The day's business news at a glance
Stocks end higher after
experiencing a choppy day
U.S. stocks meandered but finished mostly higher Tuesday as retailers and industrial companies rose, and a jump in metals prices helped mining and materials companies.
Asian markets jumped after the North Korean government said it was open to talks with the U.S. about ending its nuclear program.
Lenders, watchdog agency show cozier relationship
The former CEO of a payday lending company that had been under investigation by the Consumer Financial Protection Bureau has asked to be considered for the top job at the watchdog agency, The Associated Press learned.
Such a request would have been extraordinary in the years when the agency was run by an Obama appointee and often targeted payday lenders.
Along with recent actions taken by the CFPB, it suggests a cozier relationship between industry and regulator.
Trump wants user-friendly electronic health records
The Trump administration said it wants to make electronic medical records easier for patients to use.
The new initiative called MyHealthEData will be overseen by the White House Office of American Innovation, headed by presidential son-in-law Jared Kushner.
Medicare will play a major role. Administrator Seema Verma said Medicare is working on a program called Blue Button 2.0, with the goal of providing beneficiaries with secure access to their claims data, shareable with their doctors.
Washington legislators tackle homelessness
Washington state lawmakers are advancing a measure that would prohibit landlords from turning away tenants that rely on federal housing assistance, Social Security income and veterans benefits.
It’s one of several efforts by Washington politicians and low-income housing advocates aimed at curbing one of the highest homeless rates in the nation.
Chinese firms will pay $14m in back wages
Four Chinese firms will pay nearly $14 million in back wages and damages to thousands of Chinese workers for construction of a casino in the U.S. Commonwealth of the Northern Mariana Islands.
The U.S. Department of Labor said Monday that investigators found employees were paid less than what was required by law.
Chao, lawmakers tangle over Hudson River project
Secretary of Transportation Elaine Chao says President Donald Trump is trying to get Congress to block funding for a multi-billion dollar railway tunnel project.
The project is a top priority of the Senate’s top Democrat, Chuck Schumer.
In contentious exchanges with several lawmakers, Chao told a House committee Tuesday that New York and New Jersey “have no skin in the game” and need to put up more money. But Democrats say his real motivation is to undercut Schumer.
Some driverless cars
damaged by angry people
One problem with self-driving cars is peopleed
The Los Angeles Times reports that, of six crash reports filed in California so far this year, two involved a person attacking a robot car.
Both incidents happened in San Francisco, according to Department of Motor Vehicles records.