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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • How major US stock indexes fared Friday

    Stocks closed broadly lower on Wall Street Friday following the latest grim snapshot of the toll the coronavirus is having on the labor market as the economy grinds to a halt. The S&P 500 fell 1.5%, capping its third down week in the last four, after the government reported that more than 700,000 jobs were […]
  • Insurance marketplaces offer help with coronavirus job cuts

    More than a million people could swamp the Affordable Care Act’s health insurance marketplaces in the coming months as employers lay off staff during the coronavirus pandemic. The health insurance markets are a backbone of the Obama-era law that President Donald Trump has tried to demolish. They are now seen as a key option to […]
  • Tesla, Dave & Buster rise; Chewy, Macquarie fall

    NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday: Tesla Inc., up $25.54 to $480.01. The electric vehicle maker reported a 40% surge in deliveries during the first quarter. Chewy, Inc., down $1.69 to $33.37. The online pet store beat Wall Street’s fourth-quarter earnings forecasts and said it had a strong […]
  • US long-term mortgages fall; 30-year at 3.33%

    WASHINGTON (AP) — U.S. long-term mortgage rates fell this week for the second straight week as anxiety has spiraled over devastation to the economy from the coronavirus pandemic. Home-loan rates have been hitting all-time lows. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark 30-year loan dipped to 3.33% this week […]
  • Closing prices for crude oil, gold and other commodities

    Benchmark crude oil rose $3.02 to settle at $28.34 a barrel Friday. Brent crude oil, the international standard, rose $4.17 to $34.11 a barrel. Wholesale gasoline rose 3 cents to 69 cents a gallon. Heating oil rose 7 cents to $1.07 a gallon. Natural gas rose 7 cents to $1.62 per 1,000 cubic feet. Gold […]
  • White House convenes oil CEOs as bust threatens US boom

    WASHINGTON (AP) — President Donald Trump offered assurances of better times and coronavirus tests to oil CEOs at a White House summit Friday, but no firm proposals for easing the industry’s way as the coronavirus pandemic and plunging petroleum prices threaten America’s yearslong fracking boom. Executives of Chevron, Exxon and other large and medium-size petroleum […]
  • Marvel remakes release calendar; ‘Mulan’ moves to late July

    NEW YORK (AP) — The Walt Disney Co. on Friday overhauled its release schedule by moving the dates of half a dozen Marvel movies, announcing a new one for the live-action adaption of “Mulan” and pushing one movie, “Artemis Fowl,” to Disney Plus, in response to the coronavirus pandemic. “Black Widow,” the Marvel entry starring […]
  • Putin suggests sizable oil production cut as prices fall

    MOSCOW (AP) — Russian President Vladimir Putin says he supports cutting oil production by about 10 million barrels a day to shore up falling prices. His statement Friday that was reported on the Kremlin website came a day after President Donald Trump tweeted he was hoping for Saudi Arabia and Russia to cut production by […]
  • Trump, 3M clash over order to produce more face masks for US

    President Donald Trump said Friday his administration will try to stop “profiteers” from exporting medical protective gear, shortly after picking a fight with manufacturing giant 3M, a major producer and exporter of face masks used to protect health care workers from the coronavirus. 3M argued that blocking exports will raise “significant humanitarian implications” abroad and […]
  • US service sectors slows in March

    WASHINGTON (AP) — Growth in the U.S. service sector slowed in March with a much bigger decline expected in coming months from all the shutdowns and job layoffs that have occurred because of efforts to contain the coronavirus. The Institute for Supply Management said Friday that its service-sector index slowed to 52.5 in March from […]