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MONEY NEWS FROM THE ASSOCIATED PRESS

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  • Universal Studios opens Beijing park under anti-virus curbs

    BEIJING (AP) — Harry Potter fans came dressed as wizards as Universal Studios opened its first theme park in China on Monday under anti-virus controls, The Hollywood studio’s “Jurassic Park,” “Kung Fu Panda” and “Harry Potter” film franchises, plus Minions from “Despicable Me” feature prominently at Universal Studios Beijing on the Chinese capital’s eastern outskirts. […]
  • The Latest: Virus cases down dramatically in West Virginia

    CHARLESTON, W.Va. — Active coronavirus cases in West Virginia have fallen dramatically in recent days, bringing a hope that the latest surge is at or past its peak, though officials warn that deaths and hospitalizations will continue to swell before dropping. The number of current virus cases statewide fell to 21,490 on Monday, down 28% […]
  • Stocks drop the most since May on worries over China, Fed

    Stocks on Wall Street closed sharply lower Monday, mirroring losses overseas and handing the S&P 500 index its biggest drop in four months. Worries about debt-engorged Chinese property developers — and the damage they could do to investors worldwide if they default — rippled across markets. Investors are also concerned that the U.S. Federal Reserve […]
  • This Week: Fed policy update, Nike earns, new home sales

    A look at some of the key business events and economic indicators upcoming this week: THE FED SPEAKS The Federal Reserve delivers an update on the economy and interest rate policy following a two-day meeting of policymakers Wednesday. Economists had been expecting that the central bank could announce plans after the meeting to begin reducing […]
  • Parents in China laud rule limiting video game time for kids

    Li Zhanguo’s two children, ages 4 and 8, don’t have their own smartphones, but like millions of other Chinese children, they are no strangers to online gaming. “If my children get their hands on our mobile phones or an iPad, and if we don’t closely monitor their screen time, they can play online games for […]
  • France, Australia agree submarine row won’t stop trade deal

    CANBERRA, Australia (AP) — French and Australian officials said Monday that France’s anger over a canceled submarine contract will not derail negotiations on an Australia-European Union free trade deal. France withdrew its ambassadors to the United States and Australia after U.S. President Joe Biden revealed last week a new tripartite alliance including Australia and Britain […]
  • Hong Kong shares lead Asia lower; Tokyo and Shanghai closed

    Shares fell more than 3% in Hong Kong on Monday in holiday-thinned trading in Asia, with other big markets in Tokyo and Shanghai closed. Other regional benchmarks also fell after Wall Street wrapped up last week with another decline. Investors are watching to see whether the Federal Reserve will take any action to address the […]
  • The Latest: Health official: Booster use may be expanded

    WASHINGTON — The National Institutes of Health director says a government advisory panel’s decision to limit Pfizer COVID-19 booster shots to Americans 65 and older as well as those at high risk of severe disease is a preliminary step and predicts broader approval for most Americans “in the next few weeks.” Dr. Francis Collins told […]
  • UK’s Johnson to urge climate action over 4-day trip to US

    LONDON (AP) — British Prime Minister Boris Johnson was travelling to the United States on Sunday with senior Cabinet officials to urge world leaders attending the U.N. General Assembly to take urgent action on climate change ahead of this fall’s COP26 climate summit in Scotland. Johnson is set to co-host a meeting on climate change […]
  • France’s Macron to talk to Biden amid crisis over submarines

    PARIS (AP) — French President Emmanuel Macron will speak in the coming days with President Joe Biden in their first contact since a major diplomatic crisis erupted between France and the United States over a submarine deal with Australia, an official said Sunday. The phone call is at the request of Biden, government spokesman Gabriel […]