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...

Business

Fed minutes to detail views on inflation overshoot, yield curve

(c) 2018, Bloomberg. Divisions among Federal Reserve officials over the yield curve and inflation will be under scrutiny on Wednesday when the U.S. central bank releases minutes of its policy meeting at the start of the month. While the Federal Open Market Committee left interest rates unchanged at...


Business

Target: Fiscal 1Q Earnings Snapshot

MINNEAPOLIS (AP) _ Target Corp. (TGT) on Wednesday reported fiscal first-quarter profit of $718 million. The Minneapolis-based company said it had profit of $1.33 per share. Earnings, adjusted for pretax gains and to account for discontinued operations, were $1.32 per share. The results did not...


Business

France's Macron takes on Facebook's Zuckerberg in tech push

Belgium EU Facebook

PARIS (AP) — Facebook CEO Mark Zuckerberg may finally find a friendly face when he meets French President Emmanuel Macron. Or not. Macron is courting Zuckerberg and the leaders of Microsoft, Uber, IBM and dozens of other tech bosses at a conference Wednesday aimed at persuading them to use their...


Business

Can anything stop foreign government favors to Trump?

Trump Businesses Foreign Favors

WASHINGTON (AP) — First came news that a Chinese government-owned company had signed on to help build an Indonesian project that will include a Donald Trump-branded hotel and golf course. Then, days later, the president tweeted that his administration would ease sanctions against a Chinese...


Business

Eurozone economy's slowdown may be longer than expected

Germany Daily Life

LONDON (AP) — A much-anticipated economic pick-up across the 19-country eurozone does not appear to be materializing yet, if one closely-watched survey is anything to go by. Financial information firm IHS Markit said Wednesday that its purchasing managers’ index for the eurozone — a broad gauge of...


Business

Tens of thousands of Las Vegas casino workers OK strike

Las Vegas Casinos Contracts

LAS VEGAS (AP) — Las Vegas casinos could watch tens of thousands of employees walk off the job for the first time in more than three decades after union members voted to authorize a strike at any time starting June 1, a move that could cripple the city’s world-famous resorts. About 25,000 members...


Business

Lowe's first quarter falls flat

Earns Lowes

MOORESVILLE, N.C. (AP) — Lowe’s, which named a new CEO this week, is reporting weak profit and revenue numbers for its first quarter. The Mooresville, North Carolina, company said Wednesday that profits were $988 million, or $1.19 per share. That’s 3 cents shy of Wall Street expectations, according...


World

Thailand to up controls on paraquat, other farm chemicals

Thailand Paraquat

BANGKOK (AP) — The Thai government said Wednesday it will allow continued use of the toxic weed killer paraquat and two other farm chemicals despite mounting concerns over health risks, but plans to tighten controls on how they are utilized. The expert Committee on Hazardous Substances Control...


Business

Bill rolling back Dodd-Frank regulations goes to Trump

Congress Banking

WASHINGTON (AP) — Congress moved to dismantle a chunk of the rules framework for banks, installed to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and foreclosed homes. The House voted 258-159 on Tuesday to approve legislation rolling back the Dodd-Frank law,...


Business

Wyoming makes rush for hyped new tech, results still virtual

Wyoming Digital Currency

CHEYENNE, Wyo. (AP) — Block Chain Gang LLC, Crypto Cowboy, Something Something Blockchain LLC: Based on the names of dozens of new companies registering to set up shop in Wyoming, the state’s effort to lure the latest tech craze appears to be paying off. Proponents say blockchain — the ledger where...


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