Stocks mostly higher…Airline shares gain…Free credit freeze
NEW YORK (AP) – Major U.S. stock indexes have been mostly higher in afternoon trading, on track to extend gains from a day earlier when the market climbed to all-time highs. Gains in health care and industrial companies outweighed losses in banks and technology stocks. Energy companies rose along with the price of U.S. crude oil.
NEW YORK (AP) – Several airlines are gaining today on Wall Street, part of a broad pickup in industrial sector stocks. American Airlines Group climbed 4.1 percent after the company said it will raise fees for checked bags. The move came a day after Delta Air Lines announced its own plans to raise baggage fees.
WASHINGTON (AP) – The trade dispute between the U.S. and China is set to escalate Monday. That’s’ when an additional 10 percent tax on $200 billion of Chinese imports kicks in. The tariffs will rise to 25 percent on Jan 1. Beijing has said it would retaliate by imposing tariffs of 5 or 10 percent on $60 billion of U.S. goods including coffee, honey and industrial chemicals.
UNDATED (AP) – Consumers can now freeze their credit for free under a new federal law. A credit freeze restricts access to your credit file, essentially halting anyone from opening any new credit in your name. The rules used to vary by state, but previously it could cost up to $10 to put a freeze in place. That fee often had to be paid again when someone wanted to unfreeze it for any legitimate uses. But under a new law that takes effect today, consumers anywhere in the U.S. can do so quickly and for free. Congress passed the law in response to last year’s massive Equifax hack.
LONDON (AP) – EU Council President Donald Tusk says he remains convinced that a Brexit compromise that is “good for all, is still possible.” His comments come a day after a clear lack of progress at an EU leaders summit in the Austrian city of Salzburg and hours after Prime Minister Theresa May rebuked the EU for damning her Brexit proposals. The Brexit talks, she said, have hit at an “impasse.”