The Latest: Senators grill Facebook on Libra and trust
WASHINGTON (AP) — The Latest on congressional hearings on the reach of big tech (all times local): 12:05 p.m. Senators are grilling Facebook on its plans to launch a new digital currency when it's still battling problems with privacy and other issues.
Cryptocurrencies, digital tax top the agenda for G-7 meeting
PARIS (AP) — Finance officials from the Group of Seven rich democracies will weigh risks from new digital currencies and debate how to tax tech companies like Google and Amazon when they meet this week in the Paris suburb of Chantilly.
Former Mitsubishi workers seek assets sale for forced labor
SEOUL, South Korea (AP) — Colonial-era Korean workers want a court to allow the sale of assets of their former Japanese employer so they can be compensated for forced labor decades ago.
Johnson & Johnson 2Q profit jumps 42% despite lower sales
Johnson & Johnson posted slightly lower sales across much of its business in the second quarter, but a big one-time gain and lower spending on marketing and administration boosted its profit a whopping 42 percent.
Retail rivals crash Amazon's Prime Day party
NEW YORK (AP) — The gravitational pull of Amazon Prime Day is so strong on shoppers it's benefiting other retailers as well, according to an early analysis from a key data group.
Boeing jet trouble leads to cuts at Europe's busiest airline
LONDON (AP) — Europe's biggest airline, budget carrier Ryanair, will cut flights and close some of its bases beginning this winter because of the delay to deliveries of the Boeing 737 Max plane, which has been grounded globally after two fatal crashes.
Appeals court: NYC can ban ads in Uber and Lyft cars
NEW YORK (AP) — A federal appeals court in New York says the city can ban advertisements in vehicles driven for companies like Uber and Lyft.
Hackers steal millions of Bulgarians' data; Russian tie seen
SOFIA, Bulgaria (AP) — Bulgarian officials said Tuesday that unidentified hackers have stolen the personal details of millions of people from Bulgaria's national revenue agency and noted a possible Russian link in the case.
US retail sales rise 0.4% in June in sign of consumer health
WASHINGTON (AP) — U.S. retail sales rose at a solid pace last month, providing crucial support to the economy at a time when other drivers of growth have faded.
US industrial production unchanged in June
WASHINGTON (AP) — U.S. industrial production was flat in June, as a slump in utilities was offset by gains in output by factories and mining.
Wells Fargo 2Q earnings beat estimates
SAN FRANCISCO (AP) — Consumer banking giant Wells Fargo reported better-than-expected earnings for the second quarter on Tuesday, despite remaining under heavy restrictions by regulators for an assortment of scandals in recent years.
Johnson, Hunt raise Brexit stakes with Irish border views
LONDON (AP) — The two contenders to become Britain's next prime minister raised the Brexit stakes by saying they will discard a contentious part of the European Union divorce deal agreed by outgoing leader Theresa May.
Global shares edge up on upbeat US earnings reports
TOKYO (AP) — Global stock markets were mostly higher on Tuesday after several major U.S. companies reported quarterly earnings that were better than expected.
Austria: Ukrainian businessman's US extradition on hold
BERLIN (AP) — Austria's justice minister has approved the extradition to the U.S. of Ukrainian businessman Dymitro Firtash, but he can stay in Austria while a court considers a defense motion to reopen the case, authorities said Tuesday.
Man whose family died in Boeing 737 Max crash: Scrap the jet
A man who lost his wife, mother-in-law and three young children in the crash of a 737 Max in Ethiopia says Boeing should scrap the plane and top executives should resign and face criminal charges.
Joe Biden draws line against progressives on health care
DES MOINES, Iowa (AP) — Joe Biden is taking an aggressive approach to defending the Affordable Care Act, challenging not just President Donald Trump but also some of his rivals for the Democratic presidential nomination who want to replace the current insurance system with a fully government-run model.
Asian shares mixed in lackluster trading, Nikkei falls 0.6%
TOKYO (AP) — Asian shares were little changed and mixed in quiet trading Tuesday amid a lack of fresh market-moving news as investors looked ahead to earnings season.
Mnuchin says budget deal with Pelosi is 'very close'
WASHINGTON (AP) — It's House Speaker Nancy Pelosi and top Senate Republican Mitch McConnell vs. hardliners in the White House as lawmakers pursue a deal on federal spending and the debt.
US judge slashes $80 million award in Monsanto cancer case
SAN FRANCISCO (AP) — A U.S. judge lowered a jury's damage award from $80 million to $25 million for a California cancer victim who used Monsanto's Roundup weed-killer.
Oklahoma AG calls company 'kingpin' in state's opioid crisis
NORMAN, Okla. (AP) — Consumer products giant Johnson & Johnson was a "kingpin" company that helped fuel the most devastating public health crisis in Oklahoma history, the state attorney general argued Monday during the close of his case against the opioid drug manufacturer.
Treasury chief: Facebook currency plan ripe for illicit use
WASHINGTON (AP) — The Trump administration came out strongly Monday against Facebook's ambitious plan to create a new digital currency, as the Treasury chief warned it could be used for illicit activity such as money laundering, human trafficking and financing terrorism.
Trump signs order to make American-made goods more American
WASHINGTON (AP) — President Donald Trump signed an executive order Monday that will require federal agencies to purchase products using more American components.
China's growth cools further as tariff war pressures mount
BEIJING (AP) — China's economic growth sank to its lowest level in at least 26 years in the quarter ending in June, adding to pressure on Chinese leaders as they fight a tariff war with Washington.
After years of plenty, auto workers want a bigger slice
DEARBORN, Mich. (AP) — Contract talks between the United Auto Workers and Detroit's three automakers kicked off with the union president departing from the traditionally friendly tone by telling Ford executives that workers want a bigger share of the companies' record profits.
Trade wars cool market for small businesses
NEW YORK (AP) — The market for small businesses cooled for the third straight quarter during the spring as tariffs from the trade war with China made some sellers and buyers uneasy about making a deal.