BC-Business News Digest
Aug. 22, 2018
Here are AP Business News' latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP's coverage, visit Coverage Plan at newsroom.ap.org.
LONGEST BULL MARKET-MILLENIALS — Young people who dared to dabble in the stock market for the first time after March 2009 have made a handsome return. They've also never known a bear market. A look at their investment style and whether they might panic when the market inevitably hits a rough patch. By Stan Choe. SENT: 1,030 words, photos, graphic.
FEDERAL RESERVE-POWELL — Is financial turmoil in Turkey and other emerging economies at risk of spreading? Will America's trade war with China derail the U.S. economy? Does the Federal Reserve have the means to fight the next recession? And: Is Chairman Jerome Powell troubled by President Donald Trump's public denunciation of the Fed's interest rate hikes? When Powell gives the keynote address Friday at an annual conference of central bankers in Jackson Hole, Wyoming, the world will be seeking any clues to his stance on those questions — and how any of it might affect the Fed's rate policy. By Martin Crutsinger. SENT: 1,030 words, photos.
SMALLBIZ-SMALL TALK-MANAGING LAWSUITS — When a small business is involved in a lawsuit, an owner's concern can't only be about winning or losing — it also has to be about making sure the company stays on track. By Joyce M. Rosenberg. By Joyce M. Rosenberg. SENT: 940 words, photos.
ALEXA-KIDS TEST — A new version of Alexa won't tell kids where babies come from, or explain some things they might have heard on the news, like what Stormy Daniels does for a living. Amazon recently updated its voice assistant with a feature that can make Alexa more kid-friendly. When the feature is activated, Alexa answers certain questions differently. The AP tries it out. SENT: By Joseph Pisani. 640 words, photos, video.
GROWING UP DIGITAL-TEENS AND SCREENS — A new report from the Pew Research Center says two-thirds of parents are concerned about the amount of time their teenage children spend in front of screens. More than a third expressed concern about their own screen time. And more than half of teens said they often or sometimes find their parents or caregivers distracted when they're trying to have a conversation with them. SENT: 310 words, photos.
SAVING BIG OIL-TEXAS — As the nation plans new defenses against the more powerful storms and higher tides expected from climate change, one project stands out: an ambitious proposal to build a nearly 60-mile "spine" of concrete seawalls, earthen barriers, floating gates and steel levees on the Texas Gulf Coast. By Will Weissert. SENT: 1,160 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — The major U.S. stock indexes are mostly higher in afternoon trading, on track for the market's bull run to become the longest in history. Gains in technology stocks, retailers and energy companies outweigh losses in industrial firms and elsewhere in the market. By Alex Veiga. SENT: 590 words, photos. UPCOMING: Will be updated through 5 p.m.
FEDERAL RESERVE-MINUTES — The Federal Reserve releases minutes from its August meeting when it left rates unchanged. By Martin Crutsinger. UPCOMING: 130 words after 2 p.m. release. 400 words by 2:45 p.m.
HOME SALES — U.S. sales of existing homes slipped for the fourth consecutive month, declining 0.7 percent in July to the slowest pace in more than two years as the real estate market shows signs of cooling. By Josh Boak. SENT: 420 words, photos.
BRITAIN-RYANAIR — Ryanair has apologized after customers who received compensation for canceled flights complained that the checks bounced. SENT: 130 words.
OLIVE GARDEN-PASTA PASS — Olive Garden customers who can't get enough pasta have a chance to enjoy unlimited servings for a year. SENT: 140 words.
DISNEY-TUITION — Disney is offering to pay full tuition for hourly workers who want to earn a college degree or finish a high school diploma. By Mike Schneider. SENT: 220 words, photos.
WESTERN ENERGY MARKET — New Mexico's largest electric utility is asking state regulators for approval to join a trading market that allows participants in several western states to buy and sell energy to better balance supply and demand. By Susan Montoya Bryan. SENT: 140 words, photos.
SAN FRANCISCO-$2 BILLION TERMINAL — San Francisco is welcoming a new $2.2 billion transit terminal to the city after eight years of construction. By Lorin Eleni Gill. SENT: 140 words, photos.
TRAFFIC FATALITIES — The number of people killed on U.S. roads fell slightly in the first half of 2018, but a top safety organization says it's likely that more than 40,000 will die during the full year. SENT: 340 words, photos.
FORD-POWER CABLE RECALL — Ford is recalling the charging cords for more than 50,000 plug-in hybrid and electric cars in North America because they could cause fires in electrical outlets. SENT: 190 words, photos.
BEHIND THE WHEEL-HYBRIDS ROUNDUP — Today's hybrid vehicles couple fuel efficiency with technology and refinement. Edmunds compares the latest models that get at least 45 mpg in combined driving and highlights the pros and cons of each. By Dan Frio of Edmunds. SENT: 950 words, photos.
ON THE MONEY-FAMILY TRAVEL — Little has changed in the two years since Congress prodded airlines to seat children 13 and younger next to an adult family member at no extra cost. The reason: The Trump administration has declined to draft new rules detailing how airlines should apply the new law. That means that kids, in some cases, are still being separated from their parents while other families are paying more — in advance — to guarantee seats together. By David Koenig. SENT: 1,100 words, photos.
EARNS-TARGET — Heavy investments in stores and its online operations are paying off at Target, which reported strong numbers across the board in the second quarter. By Anne D'Innocenzio. SENT: 560 words, photos.
EARNS-LOWE'S — Lowe's rebounded in the second quarter after dismal weather cut into projects at home — and into company profits — to start the year. Investors also shrugged off a more guarded outlook as the home-improvement retailer shifts direction under new CEO Marvin Ellison. By Michelle Chapman and Ann D'Innocenzio. SENT: 640 words, photos.
TECHNOLOGY & MEDIA:
SINGAPORE-KEVIN KWAN — Singapore's government says the author of the book that inspired the hit film "Crazy Rich Asians" failed to register for national service as required. SENT: 310 words, photos.
CUBA-MOBILE INTERNET — One of the world's least-wired countries is getting a little more connected. Cubans with cellphones are getting mobile access to the internet in a tentative but significant opening of communications on the communist-governed island. SENT: 130 words.
VENEZUELA-POWER CRISIS — Tensions are rising in Venezuela's second largest city after a critical power line scorched, leaving residents without air conditioning and refrigerators during a sweltering heatwave. UPCOMING:
GERMANY-US — Germany's foreign minister called for Europe to strengthen its financial independence from the United States and set up independent payment channels as he laid out proposals for a future "balanced partnership" with the U.S. SENT: 440 words, photos.
MONEY & MARKETS SUMMARY:
Lowe's at new highs
Home improvement retailer Lowe's reached all-time highs Wednesday after a solid second-quarter report.
Walmart wallops Wall Street
Walmart's stock had its best day in a year after reporting its strongest sales growth in more than a decade. Its purchase of Jet.com and several smaller online retailers and its expanded grocery offerings appear to be drawing more people to its website and stores.
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