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What's News |
| Good Morning Here's what we're watching as the U.S. business day gets under way: |
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States target Big Tech. A group of state attorneys general is preparing to move forward with a joint antitrust investigation of big technology companies, adding another layer of scrutiny to an industry already under a federal spotlight. |
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Tariffs threaten apparel industry's top supplier. U.S. apparel companies are bracing for squeezed profits and potential store closures as a result of President Trump's pledge to extend tariffs on Chinese imports. About 40% of clothing and 70% of shoes sold in the U.S. are made in China. |
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Planned Parenthood to forgo federal funding over abortion rule. The organization said it would withdraw from the Title X family-planning program—at a cost of about $60 million a year—rather than comply with a new Trump administration rule preventing clinics from referring patients for abortions. |
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Trump calls for a sharp rate cut, criticizes Powell. The president again attacked the Federal Reserve chairman for a “horrendous lack of vision.” Stocks paused as investors await signs of the Fed's next policy moves. |
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China detains employee of Hong Kong's U.K. Consulate. Simon Cheng, a trade and investment officer, attended a business event in neighboring Shenzhen on Aug. 8 and has not returned, local media reported. |
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Social media firms target disinformation on city's protesters. Twitter said it had suspended 936 accounts, citing a “coordinated state-backed operation” to discredit the demonstrators. Facebook said it removed five suspect accounts. |
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NYPD fires officer involved in Garner's death. The department said Daniel Pantaleo could no longer effectively serve after he was accused of recklessly using force during the 2014 arrest of Eric Garner, an unarmed black man whose death became a flashpoint in the debate over race and policing. |
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U.S. warns Greece against hosting Iranian tanker. After the tanker was released by Gibraltar, the State Department said those who facilitate the vessel, which is carrying oil it deems illicit, would face immigration and potential criminal consequences. |
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| GARETH PHILLIPS FOR THE WALL STREET JOURNAL |
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India is running out of water. Water crises are unfolding all across the country, a product of population growth, modernization, climate change, mismanagement and the breakdown of traditional systems of distributing resources. |
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Cereal makers grapple with stale sales. Under increasing competition, General Mills and Kellogg are struggling to improve sales of puffed rice, wheat flakes and oat clusters that were once a standard part of Americans’ morning routines. 🎧 Hear more from reporter Micah Maidenberg in today's What's News podcast. |
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Vaping moves from the bathroom to the classroom. Middle-school and high-school students are becoming more daring in their use of electronic cigarettes, often vaping right under their teachers’ noses, writes Julie Jargon. |
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The problems, and potential fixes, for the Boeing 737 MAX. Two fatal crashes have shown the vulnerabilities of the aircraft’s flight-control system. Here’s a look at the multiple problems and how the company plans to tackle them. |
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Can dancing prevent dementia? A new study is looking at the cognitive benefits of group dance classes in hopes of discovering new tools to fend off the disease. |
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If the economy sours, Democrats will face a tough choice. Which candidate would benefit more from a recession: a moderate such as Joe Biden, or a candidate offering sharp changes like Sen. Elizabeth Warren? Voters may disagree, Gerald F. Seib writes. |
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Pot industry underestimates old-school dealers. Traditional drug dealers are still formidable competitors in states where cannabis is legal. Governments planning for huge tax windfalls and investors expecting rapid market-share gains have to adjust to a slower burn. |
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Being an adult is hard. That's why some people, decades from elementary school, are reliving schoolyard memories with tetherball, hopscotch and Lincoln Logs at "adult recess" events, despite sore muscles and tweaked knees. |
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| What Members Are Talking About |
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| Highlights from our trade coverage |
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1. U.S.-China trade fight is the public face of a global slide toward protectionism. But there are deeper problems, including regulations, tax breaks and export subsidies that have been distorting trade for years. 2. Trump abruptly scaled back tariffs on Chinese goods. But an array of apparel, electronics, watches and sporting goods from China will still be hit starting Sept. 1, hurting consumers and potentially slowing fourth-quarter growth. 3. Trade tensions spooked consumers. The University of Michigan's August consumer sentiment index fell sharply as households worried about higher prices due to tariffs on Chinese imports and the Fed’s recent rate cut. Want more on trade and the economy? Sign up to get our daily Real Time Economics newsletter delivered to your inbox for the latest insight and analysis. — Jeffrey Sparshott |
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Yield-curve inversion may be good news for this sector. Last week’s inversion caused widespread alarm, but it could be an encouraging sign for the stock market’s biggest laggard this year: energy stocks. |
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Great Fire in Western U.S. Begins A devastating series of wildfires swept through Idaho, Montana and Washington in what became known as the "Big Blowup." The fires reportedly burned more than 3 million acres and killed at least 85 people, most of them firefighters. |
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