National News

Markets Right Now: Stocks drop on trade worries

by Associated Press

NEW YORK (AP) — The latest on developments in financial markets (all times local):

9:35 a.m.

Stocks are falling on Wall Street Friday as investors again worry about whether the U.S. and China can settle their dispute over trade.

Technology and industrial companies dropped the most as the S&P 500 heads for a second straight weekly decline. That hasn’t happened so far in a year where the index is up about 14%.

Deere shares dropped 4.6% after the farm equipment maker’s second quarter earnings missed Wall Street expectations. Deere lowered its outlook for year due to the trade war and a

Prosecutors seek life term for ex-CIA man on spy conviction

by Associated Press

ALEXANDRIA, Va. (AP) — A former CIA officer could get up to life in prison when he’s sentenced on his conviction of spying for China.

The sentencing for Kevin Mallory of Leesburg, Virginia, has been delayed multiple times, in part because prosecutors and defense attorneys still disagree on the extent of Mallory’s misconduct.

A jury convicted Mallory last year under the Espionage Act for providing classified information to Chinese handlers in exchange for $25,000.

A judge ordered additional briefing on technical evidence about whether Mallory actually sent certain Top Secret documents to the