BC-APFN-Business News Preview
Among the stories Tuesday from The Associated Press:
AMAZON-WAGES — Amazon, which has faced political and economic pressure to raise pay for thousands of employees, is boosting its minimum wage for all U.S. workers to $15 per hour starting next month. SENT: 650 words, photos. DEVELOPING.
HOTEL-HOMESHARING — Hotels are good at providing clean, cookie-cutter rooms, but they know that travelers sometimes want more, like a big, cozy kitchen or an extra bedroom for the kids. So big hotel companies are jumping into home-sharing market, hoping to meet customers’ demands and blunt the growth of rivals like Airbnb. Marriott began testing home rentals in London in the spring. This week, it’s expanding that pilot program — called Tribute Portfolio Homes — to Paris, Rome and Lisbon. Marriott will let guests earn or redeem Marriott points at 340 different homes. By Dee-Ann Durbin. SENT: 1,130 words, photos.
TRUMP-TRADE — President Donald Trump just muscled Canada on NAFTA, signed a trade deal with South Korea and coaxed a reluctant Japan into agreeing to bilateral trade talks. So is his aggressive approach to trade policy working? He has used tariffs -- and the threat of them -- to win concessions from U.S. allies. But it’s less clear the combative approach will work with China. And critics worry it’s done lasting damage to America’s economic and political relationships. By Paul Wiseman. UPCOMING: 900 words by 3:30 p.m.
AP POLL-YOUNG AMERICANS-ECONOMY — A decade after the global financial crisis, about half of young Americans and their parents are optimistic that better fortunes are ahead for the younger generation, but many still think their prospects will be the same or even worse, according to a new poll by The Associated Press-NORC Center for Public Affairs Research and MTV. By Sarah Sell. SENT: 470 words, photo, graphic.
WEINSTEIN ANNIVERSARY-HOLLYWOOD A YEAR LATER — Is Hollywood a different place a year after the rapid downfall of Harvey Weinstein began? In the time since, guilds have rewritten codes of conduct, film festivals have signed pledges for gender parity and inclusion riders have been implemented by several leading production companies. But interviews with actresses, filmmakers and others make it clear: Hollywood has a long way to go. By Film Writer Jake Coyle. UPCOMING: 1,200 words by 3 p.m., photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are opening mostly mixed on Wall Street as losses for consumer-focused companies offset gains elsewhere in the market. SENT: 510 words, photos. UPCOMING: 700 words by 5 p.m.
FEDERAL RESERVE-POWELL — Federal Reserve Chairman Jerome Powell speaks to the National Association for Business Economics in Boston. By Martin Crutsinger. UPCOMING: 130 at 12:45 when embargo on prepared remarks lifts; 250 words by 1:30 p.m.
FAST FOOD WORKERS-PROTESTS — Several people were injured when a pickup truck collided with a group of protesters calling for the right to form unions in Flint, Michigan, in what police said appears to be an accident. SENT: 260 words. UPCOMING: Will be updated from protests around 1 p.m.
DUNKIN-HOMELESS MAN — Dunkin’ Donuts has fired workers who poured water on a homeless man in upstate New York and posted the video online. SENT: 130 words.
TESLA — Tesla is reporting encouraging production figures for its third quarter as founder Elon Musk tells employees to work hard to prove “the naysayers wrong.” SENT: 360 words, photo.
GERMANY-AUDI — Suspended Audi CEO Rupert Stadler is leaving the company, more than three months after he was arrested as part of a probe into parent company Volkswagen’s manipulation of diesel emissions controls. SENT: 130 words.
GERMANY-DIESEL — The German government backs plans to help reduce pollution from diesel vehicles while easing the burden on consumers worried about costly upgrades. By David Rising. SENT: 690 words, photo.
PARIS AUTO SHOW — All-electric vehicles with zero local emissions are among the stars of the Paris auto show, rubbing shoulders with the fossil-fuel burning SUVs that many car buyers love. SENT: 130 words, photos.
HEALTH & MEDICINE:
PREVENTING ALZHEIMERS — It may be too late to stop Alzheimer’s in people who already have some mental decline. But what if a treatment could target the very earliest brain changes while memory and thinking skills are still intact, in hope of preventing the disease? Two big studies are going all out to try. By Marilynn Marchione. SENT: 760 words, photos, video.
SOCIAL SECURITY-MEDICARE — Key posts overseeing the financial health of Social Security and Medicare have been vacant for more than three years, leaving the programs without independent accountability in the face of dire predictions about approaching insolvency. By Ricardo Alonso-Zaldivar. SENT: 880 words, photo.
NERDWALLET-ASK BRIANNA-SMALL STUDENT LOANS — Those who owe less than $5,000 in student loans are most likely to fall behind, often because they don’t earn enough to afford their payments. SENT: 700 words, photo.
TECHNOLOGY & MEDIA:
DANGEROUS CELEBRITIES — Ruby Rose has played some dangerous characters but the actress herself is now officially dangerous, crowned the most dangerous celebrity on the internet by cybersecurity firm McAfee. By Mark Kennedy. SENT: 350 words, photos.
WTO-TRADE-JACK MA — Alibaba founder Jack Ma says the trade dispute between the U.S. and China could last 20 years. But he expressed hope that a solution could be reached as a trade war would “hurt everybody.” SENT: 330 words, photo.
EUROPE-ECONOMY — In a bleak assessment, credit ratings agency Moody’s warned that Europe remains highly vulnerable to another economic downturn despite all its fire-fighting efforts over the past few years. By Pan Pylas. SENT: 480 words, photo.
ITALY-ECONOMY — Italy’s leaders refused to budge from new spending targets that have been spooking investors recently and prompted concerns from the country’s partners in eurozone. By Colleen Barry. SENT: 700 words, photo.
INDONESIA-PALU’S PLIGHT — Palu, the Indonesian city devastated by an earthquake, tsunamis and mudslides, has strived to transform itself into a major trading hub, but the city’s buildings and other infrastructure were no match for the triple whammy that has left more than 1,200 people dead. By Elaine Kurtenbach. SENT: 680 words, photos.
BREXIT — Pressure mounts on British Foreign Secretary Jeremy Hunt to apologize for recent remarks comparing the European Union to the Soviet Union. By Raf Casert. SENT: 430 words, photo.
GERMANY-IMMIGRATION — The German government says it will expand a system of six-month visas allowing people from outside the European Union to seek jobs as it tries to tackle a shortfall of skilled workers. By Geir Moulson. SENT: 540 words, photo.
IRAN — Iran’s currency, the rial, unexpectedly rallied Tuesday after weeks of depreciation following President Donald Trump’s decision to withdraw America from Tehran’s nuclear deal with world powers, sending Iranians rushing to exchange shops to cash in. By Nasser Karimi and Jon Gambrell. SENT: 600 words, photos.
ISRAEL-TYCOON IN PRISON — One of Israel’s most prominent businessmen has entered prison to begin a three-year term for securities fraud. SENT: 140 words, photo.
YEMEN — SYemen’s weak Central Bank is getting a $200 million cash infusion from Saudi Arabia to shore up its reserves after the currency went into freefall, sparking further concerns for the world’s worst humanitarian crisis. By Ahmed Al-Haj. SENT: 570 words, photos.