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US stocks sink as 10-year Treasury yield climbs

NEW YORK (AP) — Wall Street sank on Tuesday as rising pressure from the bond market pulled U.S. stocks further from their records. The S&P 500 fell 0.7% for its worst day in a month after paring a loss that earlier reached 1.5%. The Dow Jones Industrial Average dropped 249 points, or 0.5%, ...

1.2 million immigrants gone from US labor force, preliminary data shows

It's tomato season and Lidia is harvesting on farms in California's Central Valley. She is also anxious. Attention from U.S. Immigration and Customs Enforcement could upend her life more than 23 years after she illegally crossed the U.S.-Mexico border as a teenager. "The worry is they'll ...

Tax on imported drugs risks higher prices and shortages

WASHINGTON (AP) — President Donald Trump has plastered tariffs on products from almost every country on earth. He’s targeted specific imports including autos, steel and aluminum. But he isn’t done yet. Trump has promised to impose hefty import taxes on pharmaceuticals, a category of products he’s largely spared in his trade war. For decades, in fact, imported medicine has mostly been allowed to enter the United States duty free. That’s starting to change. U.S. and European leaders recently detailed a trade deal that includes a 15% tariff rate on some European goods brought ...

Fed governor’s lawyer says she’ll sue Trump to keep her job

WASHINGTON (AP) — Federal Reserve Gov. Lisa Cook will sue President Donald Trump's administration to try to prevent him from firing her, her lawyer said Tuesday. The announcement makes it more likely that a high-stakes legal battle will ensue that will probably end up at the Supreme Court, ...

Consumer confidence dips

WASHINGTON (AP) — Americans' view of the U.S. economy declined modestly in August as anxiety over a weakening job market grew for the eighth straight month. The Conference Board said Tuesday that its consumer confidence index ticked down by 1.3 points to 97.4 in August, down from July's 98.7, but in the same narrow range of the past three months. The small decline in confidence was in line with the forecasts of most of the economists who were surveyed. A measure of Americans' short-term expectations for their income, business conditions and the job market fell by 1.2 points to ...