Stocks tumble on trade fears; S&P has worst week in 2 years

Financial Markets

NEW YORK (AP) — Stocks around the world plunged Friday as investors feared that a trade conflict between the U.S. and China, the biggest economies in the world, would escalate. A second day of big losses pushed U.S. stocks to their worst week in two years. Investors fear that if China responds in...


Trump signs $1.3 trillion budget after threatening veto

APTOPIX Budget Battle-1

WASHINGTON (AP) — President Donald Trump grudgingly signed a $1.3 trillion federal spending measure Friday and averted a midnight government shutdown — but only after undercutting his own negotiators and setting off a mini-panic with a last-minute veto threat. The episode further eroded the already...


Indictment: Waterslide in fatal accident was 'deadly weapon'

Water Park Fatality Charge

KANSAS CITY, Mo. (AP) — A Kansas waterslide hyped as the world’s highest was a “deadly weapon” that had already injured more than a dozen people before a 10-year-old boy was decapitated on it in 2016, according to a grand jury indictment unsealed Friday that charges the water park operator and an...


Wayne Huizenga, who went from trash to billions, dies at 80

Obit Wayne Huizenga

MIAMI (AP) — College dropout Wayne Huizenga started with a trash hauling company, struck gold during America’s brief love affair with VHS tapes and eventually owned three professional sports teams. Huizenga owned Blockbuster Entertainment, AutoNation and the world’s largest trash hauler, and was...


US stocks slip as trade war rhetoric escalates

(c) 2018, The Washington Post. U..S. stock markets ended their worst week in more than two years on Friday after China threatened to respond in kind to President Donald Trump’s imposition of $60 billion in tariffs on Chinese imports. The Dow Jones industrial average plummeted in the last hours of a...


Stocks tumble in biggest weekly decline since 2016

(c) 2018, Bloomberg. U.S. stocks tumbled, sending the S&P 500 Index to its biggest weekly loss in more than two years, on concern that a trade war and higher borrowing rates could throttle global growth. Oil surged on speculation sanctions on Iran will be re-imposed. The Dow Jones Industrial...


The Latest: Ryan urged Trump to sign bill after veto threat

Trump Budget Battle-5

WASHINGTON (AP) — The Latest on the $1.3 trillion spending bill (all times local): 5:05 p.m. House Speaker Paul Ryan encouraged President Donald Trump to sign the big spending bill into law in a call early Friday, shortly after the president tweeted he might veto it, according to a source granted...


Financial Markets Glance

Dow Jones Industrials High: 24,108.47 Low: 23,509.06 Close: 23,533.20 Change: —424.69 Other Indexes Standard&Poors 500 Index: 2588.26 —55.43 NYSE Index: 12,177.70 —199.69 Nasdaq Composite Index: 6992.67 —174.01 NYSE Amer Composite: 2435.34 —20.85 Russell 2000 Index: 1510.08 —33.79 Wilshire 5000...


Trade war rips through farm world; soybean, hog prices fall

(c) 2018, Bloomberg. Soybean and hog futures fell after China slapped reciprocal tariffs on U.S. imports, putting commodities in the crossfire of an escalating trade war. Included in China’s 128-item hit list are steel products, ethanol, almonds, fresh and dried fruits, and ginseng. The world’s...


A Virginia retailer built a $33 million business on Amazon and pickleball

(c) 2018, The Washington Post. Little Alexandria, Virginia-based Amify is the 21st-century version of the thousands of enterprises that thrived around the railroads 150 years ago. Meatpackers, farmers and mail-order retailer Montgomery Ward are just a few examples of businesses that reached...

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