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

US stocks dip with energy prices; European stocks sink

NEW YORK/July 21, 2017 (AP)(STL.News) — U.S. stocks finished barely lower Friday as energy companies fell with oil prices and a 10-day rally for technology companies came to an end. But Wall Street mostly avoided the sharp losses that hit European stocks. The price of U.S. crude oil fell 2.5 percent and pulled energy stocks … Continue reading US stocks dip with energy prices; European stocks sink

Global shares becalmed by lull in market-moving news

Global shares experienced quiet trading sessions caused by lull in market-moving news TOKYO/July 21, 2017 (AP)(STL.News) — Global shares were mixed Friday as trading was becalmed by a lull in market-moving news. France’s CAC 40 and Germany’s DAX were little changed in early trading, while Britain’s FTSE added 0.2 percent. Japan’s benchmark Nikkei 225 slipped … Continue reading Global shares becalmed by lull in market-moving news

Technology and health care lift stocks to record highs

NEW YORK/July 19, 2017 (AP)(STL.News)(keywords: technology health care, lift stocks, record highs) — U.S. stocks continued to climb Wednesday, led by technology, health care and energy companies. Media companies also rose as stock indexes set record highs. The technology part of the Standard & Poor’s 500 index finally broke the record it set in March 2000, … Continue reading Technology and health care lift stocks to record highs

Global stocks steady as earnings and US data eyed

LONDON/July 14, 2017 (AP)(STL.News) — Global shares traded in fairly narrow ranges Friday as the quarterly U.S. corporate earnings results season began in earnest and as investors awaited some key U.S. economic data. KEEPING SCORE: In Europe, the FTSE 100 index of leading British shares was down 0.3 percent at 7,394 while Germany’s DAX was … Continue reading Global stocks steady as earnings and US data eyed

Global shares stage modest gains as investors await earnings

SEOUL, South Korea/July 14, 2017 (AP)(STL.News) — Global shares were moderately higher Friday as investors awaited a raft of corporate earnings due out next week. The Federal Reserve chair’s second day of testimony to Congress generated little market-moving news. KEEPING SCORE: Britain’s FTSE 100 dipped 0.1 percent at 7,410.07 but France’s CAC 40 added 0.1 … Continue reading Global shares stage modest gains as investors await earnings

Banks, tech lead US stocks to modest gains, new Dow record

July 13, 2017 (AP)(STL.News) Banks and technology companies led U.S. stocks to modest gains Thursday, pushing the Dow Jones industrial average to its second record close in two days. Big retail chains and other consumer-focused stocks were among the gainers. Energy companies rose as the price of crude oil increased. Phone companies and utilities lagged … Continue reading Banks, tech lead US stocks to modest gains, new Dow record

US stock indexes edge higher in early trading; oil rises

US stock indexes high in early trading, oil prices follow stocks higher July 13, 2017 (AP)(STL.News) U.S. stock indexes edged higher in early trading Thursday, led by gains in technology companies. Big retail chains and other consumer-focused stocks were also among the gainers. Health care companies were among the laggards. Investors had their eye on … Continue reading US stock indexes edge higher in early trading; oil rises

Global markets mixed before Fed chair speech

SEOUL, South Korea/July 12, 2017 (AP)(STL.News) — Global shares were mixed Wednesday, with Europe logging early gains after a lackluster day in Asia, as investors eyed U.S. political risks and waited for cues about the direction of monetary policy from the Federal Reserve chair. KEEPING SCORE: Britain’s FTSE 100 rose 0.7 percent to 7,379.60. France’s … Continue reading Global markets mixed before Fed chair speech

German minister seeks more EU cooperation after G-20 riots

G-20 riots – German minister seeks more EU cooperation BERLIN/July 10, 2017 (AP)(STL News) — Germany’s justice minister is calling for a better exchange of information on violent extremists in the European Union following the riots that accompanied the Group of 20 summit. Hamburg saw three nights of violence amid anti-globalization protests as leaders of … Continue reading German minister seeks more EU cooperation after G-20 riots

Painkiller maker stops sales at FDA request because of abuse

July 6, 2017 (AP)(STL.News) The maker of opioid painkiller Opana ER is pulling the drug off the market at the request of federal regulators because it’s being abused. Endo International PLC said Thursday it will voluntarily stop selling the pills, approved for use in patients with severe, constant pain, after consulting with the U.S. Food … Continue reading Painkiller maker stops sales at FDA request because of abuse

Stocks skid on worries about slower hiring and growth

NEW YORK/July 6, 2017 (AP)(STL.News) — U.S. stocks took their biggest loss in more than six weeks Thursday as investors reacted to mounting evidence that hiring has slowed down. Energy and health care companies fell sharply, and so did retailers. Stocks slumped after ADP, a payroll processing company, said private businesses added fewer jobs in … Continue reading Stocks skid on worries about slower hiring and growth

