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Economy News

Mon, Jul 15th, 2019
S&P 500 notches another record after a muted, mixed day

NEW YORK (AP) — A wobbly day of trading ended with meager gains for U.S. stock indexes on Monday, enough to nudge them further into record territory, as the curtain rose on what's expected to be the...

MSFT : 138.90 (unch)
UNH : 265.96 (+0.02%)
UAL : 91.32 (+0.10%)
BA : 361.61 (-1.02%)
BAC : 29.22 (-0.78%)
JPM : 113.90 (-1.21%)
MRO : 13.48 (-3.16%)
C : 71.71 (-0.08%)
China's growth cools further as tariff war pressures mount

BEIJING (AP) — China's economic growth sank to its lowest level in at least 26 years in the quarter ending in June, adding to pressure on Chinese leaders as they fight a tariff war with Washington.

PG : 115.48 (+0.43%)
Deals, protests during Amazon Prime Day

NEW YORK (AP) — Amazon's Prime Day is coming with a wave of deals — and protests.

TGT : 86.80 (-0.83%)
AMZN : 2,020.99 (+0.50%)
WMT : 114.98 (+0.33%)
After years of plenty, auto workers want a bigger slice

DEARBORN, Mich. (AP) — Contract talks between the United Auto Workers and Detroit's three automakers kicked off with the union president departing from the traditionally friendly tone by telling Ford...

TM : 127.63 (-0.06%)
F : 10.42 (-0.67%)
GM : 39.36 (+0.38%)
Trade wars cool market for small businesses

NEW YORK (AP) — The market for small businesses cooled for the third straight quarter during the spring as tariffs from the trade war with China made some sellers and buyers uneasy about making a deal....

Stocks edge lower as bank losses offset technology gains

NEW YORK (AP) — Stocks edged lower in early trading Monday on Wall Street as a decline in banks offset solid gains in technology companies.

UNH : 265.96 (+0.02%)
JPM : 113.90 (-1.21%)
BA : 361.61 (-1.02%)
UAL : 91.32 (+0.10%)
Asian shares mixed as China reports economy slowed in 2Q

BANGKOK (AP) — Shares were mixed in Asia on Monday, with gains in Chinese markets on hopes for fresh stimulus measures after the government reported that the economy grew at the slowest pace in a decade...

Business Highlights

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MSFT : 138.90 (unch)
VWAGY : 17.6300 (+1.32%)
VWAPY : 17.3600 (+0.78%)
UAL : 91.32 (+0.10%)
Stocks climb to records on hopes for lower interest rates

NEW YORK (AP) — The major U.S. stock indexes closed at record highs on Friday, with the S&P 500 ending above 3,000 for the first time. The market was driven higher by technology, consumer discretionary...

C : 71.71 (-0.08%)
JNJ : 134.71 (+0.31%)
PFE : 42.75 (+0.83%)
WFC : 46.71 (-1.37%)
JPM : 113.90 (-1.21%)
LLY : 108.47 (+0.17%)
Mnuchin urges Congress to quickly pass new debt limit

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin told congressional leaders that the debt ceiling should be raised before lawmakers leave for their August recess to avert the potential of an unprecedented...

Colorado abuse hotline emails went unchecked for 4 years

DENVER (AP) — A Colorado state email account that was created to report suspected child abuse and neglect went unchecked for over four years, and five possible cases that were undiscovered until May...

China imports from US plunge 31% in June amid tariff war

BEIJING (AP) — China's trade with the United States plunged last month as a tariff war battered exporters on both sides of the Pacific Ocean.

US producer prices rise a modest 0.1% in June

WASHINGTON (AP) — U.S. producer prices rose modestly in June, another sign that inflationary pressures remain subdued.

Huawei calls on US to lift export restrictions

SHENZHEN, China (AP) — The chairman of Huawei said Friday the Chinese tech giant has yet to see any benefit from President Donald Trump's promise to allow U.S. companies to sell some components to the...

World shares mostly higher after Wall St sets new records

BANGKOK (AP) — World shares were mostly higher on Friday after Wall Street ended overnight with the Dow Jones Industrial Average closing above 27,000 for the first time.

China's imports from U.S. plunge 31.4% in June from year earlier amid tariff war, exports to US fall 7.8%

BEIJING (AP) — China's imports from U.S. plunge 31.4% in June from year earlier amid tariff war, exports to US fall 7.8%.

Asian shares mostly higher after Wall St sets new records

BANGKOK (AP) — Shares in Asia are mostly higher after a turbulent day on Wall Street ended with the Dow Jones Industrial Average closing above 27,000 for the first time.

BAC : 29.22 (-0.78%)
WFC : 46.71 (-1.37%)
GS : 211.58 (-1.10%)
SCHW : 40.30 (+0.42%)
UNH : 265.96 (+0.02%)
CI : 177.03 (-1.22%)
Trump applauds far-right social media provocateurs

WASHINGTON (AP) — President Donald Trump used a White House conference Thursday to applaud far-right social media provocateurs even as he conceded that some of them are extreme in their views.

Powell sends further signals of future rate cuts

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell, testifying for a second day before Congress, said Thursday that the economy is in a "very good place" despite headwinds and that the Fed is prepared...

A glance at US mortgage rates: 30-year loan steady at 3.75%

U.S. long-term mortgage rates were little changed this week. The key 30-year, fixed-rate loan held steady at 3.75%.

Chart of the Day

Smartsheet Inc Cl A (SMAR)

The Barchart Chart of the Day belongs to the software company Smartsheets(SMAR). I found the stock by sorting Barchart's New All-Time High list first by the highest Weighted Alpha, then I used the Flipchart feature to review the charts for consi...
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