NEW YORK (AP) — After shaking off an early wobble, stocks are solidly higher in afternoon trading. It’s the latest turn for a market that has suddenly become prone to quick moves not only day to day but also hour to hour. The volatility comes as investors question whether a global trade war may be on the way and how quickly interest rates will rise.
WASHINGTON (AP) — President Donald Trump says “we’re not backing down” on his push to impose tariffs on imported steel and aluminum despite criticism from fellow Republicans. The president said during an Oval Office meeting with Israel Prime Minister Benjamin Netanyahu today that he doesn’t expect to have a trade war as a result of his push to crack down on a flood of steel imports.
PANAMA CITY (AP) — Executives with President Donald Trump’s family hotel business have abandoned the management offices of a luxury hotel in Panama. The hotel has been the scene of a tense, 12-day standoff over a business dispute with the hotel’s owners. Trump’s security guards also have left the property. The action took place as a Panamanian judicial official and armed police escorted into the offices the owner of most of the units of the 70-story, Trump-branded hotel.
NEW YORK (AP) — A judge has ordered “Pharma Bro” Martin Shkreli to forfeit more than $7.3 million in assets in his securities fraud case. The order would allow the government to go after personal property prosecutors say includes a one-of-a-kind Wu-Tang Clan album and other valuable collectables owned by the quirky former pharmaceutical CEO. It says the assets won’t be seized until Shkreli has a chance to appeal.
PHILADELPHIA (AP) — Pennsylvania’s attorney general is suing Uber, saying the ride-hailing company broke state law when it failed to notify thousands of drivers for a year that hackers stole their personal information. The lawsuit filed today in Philadelphia says hackers stole the names and drivers’ license numbers of at least 13,500 Pennsylvania Uber drivers. Washington and Chicago also have sued.