travelers away from rivals like Airbnb. The world’s biggest hotel company will start taking reservations this week for 2,000 homes in 100 markets in the U.S., ...

Trump tells NRA he’s withdrawing from arms trade treaty

INDIANAPOLIS — In a largely symbolic gesture to a group that helped him win the White House, President Donald Trump said Friday he is pulling the U.S. back from an international agreement on the arms trade, telling the National Rifle Association the treaty is “badly misguided.” Trump ...

Amazon to bring one-day delivery to Prime members

NEW YORK — Two-day delivery is going out of style. Amazon, which hooked shoppers on getting just about anything delivered in two days, announced Thursday that it will soon promise one-day delivery for its U.S. Prime members on most items. The company hopes that cutting delivery times in ...

Facebook anticipates an FTC privacy fine of up to $5 billion

SAN FRANCISCO — Facebook said it expects a fine of up to $5 billion from the Federal Trade Commission, which is investigating whether the social network violated its users’ privacy. The company set aside $3 billion in its quarterly earnings report Wednesday as a contingency against the ...

US expands probe into air bag failures to 12.3M vehicles

DETROIT — U.S. auto safety regulators have expanded an investigation into malfunctioning air bag controls to include 12.3 million vehicles because the bags may not inflate in a crash. The problem could be responsible for as many as eight deaths. Vehicles made by Toyota, Honda, Kia, ...

Coming to store shelves: cameras that guess your age and sex

NEW YORK — Eyeing that can of soda in the supermarket cooler? Or maybe you’re craving a pint of ice cream? A camera could be watching you. But it’s not there to see if you’re stealing. These cameras want to get to know you and what you’re buying. It’s a new technology being ...

Medicare, Social Security face shaky fiscal futures

WASHINGTON — The financial condition of the government’s bedrock retirement programs for middle- and working-class Americans remains shaky, with Medicare pointed toward insolvency by 2026, according to a report Monday by the government’s overseers of Medicare and Social Security. It ...

US to sanction nations for importing Iranian oil

WASHINGTON — The Trump administration is poised to tell five nations, including allies Japan, South Korea and Turkey, that they will no longer be exempt from U.S. sanctions if they continue to import oil from Iran, officials said Sunday. Secretary of State Mike Pompeo plans to announce on ...

Food stamps and online grocery shopping are about to mix

NEW YORK — Amazon and Walmart on Thursday kicked off a two-year government pilot program allowing low-income shoppers on government food assistance in New York to shop and pay for their groceries online for the first time. ShopRite will join the two retailers on the program early next week, ...

Trump cracks down on Cuba, Nicaragua and Venezuela

CORAL GABLES, Fla. — The Trump administration on Wednesday intensified its crackdown on Cuba, Nicaragua and Venezuela, rolling back Obama administration policy and announcing new restrictions and sanctions against the three countries whose leaders national security adviser John Bolton dubbed ...

Netflix adds 9.6M subscribers in 1Q as competition heats up

SAN FRANCISCO — Netflix kicked off the year with the biggest subscriber gains in the history of its video-streaming service, but it still managed to disappoint investors by forecasting a springtime slowdown. The strong first-quarter performance coincided with Netflix’s biggest U.S. price ...

Electric car makers woo Chinese buyers with range, features

SHANGHAI — Automakers are showcasing electric SUVs and sedans with more driving range and luxury features at the Shanghai auto show, trying to appeal to Chinese buyers in their biggest market as Beijing slashes subsidies that have propelled demand. Communist leaders wanting China to lead in ...

Study finds diabetes drug may prevent, slow kidney disease

A drug that’s used to help control blood sugar in people with diabetes has now been shown to help prevent or slow kidney disease, which causes millions of deaths each year and requires hundreds of thousands of people to use dialysis to stay alive. Doctors say it’s hard to overstate the ...

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 ...