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Preview: AP Top Business News At 8:35 a.m. EST

AP Top Business News at 3:03 p.m. EDT

AP Top Business News at 3:03 p.m. EDT

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US economy expanded at stronger 2.6 percent rate in Q2
WASHINGTON (AP) -- The U.S. economy revved up this spring after a weak start to the year, fueled by a surge in consumer spending. But the growth spurt still fell short of the optimistic goals President Donald Trump hopes to achieve through tax cuts and regulatory relief....

Sluggish but durable: 5 things about US economy's expansion
WASHINGTON (AP) -- The U.S. economy acquired an exclusive label Friday: Recession-free for eight full years. Yet the third-longest economic winning streak in American history still doesn't get much love....

Stocks sag following disappointing profit reports
NEW YORK (AP) -- Stock markets around the world sagged on Friday after Amazon and several other big companies reported quarterly results that underwhelmed investors....

Trump shrugs 'can't have everything' as health bill flops
WASHINGTON (AP) -- Republican finger-pointing commenced Friday after the Senate's dark-of-night defeat of the GOP effort to repeal much of the Obama health care law, a startling blow to President Donald Trump and congressional leaders....

Mainstream Model 3 holds promise _ and peril _ for Tesla
FREMONT, Calif. (AP) -- For Tesla, everything is riding on the Model 3....

What we know about Tesla's new Model 3 sedan
Tesla Inc. is set to deliver the new electric Model 3 compact car to its first 30 customers on Friday evening. The car is half the cost of Tesla's previous models, so it has the potential to attract many more customers to the brand....

A strong 2Q for Merck, outlook mixed
Sustained cost cuts helped push Merck's second-quarter profit up 61 percent, easily topping Wall Street expectations, as growing sales of new cancer and hepatitis C medicines offset growing generic competition to older drugs....

Exxon 2Q profit doubles from a year ago but misses forecasts
IRVING, Texas (AP) -- Exxon Mobil Corp. cut spending on oil exploration, helping boost its earnings to $3.35 billion in the second quarter, doubling its historically low profit of a year ago....

Fumes force Austin police to pull Ford Explorers off patrol
AUSTIN, Texas (AP) -- The Austin Police Department on Friday pulled nearly 400 Ford Explorer SUVs from its patrol fleet over worries about exhaust fumes inside the vehicles....