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Business

US stocks close broadly lower on new US-China trade jitters

Stocks closed broadly lower on Wall Street Thursday after investors got spooked by a published report that cast doubt on the prospects of a long-term U.S-China trade deal. Bond prices surged, sending yields sharply lower, as traders turned cautious. The sell-off was a marked shift from a day ...

As economy slows, the new ECB head Lagarde faces big challenges

FRANKFURT, Germany (AP) — Europe’s economy is losing steam. Top officials at the European Central Bank are at odds over policy. And it’s even unclear whether they can do much to help anyway. It adds up to a full in-tray for Christine Lagarde as she takes over as ECB president on ...

Boy Scouts to boost annual youth fees by more than 80%

NEW YORK (AP) — Facing a potentially ruinous wave of new sex-abuse lawsuits, the Boy Scouts of America is increasing its annual youth membership fee by more than 80%. The group says the move, which has dismayed many of the Scouts’ adult volunteer leaders who warn the increase is ...

S&P 500 hits new high as traders welcome latest Fed rate cut

Stocks closed broadly higher on Wall Street Wednesday, sending the S&P 500 to a record high for the second time this week, as investors welcomed the Federal Reserve’s decision to lower interest rates for the third time this year. The central bank also indicated that it won’t cut rates ...

US economy grows at small 1.9% rate in third quarter

WASHINGTON (AP) — The U.S. economy slowed to a modest growth rate of 1.9% in the summer as consumer spending downshifted and businesses continued to trim their investments in response to trade war uncertainty and a weakening global economy. The Commerce Department reported Wednesday that ...

US stocks cap wobbly day of trading with modest losses

Technology companies led stocks lower on Wall Street Tuesday as a wobbly day of trading ended with modest losses for the market. Health care stocks jumped on stronger-than-expected reports from drugmakers, but losses by internet and media companies held the market in check. Companies have ...

Here’s the single phrase to watch for from the Fed this week

WASHINGTON (AP) — Economists and investors who are trying to get a fix on what the Federal Reserve may do in the months ahead have zeroed in on a single phrase in the statement it has issued after its most recent policy meetings. The phrase seems innocuous enough. The Fed’s policymakers, ...

More employers offer workers help paying off student loans

Americans collectively owe nearly $1.5 trillion in student loans — more than twice the total a decade ago. It’s a burden that weighs on millions of adults, shaping their life choices and often stunting their financial growth. Now a small but growing number of employers are stepping in to ...

Stocks post gains on a solid earnings, US-China optimism

The S&P 500 closed just short of an all-time high Friday as investors welcomed solid company earnings reports and an encouraging update on trade talks between the U.S. and China. Technology, communications services and financial stocks powered the rally. The index ended within 0.1% of its ...

Solid earnings from tech companies lift stocks higher

Solid profits and forecasts from several technology companies helped lift U.S. stocks to modest gains Thursday, nudging the S&P 500 within striking distance of its all-time high. The benchmark index wavered between small gains and losses through much of the day as investors reviewed ...