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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • US energy official sees ‘great promise’ in eastern Med

    NICOSIA, Cyprus (AP) — A U.S. State Department official says Washington sees “great promise” in developing energy resources in the eastern Mediterranean as ExxonMobil began exploratory drilling off Cyprus’ southwestern coast. Francis Fannon, the Assistant Secretary of State responsible for energy matters, says Washington sees existing and potential gas deposits in the east Mediterranean as […]
  • Markets Right Now: Stocks open lower on Wall Street

    NEW YORK (AP) — The latest on developments in financial markets (all times local): ___ 9:35 a.m. Stocks are opening mostly lower on Wall Street, erasing some of the market’s gains from a day earlier. Technology stocks fell more than the rest of the market in early trading Friday. Chipmaker Nvidia plunged 19 percent after […]
  • US industrial production ticks up 0.1 percent in October

    WASHINGTON (AP) — U.S. industry expanded slightly in October, with manufacturing growth offsetting declines in mining and utility production. Industrial production ticked up a modest 0.1 percent, the fifth straight monthly gain, following a 0.2 percent advance in September and a sizable 0.8 percent advance in August, the Federal Reserve reported Friday. The Fed said […]
  • World markets subdued on trade, Brexit tensions

    SINGAPORE (AP) — World markets were subdued on Friday as trade tensions and political risks surrounding Britain’s exit from the European Union kept investor cautious. KEEPING SCORE: France’s CAC lost 0.2 percent to 5,021 while Germany’s DAX was down 0.1 percent at 11,344. Britain’s FTSE 100 shed 0.3 percent to 7,016. Wall Street was set […]
  • Business Highlights

    ___ FDA to crack down on menthol cigarettes, flavored vapes NEW YORK (AP) — A top U.S. health official is pledging to ban menthol from regular cigarettes, outlaw flavors in all cigars and tighten rules regarding the sale of most flavored versions of electronic cigarettes. The move represents a major step to further push down […]
  • How major US stock indexes fared Thursday

    Stocks closed higher on Wall Street Thursday, breaking a five-day losing streak for the market. Gains in technology companies and banks drove an afternoon rally, offsetting losses in retailers, homebuilders, utilities and other sectors. Energy stocks rose as the price of U.S. crude oil rose for the second straight day. On Thursday: The S&P 500 […]
  • Dillard’s, KB Home fall; Oracle, Berry Global rise

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday: Royal Bank of Scotland Group, down 58 cents to $5.93 Two British Cabinet ministers quit in protest over Prime Minister Theresa May’s plan for leaving the European Union. Cisco Systems Inc., up $2.44 to $46.77 The seller of networking equipment and services reported […]
  • Senate confirms Kansas bank regulator Bowman for Fed board

    WASHINGTON (AP) — The Senate on Thursday confirmed Michelle Bowman, a Kansas banking regulator, as a member of the Federal Reserve board. Bowman was approved on a 64-34 vote to fill the spot on the seven-member board reserved for someone with community banking experience. With her confirmation, President Donald Trump has now filled three vacant […]
  • Fed announces wide-ranging review of its practices

    WASHINGTON (AP) — The Federal Reserve announced Thursday that it plans to conduct a wide-ranging review next year of the strategies and tools it uses to achieve its congressionally mandated goals of maximum employment and price stability. The Fed said the review will also examine ways it communicates with the public. “With labor market conditions […]
  • Stocks have struggled in 2018. Bonds too. Oh, and gold.

    NEW YORK (AP) — Even the most balanced investors have gotten knocked on their heels this year. Typically, spreading one’s bets across several different types of investments has helped deliver steadier returns. When U.S. stocks slide, say, bonds and gold can hopefully help offset the losses. Or maybe stocks abroad will hold up better than […]