BC-Business News Digest
Here are AP Business News’ latest coverage plans, top stories and promotable content. All times EST. For up-to-the minute information on AP’s coverage, visit Coverage Plan at newsroom.ap.org .
TRUMP’S OTHER TRADE WARS _ President Donald Trump’s duels with China over technology, with Mexico and Canada over North American trade and with Europe over auto tariffs have commanded a global spotlight. But his trade warriors are fighting dozens of more obscure battles, too, over laminated woven sacks from Vietnam, olives from Spain and rubber bands from Thailand, among many others. The Trump administration has launched no fewer than 160 investigations into allegations that its trading partners dump products at cut-rate prices or unfairly subsidize their exporters _ a 220% jump from the number of cases the Obama administration pursued in the same time in office. By Paul Wiseman. UPCOMING: 1,070 words by 2 p.m.
CHINA-TRADE _ China vows to “resolutely safeguard” Chinese companies after Washington labeled telecom equipment giant Huawei a security risk and imposed export curbs on U.S. technology sales to the company. By Joe McDonald. SENT: 380 words, photos. UPCOMING: Will be updated.
TRUMP-TELECOM _ In a fateful swipe at telecommunications giant Huawei, the Trump administration issued an executive order Wednesday apparently aimed at banning its equipment from U.S. networks and said it was subjecting the Chinese company to strict export controls. By Frank Bajak and Tali Arbel. SENT: 1,200 words, photos. First moved Wednesday night.
EARNS-WALMART _ Walmart warns that higher tariffs on imports from China will mean higher prices at the low price leader. By Anne D’Innocenzio. SENT: 800 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS _ Stocks are rising early on Wall Street, with investors buoyed by better than expected quarterly results from Walmart and Cisco Systems. SENT: 550 words, photos. UPCOMING: Will be updated through 5 p.m.
OFF THE CHARTS-EARNINGS REVIVAL _ Corporate profits weren’t as bad as analysts forecast in the first three months of the year, and S&P 500 companies may end up reporting no change in earnings when the expectation was for a drop. By Stan Choe. UPCOMING: 450 words by 1 p.m., photos, graphic.
HOME CONSTRUCTION _ U.S. home construction rose in April, led by an uptick in single-family homes. By Paul Wiseman. SENT: 200 words, photo.
MORTGAGE RATES _ Freddie Mac reports on this week’s average U.S. mortgage rates. UPCOMING: 300 words by 11 a.m.
EUROPE-BANKS-FOREX _ European Union regulators have fined five banks a total of more than 1 billion euros ($1.1 billion) for allegedly colluding in the trade of large sums of foreign currency. SENT: 320 words.
TESLA CRASH _ The National Transportation Safety Board says Tesla’s Autopilot semi-autonomous driving system was in use when one of its cars drove beneath a semitrailer in Florida in March, killing the driver. By Tom Krisher. SENT: 130 words. UPCOMING: Will be updated.
NORTHERN CALIFORNIA WILDFIRE _ California lawmakers are expressing skepticism that Pacific Gas & Electric Corp. has made the dramatic changes necessary to prevent another deadly blaze. By Kathleen Ronayne and Janie Har. SENT: 770 words, photos. UPCOMING: Will be updated.
TECHNOLOGY & MEDIA:
MALWARE ATTACKS _ Ten people, including five Russian fugitives, have been charged in connection with malicious software attacks that infected tens of thousands of computers worldwide and caused more than $100 million in financial losses, U.S. and European authorities announce. By Eric Tucker. SENT: 600 words, photo.
THAILAND-NEWSPAPER _ The Nation, one of Thailand’s two English-language dailies, announced Thursday it will stop publishing its print edition by the end of June but will continue with an online version. By Kaweewit Kaewjinda and Tassanee Vejpongsa. SENT: 450 words, photos.
NERDWALLET-FINANCIAL AID DISAPPEARS _ The amount of free money you receive for college may decrease after your freshman year. To hang on to scholarships and grants — and avoid paying more for your education than you expected — understand the terms of your financial aid offer, contact your school’s financial aid office if your income changes and plan ahead for tuition increases. By Ryan Lane of NerdWallet. SENT: 800 words, photos.
SRI LANKA-TOURISM _ Sri Lanka was the Lonely Planet guide’s top travel destination for 2019, but since the Easter attacks on churches and luxury hotels, foreign tourists have fled. By Bharatha Mallawarachi. SENT: 900 words, photos.
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