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Business

‘Nothing-burger’: US-China truce leaves big issues for later

WASHINGTON (AP) — President Donald Trump heralded a breakthrough in U.S.-China trade talks, and markets rallied in relief over a de-escalation in tensions between the world’s two biggest economies. But closer inspection suggests there isn’t much substance, at least not yet, to the ...

Stocks rise on trade progress, S&P 500 notches weekly gain

The S&P 500 finished with its first weekly gain in four weeks Friday as investors welcomed a thaw in the punishing trade war between the U.S. and China. After two days of negotiations in Washington, the U.S. agreed to suspend a planned hike in tariffs on $250 billion of Chinese goods that ...

US suspends plans to hike tariffs Tuesday on Chinese imports

WASHINGTON (AP) — The Trump administration is suspending a tariff hike on $250 billion in Chinese imports that was set to take effect Tuesday, and China agreed to buy $40 billion to $50 billion in U.S. farm products as the world’s two biggest economies reached a cease-fire in their 15-month ...

US stocks notch solid gains as job report allays worries

Wall Street ended a choppy week of trading with a broad rally that drove the Dow Jones Industrial Average more than 370 points higher. The gains Friday also gave the S&P 500 index its best day in seven weeks, though the benchmark index still finished with its third straight weekly ...

Crusading tech mogul aims to prove CEOs can be activists too

SAN FRANCISCO (AP) — Salesforce founder Marc Benioff oversees a $130 billion software empire from a 62-story skyscraper that towers above everything else in San Francisco. But he sits uneasily in his lofty perch because of a worsening economic divide on the streets down below, where the ...

Europeans keep out hope for discussion with US over tariffs

BERLIN (AP) — European officials said Friday they hope to engage the U.S. in talks on the new tariffs it has imposed on the EU, but are ready to respond with taxes on American goods if needed. German Foreign Minister Heiko Maas said that the U.S. government is “going down the path of ...

UAW talks with other ‘Big 3’ companies

DETROIT (AP) — If General Motors and the United Auto Workers ever settle their contract dispute, there are signs that Fiat Chrysler and Ford could reach deals with the union quickly. UAW Vice President Cindy Estrada says in a letter to members Friday that some committees are close to ...

US stocks fall; S&P 500 ends with 2nd straight weekly loss

Wall Street capped a choppy week with a second straight weekly loss for the S&P 500 Friday as worries about a potential escalation in the trade war between the U.S. and China erased early gains. Technology companies led the broad slide as investors weighed a report saying the Trump ...

Fresh US-China trade worries erase early gains for stocks

Wall Street closed out a volatile week with losses Friday as investors worried that upcoming trade talks aimed at resolving the costly trade war between Washington and Beijing could be in trouble. The selling, which erased modest early gains for the market, snapped a three-week win streak for ...