Financial News

Jennifer Lynn Cockman
July 16, 2018
AP-NC Newswatch
July 16, 2018
Financial News

 

 

 

Wall Street expected to open higher … Tenants to sue a Kushner company … Amazon extends ‘Prime Day’

 

BANGKOK (AP) – Shares have edged higher in early European trading after Asian benchmarks slipped on news that China’s economy grew at a lackluster pace in the last quarter. Attention was centered on trade tensions between China, the U.S. and European Union and President Donald Trump’s planned meeting with Russian President Vladimir Putin. Germany’s DAX added 0.1 percent while the CAC 40 in France was flat. Wall Street is expected to open higher with Dow futures up 0.2 percent and S&P futures up 0.1 percent.

 

NEW YORK (AP) – More than a dozen people are filing a lawsuit against the real estate firm owned by Jared Kushner’s family. The current and former tenants of rent-stabilized apartments in the Williamsburg section of Brooklyn, New York say they believe there was a campaign to force them out of the building with unhealthy construction dust, rats, unannounced barging into apartments and a rent hike of several hundred dollars in order to bring in high-paying condo buyers.

 

DETROIT (AP) – Most U.S. business economists expect corporate sales to grow over the next three months and hiring and pay to rise with them. But a majority of the economists surveyed by the National Association for Business Economics say the corporate tax cuts that the Trump administration pushed through Congress have yet to affect their plans for hiring or investment.

 

BEIJING (AP) – European Council President Donald Tusk says Europe, China, the U.S. and Russia have a “common duty” not to destroy the global order but to improve it by reforming international trade rules. Tusk’s comment Monday comes before President Donald Trump will meet with Russian President Vladimir Putin in Helsinki. Tusk is calling on Beijing, Trump and Putin to jointly start the process of reforming the World Trade Organization.

 

NEW YORK (AP) – Amazon is extending its annual “Prime Day” promotion to 36 hours this year and will try to lure more deal-seekers to the aisles of Whole Foods. Shoppers will have plenty of sales to choose from as other retailers offer promotions to try to take a share of the spending. Prime Day starts this afternoon. Amazon is hoping it can keep Prime attractive for current and would-be subscribers after raising the annual membership fee by 20 percent to $119.

 

 

AP-WF-07-16-18 1051GMT