Business

US, China putting trade war on hold after progress in talks

China US Trade

The world's two biggest economies are pulling back from the brink of a trade war after making...

World

Europe looks for deeds, not words, from Italy's populists

Italy Politics

ROME (AP) — Italy’s premier-designate Giuseppe Conte spent his first day on the job Thursday finalizing his proposed Cabinet list as European officials vowed to judge deeds, not words, from a euroskeptic and populist Italy in their ranks. Conte, a law professor and political unknown, received a...


Business

Truckers' strike leads to fuel shortages in Brazil

Brazil Truckers Protest-2

SAO PAULO (AP) — A strike by Brazilian truckers backed up exports and caused fuel shortages Thursday as the government tried to end the work stoppage before it caused more damage to Latin America’s largest economy. Brazil’s economy runs largely on road transport and the four-day-old strike to...


Business

How major US stock indexes fared Thursday

U.S. stocks finished mostly lower Thursday as energy companies skidded along with oil prices. The market dropped after President Donald Trump said he canceled a meeting with North Korean leader Kim Jong Un, but recovered most of those losses. On Thursday: The S&P 500 index sank 5.53 points, or 0.2...


Business

Cancellation of Korea summit sends stocks on bumpy ride

Financial Markets Wall Street-1

NEW YORK (AP) — U.S. stocks finished mostly lower Thursday as energy companies skidded along with oil prices. The market dropped after President Donald Trump said he canceled a meeting with North Korean leader Kim Jong Un, but recovered most of those losses. Crude oil futures and energy companies...


Business

BC-KX-STOX-Final, KX

New York(AP)Final stocks LastChg. AT&TInc 32.78 +.45 Altria 55.89 +.01 AmerenCp 58.78 +.89 AmElecPow 66.84 +.37 AmExpress 102.01 +.08 ArchDanM 44.81 +.01 AutoZone 636.99+14.90 BPPLC 45.75 — .70 Boeing 359.00 — .21 BristMySq 52.69 +.19 Brunswick 62.40 +.16 CampbSoup 34.34 +.08 Chevron 126.61 —2.09...


Business

Study: Some public pensions funds could run dry in downturn

CHERRY HILL, N.J. (AP) — A new study has more bad news about public pension funds, finding some are at risk of running dry in a slowing economy. In a report released Thursday, researchers at The Pew Charitable Trusts say Kentucky and New Jersey are the most vulnerable based on tests of various...


Business

Gap 1Q profit misses Street estimates

Earns Gap

SAN FRANCISCO (AP) — Gap Inc. says its first-quarter profit missed forecasts, but revenue beat estimates. The San Francisco-based clothing chain earned $164 million, or 42 cents per share, on revenue of $3.78 billion Analysts expected a quarterly profit of 45 cents and revenue of $3.61 billion,...


Business

Officials: Weinstein to surrender in sexual misconduct probe

Sexual Misconduct-Weinstein

NEW YORK (AP) — Law enforcement officials say Harvey Weinstein is expected to surrender to authorities Friday morning to face criminal charges in a months-long investigation into allegations that he sexually assaulted women. The two officials said the criminal case involves allegations by Lucia...


Business

Feds: Uber self-driving SUV saw pedestrian, did not brake

Uber-Autonomous Vehicle

DETROIT (AP) — The autonomous Uber SUV that struck and killed an Arizona pedestrian in March spotted the woman about six seconds before hitting her, but did not stop because the system used to automatically apply brakes in potentially dangerous situations had been disabled, according to federal...


Business

BC-USDA-Mdwst Dly Carlot

NW—LS851 Des Moines, IA Thu May 24, 2018 USDA Market News USDA Carlot Meat 4:00 Summary, Compared to Previous Day Prices in dollars per hundredweight NATIONAL BOXED BEEF CUTOUT LM—XB403 https://www.ams.usda.gov/mnreports/lm—xb403.txt Boxed beef cutout values lower on Choice and steady on Select on...


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