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How major US stock indexes fared on Friday

Stocks closed higher Friday, driving several of the major indexes to record highs. Retailers, banks and consumer goods companies accounted for much of the latest gains, which reversed modest losses from a day earlier. Energy stocks fell along with crude oil prices. Utilities also declined as bond...


Business

US stocks close higher as market sets latest record high

Financial Markets Wall Street

Investors shrugged off the potential for a federal government shutdown Friday, driving U.S. stocks higher and setting new milestones for several of the indexes. The Standard & Poor’s 500 index, Nasdaq composite and Russell 2000 index of smaller-company stocks finished at record highs as the market...


Business

Financial Markets Glance

Dow Jones Industrials High: 26,071.72 Low: 25,942.83 Close: 26,071.72 Change: +53.91 Other Indexes Standard&Poors 500 Index: 2810.30 +12.27 NYSE Index: 13,384.46 +68.55 Nasdaq Composite Index: 7336.38 +40.33 NYSE Amer Composite: 2701.02 +10.16 Russell 2000 Index: 1597.63 +20.90 Wilshire 5000...


Business

Don't let social media's trolls get you down

(c) 2018, Bloomberg. I began sharing my work online two decades ago as one of the early financial bloggers. I started on Yahoo Geocities in the 1990s, Typepad in 2003, and finally on Wordpress at my own domain in 2008. In those days, blogs had robust comment communities. They were a terrific source...


Business

Markets wrap: Stocks ignore shutdown talks, continue record run

(c) 2018, Bloomberg. (Bloomberg) -- U.S. stocks shrugged off the government shutdown drama in Washington and rose to all-time highs following a report that regulators are close to further easing banking rules. Treasury yields reached the highest level in more than three years. All major equity...


Business

Will millennials kill Costco and Sam's Club?

(c) 2018, The Washington Post. There’s a Costco to one side of Gwendolyn Hammer’s house and a Sam’s Club to the other. But when the 28-year-old needs 12-packs of paper towels, or 36 rolls of toilet paper, she heads online instead. Once a month she uses her smartphone to place a bulk order on Boxed....


Business

Overstock climbs on report that Kroger might be eyeing deal

(c) 2018, Bloomberg. Overstock.com gained as much as 4.5 percent on speculation that supermarket giant Kroger Co. might acquire the e-commerce company. The New York Post reported on Friday that the grocery chain may be eyeing a deal with Overstock, citing unidentified sources. Overstock Chief...


Business

Italy is drawing Samsung into Apple's battery battles

(c) 2018, The Washington Post. Italian officials said Thursday that they are investigating whether Apple and Samsung intentionally made their older products worse to sell new ones. This is the first time Samsung has faced this accusation. The investigation lends weight to a suspicion harbored by...


Business

Utah unemployment rate dips to 3.1 percent in December

SALT LAKE CITY (AP) — Utah’s unemployment rate remains at historic lows. The state Department of Workforce Services said Friday unemployment dropped one-tenth of a percent from November to a December rate of 3.1 percent. Meanwhile, Utah’s nonfarm payroll employment for December grew by an estimated...


Business

Super 8 cameras, BlackBerrys among retro gadgets made modern

(c) 2018, Bloomberg. Even as we flirt with “Jetsons"-style bathrooms hooked up to digital assistants, breakneck races of flying “cars” and ever-improving technology, one thing remains clear: Our nostalgic minds remain glued to the rear-view mirror. Kodak made that abundantly clear when it revealed...


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