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- By Steve Kerch, MarketWatch Kentucky Derby winner Justify, sent off as the 1-2 favorite, won the Preakness Stakes on Saturday, running his unbeaten streak to five races and setting up a h...
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US, China agree to cut American trade deficit
(AP Photo - Carolyn Kaster)
By MARTIN CRUTSINGER and PAUL WISEMAN
From Associated Press
May 19, 2018 11:27 PM EST

WASHINGTON (AP) — The United States and China have agreed to take measures to "substantially reduce" America's massive trade deficit with China, but the Trump administration failed to get the Chinese to commit to a specific numerical goal.

HOUSTON (AP) — Officials say a gas leak caused an explosion and brief flash fire at a chemical plant near Houston, resulting in non-life threatening injuries to nearly two dozen workers.

WASHINGTON (AP) — Just-ended U.S.-China trade talks produced a commitment by Beijing to "significantly increase" its purchases of American goods and services, according to a joint statement Saturday from the rival economic powers trying to lower trade tensions.

NEW YORK (AP) — Starbucks announced a new policy Saturday that allows anyone to sit in its cafes or use its restrooms, even if they don't buy anything.

LAS VEGAS (AP) — A massive high-tech, sphere-shaped venue that will host concerts and other events while engaging multiple senses will break ground this summer in Las Vegas, officials announced Friday.

SHANGHAI (AP) — "Panda Beer," ''Little General," ''Flying Fist IPA," and "Mandarin Wheat" are among the offerings on tap at a craft beer exhibition this week in Shanghai dedicated to expanding the palette of Chinese consumers and promoting sales of high-end brews.

KUALA LUMPUR, Malaysia (AP) — In 10 days of dramatic political developments, none has transfixed Malaysians more than the sight of truckloads of orange boxes containing Hermes Birkin handbags and luggage filled with cash and jewelry being seized from apartments linked to former Prime Minister Najib Razak.

A California company confirmed that a flaw in its website allowed outsiders to pinpoint the location of mobile phones in the United States without authorization.

Europe's new data and privacy rules take effect a week from Friday, clarifying individual rights to the personal data collected by companies around the world for targeted advertising and other purposes.

RALEIGH, N.C. (AP) — Gay-rights advocates are divided on whether to cheer or bemoan a potential marriage between the state of North Carolina and one of the global corporations most friendly to LGBT workers and causes.

WASHINGTON (AP) — China is sending conciliatory signals as U.S. and Chinese negotiators meet in Washington to try to head off a trade war between the world's two biggest economies.

JEFFERSON CITY, Mo. (AP) — Missouri lawmakers have approved legislation that bans companies from labeling lab-grown meat products or meat substitutes as meat.

WASHINGTON (AP) — House Republican leaders suffered an embarrassing setback Friday when conservatives scuttled an ambitious farm bill, part of a high-stakes power play as they once again exert their oversized sway in the House.

DOVER, Del. (AP) — Delaware's Supreme Court has upheld the dismissal of a shareholder lawsuit challenging Viacom Inc.'s payment of more than $13 million in compensation to company founder and former chairman Sumner Redstone.

PAWTUCKET, R.I. (AP) — Hasbro has trademarked the scent of Play-doh. The toy company on Friday announced that the United States Patent and Trademark Office has recognized Play-doh's distinctive smell with a registered trademark, something rarely issued for a scent.

Despite a choppy week of trading and a mixed finish for U.S. stocks, the market extended its recent streak of relative calm Friday.

NEW YORK (AP) — Interest rates are charging higher, and that can be a good or bad thing depending on whether you're saving or borrowing.

SOCHI, Russia (AP) — Russia's President Vladimir Putin said Friday that gas supplies to Europe via Ukraine may continue even after the launch of a new prospective Germany-bound pipeline under the Baltic Sea.

CAMBRIDGE, Mass. (AP) — Canadian computer scientists helped pioneer the field of artificial intelligence before it was a buzzword, and now Prime Minister Justin Trudeau is hoping to capitalize on their intellectual lead.

LANSING, Mich. (AP) — Michigan's two dominant utilities committed Friday to increase the power they produce from wind and other renewable sources to 25 percent by 2030 under pressure from billionaire environmentalist Tom Steyer, who ended a ballot drive opposed by the electric providers in response.

If British marketers are to be believed, nothing is a better royal wedding tribute than a limited-edition bucket of fried chicken chased with a bottle or two of Royal Wedding pale ale.

WASHINGTON (AP) — The Latest on the House food and farm bill (all times local): 12:10 p.m. Conservatives rebuffed on immigration have sunk a bill that combined stricter work and job training requirements for food stamp recipients with a renewal of farm subsidies popular in Republican-leaning farm country.

NEW YORK (AP) — The top executive at Campbell Soup will retire and the company is undergoing a strategic review as it tries to revive sales that have been under pressure due to shifting American tastes and rising costs.