Subscribe: AP Top Business News At 1:44 a.m. EST
Preview: AP Top Business News At 1:44 a.m. EST

AP Top Business News at 4:49 p.m. EDT

AP Top Business News at 4:49 p.m. EDT


Stocks tumble on trade fears; S&P has worst week in 2 years


NEW YORK (AP) -- Stocks around the world plunged Friday as investors feared that a trade conflict between the U.S. and China, the biggest economies in the world, would escalate. A second day of big losses pushed U.S. stocks to their worst week in two years....

Trump signs $1.3 trillion budget after threatening veto


WASHINGTON (AP) -- President Donald Trump signed a $1.3 trillion spending measure Friday, averting a midnight government shutdown just hours after declaring he was considering a veto....

China targets $3 billion of US goods in tariff spat


BEIJING (AP) -- China announced a $3 billion list of U.S. goods for possible retaliation in a tariff dispute with President Donald Trump and girded Friday for a bigger battle over technology policy as financial markets sank on fears of global disruption....

UK data watchdog raids Cambridge Analytica office in London


LONDON (AP) -- Officers from Britain's information regulator are raiding the London offices of data firm Cambridge Analytica after being granted a warrant as part of an investigation into alleged misuse of personal information....

Lobbying pays off for small drugmaker in budget bill


WASHINGTON (AP) -- Tucked in the massive congressional budget bill is a provision that props up the price Medicare pays for a handful of medications, costing taxpayers millions at a time when the Trump administration is vowing to reduce the cost of prescription drugs....

Trump draws ire of farmers targeted in Chinese trade dispute


DES MOINES, Iowa (AP) -- From hog producers in Iowa to apple growers in Washington state and winemakers in California, farmers expressed deep disappointment Friday over being put in the middle of a potential trade war with China by the president many of them helped elect....

Trump tariffs undermine trust in rules-based global commerce


GENEVA (AP) -- The Trump administration's move to impose tariffs on countries like China undermines the rules-based system of global commerce that the United States itself helped create after World War II, experts and trading partners say....

Shares of Dropbox surge in first day of trading


NEW YORK (AP) -- Shares of the digital file storage company Dropbox soared Friday in their stock market debut....

A swan-song for Toys R Us, the going-out-of-business sale


NEW YORK (AP) -- Toys R Us opened its doors Friday with a going-out-of-business sale, offering clearance discounts at all 735 U.S. stores, including Babies R Us....

'Business, not charity': 15 trained for AC construction jobs


ATLANTIC CITY, N.J. (AP) -- Four months ago, Shaim Russell knew nothing about carpentry....