Related topics

Stocks turn lower..Trump: Could ‘soon’ impose more tariffs on China...Google turns 20

September 7, 2018

NEW YORK (AP) — U.S. stock indexes are falling in afternoon trading after President Donald Trump said he may intensify his trade battle with China. A strong jobs report also pushed investors to prepare for higher interest rates. After bouncing between modest gains and losses in the morning, the S&P 500 was on pace for its fourth straight decline.

WASHINGTON (AP) — President Donald Trump says he could “very soon” impose tariffs on an additional $200 billion in imports from China. Trump told reporters on Air Force One that his plans to slap taxes of up to 25 percent on Chinese imports would depend on the choices made by that country’s leaders. The tariffs would potentially hurt U.S. companies that import everything from handbags to bicycle tires. China has said it’s ready to impose retaliatory tariffs on $60 billion of U.S. goods.

WASHINGTON (AP) — Millions of people covered under the Affordable Care Act will see only modest premium increases next year, and some will actually get price cuts. That’s the conclusion of an exclusive analysis by The Associated Press and the consulting firm Avalere (AV’-uh-leer) Health, which found the average premium increase across 47 states and Washington, D.C., will be 3.6 percent in 2019. In another finding, insurers aren’t bailing out of the ACA marketplaces anymore, and some are coming back.

NEW YORK (AP) — The Wall Street Journal is reporting that Verizon’s media and advertising chief is in talks to leave. Tim Armstrong joined Verizon as part of its purchase of AOL in 2015 and began overseeing Yahoo as well after Verizon bought it in 2017. He was tasked with growing Verizon’s ad business in a challenge to Facebook and Google, but that business has been one of Verizon’s less profitable divisions. Armstrong was one of Google’s early employees and was key to developing its digital ad business before moving to AOL in 2009.

SAN FRANCISCO (AP) — Google is 20 years old today. It started with an initial investment of $100,000. Now Google and its sibling companies operating under the umbrella of Alphabet Inc. are worth $800 billion. The search engine has morphed into a dominating force in smartphones, online video, email, maps and much more. That success now has regulators and lawmakers around the world questioning whether the company has become too powerful as its services vacuum up sensitive information about billions of users.

Update hourly