US Business News

Congress coming back to crush of business in a fraught time

WASHINGTON/November 26, 2017 (AP)(STL.News) — The crush of unfinished business facing lawmakers when they return to the Capitol would be daunting even if Washington were functioning at peak efficiency. It’s an agenda whose core items — tax cuts, a potential government shutdown, lots of leftover spending bills — could unravel just as easily as advance … Continue reading Congress coming back to crush of business in a fraught time

US stocks tumble to worst loss in 3 months in broad selling

NEW YORK/August 17, 2017 (AP)(STL.News) — U.S. stocks plunged Thursday as losses for Cisco Systems hurt technology companies while Wal-Mart declined after its latest quarterly report. Banks also dropped as bond yields and interest rates sank for a second day. It was the second-worst day for stocks this year, which has seen few large declines. … Continue reading US stocks tumble to worst loss in 3 months in broad selling

US weekly requests for jobless aid down 12,000 to 232,000

US weekly requests for jobless aid is down 12,000 to 232,000 – the longest stretch of decline since 1970 WASHINGTON/August 17, 2017 (AP)(STL.News) — Fewer Americans applied for jobless aid last week, as the number of people seeking benefits remained close to historic lows. The Labor Department says that weekly unemployment applications fell by 12,000 … Continue reading US weekly requests for jobless aid down 12,000 to 232,000

More Uber woes: Exec resigns, investor sues ousted CEO

DETROIT/August 10, 2017 (AP)(STL.News) — Uber Technologies Inc. faced a fresh round of turmoil Thursday, with its global operations chief resigning and a major investor suing the ride-hailing company’s former CEO. Ryan Graves told Uber staff in an email Thursday that he will transition out of his role as senior vice president of global operations … Continue reading More Uber woes: Exec resigns, investor sues ousted CEO

Another strong month of hiring sends stock indexes higher

NEW YORK/August 4, 2017 (AP)(STL.News) — Banks and other stocks climbed Friday after the government reported more gains in hiring last month, the latest signal that the economy is continuing to hum along. The modest gains wrapped up another quiet week for the stock market. The Department of Labor said U.S. employers added 209,000 jobs … Continue reading Another strong month of hiring sends stock indexes higher

Forbes: Amazon CEO Bezos was briefly the world’s richest man

NEW YORK/July 27, 2017 (AP)(STL.News) — Amazon CEO Jeff Bezos briefly became the world’s richest man Thursday in Forbes magazine’s tracking of wealth, as stock in his e-commerce company hit an all-time high. Microsoft founder Bill Gates reclaimed the lead by afternoon, as Amazon’s stock fell nearly 1 percent for the day to $1,046. Amazon … Continue reading Forbes: Amazon CEO Bezos was briefly the world’s richest man

US stocks edge higher; bond yields fall following Fed

NEW YORK/July 26, 2017 (AP)(STL.News) — U.S. stock indexes inched further into record territory Wednesday after AT&T, Boeing and others joined the parade of big companies reporting stronger profits than analysts expected. Stocks that pay big dividends were particularly strong after the Federal Reserve took a pause in its slow-moving campaign to lift interest rates, … Continue reading US stocks edge higher; bond yields fall following Fed

Asian shares mixed as attention turns to Fed meeting

TOKYO/July 24, 2017 (AP)(STL.News) — Asian shares meandered Monday as market attention turned to the U.S. Federal Reserve meeting later in the week. Japanese shares languished as the yen strengthened against the dollar. KEEPING SCORE: Japan’s benchmark Nikkei 225 lost 0.6 percent to finish at 19,975.67. Australia’s S&P/ASX 200 slipped 0.6 percent to 5,688.10. South … Continue reading Asian shares mixed as attention turns to Fed meeting