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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • Money

    Business Highlights

    ___ US oil output is booming and seen outpacing Saudis, Russia PARIS (AP) — A global energy agency says that U.S. oil production is growing quickly and is forecast to top that of heavyweights Saudi Arabia and Russia this year. The International Energy Agency says in its monthly market report that U.S. oil production, which […]
  • Money

    How major US stock indexes fared on Friday

    Stocks closed higher Friday, driving several of the major indexes to record highs. Retailers, banks and consumer goods companies accounted for much of the latest gains, which reversed modest losses from a day earlier. Energy stocks fell along with crude oil prices. Utilities also declined as bond yields hit the highest level in more than […]
  • Money

    Crunch time: What Amazon wants for its new HQ

    WASHINGTON (AP) — Just 20 cities are left standing in the competition for Amazon’s second headquarters and the 50,000 jobs it will bring. Now comes the hard part for the finalists — and for Amazon. Based on the cities that made the cut, and what the company told some of the cities that didn’t, the […]
  • Money

    Amazon, Lowe’s and Citizens rise while IBM and AmEx skid

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday: Amazon.com Inc., up $1.26 to $1,294.58 The online retailer said it will raise the price of a monthly Prime membership to $12.99 from $10.99. IBM Corp., down $6.75 to $162.37 The technology and consulting company gave up some of its recent gains despite […]
  • Money

    Quarles lays out road map for bank regulations

    WASHINGTON (AP) — The Federal Reserve’s top official on financial regulation is putting forward a wide-ranging agenda for improving the way the nation’s banks are regulated, saying he wants to focus on “efficiency, transparency and simplicity.” Randal Quarles, the Fed’s vice chairman for supervision, said Friday that he is looking at such things as improving […]
  • Money

    SEC letter shows bitcoin funds won’t happen soon, if ever

    NEW YORK (AP) — It may be a while, if ever, before investors can buy an exchange-traded fund made up of bitcoin and other digital currencies. Federal regulators have a long list of questions they want answered before they’ll approve a digital currency fund for Main Street investors. This week the Securities and Exchange Commission […]
  • Money

    US rig count down by 3 to 936; Wyoming adds 3

    HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. decreased by three this week to 936. That exceeds the 694 rigs that were active this time a year ago. Houston oilfield services company Baker Hughes reported on Friday that 747 rigs were drilling for oil and 189 for […]
  • Lifestyle

    Recalls this week: comforters, power adapters, bar stools

    A line of comforters are being recalled this week because of the potential presence of mold. Other recalled consumer products include digital camera power adapters and bar stools. Here’s a more detailed look: COMFORTERS DETAILS: Hudson comforters by UGG. They were sold at Bed Bath & Beyond stores and at www.bedbathandbeyond.com from August 2017 through […]
  • Money

    US stocks close higher as market sets latest record high

    Investors shrugged off the potential for a federal government shutdown Friday, driving U.S. stocks higher and setting new milestones for several of the indexes. The Standard & Poor’s 500 index, Nasdaq composite and Russell 2000 index of smaller-company stocks finished at record highs as the market bounced back from modest losses a day earlier. The […]
  • Money

    Amazon raises monthly Prime membership fees by 20 percent

    NEW YORK (AP) — Amazon is raising the price of its Prime membership monthly plan by nearly 20 percent. The fee of $99 for an annual membership will not change, the company said Friday. The online retailer had added the monthly payment option about two years ago as a way to hook shoppers — especially […]