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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • Lifestyle

    Recalls this week: self-balancing scooters, crossbows

    Thousands of self-balancing scooters, referred to as hoverboards, are being recalled this week because their batteries can overheat and explode. Other recalled consumer products include crossbows and lawn mowers. Here’s a more detailed look: SELF-BALANCING SCOOTERS DETAILS: Sonic Smart Wheels self-balancing scooters, commonly referred to as hoverboards, with model number S-01 or SBW666SL printed on […]
  • Money

    Derided by critics, trickle-down economics gets another try

    WASHINGTON (AP) — Does money roll downhill? In their drive to cut taxes, President Donald Trump and congressional Republicans are betting it does. Behind their legislation is a theory long popular among conservatives: Slash taxes for corporations and rich people, who will then hire, invest and profit — and cause money to trickle into the […]
  • Money

    Jobless rates fell in 12 US states, hit record lows in 3

    WASHINGTON (AP) — Unemployment rates fell to record lows in Alabama, Hawaii and Texas last month, and dropped in nine other U.S. states. Employers added jobs in nine states in October, and cut them in three, the Labor Department said Friday. Steady hiring has driven down unemployment in most states in the past year. Nationwide, […]
  • Money

    Retailers rise again, but tech leads other US stocks lower

    NEW YORK (AP) — Retailers and smaller U.S. companies jumped again Friday as they continued to report strong third-quarter results, but technology companies and other big U.S. corporations couldn’t add to the previous day’s gains. A slew of retailers including discount chain Ross Stores, shoe store Foot Locker and clothing companies Gap and Abercrombie & […]
  • Money

    Markets Right Now: S&P 500 has second straight weekly loss

    The latest on developments in financial markets (All times local): 4 p.m. Stocks are closing lower on Wall Street, led by drops in technology companies, as the market gives back some of its big gain from a day earlier. Intel lost 2.2 percent Friday and Google’s parent company Alphabet fell 1.2 percent. Health care and […]
  • Money

    US probes effectiveness of VW air bag wiring recall

    DETROIT (AP) — U.S. safety regulators are investigating complaints that a Volkswagen recall may not fix a wiring problem that can stop the front driver’s air bag from inflating in a crash. The probe by the National Highway Traffic Safety Administration covers nearly 416,000 vehicles including the 2010 to 2014 CC and Passat, the 2010 […]
  • Money

    Mitsubishi recalls small cars; air bags may not inflate

    DETROIT (AP) — Mitsubishi is recalling nearly 84,000 small cars in the U.S. because the air bags may not inflate in a crash. The recall covers certain Mirage models from 2014 through 2018. The company says the safety restraint computer can interpret road vibrations or a flat tire as a sensor error and disable the […]
  • Money

    US home construction reaches strongest pace in a year

    WASHINGTON (AP) — Construction of new homes climbed 13.7 percent in October, the biggest jump in a year as builders broke ground on more apartments and single-family houses. The Commerce Department said Friday that the monthly gain put U.S. housing starts at a seasonally adjusted annual rate of 1.29 million units. That is the best […]
  • Money

    Nissan execs taking pay cuts over bogus vehicle inspections

    TOKYO (AP) — Nissan Motor Co. Chief Executive Hiroto Saikawa and other executives of the Japanese automaker are returning a part of their salaries to show remorse over illegal vehicle inspections at the automaker’s plants in Japan. Saikawa did not say how big the pay cuts would be or who else would take them. He […]
  • Money

    World stocks mixed as global market rally loses momentum

    HONG KONG (AP) — Asian shares were mostly higher but European shares fell Friday as healthy U.S. earnings and progress on President Donald Trump’s tax reform plan weren’t enough to sustain momentum in global markets. KEEPING SCORE: European shares were mostly lower in early trading. France’s CAC 40 shed 0.2 percent to 5,324.13 and Britain’s […]