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Business

Fed approves rules loosening Dodd-Frank bank restrictions

WASHINGTON (AP) — The Federal Reserve is easing restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump. The Fed on Thursday approved a set of rule changes that implement legislation passed by Congress last year ...

Retiree checks to rise modestly amid push to expand benefit

WASHINGTON (AP) — Millions of retirees will get a modest 1.6% cost-of-living increase from Social Security in 2020, an uptick with potential political consequences in an election year when Democrats are pushing more generous inflation protection. The increase amounts to $24 a month for the ...

US stocks fall; S&P 500 ends with 2nd straight weekly loss

Wall Street capped a choppy week with a second straight weekly loss for the S&P 500 Friday as worries about a potential escalation in the trade war between the U.S. and China erased early gains. Technology companies led the broad slide as investors weighed a report saying the Trump ...

Fresh US-China trade worries erase early gains for stocks

Wall Street closed out a volatile week with losses Friday as investors worried that upcoming trade talks aimed at resolving the costly trade war between Washington and Beijing could be in trouble. The selling, which erased modest early gains for the market, snapped a three-week win streak for ...

23 states sue Trump to keep California’s emission rules

SACRAMENTO, Calif. (AP) — California sued Friday to stop the Trump administration from revoking its authority to set greenhouse gas emission and fuel economy standards for cars and trucks, enlisting help from 22 other states in a battle that will shape a key component of the nation’s ...

Business Briefs for Sept. 16

Laney Lu’s Boutique wins Minnesota’s 2019 Boutique of the Year After more than 340,000 votes were cast, Laney Lu’s Boutique of Redwood Falls was recently named Storefront 2019 Boutique of the Year by shoppers. The Boutique Awards is the only global recognition event for independent ...