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The Dow tumbled more than 950 points at one point on Monday and global stocks were in disarray after China escalated the trade war with the United States.The Dow finished down 767 points for the day. The Chinese government devalued the yuan to fall below its 7-to-1 ratio with the US dollar for the first time in a decade Monday. A weaker currency could soften the blow the United States has dealt China with its tariffs.The weak yuan ignited fear on Wall Street that a currency war has begun or that the United States would respond with even higher tariffs, prolonging the standoff with China and potentially weakening the global economy. Investors are particularly concerned that the Trump administration could try to devalue the dollar, sparking a currency war that could weaken Americans' purchasing power."Risks of Trump intervening in foreign exchange markets have increased with China letting the yuan go," wrote Viraj Patel, FX and global macro strategist at Arkera, 987
The General Motors strike has caused a major disruption in the supply of auto parts to mechanics. Hannah Pelletier of Davis Auto Repair got the last brake module in her town to fix Chevy Suburban. “With the strike, we’re seeing parts take a week to two weeks,” said Pelletier.Pelletier said the typical wait is one to two days. “We normally get daily shipments and right now the shipments ha been sporadic,” said David Hunn, the service manager at Ed Bozarth Chevrolet in Aurora, Colorado. It’s not just the independent repair shops either. GM dealerships like Ed Bozarth's also in Aurora doesn’t know when their deliveries are coming. "Right now I’ve got three vehicles that are tied up waiting on parts,” Bozarth said.Hunn said one of his customers has been waiting three weeks to get their car fixed. There’s nothing he can do right now. He can’t fix it without the right pieces. In a statement, GM said dealers have a limited supply of parts, but that they're supplementing with inventory from wholesale dealers and other suppliers. The company says its ability to ship from distribution centers is limited. “Being an independent shop, our employees are very important to us. So if they felt they weren’t being taken care of we would want to do what we can because they’re what builds my business,” said Pelletier. Pelletier said she understands why the workers went on strike. But that doesn’t change the fact that she still needs parts to fix cars. “I would say if we had it for another month, that’s when we’re really going to start feeling it,” said Pelletier And dealerships like Ed Bozarth have been well stocked. “We do have a really good inventory plus we have two dealerships in town that we, we trade parts back and forth with,” said Hunn. But both David and the workers in his shop admitted that the lack of deliveries is putting a strain on them to get things done on time. 1905

The New York Police Department is looking for a man who allegedly knocked out a 73-year-old woman's teeth in Lower Manhattan when he attempted to rape her, authorities said Tuesday. NYPD released a a video and photos of the alleged attacker on social media, asking for the public's help. The man appears to be wearing a red track suit and what looks like a neck pillow.The man demanded sex from the 73-year-old woman around 12:45 a.m. on Sunday in Lower Manhattan, authorities said. When she refused, he attacked the woman and punched her several times in the face, knocking out her teeth and breaking her eye socket.The suspect then fled the scene after taking the woman's purse, police said.Anyone with information is encouraged to call NYPD Crime Stoppers at 1-800-577-TIPS or NYPD detectives at 212-334-0635. NYPD Crime Stoppers is offering a reward up to ,500. 879
The catastrophic fire at the Notre Dame Cathedral could have been caused by a burning cigarette or an electrical malfunction, French prosecutors said Wednesday.A preliminary investigation into the April fire, which devastated large parts of the 850-year-old church, found no signs that the blaze was started deliberately, Paris prosecutor Remy Heitz said in a statement.Investigators carried out a hundred witness hearings during the preliminary investigation, which concluded on Wednesday, Heitz said.Prosecutors are now looking into the possibility of negligence and said they were opening a judicial investigation."If certain failings -- which may explain the scale of the fire -- have been brought to light, the investigations carried out to this date have not been able to determine the causes of the fire," Heitz said.Heitz said the judicial investigation would be carried out "on the grounds of involuntary damage by fire due to a manifestly deliberate breach of a duty of care or safety imposed by law or regulation, which occurred under conditions likely to expose persons to bodily harm." 1110
The man accused of kidnapping 13-year-old Jayme Closs and killing her parents is due in a Wisconsin court for an arraignment.Jake Patterson, 21, is charged with two counts of intentional homicide and a count of kidnapping and armed burglary.Since his arrest in January, Patterson has communicated with TV journalists at least twice. In February, he sent a letter to a 379
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