Financial News

Wednesday, March 27th
March 26, 2019
AP-NC Newswatch
March 26, 2019
Financial News

 

 

 

 

 

Stocks broadly higher…Home Construction down…Home prices slowed

 

 

NEW YORK (AP) – Stocks opened broadly higher on Wall Street as technology companies and banks notched solid gains. Apple climbed after announcing a suite of new services that run on its devices. Bed Bath & Beyond soared in heavy trading after reports of the troubled retailer is being targeted by three activist investors.

 

WASHINGTON (AP) – Home construction tumbled 8.7 percent in February, the weakest pace of single-family housing starts in nearly 2 years. The setback stems from steep drop in the building of single-family houses. Meanwhile, apartment construction saw an increase in February.

 

WASHINGTON (AP) – Home prices rose at their slowest pace in more than six years in January. The slowdown in price appreciation, combined with new lower rates for mortgages has helped make homes more affordable, starting to reverse last year’s sales slump.

 

TULSA, Okla. (AP) – Oklahoma’s attorney general says he will announce a settlement with Purdue Pharma in the state’s lawsuit against the nation’s leading manufacturers of opioid pain medications. Oklahoma sued 13 opioid manufacturers in 2017, alleging they fraudulently engaged in marketing campaigns that led to thousands of overdose addictions and deaths.

 

WASHINGTON (AP) – The Office of Government Ethics is refusing to certify one of former EPA Chief Scott Pruitt’s final financial disclosure reports, citing the cut-rate $50-a-night deal he had for a luxury Washington condo. The Ethics office says authorities never resolved whether Pruitt’s condo deal with a lobbyist’s wife was a proper business arrangement, or an improper gift from a lobbyist who did business with the EPA.

 

 

AP-WF-03-26-19 1433GMT