Avie Schneider
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Stock markets recovered most of their losses late in the day, with the Dow closing down 79 points. Earlier, stocks slid after a Chinese tech executive was arrested, escalating U.S.-China tensions.
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The hotel giant said information on up to 500 million customers worldwide was exposed in a breach of its Starwood reservation database. The data includes dates of birth and passport numbers.
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Employers added more jobs than analysts expected, as the jobless rate remained at a nearly 50-year low. Friday's report gives voters a final glimpse of the economy before the midterm elections.
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That's slower than the second quarter's blockbuster 4.2 percent but puts the economy on pace for the fastest annual growth in 13 years.
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The jobless rate last month was the lowest since 1969, though the economy added a less-than-expected 134,000 jobs, the Bureau of Labor Statistics said. Wage growth slowed to a 2.8 percent rate.
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Bullish stocks, low unemployment, high confidence — from most angles, the economy is strong. But questions linger as the Federal Reserve raises interest rates for the third time in 2018.
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Hours after President Trump announced tariffs on $200 billion in Chinese goods, Beijing responded with its own levies on $60 billion worth of U.S. products.
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President Trump announced the U.S. will impose 10 percent tariffs on $200 billion worth of imports from China. It's the latest round of an escalating trade dispute between the two countries.
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The traditionally anti-union Tronc newspaper company on Friday agreed to allow journalists at its two Virginia papers to organize, averting the need for a federally overseen vote, organizers tell NPR.
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The focus heading into Apple's event was on its new iPhones, but it also unveiled a redesigned Apple Watch with a sensor allowing users to take an electrocardiogram they can share with their doctor.