Economic Indicators

How to stretch summer job money

Toiling behind the ice cream counter or sweating on the lifeguard stand aren't just rites of passage for college students.

US jobless claims rise slightly, labor market firming

Claims data has been volatile in recent weeks because of difficulties adjusting the data for seasonal fluctuations at the start of July when motor vehicle manufacturers close assembly lines for retooling.

UK rates raised to highest since 2009 despite Brexit worries

The Bank of England is expected to raise its benchmark interest rate Thursday for only the second time since the 2008 financial crisis as it weighs a strong jobs market and high inflation against the growing concerns about the economic impact of Brexit.

China calls draft pact on territorial feud a 'breakthrough'

Southeast Asia's top diplomats have opened an annual meeting to tackle a slew of security concerns, including South China Sea territorial disputes, with host Singapore calling on the bloc to brace for external tumult including rising protectionism.

Global stocks extend losses on China-US trade worries

Asian shares slipped Thursday, tracking losses overnight on Wall Street, where investors sold industrial stocks following reports that the Trump administration is considering a higher tax rate on Chinese imports.

Business Highlights

___ Social media plays whack-a-mole with Russia interference NEW YORK (AP) — Facebook is spending heavily to avoid a repeat of the Russian interference that played out on its service in 2016.But it doesn't appear to have the upper hand yet — and may never.

US proposes higher tax on $200 billion in Chinese imports

The Trump administration is proposing raising planned taxes on $200 billion in Chinese imports to 25 percent from 10 percent, turning up the pressure on Beijing in a trade war between the world's two biggest economies.

How major US stock indexes fared Wednesday

Apple surged to its biggest gain in a year and a half Wednesday and drew closer to $1 trillion in value after it reported stronger iPhone sales and rising prices.