Business

U.S. Tax Plan Hopes Lift Stocks, Strengthen Dollar

World stocks advanced, bond yields rose and the U.S. dollar strengthened on Friday on increased hopes President Donald Trump could make progress on his fiscal plans after the Senate approved…

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Business Briefs – October 19, 2017

Toyota Tops Consumer Reports’ Auto Reliability Rankings DETROIT (AP) – Toyota is the top brand in Consumer Reports’ annual vehicle reliability rankings. Toyota Motor Co.’s luxury Lexus brand is second,…

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Last-Minute Rebound Lifts S&P 500, Dow Edge to New Highs

A last-minute surge nudged U.S. stock indexes mostly higher Thursday, barely extending the market’s winning streak and milestone-setting run. The Standard & Poor’s 500 index and Dow Jones industrial average…

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GM Reaches $120m Settlement With States Over Switches

General Motors Co. has reached a $120 million settlement with 49 states and the District of Columbia over its defective ignition switches. GM recalled 2.6 million small cars worldwide in…

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Apple Drags Down Wall Street From Record Highs

Losses in Apple stalled Wall Street’s record run on Thursday as worries over slack demand for iPhone 8 sent its shares down 2.5 percent. Shares of the world’s biggest company…

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Long-Term Mortgage Rates Fall; 30-Year at 3.88 Percent

Long-term U.S. rates slipped this week, reversing two straight weekly increases. Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages fell to 3.88 percent from 3.91 percent…

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U.S. Jobless Claims Hit More Than 44-Year Low

The number of Americans filing for unemployment benefits dropped to its lowest level in more than 44 years last week, pointing to a rebound in job growth after a hurricane-related…

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Asian Markets Mixed as Data Shows China Growth Slowed

Asian markets were mixed on Thursday after Wall Street closed at record highs. Data showed that China’s quarterly growth slowed slightly but was in line with expectations. Japan’s Nikkei 225…

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Dow Passes 23,000

A day of modest gains on Wall Street resulted in more milestones for U.S. stocks Wednesday as the Dow Jones industrial average closed above 23,000 points for the first time.…

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Business Briefs – October 18, 2017

Corporations to Keep Tax Break Lost by Millions of Americans WASHINGTON (AP) – Millions of Americans would lose a prized tax break under President Donald Trump’s sweeping revamp of the…

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