Money & Markets

AP PHOTO
This May 16, photo shows new town homes under construction in Woodstock, Ga. The Standard & Poor's/Case-Shiller 20-city home price index for May is released, Tuesday.

US home prices reach record high for 6th straight month

WASHINGTON — U.S. home prices reached a new high in May for the sixth straight month, which may raise fears of another housing bubble roughly a decade after a previous one burst. The Standard & Poor's CoreLogic national home price index, released Tuesday, increased 5.6 percent in May, ...

Yellen

Trump weighs replacing Fed Chair Yellen with ex-Goldman exec

WASHINGTON — President Donald Trump said Tuesday that he's considering either re-nominating Janet Yellen for a second term as Fed chair or replacing her with someone else, possibly Gary Cohn, who leads his National Economic Council. Trump said in an interview with the Wall Street Journal ...

AT&T tops Wall Street’s profit, revenue forecasts

DALLAS — Shares of AT&T Inc. rose Tuesday after the company's second-quarter profit and revenue beat industry analysts' projections. The Dallas phone and video company also said that it still expects its $85 billion Time Warner deal to close this year. AT&T bought DirecTV in 2015 and ...

Christopher Grobbel, of Grobbel Environmental and Planning Associates, speaks during feedback session on Enbridge Inc.'s Line 5 at the Hagerty Center on the Great Lakes Campus of Northwestern Michigan College in Traverse City, Mich., Monday, July 24, 2017. Supporters and opponents of twin oil pipelines beneath the Straits of Mackinac are making their cases in a series of public meetings. (Jan-Michael/Traverse City Record-Eagle via AP)

Supporters, foes clash over underwater oil pipeline’s future

TRAVERSE CITY, Mich. — An engineering company's report on the future of twin oil pipelines beneath the Straits of Mackinac is flawed and biased in favor of continuing the existing system, critics said Monday. A business coalition said keeping oil flowing through the 64-year-old pipes is ...

FILE - In this Wednesday, July 19, 2017 file photo, British Prime Minister Theresa May leaves 10 Downing Street in London. May called a snap election in a bid to strengthen her hand in EU negotiations. Instead, voters stripped May's Conservatives of their parliamentary majority, severely denting her authority - and her ability to hold together a party split between its pro-and anti-EU wings. Since then, there has been a disunited British government, and an increasingly impatient EU. Officials of the bloc have slammed British proposals so far as vague and inadequate.  (AP Photo/Matt Dunham)

Divided UK, inconclusive election

LONDON — Lucy Harris thinks Britain's decision to leave the European Union is a dream come true. Nick Hopkinson thinks it's a nightmare. The two Britons — a "leave" supporter and a "remainer" — represent the great divide in a country that stepped into the unknown just over a year ago, ...

BBC women want wide gender pay gap fixed now, not in 3 years

LONDON — Some of the BBC's most prominent female journalists and TV presenters are banding together to demand that the broadcaster fix its wide gender pay gap immediately rather than in several years as management has proposed. TV personalities including Clare Balding, Victoria Derbyshire ...

AP PHOTO
In this March 15, file photo, the four ring logo of German car producer Audi is photographed at the headquarters after the annual press conference in Ingolstadt, Germany. German automaker Audi says it will fit up to 850,000 diesel cars with new software to improve their emissions performance, following a similar move by rival Daimler as the auto industry tries to get ahead of public controversy over the technology. Audi, the luxury brand of the Volkswagen Group, announced the voluntary retrofitting program on Friday.

Audi to update 850,000 cars as diesel recalls widen

BERLIN — German automaker Audi says it will fit up to 850,000 diesel cars with new software to improve their emissions performance, following a similar move by rival Daimler as the auto industry tries to get ahead of public controversy over the technology. Audi, the luxury brand of the ...

Jobless rates fall below 4 pct. in nearly half US states

WASHINGTON — Hiring rose last month in 14 U.S. states in June, and the unemployment rate fell to record lows in two states, evidence that the job market is getting tighter across much of the country. The Labor Department said Friday that unemployment rates fell in 10 states and rose in only ...

Wy. coal production slides during spring

CASPER, Wyo. — Coal production in Wyoming dropped during the spring after a surge of production at the state's mines through fall and winter, federal coal mine regulators said. Wyoming produced 72 million tons of coal between April and June. From January to March, mines produced about 80 ...

