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Market Update  

- By Alessandra Malito, MarketWatch Retailers and manufacturers have a lot to say about the new tariffs on Chinese goods The Trump administration enacted new tariffs (http://www.marketwatch...
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Business News  

AP Explains: The US push to boost 'quantum computing'
(AP Photo - Seth Wenig)
By MATT O'BRIEN
From Associated Press
September 24, 2018 2:39 PM EST

YORKTOWN HEIGHTS, N.Y. (AP) — A race by U.S. tech companies to build a new generation of powerful "quantum computers" could get a $1.3 billion boost from Congress, fueled in part by lawmakers' fear of growing competition from China.

FRESNO, Calif. (AP) — Electric vehicle advocates, environmental groups and California officials blasted the Trump administration's proposal to roll back car-mileage standards at a Monday hearing in a region with some of the nation's worst air pollution.

NEW YORK (AP) — President Donald Trump made reducing drug prices a key promise during his election campaign, repeatedly accusing drugmakers of "getting away with murder."

WASHINGTON (AP) — The "gig" economy might not be the new frontier for America's workforce after all. From Uber to TaskRabbit to YourMechanic, so-called gig work — task-oriented work offered by online apps — has been promoted as providing the flexibility and independence that traditional jobs don't offer.

FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi says he expects underlying inflation to rise in the 19 countries that use the euro as a stronger job market pushes up wages.

WASHINGTON (AP) — Congress is set to pass a crucial spending bill that averts a government shutdown, but there's one potential obstacle: President Donald Trump.

ATHENS, Greece (AP) — Tax authorities say they have used surveillance drones in Greece for the first time to spot violations on Santorini, where tourists were allegedly being taken on boat tours of the island's sea-filled volcanic crater without getting receipts.

LINCOLN, Neb. (AP) — The developer of the Keystone XL oil pipeline plans to start construction next year, after a U.S. State Department review ordered by a federal judge concluded that major environmental damage from a leak is unlikely and could quickly be mitigated, a company spokesman said Monday.

NEW YORK (AP) — Subscription radio company SiriusXM says it's buying music streaming service Pandora Media Inc. in a deal valued at about $3.5 billion that will allow it to expand its service beyond cars and into mobile devices and homes.

WASHINGTON (AP) — The Federal Reserve is set this week to raise interest rates for a third time this year to prevent the economy from growing too fast.

LONDON (AP) — Britain's main opposition party took a step at its annual conference toward backing a new referendum on Brexit — but stopped short of saying the vote should include an option not to leave the European Union at all.

Creating an estate plan is a gift to the people you leave behind. By expressing your wishes, you're trying to guide your loved ones at a difficult, emotional time.

BERLIN (AP) — Germany is looking to sell a secondhand surveillance drone that has cost the country more than 700 million euros ($823 million) to Canada — without many core components it needs to fly.

MILAN (AP) — An Italian newspaper reports that the Versace group is on the verge of announcing its sale to an American company for 2 billion euros ($2.4 billion).

LONDON (AP) — Brexit advocates unveiled Monday a new economic plan for Britain's departure from the European Union as official figures emerged showing the country's increasingly deteriorating trade in goods relationship with the bloc.

BANGKOK (AP) — Global stock markets were down on Monday after China reportedly rebuffed a plan for talks with the U.S. on resolving their dispute over trade and technology.

BEIJING (AP) — China and the United States imposed new tariff hikes on each other's goods Monday and Beijing accused Washington of bullying, giving no sign of compromise in an intensifying battle over technology that is weighing on global economic growth.

SINGAPORE (AP) — Singapore's competition watchdog has fined ride-hailing giant Uber and its regional rival Grab 13 million Singapore dollars ($9.5 million) for a merger in Southeast Asia that the agency says has driven up fares and reduced competition in the market.

FRANKFURT, Germany (AP) — Business confidence in Europe's largest economy fell only slightly in September despite worries about trade disputes that could harm growth.

PANAMA CITY (AP) — The June meeting was conducted behind closed doors far from the klieg-light attention normally focused on Venezuela.

WASHINGTON (AP) — As the midterm elections draw near, President Donald Trump's tendency to declare his campaign promises fulfilled when they aren't has come into starker relief.

BANGKOK (AP) — Shares have fallen in Asia after China reportedly rebuffed a plan for talks with the U.S. on resolving their dispute over trade and technology.

WASHINGTON (AP) — Farmers across the United States will soon begin receiving government checks as part of a billion-dollar bailout to buoy growers experiencing financial strain from President Donald Trump's trade disputes with China.

LIVERPOOL, England (AP) — Britain's main opposition Labour Party confirmed Sunday it will hold a major debate on Brexit at its party conference this week, buoying Labour members hoping to stop the country from leaving the European Union.