Money & Markets

Coal tax cut endangers federal black lung fund

COEBURN, Va. — Former coal miner John Robinson’s bills for black lung treatments run $4,000 a month, but the federal fund he depends on to help cover them is being drained of money because of inaction by Congress and the Trump administration. Amid the turmoil of the government shutdown ...

Lyft opens its IPO road show, to offer more than 30M shares

NEW YORK — Lyft officially kicked off the road show for its initial public offering, saying Monday it plans to put more than 30 million shares up for sale with an anticipated price of between $62 and $68 per share. That would raise more than $2 billion for the San Francisco ride-hailing ...

Starbucks CEO sees more stores, faster innovation as key

Starbucks President and CEO Kevin Johnson wants his company to move faster. In China, Starbucks is opening a store every 15 hours as it tries to stay ahead of cheaper competitors. At home, Johnson is creating smaller teams to speed product development. Starbucks’ new Cloud Macchiato was ...

Some lawmakers worry about allowing sports bets on phones

PROVIDENCE, R.I. — For states looking to profit off the new world of legal sports betting, there’s an app for that. The question for state lawmakers: Should they allow it? As state legislatures across the U.S. decide whether to authorize sports gambling, lawmakers are debating whether the ...

Names & Notes

McFarland Clinic welcomes new nurse practitioner McFarland Clinic announced that Carol Barlow, ARNP joined the Marshalltown office in March. Barlow sees patients in Family Medicine at the 312 E. Main St. office. Barlow received her masters of nursing family nurse practitioner from Allen ...

Students globally protest warming, pleading for their future

WASHINGTON — Students across a warming globe pleaded for their lives, future and planet Friday, demanding tough action on climate change. From the South Pacific to the edge of the Arctic Circle, angry students in more than 100 countries walked out of classes to protest what they see as the ...

Chinese lawmakers endorse technology law amid US pressure

BEIJING — Chinese legislators on Friday endorsed a law meant to help end a costly tariff war with Washington by discouraging officials from pressuring foreign companies to hand over technology. The measure is part of an investment law that aims to address complaints by the United States, ...

FAA relents, says it grounded 737 Max jets based on new data

WASHINGTON — As country after country grounded Boeing’s 737 Max jets after a deadly crash Sunday in Ethiopia, U.S. air safety regulators remained resolute in their refusal to do so — until Wednesday. That’s when the Federal Aviation Administration issued an emergency order keeping the ...

New Mexico bill would create first state-run pot shops in US

SANTA FE, N.M. — New Mexico would become the first U.S. state to set up its own government-operated marijuana stores and subsidize medical cannabis for the poor under a bill brokered between Republicans and Democrats, as a new wave of states weighs legislation that would legalize recreational ...

Courtrooms to canola fields: Huawei-US tensions span globe

BEIJING — Chinese tech giant Huawei’s tensions with Washington, which says the telecom equipment maker is a security risk, stretch across four continents from courtrooms to corporate boardrooms to Canadian canola fields. In the latest twist, Huawei Technologies Ltd. is asking a court in ...

As budget deficit balloons, few in Washington seem to care

WASHINGTON — The federal budget deficit is ballooning on President Donald Trump’s watch and few in Washington seem to care. And even if they did, the political dynamics that enabled bipartisan deficit-cutting deals decades ago has disappeared, replaced by bitter partisanship and chronic ...

Biden eyes fundraising challenge amid new sense of urgency

NEW YORK — On the cusp of another White House run, Joe Biden faces a daunting challenge that could complicate his path to the 2020 Democratic presidential nomination: money. Those close to the former vice president believe he would start off at a fundraising disadvantage compared to ...

How the bull market kept running and stampeded the doubters

NEW YORK — The bull market for U.S. stocks turns 10 years old this weekend, which puts it way past senior citizen status for a market run. It’s got the scars to prove it. Since rising from the rubble of the financial crisis in 2009, this bull market has faced several near-death ...

A record-breaking US trade deficit: Does it really matter?

WASHINGTON — The U.S. trade deficit reached its highest sum ever last year, defying President Donald Trump’s efforts and promises to shrink it through his economic policies. The irony is that those policies likely contributed to the deficit. Trump entered office insisting that decades of ...

Mind-altering, ketamine-like drug OK’d for severe depression

WASHINGTON — A mind-altering medication related to the club drug Special K won U.S. approval Tuesday for patients with hard-to-treat depression, the first in a series of long-overlooked substances being reconsidered for severe forms of mental illness. The nasal spray from Johnson & ...

China sets robust growth target to shore up cooling economy

BEIJING — China’s top economic official announced a robust annual growth target and a 7.5 percent rise in military spending on Tuesday as its ceremonial legislature opened a session overshadowed by a tariff war with Washington. In a bid to defuse U.S. and European trade complaints, ...

China considers legal changes on technology to placate US

BEIJING — In an unusual step, China’s ceremonial legislature is due to endorse a law meant to help end a bruising tariff war with Washington by discouraging officials from pressuring foreign companies to hand over technology. The battle with China’s biggest trading partner is ...

Huawei CFO suing Canada, its border agency and the RCMP

TORONTO — An executive of Chinese tech giant Huawei is suing the Canadian government, its border agency and the national police force, saying they detained, searched and interrogated her before telling her she was under arrest. Lawyers for Meng Wanzhou said Sunday they filed a notice of ...

Tesla’s online-only sales approach comes with big risks

DETROIT — When Gary Bornstein spent $52,000 for a Tesla Model 3 last summer, he did it without taking a test drive or even seeing the car that he now owns. The Long Island, New York, financial consultant did his research and ordered the car online, a process that Tesla CEO Elon Musk is ...

Farm loan delinquencies highest in 9 years as prices slump

WICHITA, Kan. — The nation’s farmers are struggling to pay back loans after years of low crop prices and a backlash from foreign buyers over President Donald Trump’s tariffs, with a key government program showing the highest default rate in at least nine years. Many agricultural loans ...