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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • Business Highlights

    ___ Countertops and rubber bands: US pursues obscure trade cases WASHINGTON (AP) — President Donald Trump’s high-profile trade offensives have grabbed headlines and rattled financial markets around the world. He’s battling China over the industries of the future, strong-arming Canada and Mexico into reshaping North American trade and threatening to tax cars from Europe. But […]
  • Walmart and Cisco rise while Virtusa and Farfetch stumble

    NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday: Walmart Inc., up $1.43 to $101.31 A key sales measure at the world’s largest retailer surged past Wall Street forecasts. Iovance Biotherapeutics Inc., up $4.05 to $15.28 The biotechnology company gave investors a solid update on the development of its potential cancer […]
  • How major US stock indexes fared Thursday

    Stocks closed higher on Wall Street for the third straight day Thursday, erasing most of the plunge they took at the start of the week on worries about the worsening trade fight between China and the U.S. Technology stocks, banks and health care companies accounted for much of the market’s broad gains. Chipmakers slumped a […]
  • Countertops and rubber bands: US pursues obscure trade cases

    WASHINGTON (AP) — President Donald Trump’s high-profile trade offensives have grabbed headlines and rattled financial markets around the world. He’s battling China over the industries of the future, strong-arming Canada and Mexico into reshaping North American trade and threatening to tax cars from Europe. But his trade warriors are fighting dozens of more obscure battles […]
  • Gannett shareholders rebuff attempt to replace board

    MCLEAN, Va. (AP) — Shareholders of USA Today owner Gannett have rebuffed an attempt to overthrow its board. Gannett, which also owns dozens of other newspapers, says its slate of eight directors had beaten opposing candidates nominated by a media group vying to revive its previously rejected takeover bid for Gannett . The results were […]
  • 1Q Earnings Wrap: When nothing is better

    NEW YORK (AP) — Behold the power of low expectations. Nearly all the companies in the S&P 500 have said how much profit they made in the first three months of the year, and growth looks to be close to nil. That’s usually a frightening thing for investors because stock prices tend to follow the […]
  • Asian shares mixed as Huawei sanctions stir trade fears

    SINGAPORE (AP) — Asian stocks were mixed on Friday amid worries that U.S. economic sanctions on Huawei would cast a pall on trade negotiations with China. Hong Kong’s Hang Seng shed 0.4% to 28,161.89 while Japan’s benchmark Nikkei 225 jumped 1.6% to 21,391.53. The Kospi in South Korea added 0.2% to 2,072.27. The Shanghai Composite […]
  • US long-term mortgage rates fall; 30-year average at 4.07%

    WASHINGTON (AP) — U.S. long-term mortgage rates fell slightly this week, marking a third straight week of declines as a continued inducement to purchasers in the spring homebuying season. Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year, fixed-rate mortgage eased to 4.07% from 4.10% last week. By contrast, a year ago […]
  • Markets Right Now: US stocks rise for the 3rd day in a row

    NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks marched higher on Wall Street for the third straight day, erasing most of the plunge they took at the start of the week on worries about the worsening trade fight between China and the U.S. Technology stocks, banks […]
  • US home construction climbed 5.7% in April

    WASHINGTON (AP) — U.S. home construction rose in April, led by an uptick in single-family homes. The Commerce Department said Thursday that homebuilding rose 5.7% last month to a seasonally adjusted annual rate of 1.24 million. But housing starts fell 2.5% from a year earlier, suggesting that would-be home buyers are facing a shortage of […]