Economic Indicators

China promises action on US trade deal but gives no details

China has issued an upbeat but vague promise to carry out a tariff cease-fire with Washington but gave no details that might help dispel confusion about what Presidents Xi Jinping and Donald Trump agreed to in Argentina.

Michigan Legislature OKs gutting wage, paid sick time laws

The Republican-led Michigan House was poised Tuesday to pass bills that would delay a minimum wage hike and scale back paid sick leave requirements, a lame-duck strategy that was endorsed legally by the state's conservative attorney general despite criticism that it is unconstitutional.

2 attorneys general to subpoena Trump Organization, Treasury

The attorneys general of the District of Columbia and Maryland plan to file subpoenas Tuesday seeking records from the Trump Organization, the Internal Revenue Service and dozens of other entities as part of a lawsuit accusing Donald Trump of profiting off the presidency.

Business Highlights

___ Renewed jitters over trade send stocks, bond yields lower Stocks plunged Tuesday as the goodwill generated by a truce between the U.S. and China over trade evaporated over confusion about what the two sides had actually agreed to.

US coal consumption drops to lowest level since 1979

Americans are consuming less coal in 2018 than at any time since Jimmy Carter's presidency, a federal report said Tuesday, as cheap natural gas and other rival sources of energy frustrate the Trump administration's pledges to revive the U.S. coal industry.

How major US stock indexes fared Tuesday

Stocks tumbled Tuesday, sending the Dow Jones Industrial Average down almost 800 points, as investors worried that a U.S.-China trade truce reached over the weekend wasn't all it was cracked up to be.

White House intensifies confusion and fear on US-China deal

The Trump administration is celebrating the 90-day truce it reached in its trade war with China as a significant breakthrough despite scant details, a hazy timetable and widespread skepticism that Beijing will yield to U.S. demands anytime soon.