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China slowdown weighs on markets as Trump meets Putin

The Associated Press  |  Posted Jul 16th - 6:09am

A slowdown in Chinese economic growth weighed on global stock markets Monday as investors kept a close watch on a summit U.S. President Donald Trump with Russian President Vladimir Putin.

Bank of America 2Q profits jump 33 percent due to tax law

Ken Sweet, Associated Press  |  Posted Jul 16th - 6:07am

Bank of America's second-quarter profits jumped 33 percent from a year earlier, the company said Monday, as it cut expenses and, like nearly all other big banks, benefited greatly from the new tax law.

Financial forum: Virtual currencies need close monitoring

The Associated Press  |  Posted Jul 16th - 6:02am

An international forum on financial regulation say virtual currencies such as bitcoin do not currently pose a threat to global stability but require "vigilant monitoring" as the market is changing rapidly.

EU wants Airbnb to answer consumer complaints, adapt rules

The Associated Press  |  Posted Jul 16th - 5:56am

The European Union is giving Airbnb until the end of August to answer some EU complaints that the U.S. company's pricing presentation does not meet consumer standards.

China files WTO challenge to US $200B tariff plan

Joe McDonald, Associated Press  |  Posted Jul 16th - 5:32am

China announced it filed a World Trade Organization challenge Monday to President Donald Trump's latest tariff threat, stepping up its diplomatic efforts to counter U.S. pressure in a spiraling technology dispute.

Errant tweet inspires "National Blue Cheese Dressing Day"

The Associated Press  |  Posted Jul 16th - 4:37am

The founder of Buffalo's annual chicken wing festival is offering foodies another reason to indulge — with the creation of National Blue Cheese Dressing Day.

EU official urges Trump, Putin not to destroy global order

Joe McDonald, Associated Press  |  Posted Jul 16th - 4:27am

A senior European official on Monday urged U.S. President Donald Trump, Russian President Vladimir Putin and China to work with Europe to avoid trade wars and prevent conflict and chaos.

Former UK Cabinet secretary seeks new Brexit referendum

The Associated Press  |  Posted Jul 16th - 4:17am

A former Cabinet minister from the ruling Conservative Party has called for the British public to be consulted in a new referendum on whether Britain should leave the European Union.

AP Analysis: Billionaires fuel powerful state charter groups

Sally Ho, Associated Press  |  Posted Jul 16th - 3:59am

Dollar for dollar, the beleaguered movement to bring charter schools to Washington state has had no bigger champion than billionaire Bill Gates.

Activists: Iraqi police arresting protesters in the south

Sinan Salaheddin, Associated Press  |  Posted Jul 16th - 3:37am

Iraqi security forces in the southern oil-rich province of Basra have started arresting protesters who took part in the week-long demonstrations there to demand more jobs and better services, activists said Monday.

China says it has filed a WTO challenge to Washington's threat to raise tariffs on $200 billion of Chinese goods

The Associated Press  |  Posted Jul 16th - 2:30am

China says it has filed a WTO challenge to Washington's threat to raise tariffs on $200 billion of Chinese goods.

Jared Kushner's family firm accused of pushing out tenants

Bernard Condon and Garance Burke, Associated Press  |  Posted Jul 16th - 2:27am

The hammering and drilling began just months after Jared Kushner's family real estate firm bought a converted warehouse apartment building in the hip, Williamsburg section of Brooklyn.

Putin: 25 million cyberattacks thwarted during World Cup

The Associated Press  |  Posted Jul 16th - 1:25am

President Vladimir Putin says Russian and other security services thwarted nearly 25 million cyberattacks linked to the World Cup.

Prime time: A day of deals at Amazon, and at its rivals

The Associated Press  |  Posted Jul 16th - 1:07am

Amazon is extending its annual "Prime Day" promotion to 36 hours this year and will try to lure more deal-seekers to the aisles of Whole Foods. Shoppers will have plenty of sales to choose from as other retailers offer promotions to try to take a share of the spending.

China's economic growth cools amid trade tensions

Joe McDonald, Associated Press  |  Posted Jul 15th - 11:57pm

China's economic growth slowed in the quarter ending in June, adding to challenges for Beijing as its tariff battle with Washington escalates.

Survey of economists: US sales and employment likely to grow

Dee-Ann Durbin, Associated Press  |  Posted Jul 15th - 11:07pm

Most U.S. business economists expect corporate sales to grow over the next three months and hiring and pay to rise with them.

US firm tried to enlist ambassadors to help Russian company

Richard Lardner, Associated Press  |  Posted Jul 15th - 10:29pm

A U.S. lobbying firm sought to recruit the ambassadors of France, Germany and several other countries to demonstrate international support for severing Russian oligarch Oleg Deripaska's control of Rusal, the aluminum manufacturing giant sanctioned by Washington.

Asian shares drift lower as China data, trade cast shadows

Elaine Kurtenbach, Associated Press  |  Posted Jul 15th - 10:27pm

Shares edged lower in Asia early Monday after China reported lackluster growth data in line with expectations. Geopolitical and trade tensions were weighing on sentiment despite gains last week on Wall Street.

Survey of economists: US sales and employment likely to grow

Dee-Ann Durbin, Associated Press  |  Posted Jul 15th - 10:06pm

Most U.S. business economists expect corporate sales to grow over the next three months and hiring and pay to rise with them.

Puerto Ricans cheer return of electricity but remain wary

Danica Coto, Associated Press  |  Posted Jul 15th - 10:05pm

It was finally a night to celebrate in this village tucked into the mountains of central Puerto Rico.