Financial News

Monday, January 13th
January 10, 2020
AP-NC Newswatch
January 13, 2020
Financial News




Global markets rise … China’s auto sales fall … Family says Amazon delivered dirty diapers


BEIJING (AP) – Global stock markets rose today ahead of the signing of an interim U.S.-Chinese trade pact as investors shrugged off weaker-than-expected American jobs data. London’s FTSE 100 opened 0.6% higher and Frankfurt’s DAX gained just under 0.1%. France’s CAC 40 added 0.3%. In Asia, the Shanghai Composite Index gained 0.7% and Hong Kong’s Hang Seng rose 1.1%. Seoul’s Kospi advanced 1%. Wall Street is expected to open higher, with Dow and S&P futures both up 0.4%.


UNDATED (AP) – A former Pennsylvania stockbroker faces trial today in Scranton on criminal fraud charges. Anthony Diaz was fired by five brokerages and resigned from another amid persistent customer complaints and rules infractions. Yet he kept investing other people’s money until Wall Street’s self-regulator had seen enough and permanently barred him in 2015. Diaz was ordered to pay millions of dollars in damages to customers he allegedly fleeced. Some clients say they lost their life savings because of Diaz.


BEIJING (AP) – China’s auto sales fell for a second year in 2019 as a trade war with Washington and an economic slowdown fueled consumer anxiety and demand for electric vehicles weakened. The China Association of Automobile Manufacturers says sales in the industry’s biggest global market declined 9.6% from 2018 levels to 21.4 million sedans, SUVs and minivans. The downturn is squeezing global and Chinese automakers at a time when they are spending billions of dollars to meet government targets to sell electric vehicles.


CAMARILLO, Calif. (AP) – The average U.S. price of regular-grade gasoline has jumped 4 cents per gallon to $2.64 over the past three weeks. Industry analyst Trilby Lundberg of the Lundberg Survey says gas prices are unlikely to continue to increase because crude oil costs have dropped. The price at the pump is 33 cents higher than it was a year ago. áThe highest average price in the nation for regular-grade gas is $3.58 per gallon in Honolulu. The lowest average is $2.21 in Houston. The average price of diesel is $3.08, up two cents.


JERSEY CITY, N.J. (AP) – An Amazon spokesperson says the company has worked with a New Jersey family that says it received soiled diapers from Amazon’s delivery service. Nassly Sales told WPIX-TV that when she opened her Amazon package, she was shocked to see the diapers covered in what appeared to be fecal matter. Sales says she purchases diapers for her two daughters each month from the Amazon Warehouse section which sells returned items at a discounted rate.



AP-WF-01-13-20 1141GMT