National Business News

RSS

Trump forges ahead in China dispute

Subscriber onlyThe United States and China edged closer Tuesday to triggering a trade war, with President Donald Trump signaling skepticism that talks with China would help end the disagreement. Continue reading...

Trade spat sends stocks tumbling

Investors wary as U.S., China exchange more tariff threats

Subscriber onlyBig industrial and technology companies skidded Tuesday as the trade dispute between the U.S. and China threatened to reach a boil. Smaller companies less focused on overseas trade fared better, as did dividend-paying stocks. Continue reading...

Future of robots now debatable

Reasoning IBM machine takes on humans, sways listeners

Subscriber onlyArtificial intelligence has proved itself adept at some of humanity's favorite games, from chess to the much more complex board game Go. Now, a machine developed by IBM is challenging humans to debates about the future of medicine and the value of physical education. Continue reading...

2 carriers set to end data sales to 2 firms

Subscriber onlyVerizon and AT&T have pledged to stop providing information on phone owners' locations to data brokers, stepping back from a business practice that has drawn criticism for endangering privacy. Continue reading...

Parents fear Rx-pot laws to weaken

Subscriber onlySome American parents who for years have used cannabis to treat severe forms of epilepsy in their children are feeling more cautious than celebratory as U.S. regulators near a decision on whether to approve the first drug derived from the marijuana plant. Continue reading...

Battle brews on ingredient listing

Bid for standard labels seen as diluting consumer safeguards

Subscriber onlyA new bill in Congress is raising the hackles of consumer advocates who say it will give Americans less information about the ingredients in products they buy. Continue reading...

Business news in brief

Subscriber onlyWalgreens parent replaces GE on Dow Continue reading...

U.S. plans new tariffs for China

Subscriber onlyPresident Donald Trump on Monday directed the U.S. trade representative to prepare new tariffs on $200 billion in Chinese imports as the two nations moved closer to a potential trade war. Continue reading...

Experts warn of auto-tariff risks

Higher prices, lower sales forecast if U.S. targets neighbors

Subscriber onlyEvery workday, about 7,400 trucks mostly loaded with automotive parts rumble across the Ambassador Bridge connecting Detroit and Canada, at times snarling traffic along the busy corridor. Continue reading...

Stocks rebound from early slide; indexes finish mixed

Subscriber onlyU.S. stocks shrugged off early losses and wound up with a mixed finish Monday. Household goods companies took some of the worst losses as the S&P 500 index fell for the third time in four days. Continue reading...

Testy hearings seen for nominee to take consumer-unit post

Subscriber onlyKathy Kraninger, a little-known official who has worked for the White House's Office of Management and Budget since March 2017, is poised to succeed her boss Mick Mulvaney as director of the Consumer Financial Protection Bureau. In a Monday statement, the White House formally announced Trump's plans to nominate Kraninger. Continue reading...

Lumber costs sap builders' outlook

June index slips; tariff fallout cited

Subscriber onlySentiment among U.S. homebuilders fell in June to match the lowest level this year, reflecting sharply elevated lumber costs, according to a report Monday from the National Association of Home Builders/Wells Fargo. Continue reading...

Veteran journalist Pearlstine named editor of LA Times

Subscriber onlyLOS ANGELES -- Dr. Patrick Soon-Shiong, the billionaire biotech executive who on Monday officially took ownership of the Los Angeles Times, named Norman Pearlstine as the newspaper's new executive editor as he seeks to restore the newspaper's morale. Continue reading...

Bank bill eases up on pot cash

But legislation doesn’t iron out all wrinkles, lawyers warn

Subscriber only A proposal in Congress to ease the U.S. ban on marijuana could encourage more banks to do business with cannabis companies, but it appears to fall short of a cure-all for an industry that must operate mainly as a cash business in a credit card world. Continue reading...

Amazon Treasure Trucks on move

Offerings range from beef to toys

Subscriber onlyDonna Brunswick drove to a Costco last month to pick up 2 pounds of raw flank steak -- not at the wholesale club, but from a truck in the parking lot. Continue reading...