• In this Friday, Nov. 13, 2015, file photo, the American flag flies above the Wall Street entrance to the New York Stock Exchange. U.S. stocks slipped early Tuesday, Aug. 16, 2016, as investors continued to sell phone company and utility stocks. Materials companies are the exception, as they’re trading higher as the dollar weakens. Investors are also sifting through reports that showed inflation remained weak in July, but home building and factory production improved. (AP Photo/Richard Drew, File)

    US stocks earnings hit retailers like Target and Lowe’s

    BEIJING (AP) — Asian stocks rose Wednesday after Wall Street edged higher on news the U.S. Federal Reserve is in no hurry to raise interest rates. Japan’s benchmark fell after the country reported declines in both exports and imports in July.

  • Republican presidential nominee Donald Trump looks over the crowd during his campaign rally Tuesday, Aug. 16, 2016 in West Bend, Wis. (John Ehlke/West Bend Daily News via AP)

    How the Trump and Clinton tax plans would affect Americans

    WASHINGTON (AP) — For America’s wealthiest families, the presidential campaign presents a stark choice: A big tax increase if Hillary Clinton wins the election — or a big tax cut if Donald Trump wins.

  • In this Friday, Nov. 13, 2015, file photo, the American flag flies above the Wall Street entrance to the New York Stock Exchange. U.S. stocks slipped early Tuesday, Aug. 16, 2016, as investors continued to sell phone company and utility stocks. Materials companies are the exception, as they’re trading higher as the dollar weakens. Investors are also sifting through reports that showed inflation remained weak in July, but home building and factory production improved. (AP Photo/Richard Drew, File)

    US stocks dip as phone stocks fall; earnings hit retailers

    NEW YORK (AP) — U.S. stocks are trading lower Wednesday morning as losses for phone and utility companies continue to drag the market from its recent record highs. Retailers including Target and Lowe’s are skidding after disappointing earnings. The Federal Reserve will release minutes from its July meeting in the afternoon.