Share this story...
Latest News

MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • FAA puts out a call for pilots to test changes in Boeing jet

    DALLAS (AP) — Federal safety officials are recruiting pilots from airlines around the world to test changes that Boeing is making to the flight-control software on the grounded 737 Max jet, according to two people briefed on the situation. The Federal Aviation Administration is asking that some of the pilots have relatively little experience on […]
  • YouTube disables 200 videos attacking Hong Kong protests

    SAN FRANCISCO (AP) — YouTube says it disabled more than 200 videos this week that appeared to be part of a coordinated effort to spread misinformation about the ongoing protests in Hong Kong. The video removals come just days after Twitter said it had suspended more than 200,000 accounts it linked to a Chinese government […]
  • Gap’s 2Q profits fall, reflecting chain still mired in slump

    NEW YORK (AP) — Gap Inc.’s fiscal second quarter profits fell 43%, dragged down by costs related to store closings and the restructuring of its business. The beleaguered San Francisco-based chain also reported comparable sales declines at its three top brands, including at Old Navy, once a bright spot. The downbeat performance announced Thursday comes […]
  • Business Highlights

    ___ As global economic picture dims, solutions seem out of reach WASHINGTON (AP) — Factories are slumping, many businesses are paralyzed, global growth is sputtering and the world’s two mightiest economies are in the grip of a dangerous trade war. Barely a year after most of the world’s major countries were enjoying an unusual period […]
  • How major US stock indexes fared Thursday

    Stocks ended and up-and-down day mostly lower Thursday as losses for health care and technology companies offset gains in banks and other sectors. Remarks from two Federal Reserve bank presidents left investors less certain about the likelihood that the central bank will lower interest rates again next month. On Thursday: The S&P 500 fell 1.48 […]
  • BJ’s Wholesale, Keysight rise while L Brands, Retrophin fall

    NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday: BJ’s Wholesale Club Holdings Inc., up $3.87 to $26.42 The wholesale membership warehouse beat Wall Street’s second quarter profit expectations and maintained a solid forecast for the year. L Brands Inc., down 70 cents to $19.33 The owner of Victoria’s Secret and […]
  • United adding new routes in push for high-fare passengers

    CHICAGO (AP) — United Airlines is adding several new routes to Europe, underscoring the pursuit by airlines of high-fare passengers. United said Thursday that it will add European flights from Newark, New Jersey; Chicago; Denver and San Francisco. It’s adding destinations such as Nice, France, and Palermo, Italy, to woo premium leisure travelers. And it’s […]
  • Long-term mortgage rates near historic lows: 30-year 3.55%

    WASHINGTON (AP) — U.S. long-term mortgage rates are near historically low levels, with the average on the benchmark 30-year loan falling this week to its lowest level since November 2016. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan slipped to 3.55% this week from 3.60% last week. The rate […]
  • Corporate profits slump again in 2Q

    Corporate profits fell for a second straight quarter in the spring as the effect of last year’s tax cut wore off and companies contended with uncertainty from the Trump administration’s trade wars. As the second quarter earnings season winds down, companies in the S&P 500 index are on track to notch the first back-to-back quarters […]
  • US stock indexes end mixed ahead of Fed chairman speech

    A wobbly day on Wall Street left stock indexes mostly lower Thursday as investors turned cautious ahead of a widely anticipated speech by the Federal Reserve chairman. Losses by health care, technology and energy companies, among other sectors, outweighed gains by banks, consumer goods makers and elsewhere in the market. Bond prices fell, nudging yields […]