Financial News

Monday, April 1st
March 29, 2019
AP-NC Newswatch
March 29, 2019
Financial News

 

 

 

 

 

Stocks climb…Brexit in flux…Report: Anti-stall system was on before Ethiopian crash

 

 

NEW YORK (AP) – Stocks are climbing in afternoon trading as Wall Street closes out a blockbuster first quarter. The benchmark S&P 500 index is on track to end the January-March quarter with its best gain in nearly 10 years. Lyft made its stock market debut shortly before midday at $87.24 per share, up 21 percent from the ride-hailing company’s offering price of $72.

 

LONDON (AP) – British lawmakers have rejected the government’s divorce agreement with the European Union for a third time. The House of Commons voted 286-344 today against the withdrawal agreement struck between Prime Minister Theresa May and the EU. That leaves Britain just two weeks to decide between a long delay to Brexit and an abrupt no-deal departure from the bloc. The EU said the rejection of the divorce terms made a no-deal Brexit “a likely scenario” and called an emergency summit for April 10 to decide what to do next.

 

UNDATED (AP) – A published report says investigators have determined that an anti-stall system automatically activated before an Ethiopian Airlines Boeing 737 Max jet plunged into the ground. The Wall Street Journal, citing unidentified people briefed on the investigation, says the preliminary conclusion was based on information from the aircraft’s data and voice recorders. The data showed that the malfunctioning automated system may be responsible for the deadly March 10 crash. It also is a strong link to the fatal crash of an Indonesian Lion Air Max jet, which had similar problems in October.

 

WASHINGTON (AP) – President Donald Trump’s administration says it disagrees with a federal judge’s ruling that a new type of health insurance plan for small businesses stretches federal law and must be set aside. A Justice Department spokeswoman says the administration is “considering all available options.” U.S. District Judge John D. Bates ruled yesterday a regulation creating the new small-business plans was “clearly an end-run” around the Obama-era Affordable Care Act, and runs counter to longstanding federal laws that govern workplace benefits.

 

PROVIDENCE, R.I. (AP) – The Rhode Island lottery says the state’s casinos lost nearly $900,000 on sports betting in February after winning bets for the Super Bowl and other professional sports were paid out. That leaves Rhode Island with about $150,000 in revenue from sports betting since the late November launch. The state had projected it would get $11.5 million from the new market this fiscal year.

 

 

AP-WF-03-29-19 1834GMT