Business Highlights


Consumers could be collateral damage if US expands tariffs

WASHINGTON (AP) — For many Americans, President Donald Trump's trade war may soon get very real. His administration is preparing to extend 25% tariffs to practically all Chinese imports not already hit with duties — including toys, sneakers, shirts, alarm clocks, toasters and coffeemakers. American businesses and consumers could end up paying higher prices.


Stocks rise, claw back chunk of Monday's trade-war plunge

NEW YORK (AP) — Stocks climbed on Tuesday, and the S&P 500 clawed back a third of its loss from Monday's rout in the latest whipsaw move as investors weigh just how badly the escalating U.S.-China trade war will hurt the economy. The day's rally was nearly a mirror image of Monday's plunge, just not as severe: Technology companies led the way higher after bearing the brunt of the selling on Monday, Treasury yields rose modestly and gold gave back a bit of its gains.


Is sea rise wrecking coastal home values? The answer: Maybe

SALISBURY, Mass. (AP) — Some research suggests rising sea levels and flooding brought by global warming are harming coastal property values, but how much is an open question. The advocacy group First Street Foundation suggests climate change concerns have sapped more than $15 billion in appreciation from homes along the Eastern Seaboard and Gulf Coast. But other researchers caution the oft-cited study assumes overly dire projections for sea level rise.


WhatsApp flaw let spies take control with calls alone

WhatsApp says its popular communications app had a vulnerability that hackers used to deliver spyware. The spyware allowed spies to effectively take control of dozens of phones in targeted operations. WhatsApp says the flaw has been fixed. It did not directly affect the end-to-end encryption that makes WhatsApp chats and calls private.


Disney takes over Hulu from Comcast as stream wars heat up

NEW YORK (AP) — Disney cut a deal with Comcast to take full control of Hulu as each prepares to launch its own streaming service. Comcast, which owns a third of Hulu, can sell its stake starting in 2024 for a minimum of $5.8 billion. Having total control of Hulu gives Disney more power to support its own streaming efforts as Comcast, AT&T and Apple all prepare to launch their own. An aftereffect of all these new services may well be the fragmentation of content across services.


New security flaw in Intel chips could affect millions

SANTA CLARA, Calif. (AP) — Intel has revealed another hardware security flaw that could affects millions of machines around the world. The chipmaker said Tuesday there's no evidence of bad actors exploiting the bug, which is embedded in the architecture of computer hardware. Intel says it could give let attackers see leaked data but it's difficult to exploit outside of a laboratory.


Escalating trade war causing anxiety in America's heartland

BISMARCK, N.D. (AP) — The escalating trade war between the U.S. and China is creating anxiety among rural farmers and bankers. RSM chief economist Joseph Brusuelas says the farm sector might see its greatest downturn in three decades. President Donald Trump promises more aid. But the American Soybean Association says farmers are tired of being "collateral damage in an endless tariff war."


Tribes across country push for better internet access

FLAGSTAFF, Ariz. (AP) — Native American tribes are pushing the federal government to give them priority when it issues licenses that could expand internet coverage in their communities. The Federal Communications Commission has not issued any new permanent licenses for the Educational Broadband Services spectrum in more than 20 years. It asked the public to weigh in on possible changes to the licensing system, including giving a priority to tribes.


Google opens German center to improve data privacy

LONDON (AP) — Google says it's opening a privacy focused engineering center in Munich, Germany, in its latest move to beef up its data protection credentials. CEO Sundar Pichai said Tuesday that the Silicon Valley tech giant is expanding its operations in the southern German city and plans to double the number of privacy engineers there to more than 200 by the end of 2019.


Walmart ups the delivery game with next day shipping

NEW YORK (AP) — Walmart is rolling out next-day delivery on its most popular items, raising the stakes in the retail shipping wars. The nation's largest retailer says Tuesday it's been building its own network of more efficient e-commerce distribution centers to enable the faster delivery. The move comes just two weeks after online behemoth Amazon said it's upgrading its free shipping option to Prime members who pay $119 a year to one-day delivery from two-day delivery.


The S&P 500 rose 22.54 points, or 0.8%, to 2,834.41. The Dow Jones Industrial Average rose 207.06, or 0.8%, to 25,532.05, and the Nasdaq composite index jumped 87.47, or 1.1%, to 7,734.49. The Russell 2000 index of smaller-company stocks rose 20.06 points, or 1.3%, to 1,543.06.