Latest Business News

Vatican’s financial 007 leaves amid fallout from police raid

Nov. 18, 2019 2:55 PM EST

VATICAN CITY (AP) — The head of the Vatican’s financial watchdog agency is leaving his post after a raid by Vatican police on the agency’s offices breached the Holy See’s international financial obligations and jeopardized its reputation. Pope Francis thanked Rene Bruelhart for his...

US again extends limited reprieve on tech sales to Huawei

Nov. 18, 2019 2:47 PM EST

The Trump administration has extended for 90 more days a limited reprieve on U.S. technology sales to Huawei. The U.S. government blacklisted the Chinese tech company in May, deeming it a national security risk. That means U.S. firms aren't allowed to sell technology to Huawei without government approval. But...

Auto union opens talks with Fiat Chrysler; strike possible

Nov. 18, 2019 2:47 PM EST

DETROIT (AP) — The United Auto Workers union on Monday turned its bargaining focus to Fiat Chrysler, raising the possibility of another strike against a Detroit automaker. Ford workers ratified their contract Friday night, while the union settled with General Motors last month after a 40-day strike by...

Trump summons Powell to discuss rates amid WH attacks on Fed

Nov. 18, 2019 2:43 PM EST

WASHINGTON (AP) — President Donald Trump summoned Federal Reserve Chairman Jerome Powell to the White House on Monday to discuss the economy and interest rates — issues on which Trump has repeatedly attacked the Fed. The Fed said in a statement that Powell’s message to Trump during their...

Don’t overlook splashy coffee table books as holiday gifts

Nov. 18, 2019 2:36 PM EST

NEW YORK (AP) — Art, architecture, music or travel: Coffee table books can fill just the right gift niche, especially when the cost would be budget-busting if you bought one for yourself. Offerings abound at holiday time. Some suggestions: HOMES: “Architectural Digest: AD at 100, a Century of...

S&P 500 hangs close to record as stocks churn

Nov. 18, 2019 2:32 PM EST

NEW YORK (AP) — U.S. stock indexes hung close to their record levels in afternoon trading on Monday, as markets wait for the next development in trade talks between the United States and China. All three major indexes were nearly unchanged from where they finished Friday, but the seemingly placid moves...

Land affected by Keystone pipeline leak bigger than thought

Nov. 18, 2019 2:31 PM EST

BISMARCK, N.D. (AP) — A crude oil spill from the Keystone pipeline in eastern North Dakota has turned out to have affected almost 10 times the amount of land as first reported, a state regulator said Monday. North Dakota environmental scientist Bill Suess said the leak reported on Oct. 29 is now estimated...

Liz Weston: 5 financial tasks you should tackle by year-end

Nov. 18, 2019 2:18 PM EST

A task without a deadline is just wishful thinking. Sometimes, you can get away with procrastinating. If you never get around to alphabetizing your spices, no one’s life will change. But putting off some tasks could have a huge impact on loved ones. The close of the year is a good time to set some firm...

New and old drugs may offer new ways to fight heart disease

Nov. 18, 2019 2:13 PM EST

PHILADELPHIA (AP) — Novel drugs may offer fresh ways to reduce heart risks beyond the usual medicines to lower cholesterol and blood pressure. One new study found that heart attack survivors benefited from a medicine long used to treat gout. Several experimental drugs also showed early promise for...

Campus under siege as Hong Kong police battle protesters

Nov. 18, 2019 1:38 PM EST

HONG KONG (AP) — Police tightened their siege of a university campus where hundreds of protesters remained trapped overnight Tuesday in the latest dramatic episode in months of protests against growing Chinese control over the semi-autonomous city. In a sign of a fresh escalation for the movement, protests...