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Money & Markets

Trump, Xi to talk trade as economic titans jockey for edge

OSAKA, Japan — A trade war between two economic titans will face a critical junction Saturday, when President Donald Trump meets China’s Xi Jinping at a moment when both sides are signaling a desire to de-escalate the year-long conflict, yet seem unwilling to compromise. The meeting, ...

US economy grew at solid 3.1% rate in first quarter

WASHINGTON — The U.S. economy grew at a healthy 3.1% rate in the first three months of this year, but signs are mounting that growth has slowed sharply in the current quarter amid slower global growth and a confidence-shaking trade battle between the United States and China. The gain in the ...

Wayfair workers protest furniture sale to contractor of detention center

BOSTON — Employees at online home furnishings retailer Wayfair walked out Wednesday to protest the company’s decision to sell $200,000 worth of furniture to a government contractor that runs a detention center for migrant children in Texas. The protest triggered a broader backlash ...

House passes emergency funding bill for migrant care crisis

WASHINGTON — It took last-minute changes and a full-court press by top Democratic leaders, but the House passed with relative ease Tuesday a $4.5 billion emergency border aid package to care for thousands of migrant families and unaccompanied children detained after crossing the U.S.-Mexico ...

High court strikes down ‘scandalous’ part of trademark law

WASHINGTON — The Supreme Court struck down a section of federal law Monday that prevented businesses from registering trademarks seen as scandalous or immoral, handing a victory to California fashion brand FUCT. The high court ruled that the century-old provision is an unconstitutional ...

States’ push to legalize sports betting differs by region

CHERRY HILL, N.J. — In the year since the U.S. Supreme Court cleared the way for every state to legalize sports betting , a regional divide has opened as states decide whether to expand their gambling options. By year’s end, legalization is possible in a dozen states in the Northeast and ...

Too rosy? Experts question Warren’s wealth tax figures

WASHINGTON — The ambitious scope of Elizabeth Warren’s push to rethink how America tackles issues such as health care, technology and education has energized her presidential campaign — and spurred questions about how she would deliver on her promises. At the heart of Warren’s raft of ...

Walmart to pay $282 million over foreign corruption charges

ALEXANDRIA, Va. — Walmart agreed Thursday to pay $282 million to settle federal allegations of overseas corruption, including funneling more than $500,000 to an intermediary in Brazil who was known as a “sorceress” for her uncanny ability to make construction permit problems ...

Mexico’s Senate approves trade deal with US, Canada

MEXICO CITY — Mexico’s Senate voted overwhelmingly Wednesday to ratify a new free trade agreement with the United States and Canada, making it the first of the three countries to gain legislative approval. Mexico’s upper chamber voted 114 to four with three abstentions in favor of the ...

Facebook plans its own currency for 2 billion-plus users

SAN FRANCISCO — Facebook already rules daily communication for more than 2 billion people around the world. Now it wants its own currency, too. The social network unveiled an ambitious plan Tuesday to create a new digital currency similar to Bitcoin for global use, one that could drive more ...

Climate talks held as Arctic ice melts, concerns grow

BERLIN — Diplomats and climate experts gathered Monday in Germany for U.N.-hosted talks on climate change amid growing public pressure for governments to act faster against global warming. Officials meeting in the western city of Bonn for the June 17-27 talks are focusing on resolving ...

Trump blames Iran for tanker attacks but calls for talks

WASHINGTON — President Donald Trump on Friday blamed Iran for attacks on oil tankers near the strategic Strait of Hormuz, but he also held out hope that implicit U.S. threats to use force will yield talks with the Islamic Republic as the Pentagon considers beefing up defenses in the Persian ...

Pelosi: No debt increase until spending limits are raised

WASHINGTON — Speaker Nancy Pelosi said Thursday that the Democratic-controlled House won’t pass must-do legislation to increase the government’s borrowing cap until the Trump administration agrees to boost spending limits on domestic programs. The California Democrat said she’ll agree ...

Experts: Spy used AI-generated face to connect with targets

LONDON — Katie Jones sure seemed plugged into the Washington’s political scene. The 30-something redhead boasted a job at a top think tank and a who’s-who network of pundits and experts, from the centrist Brookings Institution to the right-wing Heritage Foundation. She was connected to a ...

AP analysis: Medical pot takes hit when weed legal for all

PORTLAND, Ore. — When states legalize pot for all adults, long-standing medical marijuana programs take a big hit, in some cases losing more than half their registered patients in just a few years, according to a data analysis by The Associated Press. Much of the decline comes from consumers ...

G-20 finance officials pledge to protect global growth

FUKUOKA, Japan — Finance ministers and central bank chiefs from the Group of 20 major economies wrapped up a meeting in Japan on Sunday with a pledge to use all the policies they can to protect global growth from disruptions due to trade and other tensions. The G-20 finance leaders said in ...

China may restrict tech access in spiraling US trade dispute

BEIJING — China is creating a system to protect its technology, according to state media, as the U.S. restricts the access of Chinese companies to American technology in a spiraling trade dispute. The People’s Daily newspaper said Sunday that the system will build a strong firewall to ...

Barnes & Noble, with sales falling, is sold to hedge fund

Barnes & Noble is being acquired by a hedge fund for $476 million and will be taken private. The national chain that many blamed for the demise of independent bookstores has been ravaged by Amazon.com and other online sellers, but remains a critical outlet for publishers. On Friday, it ...

US and Mexico: More talks, no deal yet to avert tariffs

WASHINGTON — Ending a second day of tense negotiations, U.S. and Mexican officials failed Thursday to reach a deal to avert import tariffs that President Donald Trump is threatening to impose as he tries to strong-arm Mexico into stemming the flow of Central American migrants across ...

Bernie Sanders urges Walmart board to pay workers more

NEW YORK — Bernie Sanders took his latest fight against corporate America to Walmart’s home turf. The Vermont senator and 2020 Democratic presidential contender lambasted Walmart leaders including its CEO on Wednesday for paying workers what he believes are “starvation wages” and ...