Financial News

Alyssa Marie Howell
July 18, 2018
AP-NC Newswatch
July 18, 2018
Financial News




Wall Street expected to open higher … MGM Resorts sues Las Vegas shooting victims … Elon Musk apologizes to diver in Thailand


(Eds: Resending for those needing.)
UNDATED (AP) – World markets are mostly higher today, spurred by the Fed’s positive assessment of the U.S. economy and signs that industrial production is steady. Germany’s DAX added 0.8 percent and the CAC 40 in France gained 0.5 percent. The FTSE 100 index was 0.5 percent higher. Japan’s Nikkei and South Korea’s Kospi closed higher, but Hong Kong’s Hang Seng closed down. Wall Street is expected to open higher with Dow and S&P futures up around 0.1 percent.


LAS VEGAS (AP) – An attorney representing victims of the Las Vegas mass shooting in October says “It’s outrageous” that the owners of the hotel from which the gunman fired, is now suing the victims. MGM Resorts International has filed suit against people wounded and families of those killed in an effort to avoid liability for massacre. Stephen Paddock killed 58 people and injured hundreds more when he fired from his hotel room in the Mandalay Bay casino-resort.


UNDATED (AP) – Elon Musk has apologized for calling a British diver involved in the Thailand cave rescue a pedophile. In a series of tweets late Tuesday, the Tesla CEO said he had “spoken in anger” on Sunday after diver Vern Unsworth accused Musk and SpaceX engineers of orchestrating a “PR stunt” by sending a small submarine to help divers rescue the 12 Thai soccer players and their coach from a flooded cave. Musk says Unsworth’s criticism upset him but he should not have branded the diver a “pedo.”


FRANKFURT, Germany (AP) – New research published by the European Central Bank pushes back against criticism leveled at its 2.4 trillion euro ($2.8 trillion) stimulus program, indicating it did not increase inequality and helped boost poorer households’ income by putting people back to work. There’ve been counter accusations, especially from German politicians and news media, that the stimulus program hurt savers by depressing returns and benefited financially wobbly southern European governments such as Italy’s through lower borrowing costs.


BERLIN (AP) – Germany’s highest court has rejected complaints against a fee paid by all households to finance the country’s public broadcasters. Each house hold pays 17.50 euros (about $20.50) per month, whether there is a TV or radio in the household. But the judge has ruled that people who have more than one home only have to pay once.



AP-WF-07-18-18 1157GMT