Energy stocks help boost market…More proof of strong job market…Private company shoots for the moon
NEW YORK (AP) – Energy and industrial companies are leading stocks higher in early trading on Wall Street following three straight days of gains for the market. Exxon Mobil and Boeing each rose 1.2 percent in early trading. Energy companies benefited from a 1 percent increase in the price of crude oil. PepsiCo rose 2 percent after its earnings came in ahead of analysts’ expectations, even as its beverage sales continued to struggle.
WASHINGTON (AP) – Businesses advertised fewer jobs in May than the previous month, but the tally of open positions outnumbered the ranks of the unemployed for only the second time in the past two decades. The Labor Department also says the proportion of workers quitting their jobs reached the highest level since April 2001. Quits are seen as a positive sign that workers are confident they can find another job. The figures reflect a strong job market driven by optimistic employers seeking to expand their workforces.
UNDATED (AP) – Southwest Airlines will stop giving away peanuts on flights next month, ending a tradition that goes back decades. The airline said today it was pulling peanuts from all flights because of concern for passengers with peanut allergies. They will be replaced by pretzels and, on some longer flights, other free snacks.
YEHUD, Israel (AP) – An Israeli company says it will soon attempt to become the first private entity to land a spacecraft on the moon. SpaceIL and Israel Aerospace Industries plan to launch their unmanned module in December. If it succeeds, Israel will become the fourth country to land on the moon, after the U.S., the Soviet Union and China.
HAVANA (AP) – The Cuban government will allow new restaurants, bed-and-breakfasts and transportation businesses by the end of the year, reopening the most vibrant sectors of the private economy after freezing growth for more than a year. The government is unveiling a set of new regulations meant to control the growth of tourism-related private businesses and collect more tax revenue from them.