BC-APFN-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 :
US-CHINA TRADE-ECONOMIC PRESSURES — The Trump administration and China are each facing an increasingly urgent reason to blink in their six-month stare-down over trade: jittery financial markets and portents of economic weakness in both countries. The longer their trade war persists, the longer companies and consumers will feel the pain of higher prices on imports and exports. Yet those pressures, analysts say, could make a resolution to the conflict in the near future potentially more likely. By Paul Wiseman and Joe McDonald. SENT: 1,010 words, photos.
SMALLBIZ-SMALL TALK-WHAT TO EXPECT IN 2019
Small business issues often win bipartisan support on Capitol Hill, but given the divisions in the incoming 116th Congress, advocates for companies have low expectations. By Joyce M. Rosenberg. SENT: 950 words, photos.
— SMALLBIZ-2019-THREE THINGS TO KNOW — Now that the new year is here, small business owners may find themselves trying to understand changes brought about by federal and state laws. Here are three things owners need to know for 2019. By Joyce M. Rosenberg. SENT: 450 words.
FINANCIAL MARKETS — The roller coaster ride on Wall Street resumed on Wednesday, the first trading day of the new year, as stocks plunged in the morning and then climbed their way back by midday. By Marley Jay. SENT: 760 words, photos. UPCOMING: Will be updated, around 700 words by 5 p.m.
TESLA SALES — Shares of electric car and solar panel maker Tesla Inc. tumble after the company cut vehicle prices by $2,000 and announced fourth-quarter sales figures that fell short of Wall Street estimates. By Tom Krisher. SENT: 790 words, photos.
NUCLEAR REACTORS-SOUTH CAROLINA — Dominion Energy announced the completion of its merger on Wednesday with a South Carolina utility drowning in debt after the failure of a nuclear construction project. By Meg Kinnard. SENT: 520 words, photos.
QATAR AIR-CHINA — Qatar Airways says it now holds a 5 percent share in China Southern Airlines, helping expand the Gulf carrier’s reach in one of the world’s fastest growing aviation markets. SENT: 140 words.
TECHNOLOGY & MEDIA:
SAUDI-NETFLIX — Netflix is facing criticism for pulling an episode from viewing in Saudi Arabia of American comedian Hasan Minhaj’s “Patriot Act” that criticized the kingdom’s crown prince. SENT: 590 words, photos.
PODCASTING INMATE — In California, inmates typically are granted parole by doing good deeds or showing they have been rehabilitated by becoming pastors, drug counselors or youth advocates. For Walter “Earlonne” Woods, the path to freedom was podcasting. By Olga R. Rodriguez. SENT: 940 words, photos.
ON THE MONEY-TIPS FOR BUYING SHEETS — A new year calls for new sparkly sheets. But shoppers looking for high-quality sheets without hurting their budget may want to skip the so-called white sales at mass retailers. Startups, including Parachute, Brooklinen, and Boll & Branch, are cutting out middlemen and selling directly to customers online at a fraction of the price it would normally cost at high-end stores. By Anne D’Innocenzio. SENT: 710 words, photos.
BEHIND THE WHEEL-COMMUTER CARS — Americans are commuting farther than ever to the office and campus, and sometimes you just need simple, fuel-efficient transportation that won’t break the bank. Edmunds looks at some top commuter picks that give you the most for the least. By Dan Frio, Edmunds. SENT: 890 words, photos.
ITALY-BANKS — Temporary administrators were appointed to lead Italy’s 10th largest lender, the struggling Carige, as part of a plan to avoid yet another bank bailout in the country. SENT: 400 words.
BRAZIL-BOLSONARO — Brazil’s new president is making it all but impossible for lands of indigenous tribes to be identified and demarcated. SENT: 410 words, photo.
GAZA-FISH PEDICURE — Gaza cafe owner’s business is booming after launching fish pedicure service in beleaguered territory. By Fares Akram. SENT: 530 words, photos.
MONEY & MARKETS SUMMARY:
Tesla shares tumbled after the electric car maker said that it would cut vehicle prices and announced disappointing fourth-quarter sales figures.
Signs of slowdown?
One of the most historically accurate indicators of the U.S. economy’s direction is the weekly count of people seeking unemployment benefits. Claims over 400,000 have been seen as a sign of a recession, but currently stand at barely half that level.
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