Economic Indicators

___ Facebook faces a day of reckoning, at least on Wall Street NEW YORK (AP) — The erosion in the value of Facebook as it is perceived on Wall Street involves some staggering numbers.

Top global whiskey associations put aside their marketplace competition Thursday to show a united front in denouncing tariffs and urging world leaders to end their disputes before trade wars start siphoning global sales of distilled spirits.

A steep drop in Facebook pulled technology stocks lower on Wall Street, even as other sectors climbed.

The Latest on President Donald Trump (all times local): 1:50 p.m. President Donald Trump is claiming a trade breakthrough with European allies as he visits Iowa, a state where farmers are suffering under tariffs imposed by China in retaliation for Trump's protectionist policies.

Facebook stock collapse wipes out $119 billion in market value, one of the worst single-day losses in history.

The House has approved a $716 billion defense policy bill that would give military personnel a 2.6 percent pay hike, the largest in nine years.

China, Russia and Iran are ramping up their theft of trade secrets and proprietary information from U.S. companies, government labs and universities to hurdle America's competitive edge.

To the relief of many, the United States and Europe have agreed to avert a trade war over autos and to work toward removing other barriers to trade.

A government report is outlining how spy services from China, Russia and Iran are hard at work trying to steal trade secrets and proprietary information from U.S. companies, government labs and universities.

Ciao, foreign stocks.

A group of Democrats in Congress says fishermen are headed for a financial disaster due to increasing tariffs, and the government should be prepared to provide relief.

Twitter shares fell Thursday after President Donald Trump said in a tweet the company was limiting visibility of prominent Republicans and said he was going to look into the matter.

Connecticut, New York and California are some of the U.S. states drowning in debt.

The latest on developments in financial markets (all times local): 9:35 a.m.

2Q GDP may show the US economy is turning a corner.

The European Central Bank is stressing that interest rates will stay low well into next year even as the U.S. Federal Reserve is expected to keep raising rates in coming months.

Ambassadors from the United States and China have exchanged barbs at the World Trade Organization over the countries' simmering trade dispute.

Tensions between the U.S. and the European Union over a possible automotive trade war have eased with officials agreeing to hold off on new tariffs and instead engage in talks to break down trade barriers.

The Latest on trade talks between the United States and the European Union (all times local): 8:50 a.m.

The healthy increase in durable goods orders points to robust growth in the April-June quarter.