MANCHESTER, N.H. — President Donald Trump sought to reassure his supporters about the state of the U.S. economy despite the stock market volatility and told rallygoers in New Hampshire, a state that he hopes to capture in 2020, that their financial security depends on his reelection. "Whether you love me...
China Threatens Retaliation for Trump's Planned Tariff Hike
BEIJING — China on Friday threatened retaliation if U.S. President Donald Trump's planned tariff hikes go ahead, while the renewed acrimony between the two biggest global economies sent stock markets tumbling. China's government accused Trump of violating his June agreement with President Xi Jinping to revive negotiations aimed at ending...
Uber Shares Continue to Slide in First Full Day of Trading
NEW YORK — Uber shares were down 8% in morning trading Monday and dipped below $38 after the opening bell. Monday was the first full day of trading for the ride-hailing company after its rocky debut on the stock market Friday. Its shares had been priced at $45 each. It's...
Wall Street Keeps Hitting Records. What Do Investors Do Now?
The S&P 500 just hit an all-time high, recovering from last year's dramatic plunge. The economy seems to be on fairly solid footing, still it's anyone's guess what happens next for the stock market. So what does this mean for the average investor? Here are answers to some questions about...
US Mortgage Rates Post Biggest Drop in Decade to 4.06%
WASHINGTON — Purchasing a home just became a lot cheaper, thanks mostly to the Federal Reserve's decision last week to put its interest rate hikes on hold for now. Mortgage buyer Freddie Mac said Thursday that the average 30-year fixed rate mortgage plunged to 4.06 percent this week, down from...
Apple Drops iPhone Bombshell on Already Reeling Stock Market
SAN FRANCISCO — Apple acknowledged that demand for iPhones is waning, confirming investor fears that the company's most profitable product has lost some of its luster. The reckoning came in a letter from Apple CEO Tim Cook to the company's shareholders released after the stock market closed Wednesday. Cook said Apple's revenue...
US Stocks End Dismal, Volatile Year on a Bright Note
Wall Street closed out a dismal, turbulent year for stocks on a bright note Monday, but still finished 2018 with the worst showing in a decade. After setting a series of records through the late summer and early fall, major U.S. indexes fell sharply after early October, leaving them all...
Buoyant Stocks Lift US Household Wealth, Mainly for Affluent
WASHINGTON — A rising stock market lifted U.S. household wealth to a record $106.9 trillion in the April-June quarter, the culmination of a decade of economic recovery but a gain that is concentrated largely among the most affluent. The value of Americans' stock and mutual fund portfolios rose $800 billion...
Buffetcare Health Insurance, Anyone? How About Amazoncare?
Obamacare is being reduced to a faint pulse. Trumpcare isn't fully formed, and likely will never be. So why wouldn't three American billionaires put their ingenuity and their bankrolls into creating a health insurance company to service the needs of their employees? Warren Buffett, Jeff Bezos and Jamie Dimon delivered...
Buffetcare Health Insurance, Anyone? How About Amazoncare?
Obamacare is being reduced to a faint pulse. Trumpcare isn't fully formed, and likely will never be. So why wouldn't three American billionaires put their ingenuity and their bankrolls into creating a health insurance company to service the needs of their employees? Warren Buffett, Jeff Bezos and Jamie Dimon delivered...