NEW YORK (AP) — Stock indexes are edging lower in afternoon trading on Wall Street, adding to yesterday’s modest losses. Health care and technology stocks are falling, while energy stocks are rising. A new round of tensions between the U.S. and North Korea helped send bond yields lower, which is weighing on bank shares.
WASHINGTON (AP) — A U.S. trade panel has found that low-cost solar panels imported from China and other countries have caused serious injury to U.S. solar manufacturers. A unanimous vote today by the International Trade Commission sets up the possibility that the Trump administration will impose tariffs that could double the price of solar panels from abroad. The trade commission has until mid-November to recommend a remedy to President Donald Trump, with a final decision on tariffs expected in January.
COLUMBIA, S.C. (AP) — Federal authorities could be looking into a possible fraud case related to companies’ abandonment of a multibillion-dollar nuclear power construction project in South Carolina. That’s according to a former federal prosecutor who reviewed a subpoena issued to one of the co-owners of the scuttled V.C. Summer project. Santee Cooper and SCANA both say they are complying with subpoenas. The companies halted the project July 31.
WILLIAMSBURG, Va. (AP) — Lawmakers and tech industry leaders have announced the completion of a new high-speed data cable that stretches across the Atlantic Ocean. The 4,000-mile cable runs from Bilbao, Spain, to Virginia Beach, Virginia. It’s a joint project of Microsoft, Facebook and global telecommunication company Telxius. Representatives of Facebook and Microsoft joined with Virginia’s governor and two senators in Williamsburg today to celebrate the cable’s completion.
NEW YORK (AP) — Walmart is testing a new service that lets a delivery person walk into your home when you’re not there to drop off packages or put groceries in the fridge. The retailer says the service is for busy families that don’t have time to stop at a store. Walmart is testing it with a small group of tech-savvy shoppers in California’s Silicon Valley who have internet-connected locks. The delivery person is given a one-time code to open the door. Walmart says customers will get an alert on their smartphones when someone enters.