Financial News

Wednesday, August 29th
August 28, 2018
AP-NC Newswatch
August 28, 2018
Financial News

 

 

 

Stocks gain…Confidence highest in years…Home prices climb

 

NEW YORK (AP) – Stocks are rising after setting records over the past few days. Technology companies, which have led the market for more than a year, continue to rise. Retailers including DSW and Tiffany are climbing after strong quarterly reports.

 

WASHINGTON (AP) – Americans’ consumer confidence rose in August to the highest level in nearly 18 years as their assessment of current conditions improved further and their expectations about the future rebounded. The Conference Board says its consumer confidence index rose to 133.4 in August, up from a reading 127.9 in July. It was the highest reading since confidence stood at 135.8 in October 2000.

 

WASHINGTON (AP) – U.S home prices climbed 6.3 percent in June from a year earlier, as affordability is becoming a greater obstacle for would-be buyers. The S&P CoreLogic Case-Shiller 20-city home price index rose at a slightly slower pace than the 6.5 percent annual gain in May from a year earlier. But home values are increasing at more than double the pace of average wage growth, weighing down property sales despite the robust job growth.

 

WASHINGTON (AP) – President Donald Trump is promising to address what he says is the “very serious situation” of social media companies “suppressing” conservative voices and “hiding information” and good news. Trump has made similar complaints recently, but he targeted Google today.

 

CHICAGO (AP) – A Chicago federal judge has tossed a proposed class-action lawsuit alleging Southwest Airlines violated the law by requiring that certain employees use fingerprints to sign into and out of work. The Chicago Daily Law Bulletin reports that Judge Marvin Aspen concluded a courtroom wasn’t the proper venue to resolve what he deemed a relatively minor dispute between unionized workers and a company with a collective bargaining agreement.

 

 

AP-WF-08-28-18 1529GMT