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Trump sets White House meeting with Chinese trade negotiator

WASHINGTON (AP) — President Donald Trump says he’ll meet at the White House on Friday with the leader of the Chinese trade negotiating team that’s in Washington for the latest round of talks. The discussions are aimed at ending a 15-month trade battle, which is weighing on the global economy. With expectations for this week’s talks low, Trump tweeted Thursday that the negotiations were a “big day.” He said, “They want to make a deal, but do I?”

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GM workers worry about paying bills as strike continues

TOLEDO, Ohio (AP) — Losses are piling up for both sides in the nearly four-week old strike against General Motors. Workers walking the picket line say they’re cutting back on groceries and some are taking on part-time jobs while trying to get by on weekly strike pay of $250. GM’s full-time workers are out roughly $1,000 each week while a Wall Street analyst estimates GM is losing about $82 million per day.

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US consumer prices unchanged in September

WASHINGTON (AP) — Overall consumer prices were unchanged in September as a big decline in energy costs offset small gains in other areas. The Labor Department says the flat reading in its Consumer Price Index for September followed a tiny 0.1% August increase and left prices over the past 12 months rising at a modest annual rate of 1.7%.

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Under pressure from China, Apple pulls Hong Kong protest app

HONG KONG (AP) — Apple Inc. has angered some of its customers in Hong Kong by removing an app that was criticized by Beijing. The HKmap.live app was a handy little tool for people in Hong Kong who wanted to avoid police patrols during the sometimes violent protests that have shaken the city. Apple said the app “has been used to target and ambush police” and “threaten public safety.”

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Retiree checks to rise modestly amid push to expand benefits

WASHINGTON (AP) — Social Security says millions of retirees will get a modest 1.6% cost-of-living increase in 2020 — and that comes to about $24 more a month more the average retired worker. That news could have political consequences in an election year when Democrats are pushing more generous inflation protection, along with better benefits overall. After a significant boost this year, the cost-of-living adjustment, or COLA, for 2020 is reverting to its pattern of moderate gains.

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US long-term mortgage rates fall; 30-year at 3.57%

WASHINGTON (AP) — U.S. long-term mortgage rates fell this week amid continued uncertainty about the economy’s outlook. Mortgage rates have been running near historic lows, a potential boon to homebuyers. Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage dipped to 3.57% from 3.65% last week.

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Fed approves rules loosening Dodd-Frank bank restrictions

WASHINGTON (AP) — The Federal Reserve is easing restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump. The Fed approved a set of rule changes that implement legislation passed by Congress last year to loosen restrictions, particularly for smaller community banks, imposed by the Dodd-Frank Act passed in 2010. Trump has often criticized Dodd-Frank, which he says has hurt economic growth by making it harder for banks to lend.

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UK, Irish leaders see ‘pathway’ to elusive Brexit deal

LONDON (AP) — The leaders of Britain and Ireland say they have spotted a “pathway” to an elusive Brexit deal Thursday, keeping hopes of a breakthrough alive just three weeks before the U.K.’s deadline to leave the European Union. British Prime Minister Boris Johnson and Irish leader Leo Varadkar provided a status update on the issue after a private lunch meeting in northwest England that lasted for several hours.

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Record passenger traffic over the summer boosts Delta profit

ATLANTA (AP) — Delta Air Lines set records for passengers and revenue over the summer, helping lift its third-quarter profit 13% higher, to $1.5 billion. However, the airline gave a cautious outlook for the fourth quarter, including higher costs, that fell short of Wall Street expectations. The CEO says bookings for the holidays look good.

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Stocks climb for 2nd straight day on US-China trade optimism

NEW YORK (AP) — Stocks closed broadly higher on Wall Street for the second straight day Thursday as the U.S. and China kicked off a new round of negotiations in their long-running trade war. Technology companies and banks led the rally as investors turned hopeful that the latest trade talks will bring both sides closer to ending their costly conflict. Traders were encouraged after President Donald Trump said he’s going to meet with the head of Beijing’s negotiating team Friday.

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The S&P 500 rose 18.73 points, or 0.6%, to 2,938.13. The Dow Jones Industrial Average gained 150.66 points, or 0.6%, to 26,496.67. The Nasdaq added 47.04 points, or 0.6%, to 7,950.78. The Russell 2000 index of smaller companies picked up 5.90 points, or 0.4%, to 1,485.36.

The Associated Press