Financial News

Monday, January 28th
January 25, 2019
AP-NC Newswatch
January 25, 2019
Financial News

 

 

 

 

Stocks rise…Staffing issues causing flight delays…Bloomberg blasts Trump over shutdown

 

 

NEW YORK (AP) – Stocks are solidly higher in morning trading on Wall Street after several companies reported solid earnings and upbeat forecasts. Technology companies and consumer-focused companies were leading the gains. Optimism over economic growth is boosting industrial and energy companies, along with makers of basic materials.

 

NEW YORK (AP) – The Federal Aviation Administration is reporting delays in air travel because of a “slight increase in sick leave” at two East Coast air traffic control facilities. The staffing problems were reported at air traffic centers in Jacksonville, Florida and a Washington, D.C. center that controls high-altitude air traffic over seven states. LaGuardia Airport in New York and Newark Liberty International Airport in New Jersey were both experiencing delays in takeoffs. FAA spokesman Gregory Martin says it has augmented staffing, rerouted traffic and increased spacing between planes as needed.

 

McLEAN, Va. (AP) – New York billionaire Michael Bloomberg is calling President Donald Trump “reckless” and “dangerous,” and says the partial government shutdown is “a complete failure of presidential leadership.” Bloomberg – a potential Democratic candidate for the White House in 2020 – is a former Republican mayor of New York City who registered as a Democrat only last fall.

 

DAVOS, Switzerland (AP) – The head of Japan’s central bank has told the World Economic Forum that aging populations threaten to slow economic growth in advanced economies and destabilize the banking system. But the Bank of Japan governor says there are benefits, too: Faced with labor shortages as workers age and retire, employers are increasingly willing to hire women and to invest in labor-saving technology.

 

LONDON (AP) – Queen Elizabeth II is urging people to seek “common ground,” in remarks being seen as a veiled reference to the toxic debate surrounding Britain’s departure from the European Union. British lawmakers last week threw out the divorce deal Prime Minister Theresa May had struck with the EU, and attempts to find a replacement have been gridlocked.

 

 

AP-WF-01-25-19 1551GMT