BC-Business News Preview
Among the stories Tuesday from The Associated Press:
TRADE-US-CHINA CONFLICT — American companies — exporters as well as importers_- are expected to argue their case to the Trump administration that it should refrain from imposing tariffs on China and thereby risk igniting a full-blown trade war that could threaten the U.S. economy. With signs emerging of a possible thaw in the conflict, China’s top trade official arrives for talks with the administration. By Paul Wiseman. UPCOMING: 800 words by 3:30 p.m.
SMALL BUSINESS-INTEREST RATES — It’s a good news-bad news situation for small businesses when interest rates rise. The Federal Reserve has been gradually raising interest rates because the economy is doing well and a strong economy is great for most businesses. But higher rates will likely increase what it costs for businesses to borrow. A look at what an owner of a small business should do. By Sarah Sell. UPCOMING: 750 words by 10 a.m.
MARKETS & ECONOMY:
FEDERAL RESERVE-VICE CHAIR HEARING — A Senate committee holds a confirmation hearing for Richard Clarida, a Columbia University economist and expert on interest rates, to be vice chairman of the Federal Reserve. The panel is expected to back President Donald Trump’s choice of Clarida, with a vote likely in a few weeks. The committee also takes up the nomination of Michelle Bowman to fill another slot on the Fed’s board as Trump further extends his imprint on the central bank. By Martin Crutsinger. UPCOMING: 130 words after hearing gets under way after 10 a.m., 250 words by noon.
FINANCIAL MARKETS — Stocks are opening moderately lower across the board on Wall Street, led by declines in technology and consumer-focused companies. SENT: 370 words, photos. UPCOMING: 700 words by 5 p.m.
RETAIL SALES — U.S. retail sales rose at a solid pace last month, a sign that consumers may be rebounding from weak spending in the first three months of the year and driving better economic growth. By Christopher Rugaber. SENT: 400 words, photo.
BUILDER SENTIMENT — U.S. homebuilders are feeling more confident about their sales prospects, reflecting strong demand for newly built homes with existing homes in short supply. By Alex Veiga. SENT: 130 words, photo. UPCOMING: 250 words by 10:45 a.m.
SPORTS BETTING-LAS VEGAS — Casino operators in Las Vegas do not expect the U.S. Supreme Court’s decision breaking a longtime ban on sports betting to hurt their business in Sin City. By Regina Garcia Cano. SENT: 880 words, photos, video.
SUPREME COURT-SPORTS BETTING-LEGAL IMPACT — Supreme Court’s decision striking down a federal law over sports betting could signal trouble for the Trump administration in its legal fight against so-called sanctuary states and cities. By Mark Sherman. SENT: 600 words, photos.
CHINA-GAP-APOLOGY — The U.S. clothing retailer Gap apologizes for selling T-shirts with what it says is an incorrect map of China that didn’t include self-ruled Taiwan, in the latest example of corporate kowtowing to Beijing. By Kelvin Chan. SENT: 420 words, photo.
PANTHERS SALE — People familiar with the situation say hedge fund manager David Tepper has agreed to buy the Carolina Panthers from team founder Jerry Richardson for a record $2.2 billion. By Steve Reed. SENT: 130 words. UPCOMING: Will be updated.
WYNN RESORTS-WOMEN’S FORUM — The four female directors of casino operator Wynn Resorts said at a forum that they are committed to helping the company move onto a new chapter following the sexual misconduct scandal that engulfed its founder earlier this year. By Regina Garcia Cano. SENT: 480 words, photos.
MALAYSIA-AIRLINE — Malaysia’s aviation body has protested claims by AirAsia’s chief that it ordered the budget airline to cancel extra low-fare flights in the run-up to last week’s elections. SENT: 130 words.
ELECTRONIC CIGARETTES-ADULTS — One in seven U.S. adults have tried e-cigarettes, an increase in recent years offset by a small decline in the number currently using the devices, a study found. UPCOMING, timing uncertain.
HAWAII-VOLCANO-INSURANCE — Destructive lava prompts worried Hawaii homeowners to ask: Am I covered for volcanos? By Jennifer Sinco Kelleher. SENT: 760 words, photos, audio, video.
HAWAII VOLCANO — People nixing vacations to Hawaii’s Big Island has cost the tourism industry millions of dollars as the top attraction, Kilauea volcano, keeps spewing lava. By Caleb Jones and Sophia Yan. SENT: 700 words, photos, video.
EARNS-HOME DEPOT — Home Depot reported strong first-quarter profits, though sales at comparable stores were dampened by inclement weather and revenue was weaker than expected. SENT: 400 words, photo.
TECHNOLOGY & MEDIA:
UBER-SEXUAL ASSAULT SHIFT — Uber’s ride-hailing service will give its U.S. passengers and drivers more leeway to pursue claims of sexual misconduct, its latest attempt to reverse its reputation for brushing aside bad behavior. By Michael Liedtke. SENT: 490 words, photo.
FACEBOOK SCRUBBING — Facebook believes its policing system is better at scrubbing graphic violence, gratuitous nudity and terrorist propaganda from its social network than it is at removing racist, sexist and other hateful remarks polluting its influential service. SENT: 130 words. UPCOMING: Will be updated.
AMAZON-SEATTLE TAX — Seattle’s largest businesses such as Amazon and Starbucks will have to pay a new tax to help fund homeless services and affordable housing under a measure approved by city leaders. By Phuong Lee. SENT: 890 words, photos. First sent Monday night.
TV-WATCHING THE ROYAL WEDDING — TV and cable networks are clearing hours near Windsor Castle on Saturday to broadcast live from the royal wedding, in case you didn’t get a ticket. UPCOMING.
THAILAND-EDITOR OUSTED — An editor at an English-language newspaper in Thailand says he has been sidelined because he refused to tone down coverage that bluntly criticized the country’s military government. SENT: 290 words, photo.
GERMANY-ECONOMY — German economic growth slowed to 0.3 percent in the first quarter, its weakest performance in more than a year, though analysts largely blame one-time factors like bad weather and expect a rebound. SENT: 370 words, photos.
BRITAIN-ECONOMY — The cost-of-living squeeze that many in Britain have experienced since the country voted to leave the European Union in 2016 eased further in March. By Pan Pylas. SENT: 410 words, photo.
EGYPT-ECONOMY — Egypt’s statistics agency says unemployment has fallen in the first quarter of 2018 to 10.6 percent compared to 11.3 percent in the three months prior. SENT: 130 words.