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NEW YORK (AP) — Stocks are broadly higher in afternoon trading on Wall Street. Real estate companies and other high-dividend paying stocks are among the big gainers, benefiting from rising bond prices, which pulled bond yields lower. Energy stocks are also rising with the price of crude oil.
WASHINGTON (AP) — The Federal Reserve says the U.S. economy grew at a steady pace in late May and June and hiring was solid, yet the improvements weren't enough to accelerate wage or price growth. The Fed says the economy expanded in 10 of its 12 districts, and grew just slightly in St. Louis and Philadelphia. The anecdotal information in the Fed's survey, known as the Beige Book, will be considered when Fed officials meet July 25-26. The report suggests the economy is still largely healthy and hasn't been disrupted by the four interest rate hikes the Fed has implemented in the last 18 months.
HOUSTON (AP) — If the Trump administration gets its way, all U.S. citizens flying abroad will have to submit to face scans at airport security. Non-immigrant foreigners entering the U.S. currently must submit to fingerprint and photo collection. Congress long ago agreed to extend that to face scans on departure, mostly to keep better track of visa overstays. Now, the Department of Homeland Security says that for the program to work, U.S. citizens must also be scanned. Pilot programs are under way at six U.S. airports.
IOWA CITY, Iowa (AP) — The University of Iowa Hospitals and Clinics says it accidentally posted online the names, admission dates and medical records numbers of around 5,300 current and former patients for two years. The University of Iowa Health Care says that "a limited set of data" was inadvertently saved in unencrypted files posted online through an application development site. A spokesman says an online security expert reported the posting April 29 and the files were deleted two days later. He says the files didn't contain clinical information, Social Security or credit card numbers.
SAN FRANCISCO (AP) — Visa is looking to push more small businesses into updating their digital payment technology. It's offering up to $500,000 to 50 U.S.-based small business owners that are committed to going cashless. To participate in Visa's Cashless Challenge, small business restaurants, cafés or food truck owners will need to describe what cashless means for them, their employees and customers. Businesses that receive the award can use the $10,000 toward upgrading their point-of-sale systems so they are completely cashless.