Financial News

Tuesday, April 24th
April 23, 2018
AP-NC Newswatch
April 23, 2018
Financial News

 

 

 

 

US stocks mixed … Existing home sales up in March … Free Harley for interns

 

NEW YORK (AP) – U.S. stocks are mixed today as health care and industrial companies make gains and energy companies slip with oil prices. Bond prices continue to fall and the yield on the 10-year Treasury note is getting close to 3 percent, a milestone it hasn’t reached since January 2014. At 10:18 a.m. Eastern Time, the Dow was down 3 points to 24,460. The S&P 500 was up 3 points, to 2,673. And the Nasdaq was up 8 points, to 7,154.

 

WASHINGTON (AP) – U.S. sales of existing homes increased 1.1 percent on a monthly basis in March. This suggests that buyers are undeterred by the dwindling number of properties available on the market. The National Association of Realtors says that homes sold last month at a seasonally adjusted annual pace of 5.60 million, up from 5.54 million in February. This sales rate is higher than the 2017 total, but March sales were down slightly over the past 12 months.

 

NEW YORK (AP) -Sears’ biggest shareholder, Eddie Lampert’s hedge fund, is asking the struggling retailer to sell the Kenmore brand and the chain’s home improvement business. The private equity firm ESL Investments says that it might buy the assets if the company is willing to sell. That news sent shares of Sears Holding Corp. jumping 8 percent at the opening bell this morning. Sears has confirmed receipt of the request.

 

BRUSSELS (AP) – The EU’s trade chief says that German Chancellor Angela Merkel and French President Emmanuel Macron will press President Donald Trump this week to exempt the 28-member bloc permanently from U.S. steel and aluminum tariffs. Trade Commissioner Cecilia Malmstrom says the EU will be ready to hit back with measures of its own as of next month if the punitive tariffs are imposed. Macron arrives in Washington on Monday while Merkel travels on Thursday.

 

MILWAUKEE (AP) – Harley-Davidson is offering free motorcycles for anyone at least 18 years old who joins its summer internship program. Eight college students or recent graduates will have the enviable task of being paid to ride a Harley and share their adventures on social media. And the best part? They’ll keep their bikes at the end of the 12-week internship. Harley-Davidson says it’s looking for those that have the ability to create content on the fly, are creative and have the talent to take great photos and fun videos.

 

 

AP-WF-04-23-18 1436GMT