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Market Update  

- By Jeffry Bartash, MarketWatch U.S. growth in second quarter seen doubling to 2.8% from 1.4% WASHINGTON (MarketWatch) -- The U.S. economy stumbled out of the gate in 2017, but it's picked...
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Business News  

Gambler tied to golfer Phil Mickelson gets 5 years in prison
(AP Photo - Richard Drew)
By LARRY NEUMEISTER
From Associated Press
July 27, 2017 1:04 PM EST

NEW YORK (AP) — A Las Vegas gambler linked to golfer Phil Mickelson was sentenced Thursday to five years in prison by a judge who said the businessman collected tens of millions of dollars illegally in the stock market to seem like "a winner" to himself and others.

NEW YORK (AP) — New White House communications director Anthony Scaramucci owns property and businesses worth more than $50 million.

WASHINGTON (AP) — Volkswagen says U.S. environmental regulators have agreed to a plan for the German automaker to fix or buy back about half of the diesel cars involved in its emissions cheating scandal.

LONDON (AP) — Richard Branson is selling his majority stake in Virgin Atlantic. The billionaire entrepreneur's Virgin group announced Thursday that he was selling a 31 percent stake to Air France-KLM for 220 million pounds ($287 million).

LONDON (AP) — British police say they have "reasonable grounds" to suspect that local officials may have committed corporate manslaughter in a deadly high-rise fire in London.

COLUMBUS, Ohio (AP) — The Ohio State Fair opened Thursday but its amusement rides remained closed one day after a man was killed and seven other people were injured when a thrill ride broke apart and flung people into the air.

WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week for the second week in a row, despite the Federal Reserve's efforts to lift borrowing costs.

WASHINGTON (AP) — Battered by repeated failures to repeal or replace "Obamacare," Senate GOP leaders retreated to a narrow approach Thursday that would undo just a few of the most unpopular elements of Barack Obama's law.

FRANKFURT, Germany (AP) — Deutsche Bank says former top executives have agreed to give up 38.4 million euros ($44.9 million) in disputed bonuses that were withheld while the board of directors raised questions about their responsibility for the bank's legal troubles.

LONDON (AP) — Royal Dutch Shell is planning for the day when demand for oil starts fading as major economies move away from oil and increasingly turn to electric-powered cars, Chief Executive Ben van Beurden said Thursday.

MADISON, Wis. (AP) — Foxconn Technology Group's manufacturing plant in Wisconsin wlll be the first U.S.-based facility for the Taiwan-based electronics giant.

HELSINKI (AP) — Nokia continued to be hit by a decline in its core networks sector in the second quarter with almost flat sales, and cautioned Thursday that a weakening in networks would be greater than previously expected.

For the first time in the United States, scientists have edited the genes of human embryos, a controversial step toward someday helping babies avoid inherited diseases.

NEW YORK (AP) — Wealthy investors say former biotech CEO Martin Shkreli told them he was managing tens of millions of dollars' worth of investments, that they were making double-digit returns and they could withdraw their money at any time.

BERLIN (AP) — German authorities have found what they consider an illegal "defeat device" in a Porsche diesel model that manipulates emissions levels, leading to the recall of some 22,000 cars.

DUBAI, United Arab Emirates (AP) — Qatar has hired a Washington influence firm founded by former top campaign aides to President Donald Trump and another specialized in digging up dirt on U.S.

Exchange-traded funds have swept the stock market over the past decade and been a blessing for many investors. But while large index-based funds, such as those that track the Standard & Poor's 500, may fairly represent the index's stocks, smaller niche ETFs don't always deliver strictly what their names promise, and you might wind up indirectly buying a lot of something you didn't really want.

NEW YORK (AP) — Not that long ago, the clunky cable box looked like it was on its way out. The federal government was pressuring cable companies to open up their near-monopoly on boxes to more competition, and industry leader Comcast promised apps that could render some boxes obsolete.

DETROIT (AP) — On any given day this summer, you might find 97-year-old Lennart Ribring driving his 2016 Ford Mustang GT on a winding road near his home in Sweden.

ATLANTA (AP) — Online retailing in the U.S. propelled higher second-quarter profit at UPS above Wall Street expectations. As the peak December shipping season approaches, UPS is standing by its forecast for full-year earnings.

LONDON (AP) — Shares in Anglo-Swedish drugmaker AstraZeneca plunged as much as 17 percent Thursday after a new lung cancer treatment proved less successful than the company had hoped.

WASHINGTON (AP) — More Americans applied for jobless aid last week, though the number of people seeking benefits remains near historic lows pointing to a healthy job market.

WASHINGTON (AP) — Orders for long-lasting U.S. factory goods posted the biggest gain in nearly three years last month, pulled up by a surge in demand for civilian aircraft.

TOKYO (AP) — Global stocks were mixed on Thursday as investors digested a raft of corporate earnings results and the Federal Reserve's decision to pause its slow-moving campaign to raise interest rates.

NEW YORK (AP) — Twitter has made it clear that it won't ban Donald Trump from its service, whether the president follows its rules against harassment or not.