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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • China says will ‘firmly defend’ rights over auto tariffs

    BEIJING (AP) — China says it will “firmly defend” its rights and interests against what it calls the Trump administration’s abuse of national security provisions in trade. The Commerce Ministry’s response Thursday came after the Trump administration launched an investigation into whether tariffs are needed auto imports into the United States. In doing so, Trump […]
  • Business Highlights

    ___ Trump appears to raise new doubts about US-China trade deal WASHINGTON (AP) — President Donald Trump is casting doubt on the prospects for talks that are designed to head off a trade war between the United States and China. He also predicts that automakers and autoworkers would be “very happy” with the outcome of […]
  • Target and Red Robin sink while Lowe’s and Tiffany jump

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday: Target Corp., down $4.30 to $71.17 The retailer’s profit dropped as it made big investments in its business. United Technologies Inc., down 29 cents to $127.58 The maker of elevators, jet engines and other products plans to hire 35,000 people and invest more […]
  • How major US stock indexes fared Wednesday

    U.S. stocks turned higher Wednesday after the Federal Reserve indicated it’s not in a hurry to raise interest rates too quickly. Retailers and technology companies led the way as the market erased some early losses. On Wednesday: The S&P 500 index picked up 8.85 points, or 0.3 percent, to 2,733.29. The Dow Jones industrial average […]
  • Uber valued at about $62B in new offer to buy company stock

    Three investors are looking to buy stakes in Uber in an offer that values the company at $62 billion. The ride-hailing giant said Wednesday the investors want to buy up to $600 million worth of the private company’s stock. They’re offering $40 per share, giving Uber a valuation that’s nearly 30 percent above the $48 […]
  • Uber valued at about $62B in new offer to buy company stock

    Three investors are looking to buy stakes in Uber and have valued the company at $62 billion. The ride-hailing giant said Wednesday the investors want to buy up to $600 million worth of the private company’s stock. They’re offering $40 per share, giving Uber a valuation that’s nearly 30 percent above the $48 billion set […]
  • Turkish central bank raises key rate and helps lift currency

    ANKARA, Turkey (AP) — Under pressure to act, Turkey’s central bank sharply raised its key lending rate Wednesday to try to stem an outflow of capital from the country, control inflation and support the beleaguered currency. The Turkish lira regained some of its value after the bank’s monetary policy committee held an emergency meeting and […]
  • Fed minutes: Another rate hike likely ‘soon’

    WASHINGTON (AP) — Federal Reserve officials earlier this month suggested that another rate hike was on the way soon, while also noting several risks facing the economy, ranging from rising wage pressures to potential harm from the Trump administration’s trade policies. The minutes of the Fed’s May 1-2 meeting released Wednesday showed that officials were […]
  • On the Money: Credit cards to perfect targeting programs

    NEW YORK (AP) — Credit card companies are taking the next step in using their points programs to influence what millions of customers buy, going as far as influencing what color blender you might purchase. American Express is piloting a program that will allow merchants to reward customers for purchasing specific items at their stores, […]
  • Lingering limbo: Businesses uncertain about tax law impact

    NEW YORK (AP) — Many small businesses still don’t know whether they’ll win or lose under the new tax law. Some corporations already know their tax rates are falling, and all businesses can get bigger deductions for equipment purchases. But owners and tax advisers are waiting for the IRS to write regulations and guidelines explaining […]