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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • Why markets are worried about suddenly cold Turkey

    NEW YORK (AP) — Why are investors around the world so worried about Turkey’s economy, when it’s smaller than Florida’s? Because of the possibility that somebody bigger will be next. Investors have been pulling out of Turkey’s markets, sending its stock market and currency plunging. That’s making debt that Turkish companies owe in dollar terms […]
  • Kudlow: China is sending team to Washington to talk trade

    WASHINGTON (AP) — The United States and China are resuming trade talks, raising hopes for a way out of an intensifying dispute between the world’s two largest economies. White House economic adviser Larry Kudlow told reporters Thursday that the U.S. team will be led by David Malpass, U.S. Treasury under secretary for international affairs. Earlier, […]
  • 4 Places to Find Last-Minute Scholarships

    Only a few weeks — or maybe even days — remain until college campuses reopen, but there may still be time to get a scholarship and reduce the amount of student loans you have to borrow. Here are four resources to find a scholarship to help pay for college before classes begin. 1. YOUR COLLEGE’S […]
  • Average US mortgage rates fall; 30-year at 4.53 percent

    WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week for the second straight week, with relatively lower rates continuing to fail to spark home sales. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages dipped to 4.53 percent from 4.59 percent last week. Long-term loan rates have been running at […]
  • Asian shares gain on growing hopes for China trade talks

    TOKYO (AP) — Asian shares made moderate gains early Friday after U.S. stocks jumped on news China is preparing to resume trade discussions with the U.S., the first negotiations in more than a month. KEEPING SCORE: Japan’s Nikkei 225 index added 0.4 percent to 22,275.67, while the Shanghai Composite index slipped 0.4 percent to 2,694.52. […]
  • Markets Right Now: US stock indexes close sharply higher

    NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing higher on Wall Street following strong results from Walmart and signs of progress in defusing the trade dispute between China and the U.S. Walmart jumped 9.3 percent Thursday after reporting its strongest sales growth in a […]
  • Penney posts bigger-than-expected loss, cuts outlook

    NEW YORK (AP) — J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street’s view. The department store operator also cut its full-year forecast again, and its shares plunged 24 percent. The dismal report, released Thursday, illustrates the challenges awaiting whoever becomes the […]
  • July housing starts up a slight 0.9 percent as tariffs bite

    WASHINGTON (AP) — U.S. housing starts ticked up just 0.9 percent in July, a sign that higher construction costs might be weighing on homebuilders. The Commerce Department said Thursday that housing starts last month rose to a seasonally adjusted annual rate of 1.17 million, not nearly enough to reverse the steep 12.9 percent plunge seen […]
  • Walmart sees sales rise at stores and online, raises outlook

    NEW YORK (AP) — Walmart raised its financial outlook for the year on Thursday after beating Wall Street’s expectations for the quarter and seeing the strongest growth in more than a decade in sales at established stores. Its shares rose more than 9 percent. The upbeat report indicates that Walmart’s efforts to improve the experience […]
  • Forests group halts plan to endorse Indonesian paper giant

    JAKARTA, Indonesia (AP) — The main global group for certifying sustainable wood has suspended plans to give its influential endorsement to Indonesian paper giant Sinarmas after revelations it cut down tropical forests and used an opaque corporate structure to hide its activities. The Forest Stewardship Council said Thursday that it had halted a process that […]