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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • Markets Right Now: Stocks, yields drop on growth worries

    NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks closed broadly lower on Wall Street, erasing their gains for the week, as investors became increasingly worried that the global economy is slowing down. Traders shifted money into bonds and other low-risk assets Friday. Bond yields fell sharply, […]
  • Tiffany posts mixed results in fourth quarter

    NEW YORK (AP) — Tiffany & Co. on Friday posted mixed results for the holiday season, with profit meeting estimates but revenue falling short because of low spending by Chinese tourists. “Softer trends in the second half of the year reflected, in part, what we believe were external challenges and uncertainties,” CEO Allessandro Bogliolo said […]
  • China to investigate firms sanctioned by US over North Korea

    BEIJING (AP) — China said Friday it will look into charges against two Chinese firms sanctioned by the U.S. because they are suspected of helping North Korea evade sanctions. China upholds all United Nations Security Council sanctions against the North over its nuclear and missile programs, Foreign Ministry spokesman Geng Shuang said at a regular […]
  • Italian move to join China’s Belt and Road coup for Beijing

    BEIJING (AP) — Despite criticisms, Beijing has been steadily gathering support for its “Belt and Road” initiative, which aims to weave a network of ports, bridges and power plants linking China with Africa, Europe and beyond. Italian Premier Giuseppe Conte has pledged to sign a memorandum of understanding this week on supporting the initiative during […]
  • Indonesian airline wants to cancel Boeing order after crash

    JAKARTA, Indonesia (AP) — In a blow for Boeing, Indonesia’s flag carrier is seeking the cancellation of a multibillion dollar order for 49 of the manufacturer’s 737 Max 8 jets, citing a loss of confidence after two crashes within five months. It is the first announcement of a cancellation since Boeing’s new model aircraft were […]
  • Stocks fall on growth worries, Brexit doubts

    SINGAPORE (AP) — Stocks fell sharply in Europe on Friday after surveys showed manufacturing in the region slowed in March and amid news that the European Union offered only a brief extension to the Brexit deadline. U.S. markets also appeared headed for a lower open. Britain’s FTSE 100 led the decline, trading down 1.3 percent […]
  • North Korea, seeking food aid, links sanctions to shortages

    PYONGYANG, North Korea (AP) — Kumkhop Trading Co. President Ri Jong Ho sweeps his hand over a table full of foods produced at his factory. There’s a bowl of assorted candies and rice cakes, a plate of sausages and ham, slices of a French baguette and Russian dark bread. “We are doing fine,” he says […]
  • Business Highlights

    ___ Boeing to make safety feature standard on troubled Max jets Boeing will make standard on its troubled new airliner a safety feature that might have helped the crew of a jet that crashed shortly after takeoff last year in Indonesia. The equipment alerts pilots of faulty information from key sensors. It will now be […]
  • How major US stock indexes fared Thursday

    Technology companies powered a broad rally for U.S. stocks Thursday, snapping the market’s two-day losing streak. Retailers and industrial companies also notched solid gains, which offset losses in financial stocks. Levi Strauss soared 32 percent as the storied jeans maker went public for the second time. On Thursday: The S&P 500 index rose 30.65 points, […]
  • Biogen and Guess slide while Darden and Micron rise

    NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday: Biogen Inc., down $93.71 to $226.88 The biotechnology company is ending development of a potential Alzheimer’s disease drug after concluding it will be ineffective. Guess Inc., down $2.76 to $19.31 The clothing retailer’s fourth-quarter profit fell short of Wall Street expectations and […]