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US indexes inch higher as energy stocks claw from the hole

NEW YORK (AP) — U.S. stock indexes ticked higher Friday as energy companies clawed back some of their sharp losses from earlier in the week. The Standard & Poor's 500 index was on pace to close out the week with a modest gain, its fourth in the las...

 

Energy stocks dive anew, offset tech gains; US indexes mixed

NEW YORK (AP) — Energy stocks dove again on Wednesday as oil dropped to its lowest price since last summer, extending their dismal start to the year. Gains for health care and technology stocks helped hem in losses for broader market indexes. The...

 

Global shares fall on Fed rate hike, UK rate outlook

TOKYO (AP) — Global stocks fell Thursday after the U.S. Federal Reserve raised its key interest rate and the Bank of England revealed it was unexpectedly close to hiking its own benchmark rate at its policy meeting. KEEPING SCORE: Germany's DAX...

 

Amazon-Whole Foods deal hammers grocery stores; Dow ticks up

NEW YORK (AP) — Amazon's $13.4 billion deal for Whole Foods sent grocery stores, big retailers, and food makers and distributors plunging Friday. Energy companies rose while other stocks were little changed. It's rare for a single deal to have a...

 

Small businesses in clean energy sector still hope for best

NEW YORK (AP) — Small business owners who install solar panels or help customers use clean energy don't seem fazed by President Donald Trump's plan to withdraw the U.S. from the Paris climate accord, saying they expect demand for their services...

 

Trump promises 'first-class' infrastructure system for US

CINCINNATI (AP) — Dogged by allegations in Washington, President Donald Trump traveled to friendlier territory Wednesday and promised to create a "first-class" system of roads, bridges and waterways by using $200 billion in public funds to...

 

Violence warned over US dropping conflict minerals rule

NAIROBI, Kenya (AP) — Increased violence and corruption in central Africa could be the result of the recent decision by the U.S. Securities and Exchange Commission not to enforce a rule requiring American companies to report their use of conflict...

 

States take steps to entice minority marijuana entrepreneurs

Some states that have legalized marijuana are encouraging minorities to enter the growing cannabis industry after years of drug enforcement that had a disproportionate effect on black and Hispanic communities. A look at some of the efforts...

 

How food stamp cuts could ripple through the economy

NEW YORK (AP) — A proposal to curtail the nation's food stamp program would pinch families struggling to pay for groceries and ripple through other areas of the economy, including supermarkets and discounters, as people shuffle their budgets....

 

Ready to serve: Businesses find vets are dedicated, capable

NEW YORK (AP) — Clinton Smith hires veterans because he knows military service has helped them become dedicated and hard-working staffers. "When you say, 'I need you to do this right now,' they get it done and get it done well," says Smith, a forme...

 

Trump budget keeps pledges: Cuts for poor, more for military

WASHINGTON (AP) — President Donald Trump fulfilled a major campaign promise Tuesday, proposing a $4.1 trillion budget plan that would upend Washington in a big way. But he drew rebukes, even from some Republican allies, for the plan's jarring,...

 

Trump budget promises balance in decade, relies on deep cuts

WASHINGTON (AP) — President Donald Trump is proposing to balance the federal budget within a decade by making sharp cuts to social safety-net programs like food stamps and Medicaid and offering optimistic estimates of economic growth and tax...

 

Trade deal feeds China taste for beef, won't close deficit

BEIJING (AP) — A new China-U.S. trade deal will help sate the growing Chinese appetite for beef and allow more natural gas imports to fuel the country's expanding economy, but it steers clear of bigger issues that would have more substantial...

 

AP FACT CHECK: Overblown claim on new China trade deal

WASHINGTON (AP) — Heralding a new U.S.-China trade agreement, Commerce Secretary Wilbur Ross puffed a bit too hard in describing its greatness. "It was pretty much a Herculean accomplishment to get this done," Ross said in describing a trade plan...

 

Economic summit to promote tribal community development

RAPID CITY, S.D. (AP) — Finding innovative ways to promote development in economically depressed Native American communities is the goal of next week's inaugural Great Plains Tribal Leaders' Economic Development Summit in Rapid City. The Rapid...

 

US services firms grow faster in April

WASHINGTON (AP) — U.S. services companies expanded at a faster pace in April, good news for the overall American economy. The Institute for Supply Management, a trade group of purchasing managers, said Wednesday that its services index rose last...

 

NY state saves $20M through green energy, recycling

ALBANY, N.Y. (AP) — Increased recycling, greater reliance on renewable energy and less use of copy paper have saved New York state government nearly $20 million over five years. Democratic Gov. Andrew Cuomo's office released a list of savings...

 

Why Trump tax cut may not deliver the boost White House says

WASHINGTON (AP) — President Donald Trump's team boasted Wednesday that its tax-cut plan would lighten Americans' financial burdens, ignite economic growth and vastly simplify tax filing. Yet the proposal so far remains short of vital details,...

 

Trump's gyrations on NAFTA cause a flurry of head-scratching

WASHINGTON (AP) — President Donald Trump campaigned on an "America First" trade policy of bracing clarity: Renegotiate or abandon NAFTA and crack down on China's trade practices. Yet so far, his trade policy has produced mostly confusion and...

 

Trump tax cut: Huge, vague and likely mild boost for economy

WASHINGTON (AP) — President Donald Trump's team boasted Wednesday that its tax-cut plan would lighten Americans' financial burdens, ignite economic growth and vastly simplify tax filing. Yet the proposal so far remains short of vital details,...

 

Women in the military: US Navy redesigning its submarines

PROVIDENCE, R.I. (AP) — Every submarine in the U.S. fleet was designed with the height, reach and strength of men in mind, from the way valves are placed to how display screens are angled. That's going to change. With women now serving aboard...

 

IMF foresees global economy accelerating to 3.5 pct. in '17

WASHINGTON (AP) — A resilient China, rising commodity prices and sturdy financial markets are offering a sunnier outlook for the global economy and helping dispel the gloom that has lingered since the Great Recession ended. That's the picture...

 

US industrial production up 0.5 percent in March

WASHINGTON (AP) — U.S. industrial production posted a solid gain in March, reflecting a record rebound in utility output. But a closely watched gauge of manufacturing posted its first setback in seven months as auto production dropped sharply. The...

 

If you build it, they'll stay; boomers remodel their homes

NEW YORK (AP) — If you build it, they will stay. The small businesses that dominate the home remodeling industry are expecting robust growth in the next few years, thanks partly to baby boomers who want to remain in their homes. Home remodelers...

 

US tells companies not to overlook qualified Americans

WASHINGTON (AP) — The Trump administration issued a stern warning to U.S. companies as they began applying for coveted skilled-worker visas Monday, cautioning that it would investigate and prosecute employers that overlook qualified American...

 

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