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Obama-era rule on financial advisers to go forward, for now

Marcy Gordon, Associated Press  |  Posted   May 23rd - 3:58pm

The Trump administration is allowing to go forward an Obama-era rule that puts stricter requirements on professionals who advise retirement savers on their investments. But it's leaving open the possibility that deep changes to the rule will still be made.

AP FACT CHECK: Budget chief slams Obama growth forecast

Josh Boak, Associated Press  |  Posted   May 23rd - 3:58pm

Trump budget director Mick Mulvaney is accusing the former the Obama administration of going overboard in its forecasts for growth.

Hemingway house changes hands, still off limits to public

Keith Ridler, Associated Press  |  Posted   May 23rd - 3:58pm

Ownership of the Idaho house where Ernest Hemingway wrote some of his last works before killing himself in the main entryway in 1961 has changed hands but won't open to the public.

Christie lays out train deal, Cuomo set for 'summer of hell'

Michael Catalini and Deepti Hajela, Associated Press  |  Posted   May 23rd - 3:41pm

Gov. Chris Christie on Tuesday unveiled a plan to limit the impact on New Jersey commuters during an emergency track repair project at Penn Station, while New York Gov. Andrew Cuomo cautioned commuters in his state to prepare for a "summer of hell."

Nokia and Agilent rise; Alexion, Kirkland's fall

The Associated Press  |  Posted   May 23rd - 3:40pm

Stocks that moved substantially or traded heavily Tuesday:

Key benchmarks in President Donald Trump's budget

The Associated Press  |  Posted   May 23rd - 3:40pm

President Donald Trump sent Congress his recommended budget for the coming fiscal year. It includes steep cuts to many programs relied on by the poor, such as Medicaid and food stamps, and greater spending on the military.

UPDATED

Trump budget keeps pledges: Cuts for poor, more for military

Andrew Taylor and Martin Crutsinger, Associated Press  |  Posted   May 23rd - 3:40pm

President Donald Trump fulfilled a major campaign promise Tuesday, proposing a $4.1 trillion budget plan that would upend Washington in a big way. But he drew rebukes, even from some Republican allies, for the plan's jarring, politically unrealistic cuts to the social safety net for the poor and a broad swath of other domestic programs.

Trump envoy Haley tells refugees she cares, but defends cuts

Josh Lederman, Associated Press  |  Posted   May 23rd - 3:40pm

President Donald Trump's U.N. ambassador visited a UNICEF center providing emotional support for Syrian refugee children and asked how the U.S. could better care for their needs. Then her boss proposed ending all U.S. funding to the organization.

California botulism outbreak is rare case of deadly disease

The Associated Press  |  Posted   May 23rd - 3:30pm

A deadly botulism outbreak linked to contaminated nacho-cheese dip sold in a California gas station is a rare case of the disease that can cause paralysis and death.

Google helps advertisers track spending in physical stores

Michael Liedtke, Associated Press  |  Posted   May 23rd - 3:20pm

Google already monitors online shopping — and now it's keeping an eye on physical stores to try to sell more digital advertising.

US says Fiat Chrysler used software to cheat emissions tests

Tom Krisher, Associated Press  |  Posted   May 23rd - 3:20pm

The U.S. government is suing Fiat Chrysler, alleging that some of its diesel pickup trucks and Jeep SUVs cheat on emissions tests.

CFO of Soup Nazi-inspired company indicted on tax charges

Larry Neumeister, Associated Press  |  Posted   May 23rd - 3:20pm

The chief financial officer for a company licensing recipes from the real-life chef who inspired the "Soup Nazi" character on "Seinfeld" was arrested Tuesday on tax charges alleging he cheated the government out of a half-million dollars.

Fox News finds itself in an unaccustomed spot _ out of first

David Bauder, Associated Press  |  Posted   May 23rd - 3:20pm

Fox News Channel has found itself somewhere it has rarely been the past decade — out of first place.

Advocates slam Trump plan to reduce aid for college students

Maria Danilova, Associated Press  |  Posted   May 23rd - 3:20pm

Education advocates say President Donald Trump's budget contradicts his campaign pledge to make college more affordable with its proposed elimination of subsidized student loans and cuts in other programs that help students pay tuition.

Trump's food stamp cuts faces hard sell in Congress

Mary Clare Jalonick, Associated Press  |  Posted   May 23rd - 3:07pm

President Donald Trump's proposal to slash food stamps by a third will be a hard sell in Congress, even as Republicans have tried repeatedly to scale back the program's $70 billion annual cost.

Boston museum doubles reward for stolen artwork to $10M

The Associated Press  |  Posted   May 23rd - 3:07pm

A Boston museum has doubled its reward to $10 million for information that leads to the return of 13 works of art stolen in 1990 in the largest art heist in U.S. history.

Trump proposes $120M budget cut at nuke site despite trouble

Nicholas K. Geranios, Associated Press  |  Posted   May 23rd - 2:47pm

President Donald Trump's proposed budget includes a cut of about $120 million for the Hanford Nuclear Reservation, despite two recent incidents that raised concern about worker safety at the former nuclear weapons production site.

Stocks claw back more lost ground with 4th straight gain

Marley Jay, Associated Press  |  Posted   May 23rd - 2:47pm

U.S. stocks rose for the fourth day in a row Tuesday as they continued to recover the ground they lost last week. Major indexes approached record highs again.

Unsealed records suggest years of abuse for slain Kansas boy

Allison Kite and John Hanna, Associated Press  |  Posted   May 23rd - 2:47pm

Kansas received reports that a boy who ultimately was murdered and fed to pigs was being physically abused years before his death, according to documents released Tuesday that also show a social worker was in contact with his father and stepmother by phone more than a year after the state said it lost physical contact with the family.

Broadway's box office coffers soars but attendance retreats

Mark Kennedy, Associated Press  |  Posted   May 23rd - 2:47pm

On Broadway, there's great financial news to sing about but a sour note amid the flush times: Box offices are enjoying the highest grossing season in history but attendance has dipped after four consecutive seasons of gains.