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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • Expand your homebuying options with a fixer-upper mortgage

    It’s the lament of first-time homebuyers in just about every housing market: There aren’t enough entry-level homes available that are move-in ready. One solution is to broaden the search to fixer-uppers. With a renovation mortgage, you can get one home loan that combines the purchase price with the cost of improvements. NOT ENOUGH AFFORDABLE HOMES […]
  • For retailers, the smartphone is future of store experience

    NEW YORK (AP) — Retailers are taking back some control of the store experience with smartphone app features that let customers do things like scan and pay, as well as download digital maps. Nike created a buzz last month when it unveiled two new features on its mobile app during the opening of its latest […]
  • Report: China could allow more access for foreign companies

    WASHINGTON (AP) — A media reports suggest Beijing is scrapping its “Made in China” industrial policy criticized by the Trump administration in favor of one that allows greater access for foreign companies. The Wall Street Journal said Wednesday that the revised plan would play down China’s bid to dominate manufacturing, and allow more outside competition. […]
  • Markets Right Now: Stocks jump at the start of trading

    NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Global stock indexes are climbing as investors hope for progress in U.S.-China trade negotiations. Technology companies and retailers rose Wednesday. Microsoft jumped 2.1 percent and Amazon rose 1.3 percent. Energy companies jumped as crude oil prices rose 1.4 percent. […]
  • US consumer prices flat in November as energy plunges

    WASHINGTON (AP) — U.S. consumer prices were unchanged in November, the best performance since prices actually fell eight months ago. The docile inflation reading reflected a big drop in the cost of gasoline and other energy products. The Labor Department said Wednesday that the unchanged inflation reading last month followed a 0.3 percent jump in […]
  • Out with the new, in with the old: Edmund picks 6 used cars

    Buying a used car instead of a new one has long been a surefire way to save money. Someone else takes the initial depreciation hit — between 25 to 30 percent on average for the first year — so you pay a lot less for the car and finance a smaller amount. But some vehicles […]
  • China mum on detained Canadian, queries status of employer

    BEIJING (AP) — China’s foreign ministry denied knowledge Wednesday of the detention of a former Canadian diplomat but said the organization he was working for, the International Crisis Group, is not registered in China and so any of its work in the country would be illegal. “Once its staff become engaged in activities in China, […]
  • US-China trade hopes help shore up global stock markets

    LONDON (AP) — Global shares rose Wednesday amid hopes for progress in U.S.-China trade talks while U.K. markets took in stride the news that British Prime Minister Theresa May will face a no-confidence vote among her party’s lawmakers later. KEEPING SCORE: In Europe, Germany’s DAX was up 1.2 percent at 10,904 while the CAC 40 […]
  • Business Highlights

    ___ Canada-China relations turn icy over arrest of Chinese exec VANCOUVER, British Columbia (AP) — China has detained a former Canadian diplomat in Beijing in apparent retaliation for the jailing of a top Chinese executive at the request of the United States, escalating a legal and diplomatic wrangle between the three countries. Relations were shaken […]
  • How major US stock indexes fared Tuesday

    U.S. stocks careened between big gains and losses on Tuesday before indexes ended the day mixed, the latest dizzying run for a market that’s been dominated by them in recent months. A morning burst driven by hopes for U.S.-China trade talks gave way to losses triggered by falling bank stocks and the threat of a […]