Financial News

AP Sports
July 18, 2018
Financial News
July 19, 2018
Financial News

 

 

 

Stocks edge higher…US launches probe into uranium imports…Pasta salad recalled

 

NEW YORK (AP) – Stocks are edging higher as financial and industrial companies climb after a round of strong second-quarter reports. United Continental and Berkshire Hathaway are making their biggest gains in years. Household goods makers are returning a chunk of their recent gains and technology companies are lagging behind the rest of the market.

 

WASHINGTON (AP) – The Commerce Department has started an investigation into the impact of uranium imports on U.S. national security, a move that could result in tariffs and add another front to the Trump administration’s trade fight. The probe follows an earlier national security investigation into steel and aluminum imports, which resulted in steep 25 percent duties on imports of the two metals from the European Union, Canada, Mexico, China and Japan. Another investigation is underway into the threat posed by auto imports.

 

WASHINGTON (AP) – Congress is losing patience with the Trump administration’s reliance on tariffs to win trade disputes. Senate Finance Committee Chairman Orrin Hatch says if the administration continues with what he calls “its misguided and reckless reliance on tariffs,” he’ll push for legislation. He said he’s discussing options with colleagues now. Meanwhile, lawmakers are using congressional hearings to put the spotlight on the economic fallout for local farmers and businesses.

 

DES MOINES, Iowa (AP) – Midwest grocery store chain Hy-Vee has recalled its store-brand spring pasta salad after 20 people got salmonella in Minnesota, South Dakota, Nebraska and Iowa. The recall includes 16-ounce and 48-ounce containers of Hy-Vee Spring Pasta Salad produced between June 1 and July 13. It was available from deli service cases in the company’s 244 stores across eight states including Iowa, Illinois, Missouri, Kansas, Nebraska, South Dakota, Minnesota and Wisconsin.

 

HARRISBURG, Pa. (AP) – Pennsylvania’s highest court has upheld Philadelphia’s tax on soda and other sweetened drinks, rejecting a challenge by merchants and the beverage industry. The Supreme Court ruled today that the 1.5-cent-per-ounce levy is aimed at distributors and dealer-level transactions and does not illegally duplicate another existing tax. The beverage tax raised nearly $79 million in 2017, over its first 12 months in place.

 

 

AP-WF-07-18-18 1823GMT