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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • Business Highlights

    ___ Stocks, bond yields fall sharply as growth worries spread NEW YORK (AP) — Wall Street was roiled Friday by new signs that global economic growth is slowing. The jitters triggered a sell-off in stocks and sent bond yields sharply lower, flashing a possible recession warning. The wave of selling knocked 460 points off the […]
  • How major US stock indexes fared Friday

    Stocks closed broadly lower on Wall Street Friday, erasing the market’s gains for the week, as investors became increasingly worried that the global economy is slowing down. Traders shifted money into bonds, driving yields sharply lower, which hurt bank stocks and flashed a possible recession warning. Small-company stocks fell more than the rest of the […]
  • Nike and Boeing fall while Hibbett and Tiffany post gains

    NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday: Nike Inc., down $5.82 to $82.19 The athletic apparel maker reported weaker-than-expected sales in North America and warned of a sales slowdown. Boeing Inc., down $10.53 to $362.17 Indonesia’s flagship carrier became the first airline to seek to cancel an order of […]
  • Trump slams European automakers, threatens US tariffs

    WASHINGTON (AP) — President Donald Trump criticized European auto makers Friday, suggesting he could impose tariffs on imports from companies such as BMW and Mercedes unless they build more plants in the United States. In an interview with Fox Business Network’s Maria Bartiromo, Trump said that he has rejected proposals from the European Union that […]
  • US budget deficit sets February record of $234 billion

    WASHINGTON (AP) — The federal government posted a record budget deficit in February, pushing the overall deficit for the first five months of the budget year up 39 percent from a year ago. The Treasury Department said Friday in its monthly report that the deficit hit an all-time high for February of $234 billion. That […]
  • Treasury grants further relief on IRS withholding penalties

    WASHINGTON (AP) — The Treasury Department announced Friday that it is expanding again the relief it grants taxpayers who had too little in income taxes withheld from their paychecks in the first year of a sweeping tax overhaul. Treasury said that taxpayers will be able to avoid penalties for paying too little in taxes as […]
  • Potential recession signal: A key ‘yield curve’ has inverted

    NEW YORK (AP) — One of the most closely watched predictors of a potential recession just yelped even louder. The signal lies within the bond market, through which investors show how confident they are about the economy by their level of demand for U.S. government bonds. It’s called the “yield curve,” and a significant part […]
  • Stocks, bond yields fall sharply as growth worries spread

    Wall Street was roiled Friday by new signs that global economic growth is slowing. The jitters triggered a sell-off in stocks and sent bond yields sharply lower, flashing a possible recession warning. The wave of selling knocked 460 points off the Dow Jones Industrial Average and gave the benchmark S&P 500 index its worst day […]
  • US existing-home sales jumped 11.8 percent in February

    WASHINGTON (AP) — U.S. home sales soared 11.8 percent in February, aided by accelerating wages and falling mortgage rates that are improving affordability. The National Association of Realtors said Friday that existing homes sold at a seasonally adjusted annual rate of 5.51 million last month, a decisively sharp rebound from a pace of 4.94 million […]
  • GM announces jobs, electric vehicle after Trump criticism

    ORION TOWNSHIP, Mich. (AP) — Less than a week after a series of critical tweets from the president over an Ohio plant closure, General Motors is announcing plans to add 400 jobs and build a new electric vehicle at a factory north of Detroit. The company says it will spend $300 million at its plant […]