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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • US long-term mortgage rates jump; 30-year at 4.62 percent

    WASHINGTON (AP) — Long-term U.S. mortgage rates jumped this week after two straight weeks of declines, reaching their second-highest level this year. Against a backdrop of rising interest rates in the economy, long-term loan rates have been running at their highest levels in seven years. And the Federal Reserve on Wednesday raised its benchmark interest […]
  • 6 college-money lessons you didn’t learn in high school

    High school may have prepared you for college academically, but you may be less ready to handle your money, especially if you need student loans. More than two-thirds of college students at all levels said in a survey that they feel stressed about their personal finances, according The Study on Collegiate Financial Wellness, a 2017 […]
  • Asian stocks mixed after ECB announcement, US data

    SEOUL, South Korea (AP) — Asian stock markets were mixed Friday after Wall Street largely finished with gains following the European Central Bank’s announcement to phase out its bond-buying stimulus. Upbeat U.S. data helped bolstered sentiment. KEEPING SCORE: Japan’s Nikkei 225 added 0.4 percent to 22,827.77 but South Korea’s Kospi retreated 0.5 percent to 2,412.10. […]
  • Markets Right Now: Retail report lifts US stocks

    NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are closing mostly higher Thursday as investors cheered strong retails sales growth in May. Comcast gained 4.6 percent and Walt Disney advanced 2.3 percent as the two companies battle for control of businesses being sold by Twenty-First Century […]
  • Etsy raises fees and revenue outlook, shares soar

    BROOKLYN, N.Y. (AP) — Etsy’s stock soared on Thursday after the online crafts company announced an increase in fees and boosted its revenue outlook for the year. The Brooklyn company that the transaction fee charged when a person or business makes a sale will rise from 3.5 percent, to 5 percent. It will also apply […]
  • US retail sales boom in May, but inflation is lurking

    WASHINGTON (AP) — U.S. retail sales rose by the most in six months in May, a sign that confident consumers are leading a strong economic rebound after a slow start to the year. Yet with high gas prices and inflation eating away at income gains made by workers, Americans may not be able to maintain […]
  • Global stocks sink after Fed hike signal, eyes turn to ECB

    SEOUL, South Korea (AP) — Global stocks slumped Thursday after the U.S. Federal Reserve raised its key interest rate and said it would pick up the pace of future increases. Eyes are now on the European Central Bank, which is discussing Thursday when it might end its stimulus program. KEEPING SCORE: Britain’s FTSE 100 was […]
  • Who’s that selling steaks off a truck? It’s Amazon

    NEW YORK (AP) — Donna Brunswick drove to a Costco last month to pick up 2 pounds of raw flank steak — not at the wholesale club, but from a truck in the parking lot. “Typically you wouldn’t buy meat off a random truck,” says Brunswick, a technical manager in Atlanta. But she says $20 […]
  • Weak pay growth puzzles Fed chief, just like everyone else

    WASHINGTON (AP) — Halfway through a news conference Wednesday, the head of the world’s most powerful central bank was asked a question weighing on the minds — and the checking accounts — of Americans everywhere: When will people finally start getting meaningful pay raises? Jerome Powell, the chairman of the Federal Reserve, had no satisfactory […]
  • Business Highlights

    ___ Fed raises key rate and sees possible acceleration in hikes WASHINGTON (AP) — The Federal Reserve took note of a resilient U.S. economy Wednesday by raising its benchmark interest rate for the second time this year and signaling that it may step up its pace of rate increases. The Fed now foresees four rate […]