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Modest stock gains...Net neutrality rollback impact...Trump hotel challenge

June 11, 2018

NEW YORK (AP) — U.S. and global markets rose modestly on Monday, as investors made preparations for President Donald Trump’s meeting with North Korean leader Kim Jong Un in Singapore. The Dow rose 5.78 points. The S&P rose 2.97 points and the Nasdaq rose 14.41 points. Investors spent most of Monday waiting for Tuesday’s meeting between Trump and Kim, aimed at settling a standoff over the North’s nuclear arsenal.

NEW YORK (AP) — Monday’s formal repeal of Obama-era internet protections could eventually start to change Americans’ ability to watch and use apps and services. The repeal takes effect six months after the FCC voted to undo “net neutrality” rules. Those guidelines had barred broadband and cellphone companies from favoring their own services and discriminating against rivals such as Netflix.

SEATTLE (AP) — Seattle city leaders say they will work to repeal a tax on large businesses just one month after unanimously approving the measure to help pay for affordable housing and homeless services. Mayor Jenny Durkan and seven of nine councilmembers said in a joint statement that “it is clear that the ordinance will lead to a prolonged, expensive political fight over the next five months that will do nothing to tackle our urgent housing and homelessness crisis.”

GREENBELT, Md. (AP) — Lawyers for Maryland and the District of Columbia accused President Donald Trump in federal court Monday of “profiting on an unprecedented scale” from foreign government interests using his Washington, D.C., hotel, but a Justice Department lawyer insisted Trump isn’t breaking the law because he provided no favors in return.

NEW YORK (AP) — Eric Trump says his family’s golf operations are doing “spectacularly” as he cut the ribbon Monday on a new clubhouse at the course in the Bronx borough of New York City. It is one of several Trump courses that available statistics show may be experiencing tough times. City data show revenue at the course fell 7 percent last year. Greens fees also fell last year at Trump’s Los Angeles course, and his two Scottish resorts and one in Ireland posted losses in 2016, the latest year available.

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