BC-APFN-Business News Preview
Among the stories Tuesday from The Associated Press:
FED-5 THINGS TO WATCH FOR — The Federal Reserve is poised Wednesday to raise its key interest rate for the fourth time this year. But beyond that, the Fed’s plans are shrouded in uncertainty. Any clarity it provides could come in a policy statement, in updated economic and interest-rate forecasts or in a news conference Chairman Jerome Powell will hold. Here are five things to watch for after the Fed meeting ends. By Martin Crutsinger. UPCOMING: 800 words by 1 p.m.
ECONOMY-FALLING STOCK MARKET — Employers are hiring, consumers are spending and the economy is growing briskly. And yet the stock market has been free-falling, shrinking the wealth of households and companies and spooking investors. Does this mean a recession is imminent? Not in the view of most economists. But a bear market in stocks, if prolonged enough, would make a recession likely sooner rather than later. By Josh Boak. UPCOMING: 800 words by 3 p.m.
ELECTION 2020-TRUMP-ECONOMY — Forget Robert Mueller. The greatest threat to President Donald Trump’s re-election bid may not be the slew of investigations closing in on his Oval Office but a possible economic slowdown. And the president knows it. By Jonathan Lemire and Catherine Lucey. SENT: 950 words, photo.
SOCIAL MEDIA-COMBATTING MISINFORMATION — Tech companies have been spending millions of dollars trying to combat online misinformation and foreign efforts to influence U.S. elections, yet a report released by the Senate this week shows that the meddling continues. While the companies have made progress, adversaries are finding new ways around restrictions and distinguishing misinformation and propaganda from legitimate news can be tough. By Barbara Ortutay. UPCOMING: 700 words by 3 p.m., photos.
NURO-KROGER — Nuro and grocery chain Kroger are teaming up to bring unmanned delivery service to customers. SENT: 130 words, photo. UPCOMING: Will be updated, photos, video pursuing.
TUCKER CARLSON-ADVERTISERS — Advertisers are abandoning Fox host Tucker Carlson’s show after he made several comments against immigrants. It’s the latest example of sponsors leaving a Fox show after controversy. By Mae Anderson. UPCOMING: 500 words by noon, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are opening solidly higher on Wall Street as the market claims back some of the ground it lost in steep drops over the previous two days. SENT: 510 words, photo. UPCOMING: 700 words by 5 p.m.
HOME CONSTRUCTION — U.S. developers broke ground on more homes last month, but the increase occurred entirely in apartments. The construction of new single-family houses fell. By Christopher Rugaber. SENT: 480 words, photo.
ELON MUSK-TUNNEL — Tech entrepreneur Elon Musk is set to unveil an underground transportation tunnel that could move people faster than subways. By Amanda Lee Myers. SENT: 520 words. UPCOMING: Will be updated after tunnel is revealed, timing uncertain. Photos, video, pursuing.
SURGEON GENERAL-TEEN VAPING — The government’s top doctor is taking aim at the best-selling electronic cigarette brand in the U.S., urging swift action to prevent Juul and similar vaping brands from addicting millions of teenagers. By Matthew Perrone. SENT: 520 words, photos.
PAKISTAN-BRITISH AIRWAYS — British Airways says it will resume flights to Pakistan in June, a decade after suspending them in the wake of the suicide truck bombing of the Marriott Hotel in Islamabad that killed dozens. SENT: 130 words, photo.
BAYERN MUNICH-WINTERKORN — German soccer champion Bayern Munich says former Volkswagen CEO Martin Winterkorn has left its supervisory board, three years after he resigned from the automaker amid its diesel emissions scandal. SENT: 270 words, photo.
TECHNOLOGY & MEDIA:
CHINA-HUAWEI — The chairman of Huawei challenged the United States and other governments to provide evidence for claims the Chinese tech giant is a security risk as the company launched a public relations effort Tuesday to defuse fears that threaten its role in next-generation communications. By Joe McDonald. SENT: 1,300 words, photo.
CBS-MOONVES — CBS announced Monday that former CEO Les Moonves will not receive his $120 million severance package after the board of directors concluded he violated company policy and was uncooperative with an investigation into sexual misconduct allegations. By Alexandra Olson. SENT: 950 words, photo. First moved Monday night.
NERDWALLET-MILLENNIAL MONEY-HATE CREDIT CARDS — Millennials have fewer credit cards than other generations, but that doesn’t mean they dislike them. Two events explain why this generation could not access credit and how they used other products instead. UPCOMING: 700 words by 11 p.m., photo.
TRUMP-SPACE COMMAND — President Donald Trump is expected to sign an executive order soon, possibly as early as Tuesday, creating a U.S. Space Command that will better organize and advance the military’s vast operations in space, U.S. officials say. By Zeke Miller and Lolita C. Baldor. SENT: 450 words, photos. UPCOMING: Pence remarks scheduled for 10 a.m.
CHINA-REFORM ANNIVERSARY — China will never pursue hegemony, President Xi Jinping said Tuesday as global concerns persist over the country’s growing economic influence. By Yanan Wang. SENT: 570 words, photos.
BREXIT — The British Cabinet is meeting to discuss ramping up preparations for Britain’s departure from the European Union without a deal, after Prime Minister Theresa May postponed Parliament’s vote on her divorce agreement until mid-January. By Jill Lawless and Danica Kirka. SENT: 660 words, photos.
GERMANY-ECONOMY — Worries are growing about the strength of the German economy, Europe’s largest, after a key indicator suggested fears about trade wars and Brexit are hitting business activity and after the country’s main stocks index slid into a bear market. By David McHugh and David Rising. SENT: 480 words, photo.
MEXICO-MINIMUM WAGE — Mexico’s new government is increasing minimum wages across the country by 16 percent and doubling the minimum wage in a narrow stretch of territory along the border with the United States. SENT: 130 words.
SAUDI-ECONOMY — Saudi Arabia’s King Salman has extended monthly allowances for government employees, military personnel, pensioners, social security recipients and students into next year. SENT: 140 words.
JAPAN-DEFENSE — Japan plans its first aircraft carrier and big increases in defense spending and weapons capability in the coming years, according to new defense guidelines approved Tuesday that cite its need to counter potential threats from North Korea and China and other vulnerabilities. By Mari Yamaguchi. SENT: 1,050 words, photos.
EU-AFRICA — European officials and companies are meeting in Vienna with African leaders for talks on increasing investment in the continent. SENT: 210 words, photos.
LITHUANIA-GAS — Lithuanian lawmakers have voted to buy a floating liquefied natural gas terminal that has been providing gas to the Baltic nation as it tries to reduce its reliance on Russian energy. SENT: 120 words.