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US, China agree to cut American trade deficit

China US Trade

WASHINGTON (AP) — The United States and China have agreed to take measures to “substantially reduce” America’s massive trade deficit with China, but the Trump administration failed to get the Chinese to commit to a specific numerical goal. Still, the talks, which began Thursday and ended Saturday...


Business

City hopes for revitalization in aftermath of fraud case

Ski Resort Fraud Aftermath

NEWPORT, Vt. (AP) — A remote Vermont community down on its luck had looked forward in 2012 to a downtown hotel, office and retail space and a research plant that would bring hundreds of jobs. It now sees just a vacant demolished block that some residents refer to as “the hole.” The redevelopment...


Business

Eels break records in Maine, where they sell for big money

Baby Eel Record

PORTLAND, Maine (AP) — America’s only significant state fishery for baby eels has blown past records for value as high demand from overseas aquaculture companies is driving prices to new heights. Fishermen in Maine search for the eels, called elvers, in rivers and streams every spring so they can...


Business

The Latest: Mnuchin says US-China putting trade war on hold

WASHINGTON (AP) — The Latest on U.S.-China trade talks (all times local): 10:05 a.m. Treasury Secretary Steven Mnuchin says the United States and China are “putting the trade war on hold” after two days of talks that he says produced meaningful progress. Despite not getting China to agree to trim...


Business

AP Top Business News at 10:09 a.m. EDT

US, China agree to cut American trade deficit The Latest: Mnuchin says US-China putting trade war on hold Mnuchin says NAFTA negotiations could spill into 2019 New Starbucks policy: No purchase needed to sit in cafes Company says gas leak caused explosion at Houston-area plant Gay-friendly Apple...


Business

Mnuchin says NAFTA negotiations could spill into 2019

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin says efforts to renegotiate a trade agreement with Canada and Mexico could spill into next year. The Trump administration missed an informal deadline last Thursday that had been set by House Speaker Paul Ryan to get a revamped North American Free...


Business

There's a right way and a wrong way to fail

(c) 2018, Bloomberg Opinion. I have been thinking about errors, mistakes and failures ever since I traded my first stock decades ago. Good traders expect to be wrong, but that attitude is surprisingly rare in business. That is a shame, because having a healthy outlook on failure would benefit...


Business

`Sexiest job' ignites talent wars as demand for data geeks soars

(c) 2018, Bloomberg. Murray Webb had been a lackluster student more interested in sports than schoolwork while attending a small Virginia college. Then he transferred to Kennesaw State University in suburban Atlanta to pursue a master’s degree in applied statistics and landed four job offers upon...


Business

A $200 billion question: Can Tech swallow another Son mega fund?

(c) 2018, Bloomberg. Ask investors from Silicon Valley to Wall Street what’s had the biggest recent impact on tech startup exits and most will answer: Masayoshi Son’s almost $100 billion Vision Fund. Now Son, the the founder and chief executive officer of SoftBank Group Corp., has a version 2.0 in...


Business

Hedge fund managers shift billions over carried interest concern

(c) 2018, Bloomberg. Late last year, some hedge fund managers raced to protect their personal fortunes from being carved up by the Republican tax law. David Tepper, who runs Appaloosa Management and may soon own the Carolina Panthers, and Ross Margolies, founder of Stelliam Investment Management,...


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