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US consumer confidence hits lowest level since September '17

Paul Wiseman, Associated Press  |  Posted Jun 25th - 8:24am

U.S. consumer confidence dropped to the lowest level since September 2017 as heightened trade tensions apparently took a toll on Americans' spirits.

US new-home sales fell 7.8% in May

Josh Boak, Associated Press  |  Posted Jun 25th - 8:04am

Sales of new U.S. homes slumped 7.8% in May, as sales plunged in the pricier Northeastern and Western markets.

Sales of new U.S. homes slumped 7.8% in May, as sales plunged in the pricier Northeastern and Western markets

The Associated Press  |  Posted Jun 25th - 8:01am

Sales of new U.S. homes slumped 7.8% in May, as sales plunged in the pricier Northeastern and Western markets.

Markets Right Now: Stocks open slightly lower

The Associated Press  |  Posted Jun 25th - 7:50am

The latest on developments in financial markets (all times local):

Bombardier sells CRJ jet program to Mitsubishi for $550M

The Associated Press  |  Posted Jun 25th - 7:36am

Canadian aerospace company Bombardier has announced the sale of its regional jet program to Japan's Mitsubishi Heavy Industries Ltd. for $550 million.

UK to suspend crowd control supplies to Hong Kong

The Associated Press  |  Posted Jun 25th - 7:33am

Britain's foreign secretary says the country will refrain from issuing export licenses for crowd control equipment to Hong Kong unless it addresses human rights concerns.

Tension brews between cities, states over opioid lawsuits

Geoff Mulvihill and Mark Gillispie, Associated Press  |  Posted Jun 25th - 7:18am

Tension is emerging between lawyers representing state and local governments over the path forward in a set of lawsuits seeking to hold the drug industry accountable for the toll of the nation's opioid crisis.

Workshop on US economic plan for Palestinians kicking off

Matthew Lee, Associated Press  |  Posted Jun 25th - 7:09am

Amid heavy skepticism and deep doubts about prospects for success, the Trump administration on Tuesday was convening an international conference to promote its ambitious but harshly criticized $50 billion economic support plan for the Palestinians.

US home price growth slows for 13th straight month in April

Christopher Rugaber, Associated Press  |  Posted Jun 25th - 7:04am

U.S. home price gains slowed for the 13th straight month in April, evidence that weaker demand is keeping prices in check even as mortgage rates fall.

Ethiopian leader sobs at service for murdered military chief

Associated Press  |  Posted Jun 25th - 6:38am

Ethiopia's Prime Minister Abiy Ahmed sobbed openly at a service Tuesday for the military chief who was assassinated by his own bodyguard over the weekend.

Scientists successfully transfer 1st test tube rhino embryo

Frank Jordans, Associated Press  |  Posted Jun 25th - 6:00am

Scientists in Europe said Tuesday they've successfully transferred a test tube rhino embryo back into a female whose eggs were fertilized in vitro, as part of an effort to save another nearly extinct sub-species of the giant horned mammal.

Top Austrian court says Ukrainian oligarch can be sent to US

The Associated Press  |  Posted Jun 25th - 5:34am

Austria's Supreme Court of Justice ruled Tuesday that a Ukrainian oligarch who prosecutors say had business ties to President Donald Trump's ex-campaign manager, Paul Manafort, can be extradited to the United States in a bribery case.

Austria's Supreme Court of Justice rules that Ukrainian businessman Dymitro Firtash can be extradited to the U.S.

The Associated Press  |  Posted Jun 25th - 5:25am

Austria's Supreme Court of Justice rules that Ukrainian businessman Dymitro Firtash can be extradited to the U.S.

A few Hong Kong protesters apologize for disrupting lives

Dake Kang, Associated Press  |  Posted Jun 25th - 5:17am

A small number of Hong Kong protesters handed out flyers and bowed to passers-by Tuesday to apologize for a demonstration that jammed the entrance of a government tax office for nearly two hours the previous day.

AbbVie to buy rival pharmaceutical company Allergan in "transformative" deal valued at $63 billion

The Associated Press  |  Posted Jun 25th - 5:05am

AbbVie to buy rival pharmaceutical company Allergan in "transformative" deal valued at $63 billion.

Palestinians protest Trump's Mideast peace conference

Eyad Moghrabi, Associated Press  |  Posted Jun 25th - 5:01am

Palestinians burned effigies of President Trump and marched a donkey pasted over with images of Gulf royals in the West Bank on Tuesday, as the U.S. prepares to open its conference in Bahrain, which focuses on the economic portion of the White House's long-awaited plan for Mideast peace.

Report: Hackers using telecoms like 'global spy system'

Raphael Satter, Associated Press  |  Posted Jun 25th - 4:27am

An ambitious group of state-backed hackers has been burrowing into telecommunications companies in order to spy on high-profile targets across the world, a U.S. cybersecurity firm said in a report published Tuesday.

China criticizes possible US penalties against banks

Joe McDonald, Associated Press  |  Posted Jun 25th - 4:22am

China on Tuesday criticized Washington's efforts to enforce U.S. law abroad following a news report three Chinese banks might be penalized over dealings with North Korea.

Hong Kong protests signal alarm special freedoms fading

Elaine Kurtenbach, Associated Press  |  Posted Jun 25th - 4:17am

China promised that for 50 years after Britain gave up control of its last colony, this shimmering financial enclave would get to keep freedoms absent in the communist-ruled mainland. Twenty-two years on, those are rights many here believe Hong Kong cannot live without.

Egypt arrests 8, including ex-lawmaker and secular activists

Samy Magdy, Associated Press  |  Posted Jun 25th - 4:06am

Egyptian police arrested at least eight people on Tuesday, including a former lawmaker and key secular activists in the country's 2011 uprising, for their alleged ties to the outlawed Muslim Brotherhood group, authorities said.