Rating agency hopeful on Greece, balks at upgrade

ATHENS, Greece — Ratings agency Standard & Poor's has raised its outlook for Greece from "stable" to "positive," encouraged by a recent round of cost-cutting reforms and an expected return to growth this year. But the agency fell short of upgrading its credit rating, keeping it at B-, ...

AP PHOTO
In this Nov. 7, 2016, file photo, then-ExxonMobil CEO and chairman Rex W. Tillerson gives a speech at the annual Abu Dhabi International Petroleum Exhibition & Conference in Abu Dhabi, United Arab Emirates. The Treasury Department hit Exxon Mobil Corp. with a $2 million fine on Thursday, for violating Russia sanctions while Tillerson was the oil company’s CEO.

Exxon fined $2M for Tillerson-era breach of Russia sanctions

WASHINGTON — Exxon Mobil Corp. must pay a $2 million fine for showing "reckless disregard" for U.S. sanctions on Russia while Secretary of State Rex Tillerson was the oil giant's CEO, the Treasury Department said Thursday. Exxon sued the U.S. government to stop the fine. Treasury said that ...

Sears cuts a deal with Amazon

HOFFMAN ESTATES, Ill. — Sears will begin selling its appliances on Amazon.com, including smart appliances that can be synced with Amazon's voice assistant, Alexa. The announcement Thursday sent shares of Sears soaring almost 11 percent. The tie-up with the internet behemoth could give ...

Greece Daily Life

IMF approves $1.8B loan to Greece

WASHINGTON — The International Monetary Fund's board on Thursday approved a $1.8 billion loan to Greece — but will only release the money if the country gets debt relief from its European creditors. The IMF has praised Greece for taking steps to reduce its budget deficits, including ...

Made-in-USA goods can be pricey and elusive. Just ask Trump

WASHINGTON — President Donald Trump's push this week to get Americans to buy goods "made in America" is harder than it might seem. Even for Trump. The gold-plated pens the president uses to sign laws are assembled in Rhode Island but lacquered and engraved in China. The Boeing jet he ...

US-China trade talks break up without breakthrough

WASHINGTON — U.S. and Chinese officials on Wednesday wrapped up high-level talks without announcing any breakthroughs on the contentious economic issues that divide them. The daylong talks at the Treasury Department began with prickly comments from both sides. Chinese Vice Premier Wang Yang ...

Amazon-Cloning Pinterest

Amazon’s Spark looks a lot like Pinterest

NEW YORK — Take Amazon Prime, mix it with Pinterest and add a dash of Instagram. The result is Amazon Spark , a new shopping-focused "social network" aimed at getting hardcore Amazon users to spend even more money with the e-commerce giant. The service launched publicly on Tuesday on ...

Exports push Japan trade surplus to $3.9B

TOKYO — Japan's exports rose nearly 10 percent in June from a year earlier, while imports jumped 15.5 percent, biting into its trade surplus. A recovery in exports to China and the rest of Asia is helping sustain growth of the world's third-largest economy. The customs figures reported ...

AP PHOTO
In this July 8, file photo, U.S. President Donald Trump, left, and Chinese President Xi Jinping arrive for a meeting on the sidelines of the G-20 Summit in Hamburg, Germany. After a cordial meeting between Trump and Xi in April 2017, tensions are simmering again between the world’s two biggest economies.

US-China trade rifts resurface even after friendly summit

WASHINGTON — Cake and conversation, it seems, can go only so far to mend longstanding economic rifts between the United States and China. Three months after President Donald Trump and his Chinese counterpart, Xi Jinping, shared chocolate cake at an amiable summit in Florida, tensions ...

Goldman Goes Main Street

Goldman Sachs moves quietly into Main Street

NEW YORK — More homeowner, less hedge fund titan. Goldman Sachs, long known for its super-rich clients and well-connected executives, is starting to act a lot more like a neighborhood bank. The most Wall Street of Wall Street firms really wants people to start thinking about it the next ...

United Continental’s 2Q profit tops forecasts

DALLAS — A return to higher fares helped boost United Airlines' second-quarter profit above Wall Street expectations, but the momentum behind rising prices could be fading. United said Tuesday that it expects a key revenue per seat figure to be flat in the July-through-September quarter. That ...