Stocks up for 3rd day…US now world’s top oil producer…Feds open criminal probe of gas blast
NEW YORK (AP) – Stocks are higher in afternoon trading on Wall Street as major indexes extend a rebound into a third day. Technology and consumer-focused companies are making some of the biggest gains after they tumbled in October, which was the worst month for U.S. stocks in seven years. Strong third-quarter results helped stocks rally over the past two days.
UNDATED (AP) – The United States is pumping record amounts of oil, vaulting over Russia to become the world’s biggest producer of crude. The Energy Information Administration says the U.S. produced more than 11.3 million barrels a day in August, a 4 percent increase over the old record set in July. Russia’s energy ministry estimates that country pumped 11.2 million barrels a day in August. OPEC reports Saudi Arabia pumped 10.4 million barrels a day. It’s the first time since 1973 that the U.S. leads the world in oil production.
LAWRENCE, Mass. (AP) – Federal prosecutors are conducting a criminal investigation into the natural gas explosions and fires that rocked three communities north of Boston in September. The parent company of Columbia Gas of Massachusetts, NiSource, disclosed today that it is cooperating with a criminal investigation by U.S. Attorney for Massachusetts Andrew Lelling’s office. The Sept. 13 incident killed one person, injured 25 others and damaged or destroyed more than 130 structures.
WASHINGTON (AP) – The federal website where consumers can sign up for health insurance under the Affordable Care Act got off to a slow start on the first day of open enrollment. Early this morning, people accessing the site were directed to a screen that said work was underway. A recording at the HealthCare.gov call center conveyed a similar message. But by mid-morning things seemed to be running normally at HealthCare.gov. Open enrollment ends Dec. 15 for coverage starting Jan. 1.
NEW YORK (AP) – Amazon wants to get more kids thinking about become computer engineers. The company has launched a program called Amazon Future Engineer that aims to teach more than 10 million students a year how to code. Amazon will pay for summer camps, teacher training and other initiatives that it says will benefit low-income kids and young adults who might not have learned to code otherwise. Amazon declined to put a price tag on the program.