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- By William Watts, MarketWatch Fed rate increases are akin to shaking a tree in that you don't know what will fall out, says Deutsche Bank's Ruskin Federal Reserve rate increases are a lot...
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Trump launches probe into auto imports, possible tariffs
(AP Photo - Jacquelyn Martin)
By KEN THOMAS
From Associated Press
May 23, 2018 9:00 PM EST

WASHINGTON (AP) — The Trump administration on Wednesday launched an investigation into whether tariffs are needed on the imports of automobiles into the United States, moving swiftly as talks over the North American Free Trade Agreement have stalled. President Donald Trump predicted earlier that U.S. automakers and auto workers would be "very happy" with the outcome of the NAFTA talks.

LAS VEGAS (AP) — Ripple effects are likely to be felt if 50,000 workers employed at more than 30 world-famous casino-hotels in Las Vegas go on strike.

WASHINGTON (AP) — The Latest on President Donald Trump and the auto industry (all times local): 9 p.m. President Donald Trump is directing the Commerce Department to begin an investigation into whether tariffs are needed on the import of automobiles into the United States.

SEATTLE (AP) — Amazon, Starbucks, Vulcan and other companies have pledged a total of more than $350,000 toward an effort to repeal Seattle's newly passed tax on large employers intended to combat homelessness.

WASHINGTON (AP) — Congress delivered a victory to President Donald Trump by expanding private care for veterans as an alternative to the troubled Veterans Affairs health system.

NEW YORK (AP) — A federal judge ruled Wednesday that President Donald Trump is violating the First Amendment when he blocks critics on Twitter because of their political views.

BOSTON (AP) — Massachusetts and Rhode Island have announced offshore wind projects aimed at delivering a combined 1,200 megawatts of energy — or enough to power 600,000 homes.

SAN FRANCISCO (AP) — Uber is pulling its self-driving cars out of Arizona, a reversal triggered by the recent death of woman who was run over by one of the ride-hailing service's robotic vehicles while crossing a darkened street in a Phoenix suburb.

WASHINGTON (AP) — President Donald Trump cast doubt Wednesday on the prospects for talks that are designed to head off a trade war between the United States and China.

It's a big question for smokers and policymakers alike: Do electronic cigarettes help people quit? In a large study of company wellness programs, e-cigarettes worked no better than traditional stop-smoking tools, and the only thing that really helped was paying folks to kick the habit.

WASHINGTON (AP) — Federal Reserve officials earlier this month suggested that another rate hike was on the way soon, while also noting several risks facing the economy, ranging from rising wage pressures to potential harm from the Trump administration's trade policies.

NEW YORK (AP) — U.S. stocks turned higher Wednesday after the Federal Reserve indicated it's not in a hurry to raise interest rates too quickly.

DOVER, Del. (AP) — CBS Corp. asked a Delaware judge on Wednesday to bless a move by its board to dilute the stock voting power of its controlling shareholder, the latest step in an ongoing legal battle for control of the mass media company.

ANKARA, Turkey (AP) — Under pressure to act, Turkey's central bank sharply raised its key lending rate Wednesday to try to stem an outflow of capital from the country, control inflation and support the beleaguered currency.

CHEYENNE, Wyo. (AP) — Block Chain Gang LLC, Crypto Cowboy, Something Something Blockchain LLC: Based on the names of dozens of new companies registering to set up shop in Wyoming, the state's effort to lure the latest tech craze appears to be paying off.

NEW YORK (AP) — Comcast and Disney are on the verge of a head-to-head bidding war for Fox's entertainment properties. The potential battle for Twenty-First Century Fox comes as traditional entertainment companies try to amass more properties to compete better with technology companies such as Amazon and Netflix for viewers' attention — and dollars.

NEW YORK (AP) — Target proved itself one of the few retailers that saw more customers both at its stores and online, though its investment in stores and delivery operations hurt first-quarter profit.

SOUTH BRUNSWICK, N.J. (AP) — Legislation that would authorize $300 million annually to rescue New Jersey's nuclear energy industry — a request for financial help made by the state's largest utility company — was signed into law Wednesday.

NEW YORK (AP) — Twitter says it's adding special labels to tweets from some U.S. political candidates ahead of this year's midterm elections.

WASHINGTON (AP) — A programming error led the FBI to vastly overstate the number of cell phones that investigators could not access because of encryption, officials said Wednesday.

FRANKFURT, Germany (AP) — Bulgaria has hit a setback to its hopes of soon becoming a member of the shared euro currency after the European Central Bank said the EU's poorest country needs "wide-ranging" reforms to get its economy in shape.

NEW YORK (AP) — President Donald Trump's personal lawyer, Michael Cohen, is distancing himself from an associate in the taxi industry who pleaded guilty to tax fraud.

WASHINGTON (AP) — Sales of new U.S. homes fell 1.5 percent in April, held down by a shortage of affordable houses in the most desirable areas and sharp pullback in purchases in the western United States.

NEW YORK (AP) — Five months after massive federal tax changes became law, many small business owners still don't know whether they'll be winners or losers.

NEW YORK (AP) — Why are we checking Facebook, Instagram, Twitter, then Facebook again when we just wanted to check the weather? Turns out, smartphone addiction is by design.