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Market Update  

- By Sue Chang, MarketWatch , Dow Jones Newswires Trump threatens to impose tariffs on $500 billion in Chinese imports Asian stocks finished mostly higher Friday, aided by a drop in the Chi...
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Business News  

Japan's Abe: US auto tariff will damage US, world economy
(AP Photo - Eugene Hoshiko)
From Associated Press
July 20, 2018 9:15 AM EST

TOKYO (AP) — Japan's Prime Minister Shinzo Abe has warned the U.S that higher tariff on auto imports would backfire and harm not only America's jobs and economy but also devastate the global economy.

President Donald Trump has indicated that he's willing to hit every product imported from China with tariffs and again criticized the Federal Reserve, as well as some of the nation's biggest trading partners.

SINGAPORE (AP) — A cyberattack on Singapore's public health system breached records on 1.5 million people and targeted the prime minister, a two-time cancer survivor, officials said Friday.

BERLIN (AP) — Chancellor Angela Merkel acknowledged Friday that a bitter fight over migrant policy hurt Germans' confidence in her government, but said she never thought of quitting and insisted that her administration is doing solid work.

COLUMBUS, Ohio (AP) — Mark Wahlberg wants you to see the U.S.A. in a Chevrolet. The 47-year-old actor, producer, businessman and former rapper on Thursday announced he's launching his first car dealership, Mark Wahlberg Chevrolet in Columbus, Ohio.

SINGAPORE (AP) — World stock markets fell sharply Friday after U.S. President Donald Trump said he was prepared to put new tariffs on all Chinese imports, escalating the rhetoric in a trade war that could hit global economic growth.

ABU DHABI, United Arab Emirates (AP) — Chinese President Xi Jinping is in the United Arab Emirates meeting with top leaders as the two countries seek to deepen economic ties.

BEIJING (AP) — China's central bank is allowing its tightly controlled currency to drift lower against the dollar, a move that could help Chinese exporters cope with U.S.

WASHINGTON (AP) — President Donald Trump on Thursday cast aside concerns about the Federal Reserve's independence, saying he was "not happy" with the Fed's recent interest rate increases.

SEATTLE (AP) — Sesame Street is taking its beloved, critically acclaimed brand of educational television into the highly profitable world of classroom curriculum — a move that experts say could open the door for other companies to move into the sensitive learning space with possible influence on children.

SINGAPORE (AP) — Asian markets wobbled Friday on signs that China and the U.S. were preparing to impose more tariffs on each other's products.

PORTLAND, Ore. (AP) — Farmers rushed to save their livelihoods as a wildfire roared through vast Oregon wheat fields Thursday and crushed their hopes at the peak of what was expected to be one of the most bountiful harvests in years.

NEW YORK (AP) — Denying the Holocaust happened is probably OK on Facebook. Calling for a mob to kill Jews is not. Mark Zuckerberg's awkward and eyebrow-raising attempt this week to explain where Facebook draws the line illustrates the complexities social media platforms face as they take on the unwanted role of referee in this age of online misinformation, manipulation and hate speech.

WASHINGTON (AP) — The Senate Finance Committee narrowly approved on a party-line vote President Donald Trump's choice to become the new head of the IRS, with the panel's Democrats protesting the nomination because of a new IRS policy allowing some groups to hide their donors' identities.

HONOLULU (AP) — Stunning images of Hawaii's erupting Kilauea volcano have captivated people around the world. But ironically it's nearly impossible for residents and visitors on the ground to see the lava — a fact that's squeezing the tourism-dependent local economy.

WASHINGTON (AP) — The U.S. Commerce Department sought feedback on President Donald Trump's plans to consider taxing auto imports.

SEATTLE (AP) — A Canadian company is the first marijuana business to complete an initial public offering on a major U.S. stock exchange, raising $153 million to expand its operations as Canada prepares to legalize the drug nationwide.

REDMOND, Wash. (AP) — Microsoft Corp. on Thursday reported quarterly profit of $8.9 billion, boosted in part by its efforts to rival Amazon as a key cloud computing provider for retailers and other businesses.

WASHINGTON (AP) — Promoting a robust economy, President Donald Trump pressed U.S. companies and trade associations on Thursday to enhance their job training programs as employers search for qualified skilled workers to fill vacancies.

WASHINGTON (AP) — So which Democrat would President Donald Trump most like to run against in 2020? He says it's Joe Biden. Trump tells CBS News in an interview broadcast Thursday that "I dream about Biden."

WASHINGTON (AP) — President Trump's nominee to take over the nation's consumer watchdog agency exasperated some Democrats with vague answers at a Senate hearing Thursday, but Kathy Kraninger appears to be on her way to getting confirmed later this year.

PAHOA, Hawaii (AP) — A tour boat accident has drawn renewed attention to Hawaii's Kilauea volcano, but for Big Island residents the erupting lava has been an ever-present force for more than two months.

SANTA FE, N.M. (AP) — The Latest on state governors and concerns about foreign trade and investment (all times local): ___ 12:45 p.m.

WASHINGTON (AP) — The Latest on President Donald Trump's job training initiative (all times local): 3:40 p.m. President Donald Trump says nearly two dozen companies and trade organizations are signing his pledge to provide job training and apprenticeship programs as a way to boost the U.S.

WASHINGTON (AP) — The Latest on the confirmation hearing for Kathy Kraninger (all times local): 1:30 p.m. After roughly three hours, the confirmation hearing for President Donald Trump's nominee to run the Consumer Financial Protection Bureau has ended.