Sunday , 20 January 2019

Business News

Asian markets advance on optimism over China-US trade

Shares in Asia rose Monday, extending gains on Wall Street last week. Buying enthusiasm has been spurred by renewed hopes for progress on resolving the trade standoff between the U.S. and China. Shares rose in Shanghai and Hong Kong early Monday despite news that China’s economy grew at its lowest pace in three decades last year. KEEPING SCORE: The Shanghai …

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China 2018 economic growth falls to 3-decade low

China’s 2018 economic growth fell to a three-decade low as activity cooled amid a tariff war with Washington. The world’s second-largest economy expanded by 6.6 percent over a year earlier, down from 2017’s 6.9 percent, official data showed Monday. Growth in the three months ending in December cooled to 6.4 percent from the previous quarter’s 6.5 percent. Communist leaders are …

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Elon Musk warns 'the road ahead is very difficult' announcing Tesla layoffs

Tesla announced on Friday that it will cut 7 percent of its workforce, marking the second round of job cuts in just over six months, as it faces the pressure of building and delivering its long-promised, lower-priced Model 3s at scale while keeping costs down. The news comes just one week after CEO Elon Musk announced layoffs of 10 percent …

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The Latest: TSA adds personnel to Newark, N.J., airport

The Latest on the impact of the partial government shutdown on the travel industry (all times local): 6:45 p.m. Federal officials are sending extra security screeners to beef up staffing at checkpoints at the airport in Newark, New Jersey. A Transportation Security Administration spokesman confirmed the move Friday but didn’t give numbers. An airport official says TSA is sending 10 …

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Business Highlights

___ Travel industry fears damage from a long government shutdown ATLANTA (AP) — The scene at most of the nation’s airports has so far been marked more by concerned passengers showing up early than by missed flights. Longer lines are evident at some airports. But delays resulting from a rise in federal security screeners calling in sick have been slight. …

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Stocks keep climbing as hopes for US-China trade deal rise

Stocks in the U.S. and Europe jumped Friday as renewed hopes for progress in trade talks between the U.S. and China helped the markets finish the week with another strong gain. Indexes jumped after Bloomberg News reported that China’s government offered to buy more goods and services from the U.S., potentially eliminating its trade deficit by 2024. For investors, the …

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How major US stock indexes fared Friday

Stocks in the U.S. and Europe jumped Friday as renewed hopes for progress in trade talks between the U.S. and China helped the markets finish the week with another strong gain. On Friday: The S&P 500 index leaped 34.75 points, or 1.3 percent, to 2,670.71. The Dow Jones Industrial Average advanced 336.25 points, or 1.4 percent, to 24,706.35. The Nasdaq …

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VF, CVS Health and JB Hunt jump while Netflix falls

Stocks that moved substantially or traded heavily on Friday: V.F. Corp., up $9.08 to $82.34 The maker of brands including Timberland and North Face raised its forecasts following a strong quarter. Tesla Inc., down $45.05 to $302.26 The electric car maker said it will cut 7 percent of its jobs to reduce costs. J.B. Hunt Transportation Services Inc., up $6.19 …

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Number of federal workers seeking US jobless aid doubles

The number of furloughed federal employees seeking unemployment benefits jumped in the first two weeks of the shutdown, topping 10,000 during the week of Jan. 5. The Labor Department said Thursday that is double the number of federal workers who sought aid in the previous week. Typically fewer than a thousand former federal employees apply for jobless benefits each week. …

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Travel industry fears damage from a long government shutdown

America’s busiest airport, Atlanta’s Hartsfield-Jackson International, is a blur of activity on the best of days. But an extra layer of anxiety gripped the airport Friday, the eve of a three-day holiday weekend. The partial government shutdown — the longest ever — has thinned the ranks of federal workers who staff airport security lines. And some travelers had braced for …

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