World markets higher … Crude rises … Target drive-up
BEIJING (AP) – Global stock markets followed Wall Street higher Wednesday despite a Chinese tariff hike on U.S. sorghum in a swelling trade dispute with Washington. On Wall Street, futures for the Dow Jones industrial average and Standard & Poor’s 500 index gained 0.1 percentage
NEW YORK (AP) – Benchmark U.S. crude added 66 cents to $67.18 per barrel in electronic trading on the New York Mercantile Exchange. The contract gained 30 cents on Tuesday to settle at $66.52 per barrel. Brent crude rose 61 cents to $72.19 per barrel in London. The dollar gained to 107.28 yen from Tuesday’s 107.00 yen.
PHILADELPHIA (AP) – The NTSB says a preliminary examination of the blown jet engine of a Southwest Airlines plane showed evidence of “metal fatigue.” A businesswoman who was sucked halfway out a shattered window was pulled back inside by fellow passengers, but she later died.
BRUSSELS (AP) – Europe’s top trade official says that new U.S. steel and aluminum tariffs are distorting global trade and could damage hopes for economic growth. EU trade commisioner Cecilia Malmstrom also said the bloc would not offer any concessions in order to be exempt from the U.S. import duties ahead of a May 1 deadline in talks.
MIAMI (AP) – Target stores in Florida and Texas are now offering drive-up service. The retail chain says customers can buy items without leaving their car. The service began last fall in Minneapolis, where the company is headquartered. Target hopes to expand the service to nearly 1,000 stores across the U.S. by the end of the year.