Financial News

Ashe County Narcotics Bust
October 5, 2018
AP-NC Newswatch
October 5, 2018
Financial News

 

 

 

 

Shares fall…Healthy jobs forecast…China hacking

 

UNDATED (AP) – European and Asian markets were mostly lower on Friday as traders awaited the release of U.S. jobs data amid a swirl of fresh allegations against China. Futures point to a slightly lower Wall Street opening. Benchmark U.S. crude oil rose to just below $75 a barrel. The dollar slipped against the yen and gained against the euro.

 

WASHINGTON (AP) – Healthy consumer and business spending is fueling brisk economic growth, emboldening employers to post record numbers of openings and raising expectations for another positive snapshot of the U.S. job market. Economists have forecast that the government will report Friday that employers added a solid 184,000 jobs in September, according to the data provider FactSet, and that the unemployment rate dipped from 3.9 percent to 3.8 percent, matching an 18-year low.

 

HONG KONG (AP) – Chinese tech stocks Lenovo Group and ZTE Corp. tumbled in Hong Kong on Friday following a news report Chinese spies might have used chips supplied by another company to hack into U.S. computer systems. Lenovo shares closed down 15.1 percent while ZTE lost 11 percent. Bloomberg News cited unidentified U.S. officials as saying malicious chips were inserted into equipment supplied by Super Micro Computer Inc. to American companies and government agencies.

 

BERLIN (AP) – The International Atomic Energy Agency says it will test seawater, marine sediment and fish around Japan’s wrecked Fukushima nuclear plant this month. The Vienna-based agency said Friday that the tests aim to “support the quality assurance of radioactivity data collection and analysis by the Japanese laboratories.” IAEA experts will perform the tests Oct. 9-19. It will be the eighth time the agency has performed such tests since 2014.

 

TOKYO (AP) – Toyota Motor Corp. says it has issued a recall for 2.43 million hybrid vehicles in Japan and elsewhere for potential problems with stalling. The company said Friday that in rare cases the vehicles might fail to enter a “failsafe” driving mode, lose power and stall. Power steering and braking would still work but a stall at a fast speed could increase risks of a crash. The recall applies to some Toyota Prius and Auris hybrids made from October 2008-November 2014.

 

 

AP-WF-10-05-18 1035GMT