Financial News

Kristopher Micheal Greer
July 5, 2019
AP-NC Newswatch
July 8, 2019
Financial News





Global stocks tumble…Wealthy financier to appear in court on sex-trafficking charges…Poll: 1 in 4 don’t plan to retire


BEIJING (AP) – Global stocks tumbled today after unexpectedly strong U.S. employment data tempered hopes the Federal Reserve might cut interest rates. Benchmarks in London, Frankfurt, Tokyo and Shanghai all declined. In early trading, Frankfurt’s DAX index lost 0.2% and London’s FTSE 100 was off less than 0.1%. France’s CAC 40 declined 0.1%. Wall Street is expected to open lower with S&P and Dow futures each off 0.2%.


NEW YORK – Wealthy financier Jeffrey Epstein is scheduled to make his first court appearance Monday in New York City on sex-trafficking charges involving allegations dating to the early 2000s. The 66-year-old hedge fund manager is accused of paying underage girls for massages and molesting them at his homes in Florida and New York. The case comes eleven years after Epstein was let off lightly with a once-secret plea deal in an underage prostitution case.


NEW YORK (AP) – A federal grand jury in New York is investigating whether top Republican fundraiser Elliott Broidy used his position as vice chair of President Donald Trump’s inaugural committee to drum up business deals with foreign leaders. A wide-ranging subpoena the U.S. Attorney’s Office in Brooklyn recently sent to Trump’s inaugural committee requests records relating to 20 individuals and businesses. All have connections to Broidy, his investment and defense contracting firms, and foreign officials he pursued deals with.


GILLETTE, Wyo. (AP) – Wyoming coal workers who were locked out of their jobs after a company filed for bankruptcy protection are wondering whether they’ll ever be called back to work. The West Virginia-based Blackjewel LLC has 580 employees at two open-pit mines in northeastern Wyoming, Eagle Butte and Belle Ayr. The Gillette News-Record reported Sunday that about 1,700 workers were locked out nationwide after the company filed for Chapter 11 bankruptcy protection on July 1.


CHICAGO (AP) – Nearly one-quarter of Americans who answered a recent survey say they never plan to retire. The poll by The Associated Press and the NORC Center for Public Affairs Research says 23% of workers, including nearly 2 in 10 of those over 50, don’t expect to stop working. Roughly another quarter of Americans say they will continue working beyond their 65th birthday. Experts say illness, injury, layoffs and caregiving responsibilities often force older workers to leave their jobs sooner than they’d like.



AP-WF-07-08-19 1035GMT