BC-APFN-Business News Preview
Among the stories Tuesday from The Associated Press:
FED-3 THING TO WATCH FOR — There isn’t much suspense surrounding what the Federal Reserve will announce when its latest policy meeting ends Wednesday: That it’s raising its key short-term interest rate for the second time this year. But financial markets will be keen for hints — in a statement the Fed will issue, in its updated economic forecasts and in a news conference by Chairman Jerome Powell -- of how fast it may raise rates again in the coming months and how it’s assessing the impact of growing global trade tensions. Here are three things to watch for after the Fed’s meeting ends. By Martin Crutsinger. UPCOMING: 800 words by 1 p.m.
AT&T-TIME WARNER-ANTITRUST — The judge presiding over the government’s legal effort to block AT&T’s purchase of Time Warner will likely deliver his verdict on Tuesday, potentially opening a new era of antitrust enforcement - or maybe just paving the way for an onrush of media consolidation. By Marcy Gordon and Mae Anderson. SENT: 800 words. UPCOMING: Will be updated with court ruling, expected around 4 p.m.
KUDLOW — Larry Kudlow, the prominent economic commentator who joined the Trump administration this year as the president’s top economic adviser, has suffered a “very mild” heart attack, the White House said Monday night. By Jonathan Lemire. SENT: 440 words, photos. First moved late Monday.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are opening slightly higher after the conclusion President Donald Trump’s meeting with Kim Jong Un of North Korea. SENT: 130 words, photo. UPCOMING: Will be updated through 5 p.m.
CONSUMER PRICES — U.S. consumer prices rose 0.2 percent in May, with surging gasoline costs driving much of the increase. By Josh Boak. SENT: 230 words, photos.
BUDGET DEFICIT — The Treasury Department releases federal budget data for May. By Martin Crutsinger. UPCOMING: 130 words after release of report at 2 p.m. 250 words by 2:45 p.m.
CHARITABLE GIVING — Fueled by a surging stock and huge gifts from billionaires, charitable giving in the United States in 2017 topped the $400 billion mark for the first time, according to the latest comprehensive report on Americans’ giving patterns.
PUERTO RICO-SCHOOL CLOSURES — Plans to shutter 265 public schools across Puerto Rico have been temporarily derailed with a judge’s order to stop the closure of at least nine institutions and his recommendation that other judges do the same in lawsuits still pending on other school closures. By Danica Coto. SENT: 350 words.
SOC--WCUP-THE JERSEYS — Spain, your asymmetry is showing. Nigeria, you’re so bright I need shades! Croatia, Russia’s fresh out of Big Boy restaurants. Those three countries and a few more are among the more festive standouts in jerseys this time around, with loads of sentimental touches in the designs of the 32 shirts rolled out over the last few months. By Leanne Italie. UPCOMING: 1,100 words, photos by 3 a.m.
RUSSIA WC MERCHANDISE — A look at the mass of merchandise - official and unofficial - being produced for fans attending the World Cup, from flags, to mugs to more expensive articles. UPCOMING.
CHINA-AUTO SALES — China’s auto sales rose 7.9 percent in May from a year earlier as purchases of electric and gasoline-electric hybrid vehicles more than doubled to 102,000, an industry group reports. SENT: 370 words.
TECHNOLOGY & MEDIA:
AMAZON-SEATTLE TAX — Seattle leaders say they plan to repeal a tax on large companies such as Amazon and Starbucks as they face mounting pressure from businesses. By Phuong Le. SENT: 750 words, photos. UPCOMING: Will be updated following 3 p.m. vote.
ISRAEL-NETANYAHU — Israeli police are questioning Prime Minister Benjamin Netanyahu as part of an investigation into a corruption case involving the country’s telecom giant. SENT: 150 words, photos.
VIETNAM-CYBERSECURITY LAW — Vietnamese legislators approve a cybersecurity law critics say will hurt the economy and stifle free expression. SENT: 630 words.
DUBAI-MONEY LAUNDERING — War profiteers, terror financiers and drug traffickers sanctioned by the U.S. in recent years have used Dubai’s real-estate market as a haven for their assets, a new report alleges. By Jon Gambrell. SENT: 1,100 words, photos, video.
BREXIT — A junior member of Prime Minister Theresa May’s government resigned Tuesday over Brexit, emboldening pro-EU lawmakers ahead of key votes in Parliament on Britain’s departure from the European Union. By Jill Lawless and Danica Kirka. SENT: 690 words, photos.