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Economy News

Sat, Feb 16th, 2019
Gone in a New York minute: How the Amazon deal fell apart

NEW YORK (AP) — In early November, word began to leak that Amazon was serious about choosing New York to build a giant new campus. The city was eager to lure the company and its thousands of high-paying...

AMZN : 1,607.95 (-0.91%)
Gucci to step up diversity hiring after 'blackface' uproar

NEW YORK (AP) — Italian fashion house Gucci announced a major push Friday to step up diversity hiring as part of a long-term plan to build cultural awareness at the luxury fashion company following an...

IG report: Ex-housing agency director Watt misused position

WASHINGTON (AP) — Mel Watt, the former director of the Federal Housing Finance Agency, misused his position when he attempted to coerce a female employee of the agency to engage in a personal relationship...

FNMA : 2.7100 (+4.63%)
How major US stock indexes fared Friday

Stocks surged on Wall Street Friday after Chinese and U.S. officials agreed to continue trade talks in Washington next week.

Stocks post strong finish as optimism over trade talks grows

The Dow Jones Industrial Average surged more than 400 points Friday as renewed optimism over trade talks between the U.S. and China put investors in a buying mood.

PEP : 115.91 (+2.95%)
MAT : 13.82 (-18.27%)
Markets Right Now: Stocks surge, boosted by trade talks

NEW YORK (AP) — The latest on developments in financial markets (all times local):

MAT : 13.82 (-18.27%)
Trump says he might extend deadline in US-China talks

BEIJING (AP) — President Donald Trump said that "there's a possibility" he would extend a March 2 deadline in trade talks with China if the two countries are closing in on a deal.

The Latest: Trump might extend March 2 trade deadline

BEIJING (AP) — The Latest on China-U.S. trade talks in Beijing (all times local):

Amazon's exit could scare off tech companies from New York

NEW YORK (AP) — Amazon jilted New York City on Valentine's Day, scrapping plans to build a massive headquarters campus in Queens amid fierce opposition from politicians angry about nearly $3 billion...

WFM : 42.00 (+0.02%)
World stocks recover as US-China trade talks extended

SINGAPORE (AP) — World stock markets bounced back on Friday after Chinese officials said trade talks with the U.S. would continue in Washington next week. Markets had been dragging on the absence of...

Official Chinese news agency says US, Chinese trade negotiators will meet next week in Washington

BEIJING (AP) — Official Chinese news agency says US, Chinese trade negotiators will meet next week in Washington.

Amazon's exit could scare off tech companies from New York

NEW YORK (AP) — Amazon jilted New York City on Valentine's Day, scrapping plans to build a massive headquarters campus in Queens amid fierce opposition from politicians angry about nearly $3 billion...

WFM : 42.00 (+0.02%)
Asian stocks slip on Wall Street leads as trade talks simmer

SINGAPORE (AP) — Asian shares were broadly lower on Friday, tracking a weak Wall Street session as traders awaited the conclusion of U.S.-China talks in Beijing.

The Latest: Arlington says it's sticking to its Amazon plans

NEW YORK (AP) — The Latest on the decision by Amazon to dump New York City as a location for a new headquarters (all times local):

North Korea exploring sanctions-proof energy technologies

NAMPO, North Korea (AP) — Power-strapped North Korea is exploring two ambitious alternative energy sources — tidal power and coal-based synthetic fuels — that could greatly improve living standards...

A glance at US mortgage rates

Long-term U.S. mortgage rates fell this week to a 12-month low, according to mortgage buyer Freddie Mac, an enticement for prospective homebuyers in the upcoming season.

US mortgage rates fall to 12-month low; 30-year at 4.37 pct

WASHINGTON (AP) — U.S. long-term mortgage rates fell this week to a 12-month low, an enticement for prospective homebuyers in the upcoming season.

National Retail Group: holiday sales fell short

NEW YORK (AP) — The National Retail Federation, the nation's largest retail trade group, said that holiday sales increased a lower-than-expected 2.9 percent as worries about the trade war with China,...

Too big to sell: Airbus bids pained adieu to superjumbo A380

TOULOUSE, France (AP) — To passengers, the A380 feels immediately different — spacious, smooth and oddly elegant for a jet so gargantuan. Yet to Airbus, it's become a burden so super-sized that the...

BA : 417.97 (+1.99%)
US unemployment claims rise by 4,000 to 239,000

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week but remains at levels low enough to show that most workers enjoy job security.

Chart of the Day

S&P 500 Ishares Core ETF (IVV)

The Barchart Chart of the Day belongs to the S&P 500 ETF (IVV). I thought it was important to see just how much the Market has recovered since it's recent low point on 12/26/18. Since the Trend Spotter signaled a buy on 1/31 the ETF gained 2.5...
Read More

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