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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • US orders for long-lasting goods fall 2.1% in April

    WASHINGTON (AP) — Orders to U.S. factories for large manufactured goods fell sharply last month, pulled down by lower demand for commercial aircraft and cars, while businesses also pulled back on investment spending. The Commerce Department said Friday that orders for durable goods — or items meant to last at least three years — fell […]
  • The Latest: SKorea says it’s discussing 5G security with US

    BEIJING (AP) — The Latest on trade tensions between the U.S. and China (all times local): 6:10 p.m. South Korea says it’s discussing security issues regarding its 5G, or fifth generation, cellphone networks with the United States following a report the Trump administration is demanding that Seoul join a “war” against Huawei. South Korea’s Foreign […]
  • China to support airlines seeking compensation from Boeing

    BEIJING (AP) — China’s airline industry association has thrown its support behind 13 Chinese carriers seeking compensation from Boeing for groundings of the 737 Max 8. The China Air Transport Association said in a statement Friday that the groundings and delayed deliveries of the planes were causing “serious damage” to the companies’ businesses. It estimated […]
  • India’s Modi facing urgent economic challenges after win

    NEW DELHI (AP) — Dissatisfaction with India’s lagging economy didn’t deter voters from handing Prime Minister Narendra Modi and his Hindu nationalist party a landslide parliamentary election victory. Now, they’ll be expecting something in return: faster, bolder action on long-promised reforms to transform the economy and improve the lives of India’s 1.3 billion people. Modi […]
  • India’s Modi facing urgent economic challenges after win

    NEW DELHI (AP) — Dissatisfaction with India’s lagging economy didn’t deter voters from handing Prime Minister Narendra Modi and his Hindu nationalist party a landslide parliamentary election victory. Now, they’ll be expecting something in return: faster, bolder action on long-promised reforms to transform the economy and improve the lives of India’s 1.3 billion people. Modi […]
  • AP Explains: How retirement legislation impacts you

    Americans generally do not have enough saved for retirement and Congress is considering a number of measures to address that. There are a few retirement-related bills of note making their way through Congress. One in particular, the Secure Act, gained significant traction this week. The House voted to approve it Thursday and it is widely […]
  • Global stocks recover with focus on trade, Brexit

    TOKYO (AP) — Global stocks are rebounding following Thursday’s sell-off, with markets hoping for an easing in the U.S.-China trade dispute and after British Prime Minister Theresa May said she plans to resign as of June 7. Investors appear to hope May’s pending resignation could unblock the political stalemate over Brexit. Some analysts are warning […]
  • Business Highlights

    ___ Trade impasse: Trump pledges $16B to farmers; markets slump WASHINGTON (AP) — President Donald Trump rolled out another $16 billion in aid for farmers hurt by his trade policies, and financial markets shook Thursday on the growing realization that the U.S. and China are far from settling a bitter, year-long trade dispute. Agriculture Secretary […]
  • Dressbarn expects to have all its stores shut by end of 2019

    NEW YORK (AP) — Dressbarn says it expects to have all its 650 stores closed by the end of this year. The women’s clothing chain announced earlier this week that it was shutting all its stores but hadn’t given a timeline for the closures until Thursday. Dressbarn’s owner, Ascena Retail Group Inc., has said it […]
  • How major US stock indexes fared Thursday

    Stocks slumped on Wall Street Thursday, handing the market its second straight loss, as investors worried about an apparent stalemate in trade talks between the U.S. and China. Trade-sensitive technology stocks led the market slide. The yield on the 10-year Treasury note slid to its lowest level in more than a year as traders sought […]