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BC-Business News Digest

May 28, 2019

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 .

TOP STORIES:

Only on AP:

CHINA-TOURISM _ After more than a decade of rapid growth, Chinese travel to the U.S. is falling. And that has cities, malls and other tourist spots scrambling to reverse the trend. By Dee-Ann Durbin. SENT: 1,100 words, photos.

TECHNOLOGY-RESHAPING RAMADAN _ The holy month of Ramadan is not only the most important month of the year for Muslims, it’s also the prime time for advertisers. People in the Middle East spend close to 58 million more hours on Facebook during Ramadan. They watch more YouTube videos than any other time of year. By Aya Batrawy. SENT: 1,000 words, photos.

MACKENZIE BEZOS-GIVING PLEDGE _ MacKenzie Bezos is pledging half her fortune to charity, following in the footsteps of billionaires Warren Buffett and Bill Gates. SENT: 130 words, photo.

MARKETS & ECONOMY:

FINANCIAL MARKETS _ U.S. stocks edge higher on Wall Street, picking up where they left off before the long holiday weekend. By Damian J. Troise. SENT: 480 words, photos. UPCOMING: Will be updated through 5 p.m.

CONSUMER CONFIDENCE _ American consumers felt more confident this month, shrugging off a rocky stock market and heightened trade tensions between the United States and China. By Paul Wiseman. SENT: 130 words, photos. UPCOMING: Will be updated.

HOME PRICES _ U.S. home prices rose at the slowest pace in more than six years in March, a sign weaker sales are keeping a lid on price increases. By Christopher Rugaber. SENT: 350 words, photo.

INDUSTRY:

GLOBAL PAYMENTS-TOTAL SYSTEM SERVICES _Global Payments will buy Total System Services in an all-stock deal valued at $21.5 billion, the third major acquisition in the payment technology sector this year. SENT: 380 words, photo.

FIAT CHRYSLER-RENAULT _ A merger between Renault and Fiat Chrysler will only happen if French jobs are protected, France’s finance minister says. SENT: 220 words, photos.

DENMARK-SAS-STRIKE _ Scandinavian Airlines says that a six-day pilot strike that led to the cancellation of 4,000 flights and affected more than 370,000 passengers cost 650 million kronor ($68 million).

PERSONAL FINANCE:

NERDWALLET-MILLENNIAL MONEY-OPTIMIZER GUILT _ Often the best way to make some money decisions is to choose an option that’s good enough, then get on with your life. Target-date retirement funds, flat-rate cash-back credit cards and 529 college savings plans are just some of the products you can use to make a decision that starts building your assets now, rather than waiting to compare every possibility. By Gregory Karp of NerdWallet. UPCOMING: 800 words, photo.

INTERNATIONAL:

UN-NKOREA-RIGHTS VIOLATIONS _ North Koreans working in hundreds of thriving markets that sprung up with the failure of the country’s public system for distributing basic goods are often abused and forced to resort to bribery to survive, according to a U.N. report. By Hyung-Jin Kim. SENT: 540 words, photos.

Business News Supervisor Richard Jacobsen (800-845-8450, ext. 1680). For photos (ext. 1900.) For graphics/interactives (ext. 7636.) For access to AP Newsroom and technical issues: customersupport@ap.org, or 877-836-9477. Questions about transmission of financial market listings, call 800-3AP-STOX.

The digest for AP’s Money & Markets service can be found at markets.ap.org. For questions about M&M content, contact Greg Keller at (212) 621-7958.

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