Financial markets
Amazon emerges as most valuable US firm amid market turmoil
Amazon has eclipsed Microsoft as the most valuable publicly traded company in the U.S. as a see-sawing stock market continues to reshuffle corporate America's pecking order. The shift occurred Monday after Amazon's shares rose 3 percent to close at $1,629.51 and lifted the e-commerce leader's market value to $797 billion. Meanwhile, ...
Stocks climb on trade talks and encouraging economic report
Stocks rose again Monday, led by gains in retailers and smaller companies after a report showed strong orders last month for service-sector companies, where most Americans work. Investors were also encouraged by the resumption of trade talks between the U.S. and China.That helped stocks build on the huge gains they ...
Markets Right Now: Retailers lead stock gains on Wall Street
The latest on developments in financial markets (all times local):4 p.m.Stocks rose again following a strong report on the economy and the resumption of trade talks between the U.S. and China.The gains Monday built on a massive rally on Friday, the latest big swing over the past three months.Companies that ...
Growing opioid crisis adds to Puerto Rico’s problems
Jose Carlos Laviena emptied his pockets, took off his shoes and waited to die.He had just injected himself with a new type of heroin that his dealer was promoting, but the high was so strong that Laviena thought he had overdosed. The 35-year-old was preparing his body for how he ...
Jittery Wall Street has a lot ahead to be nervous about
Welcome to the brave new world of investing, where every day in the stock market can feel like bedlam.Investors have been careening from fear to relief and back again as they react to morsels of news about the health of the economy and corporate profits, the global trade war and ...
Titans go vegan thanks to linebacker’s wife’s culinary skill
It started because Charity Morgan freaked out.She went to Whole Foods and bought every fruit and vegetable she could find, unloading them on the granite counter top in her kitchen.They covered the entire surface, a rainbow of produce. And she stared at them, frozen in uncertainty.It used to be that ...
Investors, farmers guessing as shutdown delays crop reports
The U.S. Department of Agriculture announced Friday that it must delay the release of key crop reports due to the partial government shutdown, leaving investors and farmers without vital information during an already tumultuous time for agricultural markets. The USDA had planned to release the closely watched reports Jan. 11 but ...
Gov.-elect Walz picks Harrington as new public safety chief
Gov.-elect Tim Walz on Friday named Metro Transit Police Chief John Harrington, a former St. Paul police chief and state senator, as the new public safety chief in his incoming administration.Walz also said he's keeping two more commissioners from outgoing Gov. Mark Dayton's administration: Cynthia Bauerly at the Department of ...
Markets Right Now: Stocks surge on trade talks, jobs report
The latest on developments in financial markets (all times local):9:35 a.m.Stocks are jumping at the open on Wall Street Friday as investors welcome news of trade talks between the U.S. and China and a big gain in jobs in the U.S.The Dow Jones Industrial Average rose 308 points, or 1.4 ...
With Brexit 12 weeks away, uncertainty squeezing UK economy
With Britain just 12 weeks away from the day it is meant to leave the European Union, one thing is becoming clear — uncertainty over what Brexit will mean is hurting the economy.A raft of economic figures released Friday showed the British economy weakening at the turn of the year ...
Japanese shares skid, Shanghai climbs after Wall St sell-off
Japanese shares tumbled and Shanghai's benchmark climbed Friday as Asian markets steadied following a technology-led sell-off on Wall Street.The Nikkei 225 index started its first trading day of 2019 by falling more than 3 percent. At its close, it was 2.3 percent lower at 19,561.96 as technology and electronics makers ...
With slump in iPhone sales, are we post Peak Smartphone?
Behind Apple's disconcerting news of weak iPhone sales lies a more sobering truth: The tech industry has hit Peak Smartphone, a tipping point when everyone who can afford one already owns one and no breakthroughs are compelling them to upgrade as frequently as they once did.Some manufacturers have boosted prices ...
Markets Right Now: Stocks slide after Apple sees China slump
The latest on developments in financial markets (all times local):11:45 a.m.Stocks went into a steep slide after Apple reported a slowdown in iPhone sales over the holidays in China, a hugely important market for the company.The rare warning of disappointing results from Apple sent a shudder through markets Thursday and ...
No refuge for investors: Even “safe” funds fell in 2018
The past year felt dismal for investors. Even worse, the gloom was all-encompassing.Mutual funds of all types sank. Even those funds that are typically steadier during turbulent markets struggled through what became the worst year since the Great Recession for many investors.Stock, bond and commodity markets all succumbed to worries ...
Apple warning of weak sales in China sends US stocks sinking
Apple's warning that its sales in China weakened over the holidays added to investors' fears that the global economy is losing strength, with the trade fight between the U.S. and China making the situation worse. U.S. stock indexes fell sharply Thursday morning.Apple's stock plunged 8.9 percent and other big exporters ...
Startups reinvent the sheet-buying experience
A new year calls for sparkly new sheets. But shoppers looking for high-quality linens without hurting their budget may want to skip the so-called white sales at mass retailers.A new cast of startups, including Parachute, Brooklinen, and Boll & Branch, are cutting out middlemen and selling directly to customers online ...
Tough start to 2019 for stocks after weak data from China
Global stocks are falling to start 2019 after more shaky economic news from China. The stock market turned volatile late in 2018 as investors grew increasingly worried about threats to global economic growth, and those concerns could define the market's path new year as well.A government survey and one by ...
Asian stocks skid after weak China factory readings
Asian stock markets tumbled Wednesday as 2019 trading began with news of weaker Chinese manufacturing.KEEPING SCORE: The Shanghai Composite Index fell 1.4 percent to 2,458.85 and Hong Kong's Hang Seng lost 2.7 percent to 25,160.67. Japanese markets were closed. Seoul's Kospi retreated 1.7 percent to 2,006.26 and Sydney's S&P-ASX 200 ...
Asian stocks skid after weak China factory readings
Asian stock markets tumbled Wednesday as 2019 trading began, after surveys showed Chinese manufacturing weakening.KEEPING SCORE: The Shanghai Composite Index lost 1.1 percent to 2,465.29 and Hong Kong's Hang Seng fell 2.6 percent to 25,161.03. Japan's markets were closed. Seoul's Kospi lost 1.3 percent to 2,013.80 and Sydney's S&P-ASX 200 ...
Plunge in oil prices threatens Iraq’s postwar recovery
The latest plunge in oil prices has dealt a heavy blow to Iraq's stagnating economy, threatening the new government's ability to rebuild after the war with the Islamic State group and provide basic services to areas roiled by recent protests. Brent crude oil, used to price international purchases, briefly rose above ...
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