Stocks held back by slumps for energy, auto parts companies

NEW YORK/July 5, 2017 (AP)(STL.News) — U.S. stock indexes were mixed Wednesday as energy companies skidded along with oil prices, but technology stocks rose and reversed a portion of their recent losses. After O’Reilly Automotive reported weak sales growth in the second quarter, the three biggest losers on the Standard & Poor’s 500 index were … Continue reading Stocks held back by slumps for energy, auto parts companies

Ukraine says it foiled 2nd cyberattack after police raid

KIEV, Ukraine/July 5, 2017 (AP)(STL.News) — Ukraine has dodged a second cyberattack, officials said Wednesday, suggesting that the digital campaign which paralyzed computers across the country and around the world is still ongoing. Ukraine is still trying to find its feet after scores or even hundreds of businesses and government agencies were hit by an … Continue reading Ukraine says it foiled 2nd cyberattack after police raid

Global shares mostly higher, shrugging off NKorea concerns

HONG KONG/July 5, 2017 (AP)(STL.News) — Shares rose Wednesday, reversing early losses as investors shrugged off concerns over North Korea’s launch of a long-range missile a day earlier. Trading was thin following the U.S. Independence Day holiday. Investors are looking ahead to the Group of 20 summit later this week in Hamburg, Germany. KEEPING SCORE: … Continue reading Global shares mostly higher, shrugging off NKorea concerns

Gains for energy companies and banks boost stock indexes

NEW YORK/July 3, 2017 (AP)(STL.News) — U.S. stocks rose Monday as banks continued to climb along with interest rates, and energy companies rallied again with oil prices. Better-than-expected auto sales and a strong report on U.S. factories also boosted stocks. Energy companies made large gains in Monday’s abbreviated trading session as oil prices rose for … Continue reading Gains for energy companies and banks boost stock indexes

Industrial companies lead US stock indexes mostly higher

July 1, 2017 (AP)(STL.News) Wall Street closed out the final day of the second quarter with slight gains after a broad rally faded in the last few minutes of trading Friday. The Dow Jones industrial average and the Standard & Poor’s 500 index eked out tiny gains, while the Nasdaq composite closed essentially flat. Industrial … Continue reading Industrial companies lead US stock indexes mostly higher

Steep slide in tech companies pulls US stocks lower

June 29, 2017 (AP)(STL.News) A steep slide in technology companies pulled U.S. stocks lower Thursday, erasing gains from the previous day. Investors also sold big-dividend stocks as bond yields rose. Banks and energy stocks bucked the broader market decline. Crude oil prices closed higher for the sixth straight day. The shift out of the technology … Continue reading Steep slide in tech companies pulls US stocks lower

Asian shares rally on Wall St rebound as confidence rises

HONG KONG/June 29, 2017 (AP)(STL.News) — Asian shares rallied Thursday following Wall Street’s rebound as investors regained confidence in the global economic outlook. KEEPING SCORE: Japan’s benchmark Nikkei 225 index rose 0.5 percent to 20,220.47 and South Korea’s Kospi advanced 0.5 percent to 2,395.12. Hong Kong’s Hang Seng gained 0.9 percent to 25,904.39 and the … Continue reading Asian shares rally on Wall St rebound as confidence rises

US stock market makes biggest gain in 2 months

June 28, 2017 (AP)(STL.News) The U.S. stock market notched its biggest gain in two months Wednesday, bouncing back from losses a day earlier. Banks and other financial companies led the rally as investors bet on interest rates climbing further. Banks can make more money on lending when rates move higher. Technology companies were among the … Continue reading US stock market makes biggest gain in 2 months

Trump says US on brink of become net exporter of energy

WASHINGTON/June 27, 2017 (AP)(STL.News) — With U.S. exports of oil and natural gas surging, President Donald Trump says the U.S. is on the brink of becoming a net exporter of oil, gas and other resources. The White House is launching its “energy week” with a series of events focused on jobs and boosting U.S. global … Continue reading Trump says US on brink of become net exporter of energy

US stock indexes close mostly higher; oil recovers

June 26, 2017 (AP)(STL.News) U.S. stock indexes closed mostly higher Monday, snapping a four-day losing streak for the Dow Jones industrial average on a day of largely listless trading. Utilities led the gainers as falling bond yields made high-dividend companies more attractive to income-seeking investors. Phone companies and real estate investment trusts, which also tend … Continue reading US stock indexes close mostly higher; oil recovers

Global markets higher after Wall Street rebound

BEIJING/June 26, 2017 (AP)(STL.News) — Global stock markets rose Monday after Wall Street rebounded from losses to end last week higher on stronger oil and gas prices. KEEPING SCORE: France’s CAC-40 rose 0.8 percent to 5,309.52 and the FTSE 100 in London gained 0.6 percent to 7,467.23. Germany’s DAX advanced 0.6 percent to 12,806.92. On … Continue reading Global markets higher after Wall Street rebound