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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • Business Highlights

    ___ Road to homeownership gets rockier this spring as rates rise LOS ANGELES (AP) — Higher mortgage rates are making the already challenging task of buying an affordable home even tougher for many Americans this spring. In metro areas such as Denver, buyers are rushing to close a deal before mortgage rates get too high. […]
  • How major US stock indexes fared Wednesday

    The major U.S. stock indexes closed mostly higher Wednesday, led by gains in energy and industrial companies. Strong company earnings helped lift the market, giving the S&P 500 its third gain in as many days. Food and beverage companies, technology stocks and banks were laggards. A steep sell-off in IBM following disappointing quarterly results pulled […]
  • American Express 1Q profits rise 31 percent, helped by taxes

    NEW YORK (AP) — Credit card giant American Express recorded its second-highest quarterly profit in its history on Wednesday, driven by strong customer spending on its namesake credit cards and a much lower tax bill. New York-based American Express earned a profit of $1.63 billion, or $1.86 a share, compared with a profit of $1.25 […]
  • Textron and CSX rise while IBM and Lam Research skid

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday: Best Buy Co., up $2.65 to $75.40 The electronics retailer will team up with Amazon to sell its Smart TVs. Lam Research Corp., down $8.56 to $203.77 The chip equipment maker said it expects shipments to decrease in the second quarter compared to […]
  • Fed survey finds worries about higher tariffs

    WASHINGTON (AP) — The Federal Reserve’s latest national survey has found that U.S. businesses are growing increasingly concerned about the impact higher tariffs could have on their companies and the overall economy. The Fed reported Wednesday that the economic outlook remains positive with growth continuing at a moderate pace in the central bank’s 12 regions. […]
  • 3 more Nike execs depart amid probe into workplace behavior

    NEW YORK (AP) — Three more Nike executives are leaving amid the company’s efforts to overhaul workplace culture. They are Vikrant Singh, a senior brand director for the Nike basketball brand in North America; Daniel Tawiah, vice president of global brand digital marketing innovation; and Antoine Andrews, vice president of diversity and inclusion. Nike spokesman […]
  • IRS: millions able to file taxes with system working again

    The IRS says its processing systems are fully back up and running after an outage on Tax Day. The agency said that a hardware issue caused an outage of some its processing systems, which frustrated many visitors to its website on Tuesday. The IRS extended the tax deadline until Wednesday night following the massive snag. […]
  • Trump’s actions and threats involving tariffs, at a glance

    WASHINGTON (AP) — President Donald Trump has followed through on his campaign pledge to crack down on what he has argued are unfair policies by America’s trading partners. In the past four months, Trump has slapped tariffs on a range of imports to the United States. And he is threatening to impose more, raising the […]
  • Largest maker of bump stocks will stop accepting orders

    LOS ANGELES (AP) — The largest manufacturer of bump stocks, which allow semi-automatic weapons to fire rapidly like automatic firearms, announced Wednesday that it will stop taking orders and shut down its website next month. The announcement comes about a month after President Donald Trump said his administration would “ban” bump stocks, which he said […]
  • US manufacturers seek relief from steel and aluminum tariffs

    WASHINGTON (AP) — Rising costs. Delayed shipments. A baffling bureaucracy. President Donald Trump’s tariffs on imported aluminum and steel are disrupting business for American companies that buy those metals, and many are pressing for relief. Hundreds of companies are asking the Commerce Department to exempt them from the 25 percent steel tariff and the 10 […]