BC-APFN-Business News Preview
Among the stories Monday from The Associated Press:
FEDERAL RESERVE — The Federal Reserve will meet this week to assess an economy that has just enjoyed a healthy spurt of growth but faces a web of trade fights pushed by President Donald Trump that could imperil that growth over time. If those concerns weren’t enough, Trump has openly expressed his displeasure at the Fed’s interest rate increases, something no president has done publicly in more than two decades. No one expects the Fed to raise rates when its latest policy meeting ends Wednesday, but it’s widely expected to resume doing so by September. By Martin Crutsinger. UPCOMING: 800 words by 12 noon.
ECONOMY — President Donald Trump’s top economic policymakers insisted that the robust growth marked in the April-June quarter will maintain its pace and that he respects the Federal Reserve’s independence despite his condemnation of the central bank for raising interest rates. By Marcy Gordon. SENT: 760 words, photo. First sent in previous cycle.
TRUMP-STEEL TARIFF — U.S. companies seeking to be exempted from President Donald Trump’s tariff on imported steel are accusing American steel manufacturers of spreading inaccurate and misleading information, and they fear it may torpedo their requests. By Richard Lardner. SENT: 1,330 words, photo. First moved in previous cycle.
BIG MAC-TURNING 50 — McDonald’s is fighting to hold onto customers as the Big Mac turns 50, but it’s not messing with the makings of its most famous burger. By Candice Choi. SENT: 650 words, photo.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are off to a mixed start on Wall Street as gains in banks and energy companies are offset by losses in other sectors. SENT: 640 words, photo. UPCOMING: 700 words by 5 p.m.
PENDING HOME SALES — More Americans signed contracts to purchase homes in June compared to May, but the volume of pending sales has slipped over the past year. By Josh Boak. SENT: 130 words. UPCOMING: 350 words by 10:45 a.m.
HARLEY DAVIDSON-BIGGER TENT — Smaller bikes, electric engines, online sales and urban storefronts, Harley-Davidson, we hardly knew you. SENT: 150 words, photo. UPCOMING: Will be updated.
SPORTS BETTING — Two Atlantic City casinos owned by Caesars Entertainment will start taking sports bets this week, and another two in Mississippi will do so in mid-August. By Wayne Parry. SENT: 440 words, photo. UPCOMING: Will be updated.
HARVEY FLOOD INSURANCE — After Hurricane Harvey’s devastating and widespread flooding last year, many Texans decided it was time to buy flood insurance. By Juan A. Lozano and Meghan Hoyer. SENT: 890 words, photos.
NUCLEAR REACTORS-SOUTH CAROLINA — A utility in South Carolina is preparing to tell a federal judge why customers should keep paying for the multi-billion-dollar failure of its nuclear project. By Meg Kinnard. SENT: 130 words. UPCOMING: Will be updated from hearing, scheduled for 9:30 a.m.
CATERPILLAR-RESULTS — Caterpillar’s second-quarter easily beat Wall Street expectations thanks in part to the blistering pace of construction and demand for big machines, a the company boosted its full-year earnings forecast again. SENT: 140 words, photo.
TECHNOLOGY & MEDIA:
TRUMP-MEDIA — The publisher of The New York Times says he took President Donald Trump to task for “deeply troubling anti-press rhetoric” that is “not just divisive but increasingly dangerous” when the two met privately at the White House this month. By Darlene Superville. SENT: 680 words, photos. First sent in previous cycle.
TRUMP-RUSSIA PROBE-MANAFORT — The trial of President Donald Trump’s onetime campaign chairman will open this week with tales of lavish spending, secret shell companies and millions of dollars of Ukrainian money flowing through offshore bank accounts and into the political consultant’s pocket. By Eric Tucker and Chad Day. SENT: 1,040 words, photo. First sent in previous cycle.
MEDICARE FOR ALL-COST — Sen. Bernie Sanders’ “Medicare for all” plan would increase government health care spending by $32.6 trillion over 10 years, according to a study by a university-based libertarian policy center. By Ricardo Alonso-Zaldivar. SENT: 750 words, photos.
PANAMA-TRANSFORMED CITY CENTER — A real estate boom has transformed the heart of Panama City in the two decades since it was declared a world heritage site, thrilling property owners but pricing most of the longtime residents out. By Juan Zamorano. SENT: 850 words, photos.
CHINA-BRITAIN-HONG KONG — China’s foreign minister said Monday that his country remains committed to the “one country, two systems” governing framework in Hong Kong, despite growing concerns that Beijing is eroding the former British colony’s civil liberties. SENT: 420 words.
IRAN-SANCTIONS — Iran’s currency has dropped to a record low ahead of the imposition of renewed American sanctions, with many fearing prolonged economic suffering or possible civil unrest. SENT: 130 words. UPCOMING: Will be updated, photos, video planned.