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GM and union reach tentative deal that could end strike

DETROIT (AP) — The United Auto Workers and General Motors have reached a tentative contract agreement that could end a monthlong strike that brought the automaker’s U.S. factories to a standstill. The deal was hammered out after months of bargaining but it won’t immediately end the strike by more than 49,000 workers.

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Netflix’s US subscriber growth slowing as competition looms

SAN FRANCISCO (AP) — Netflix’s subscriber growth is bogging down even before the leading video streaming service confronts high-powered threats from Apple and Walt Disney Co. The latest sign of the challenges facing Netflix emerged Wednesday with the release of its third-quarter results. Netflix added 6.8 million subscribers worldwide from July through September, below the 7 million forecast by the company. The numbers provided further evidence Netflix’s salad days may be over, particularly in the U.S.

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Chinese snooping tech spreads to nations vulnerable to abuse

BELGRADE, Serbia (AP) — A video surveillance system with facial recognition by Chinese tech giant Huawei is being rolled out across hundreds of cities worldwide, particularly in poor countries with weak track records on human rights where Beijing has increased its influence through big business deals. With the United States claiming Chinese authorities can get access to Huawei data, the aggressive rollout is raising concerns about the privacy of millions of people in countries with little power to stand up to Beijing.

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Fed survey finds US economy being hurt by trade battles

WASHINGTON (AP) — The U.S. economy was expanding at a modest pace in September and into October despite the fact manufacturing was being hurt by rising trade tensions and weaker global growth while adverse weather was affecting farmers. The Federal Reserve, issuing its latest assessment of business conditions nationwide, reported that “persistent trade tensions and slower global growth” were weighing on the economy.

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Brexit talks inch closer to deal before summit

BRUSSELS (AP) — The European Union and Britain were inching ever closer to a Brexit deal, with the leaders of France and Germany saying they expected an agreement could be sealed within a day at an EU summit. Positive vibes radiated from French President Emmanuel Macron and German Chancellor Angela Merkel at a joint news conference Wednesday. But Brexit negotiations have been here before — seemingly closing in on a deal that is dashed at the last moment.

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Trump boasts that US would win tariff war with Europe

WASHINGTON (AP) — President Donald Trump is voicing confidence that the U.S. could not lose a tariff war with the European Union as the U.S. prepares to impose trade sanctions on up to $7.5 billion worth of EU goods. The Trump administration plans to impose the sanctions starting Friday following a World Trade Organization ruling that European plane maker Airbus received illegal subsidies.

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Farmers blame Trump for biofuels rule they view as betrayal

DES MOINES, Iowa (AP) — Farmers and biofuel industry officials are reacting angrily to a rule released by the Environmental Protection Agency that they say doesn’t uphold a promise President Donald Trump made to fulfil the intent of an ethanol law Congress passed. The EPA on Tuesday released a rule requiring oil refineries to replace the ethanol gallons lost through exemptions granted to small oil refineries. Farmers say it doesn’t do enough.

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Retail worry: Will wine, cheese tariffs hurt holiday sales?

NEW YORK (AP) — The tariffs the Trump administration is imposing on wine and cheese from Europe couldn’t come at a worse time for small retailers, just weeks before the holiday season. The tariffs will be on goods arriving in the U.S. as of Friday, but most holiday merchandise is already stateside. But store owners worry that shoppers will assume they’re already paying more for imported foods. If consumers shun those products, retailers can be left with a lot of unsold merchandise.

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Brazil’s income inequality hits highest since at least 2012

RIO DE JANEIRO (AP) — Brazil’s income inequality in 2018 has reached its highest level since the start of the national statistics’ series in 2012, reflecting an economic downturn that’s taken an outsized toll on the poor. Data from the national statistics agency released Wednesday shows the so-called Gini coefficient used to measure of inequality is at a level just above that registered in 2012.

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Technology companies lead modest slide for US stock indexes

NEW YORK (AP) — A day of mostly listless trading on Wall Street ended Wednesday with modest losses as the stock market gave back some of its gains from the day before. Technology stocks accounted for most of the selling, which lost some of its momentum toward the end of the day. The modest losses came as investors weighed mixed economic data and corporate earnings. A bid by the U.S. House to show support for pro-democracy protests in Hong Kong dimmed investor optimism over the U.S-China trade talks.

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The S&P 500 index lost 5.99 points, or 0.2%, to 2,989.69. The Dow Jones Industrial Average dropped 22.82 points, or 0.1%, to 27,001.98. The Nasdaq fell 24.52 points, or 0.3%, to 8,124.18. The Russell 2000 index of smaller stocks added 1.76 points, or 0.1%, at 1,525.06.

The Associated Press