Financial News

Friday, September 13th
September 12, 2019
Rep. Russell statement on budget veto override vote
September 12, 2019
Financial News

 

 

 

 

US stocks rising … More than 100 CEOs step into gun debate … Facebook wants to serve news deserts

 

NEW YORK (AP) — Stocks are rising early on Wall Street today on further signs of easing tensions in the U.S.-China trade war. President Donald Trump late Wednesday decided to delay a planned Oct. 1 tariff hike on Chinese imports. At 10:29 a.m. Eastern Time, the S&P 500 gained 15 points to 3,016. The Dow rose 121 points, to 27,258. The Nasdaq was up 64 points, to 8,234. Bond prices rose.

 

UNDATED (AP) _ The CEOs of more than 100 companies are stepping into the nation’s gun debate, imploring Congress to expand background checks and enact a strong “red flag” law. In a letter sent to the Senate today, CEOs from businesses including Airbnb, Twitter and Uber asked Congress to pass a bill to require background checks on all gun sales and a strong red flag law that would allow courts to issue life-saving extreme risk protection orders.

 

LAKELAND, Fla. (AP) — If you’re carrying a gun, Publix Supermarkets doesn’t want to see it. The company announced the move by email in a one-sentence statement on Wednesday, saying “Publix respectfully requests that only law enforcement officials openly carry firearms in our stores.” Publix, based in Lakeland, Florida, has 1,226 stores in Florida, Georgia, Alabama, South Carolina, North Carolina, Tennessee and Virginia. Last week competing Kroger grocery chain joined Walmart, Target, and other companies in asking customers not to openly carry weapons in their stores.

 

WASHINGTON (AP) — Consumer prices slowed in August, rising by a slight 0.1%, reflecting a big drop in the cost of gasoline and other energy products. The Labor Department says the tiny increase in its consumer price index followed a much bigger 0.3% rise in July which had been driven by a jump in energy prices. With energy costs falling in August for a third month out of the past four, the overall price increase slowed leaving consumer prices rising a modest 1.7% over the past year.

 

SAN FRANCISCO (AP) — Facebook is trying to coax “news deserts” into bloom with the expansion of a tool that provides people with local news and information, but says it still has a lot to learn. The social media giant says it is expanding its “Today In” service to 6,000 cities and towns across the U.S., up from 400 previously. Launched in early 2018, the service shows people local news and information, including missing-person alerts, road closures, crime reports and school announcements.