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  • DENVER, CO Aug 20- American Airlines is cutting a route from Chicago to Shanghai, canceling the second direct flight from the U.S. city to China in four months, the carrier said on Tuesday, citing higher fuel costs and a "competitive environment." American, the largest U.S. carrier by passengers, cut a flight from Chicago to Beijing in May. United Airlines President...

  • WASHINGTON, Aug 21- Legislation warning Russia it would face heavy U.S. sanctions if it were found interfering in November's congressional elections will not be voted on anytime soon, Senate Majority Leader Mitch McConnell said on Tuesday, although he cited his strong interest in such a bill. Noting an already heavy September Senate floor schedule, McConnell...

  • NEW YORK, Aug 21- JPMorgan Chase& Co, in a bid to lure customers from the discount brokerage industry, said on Tuesday it will begin offering free stock trades for self-managed accounts through its Chase mobile banking app starting next week. In April 2017 Chief Executive Officer Jamie Dimon said in his annual letter that an "inexpensive" self-directed online tool...

  • A small group of fans who heard rapper Post Malone was on a private jet that blew two tires during takeoff at a small New Jersey airport and was diverted has gathered at an airport in Westfield, Massachusetts, hoping to watch the jet's emergency landing. Westfield- Barnes, Massachusetts, regional airport manager Eric Billowitz says the troubled Gulfstream IV is...

  • NEW YORK, Aug 21- The benchmark S&P 500 touched a record high on Tuesday and equaled its longest-ever bull-market run, as U.S. stocks rose on encouraging earnings reports in the consumer sector and relative calm in the ongoing trade dispute between the United States and China. The S&P rose as much as 0.6 percent to a record high of 2,873.23 points, topping its...

  • NEW YORK— The most valuable American companies at the start of the current bull market included an oil company and retail and consumer goods giants, and just one technology company. The top five most valuable companies at the end of February 2009— Exxon Mobil, Walmart, Microsoft, Procter& Gamble and AT&T— includes several in sectors that are generally considered...

  • SAO PAULO— Brazil's currency is falling against the U.S. dollar, continuing a slide fueled by uncertainty ahead of presidential elections. But Brazil's economy has also struggled to bounce back from a protracted recession, and it's unclear who will win the October presidential election. A poll released Monday showed far-right Congressman Jair Bolsonaro...

  • HARTFORD, Conn.— States with a history of fighting air pollution from coal-fired power plants are denouncing the Trump administration's move to scale back restrictions on emissions, with some threatening court challenges. Illinois Attorney General Lisa Madigan pledged Tuesday to "take legal action to ensure the federal government does its job" to protect...

  • SAO PAULO, Aug 21- The Brazilian real weakened past 4 to the U.S. dollar for the first time since March 2016 in Tuesday afternoon trading.

  • "Ship-to-ship transfers with North Korea- flagged vessels from Russia or elsewhere of any goods being supplied, sold, or transferred to or from are prohibited under the U.N. Security Council resolutions on North Korea and are sanctionable under U.S. law," U.S. The United States has been pressuring North Korea via sanctions to give up its nuclear weapons program.

  • *International markets prepare for U.S. sanctions vs Iran. *U.S.- China trade dispute threatens global economic growth. NEW YORK, Aug 21- Oil rose to its highest level in a week on Tuesday, ahead of a forecast drawdown in U.S. crude inventories and buoyed by the prospect of U.S. sanctions on Iran, though the trade dispute between Washington and Beijing kept traders and...

  • *Oil higher as Iran- driven rally gathers pace. NEW YORK, Aug 21- Global equity markets rose on Tuesday, with the S&P 500 setting a new record high, as strong earnings and economic growth fueled stocks, while the dollar weakened after U.S. "Remarkably, even at this point a new all-time record and on the verge of being the longest bull market in history it's got some room to...

  • *U.S. and China to meet for trade talks. Treasury yields rose on Tuesday on improving risk appetite, though investors were keenly awaiting a speech by Federal Reserve Chairman Jerome Powell at the end of the week. Davidson in Seattle, adding that "the big thing of the week is going to be Jerome Powell's comments on Friday."

  • WASHINGTON, Aug 21- Legislation warning Russia that it would face heavy U.S. sanctions if it is found interfering in November's congressional elections will not be voted on anytime soon, Senate Majority Leader Mitch McConnell said on Tuesday as he also cited his strong interest in such a bill. Noting an already heavy September Senate floor schedule, McConnell...

  • The Environmental Protection Agency proposal would require states to submit plans for improving efficiency of coal-fired power plants. The attorneys general of Virginia and New York quickly criticized the EPA announcement and said they would sue to block the rule if it becomes law. The EPA estimated carbon dioxide emissions would be higher under the...

  • Shares of Palo Alto, California- based Tesla rose to a high of $324.79 on Tuesday, bouncing off a three-month low on Monday when JP Morgan slashed its price target on the company by $113 and said it believed Chief Executive Elon Musk had not secured funding for taking Tesla private. Musk had tweeted early last week that he was working with buyout firm Silver Lake and...

  • *U.S. and China to meet for trade talks. Treasury yields rose on Tuesday on improving risk appetite, though investors were keenly awaiting a speech by Federal Reserve Chairman Jerome Powell at the end of the week. Davidson in Seattle, adding that "the big thing of the week is going to be Jerome Powell's comments on Friday."

  • Aug 21- U.S. companies' taste for their own shares is set to push buybacks past the $1 trillion- a-year mark for the first time as soon as November, TrimTabs Investment Research said, even as its latest data showed the pace of new repurchase announcements slowing during the second-quarter reporting season. Announcements made in the second-quarter reporting...

  • SAN JUAN, Aug 21- Short-term fixes, deficit financing and political pressures helped drive Puerto Rico into a fiscal catastrophe that landed the U.S. commonwealth in bankruptcy court last year, according to an investigative report released late on Monday. The 600- page report commissioned by the island's federally appointed oversight board last September...

  • CARACAS/ VALENCIA, Venezuela, Aug 21- Venezuela's streets were quieter than normal on Tuesday, but some businesses remained open despite an opposition call for a national strike to protest economic measures announced by socialist President Nicolas Maduro. The OPEC nation on Monday cut five zeros from prices and pegged the country's currency to an obscure...