Business

Average 30-Year Mortgage Rate Edges Up to 4.16 Percent

Long-term U.S. mortgage rates rose slightly this week, continuing a holding pattern that has prevailed this month. Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate loans edged up…

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Business Briefs – February 22, 2017

End of the Euro? French Candidate Plots Return of the Franc PARIS (AP) – What happens to the euro if Marine Le Pen actually gets elected president of France? The…

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Stocks Slip From Highs as Energy Companies Sink; Dow Gains

U.S. stocks slipped Wednesday after their recent record-setting run. Energy companies stumbled, but basic materials makers rose as investors hoped two large deals will win approval from regulators. While energy…

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Automakers Ask Trump EPA Boss to Toss Obama Mileage Decision

Automakers have asked the U.S. Environmental Protection Agency’s new chief to withdraw a decision made in the Obama administration’s final days that upheld light-vehicle greenhouse gas emissions standards through 2025.…

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Many Fed Officials See Rate Hike ‘Fairly Soon’

Federal Reserve officials expressed confidence they can raise interest rates gradually, while a hike “fairly soon” might be appropriate to avoid the risk of an overheated economy, minutes of Federal…

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Oil Drops on Worries of Swelling U.S. Stockpiles

Oil prices fell about 1.5 percent on Wednesday on expectations of another surge in U.S. inventories, but they traded close to multi-week highs after OPEC signaled optimism over its deal…

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Asian Stocks Drift Higher as Investors Await Fed Minutes

Asian stock markets were mixed with subdued movements on Wednesday, getting little push from Wall Street’s record high overnight, as investors awaited the Fed’s latest meeting minutes, due later in…

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Business Briefs – February 21, 2017

Vail Resorts to Buy Vermont’s Stowe Mountain Ski Resort MONTPELIER, Vt. (AP) — Colorado-based Vail Resorts says it’s buying Vermont’s Stowe Mountain ski resort for $50 million. Vail said Tuesday…

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American Airlines Launches Cheap Economy Fares

Cheap, no-frills fares from American Airlines are here. On Tuesday, the Fort Worth-based carrier began selling its “basic economy” fare on ten routes, including Dallas/Fort Worth to Baltimore, Philadelphia and…

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U.S. Stocks Start Week at New Highs on Deal Hopes

Stocks are breaking records again on Tuesday as the market resumes its climb after a holiday break. Energy companies are rising with the price of oil. Consumer goods giant Kraft…

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Macy’s Profit Falls Nearly 13 Percent

Macy’s, the nation’s largest department store chain, says that its earnings for the quarter that includes the year-end shopping season dropped nearly 13 percent as results were dragged down by…

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