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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • Nordstrom’s sales funk worsens in fiscal 1Q

    NEW YORK (AP) — Nordstrom’s holiday shopping season malaise carried over into the first months of the year. The upscale department store chain reported fiscal first-quarter profit Tuesday that missed Wall Street analysts’ expectations. It also cut its annual sales forecast and its stock tumbled. “While we expected softer trends from the fourth quarter to […]
  • How major US stock indexes fared Tuesday

    Stocks closed broadly higher on Wall Street Tuesday after the U.S. government temporarily postponed proposed restrictions on technology sales to Chinese companies. The news boosted chipmakers and other technology sector stocks, which took steep losses a day earlier when the Trump administration announced the restrictions. Health care, financial and industrial stocks helped power the rally, […]
  • AutoZone, Qualcomm rise; Kohl’s, J.C. Penney fall

    NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday: Kohl’s Corp., down $7.76 to $55.15 The department store operator’s first quarter results and its profit forecast for the year fell short of forecasts. J.C. Penney Co., down 8 cents to $1.07 The retailer’s first quarter sales fell and its loss was […]
  • Report: Many Uber, Lyft drivers fail to respond to recalls

    NEW YORK (AP) — One out of six Uber and Lyft drivers in the New York City and Seattle areas are driving vehicles with outstanding recalls, according to Consumer Reports. But taking a taxi or limousine isn’t necessarily a safer option: nearly a quarter of traditional for-hire vehicles in New York City such as taxis, […]
  • McDonald’s says it’s offering training to combat harassment

    McDonald’s Corp. says it’s enhancing training and offering a new hotline for workers in response to mounting allegations of sexual harassment. On Tuesday, the labor group Fight for $15 filed 25 sexual harassment charges against McDonald’s with the U.S. Equal Employment Opportunity Commission. The American Civil Liberties Union and the Time’s Up Legal Defense Fund […]
  • Tesla reduces prices on Models S and X amid stock slump

    DETROIT (AP) — Tesla has reduced the prices of its two most expensive models, raising concerns about fading interest in its cars and whether the company can generate enough cash to pay all the bills. On Monday, Tesla cut $3,000 from the price of the Model S sedan and $2,000 from the Model X SUV. […]
  • Millennial Money: If ‘budget’ bums you out, try renaming it

    Webster’s New World dictionary defines budget as: “a plan or schedule adjusting expenses during a certain period to the estimated or fixed income for that period.” If that doesn’t sound fun, I don’t know what does. (I’m kidding. It sounds terrible.) By definition alone, budgeting sounds like a chore. So it’s no surprise that many […]
  • Tech rebound powers US stocks higher, snaps 2-day S&P slump

    Technology companies helped power stocks broadly higher on Wall Street Tuesday, snapping the market’s two-day losing streak. The rally followed the U.S. government’s decision to temporarily ease off proposed restrictions on technology sales to Chinese companies. The news gave a boost to technology sector stocks, which took steep losses a day earlier when the Trump […]
  • US home sales fell 0.4% in April amid limited supply

    WASHINGTON (AP) — U.S. home sales slipped 0.4% in April, as would-be homebuyers face affordability challenges and a limited supply of starter houses. The National Association of Realtors said Tuesday that existing homes sold at a seasonally adjusted annual rate of 5.19 million last month, down from 5.21 million in March. Home sales have struggled […]
  • GM Maven car-sharing stops serving 8 N. American markets

    DETROIT (AP) — Maven, General Motors’ car-sharing service, is being shut down in about half of the 17 North American markets it operates. The company wouldn’t say Tuesday where Maven will continue to operate, but it confirmed that it’s pulling out of New York and Chicago. GM said in a prepared statement that it’s not […]