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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • How to navigate confusing gov’t loan forgiveness program

    The government created the public service loan forgiveness program with a simple premise: Take a job to help the greater good and get some debt relief down the road. In reality, the process of getting that promised relief has been neither simple nor forgiving. A confusing set of rules and servicers who provided misleading or […]
  • Central bank chiefs of 4 major nations raise trade concerns

    WASHINGTON (AP) — The leaders of the central banks of four major economies expressed alarm Wednesday that multiple trade conflicts are threatening to slow global growth. The officials said at a conference in Portugal that the escalating trade fights involving the United States, China and Europe could erode business confidence, lead companies to delay investment […]
  • American Airlines plans to cut some management jobs

    FORT WORTH, Texas (AP) — American Airlines plans to cut an undisclosed number of management jobs that top executives say are no longer needed more than four years after merging with US Airways. The company says there will be a combination of layoffs and buyouts over the next several weeks. CEO Doug Parker and President […]
  • Asian stocks mostly up despite underlying US-China tension

    TOKYO (AP) — Asian stock markets mostly rose Thursday as concern fades over the trade tensions between the U.S. and China. Uncertainty remains, but the original tariff threats made earlier in the week were not followed by material action. KEEPING SCORE: Japan’s benchmark Nikkei 225 index rose 0.8 percent to 22,734.28, but South Korea’s Kospi […]
  • Automakers improve quality to record level in annual survey

    DETROIT (AP) — A survey of new-vehicle buyers finds that car and truck quality hit a record high this year as automakers started to clear up bugs with infotainment systems. The annual survey by J.D. Power finds that buyers reported a record-low 93 problems per 100 vehicles during the first three months of ownership, four […]
  • US home sales fell 0.4 percent in May amid inventory crunch

    WASHINGTON (AP) — U.S. existing home sales slipped 0.4 percent in May, as the prolonged shortage of properties on the market is deterring home-buying. The National Association of Realtors said Wednesday that homes sold at a seasonally adjusted annual pace of 5.43 million in May, the second straight monthly decline. Sales have tumbled 3 percent […]
  • Markets Right Now: Stocks end mostly higher, though Dow dips

    NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are ending mostly higher Wednesday, although the Dow Jones industrials are posting a seventh straight loss due to weakness in McDonald’s and Travelers. The Dow slid 42.41, or 0.2 percent, to 24,657.80. It’s fallen 2.6 percent during the […]
  • Fed chair signals gradual rate hikes in tame inflation era

    WASHINGTON (AP) — The U.S. Federal Reserve will likely keep raising short-term interest rates at only a gradual pace, Fed chair Jerome Powell said Wednesday, partly because there are few signs, so far, that the ultra-low U.S. unemployment rate is pushing up inflation. In a speech in Portugal, Powell said that with the unemployment rate […]
  • Edmunds: How to avoid fraud when buying a car online

    Imagine that you are looking for a used car on a popular site, such as Autotrader, Cars.com or Craigslist. You find exactly the one you want, with a very attractive price. The ad has photos galore and even a link to a vehicle history report, which shows the car is in good condition and has […]
  • Australian telecom Telstra to ax 8,000 jobs to save $740M

    CANBERRA, Australia (AP) — Telstra Corp., Australia’s largest telecommunications company, announced on Wednesday that it will ax 8,000 jobs — one in four employees — over three years in a bid to save 1 billion Australian dollars ($740 million). Telstra shares fell more than 7 percent in early trading on the Australian stock market after […]