NEW YORK (AP) – Stocks are opening broadly higher in early trading on Wall Street, led by gains in technology and health care companies. The gains came as the latest round of talks on trade resumed between the U.S. and China. Bloomberg News reported that China was open to accepting a partial trade deal.
WASHINGTON (AP) – U.S. job openings fell 1.7% in August and hiring edged down, bolstering views that the labor market may lose momentum as economic uncertainty and a manufacturing recession squeeze employers. The Labor Department says employers advertised 7.1 million available jobs in August, down from 7.2 million available jobs in July.
SAN FRANCISCO (AP) – Millions of people in California woke up in the dark today after Pacific Gas & Electric started shutting off power to prevent what the utility called an unprecedented wildfire danger. PG&E said it cut power to more than 500,000 customers in Northern California and that it plans to gradually turn off electricity to nearly 800,000 customers to prevent its equipment from starting wildfires during hot, windy weather. The utility plans to shut off power in parts of 34 northern, central and coastal California counties.
FORT WORTH, Texas (AP) – American Airlines is pushing back the expected return of its Boeing 737 Max jets into next year. The airline said Wednesday that it expects to slowly bring the plane back into its schedule starting Jan. 16. That’s six weeks later than American planned just last month, and the sixth time the airline has pushed back the plane’s return. American says it will drop about 140 flights per day until mid-January because of the grounding. American has 24 Max jets in storage.
PARIS (AP) – The Organization for Economic Cooperation and Development has proposed a plan to overhaul the way multinationals – particularly tech giants – are taxed to make sure they pay their fair share in countries where they do significant business. The proposal would re-allocate some taxes to countries where giant companies like Google, Facebook, Amazon and Apple “have significant consumer-facing activities and generate their profits.” The Paris-based OECD advises 134 countries on policies.