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US wholesale stockpiles and sales break a losing streak

WASHINGTON (AP) — U.S. wholesale businesses increased their stockpiles and reported higher sales in March for the first time since September, the Commerce Department said Tuesday. Inventories held by wholesalers rose 0.1 in March from February. And sales rose 0.7 percent, the biggest monthly increase since April 2015. Rising oil prices played a role in snapping the losing streak in ...

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Global shares rise on China stimulus promise, oil stabilizes

TOKYO (AP) — Global stocks rose Tuesday after a promise of stimulus from China helped to counter pessimism over weak trade data from the country, while oil prices stabilized after sharp losses. KEEPING SCORE: France’s CAC 40 added 0.2 percent to 4,332 and Germany’s DAX also rose 0.3 percent to 10,013. Britain’s FTSE 100 gained 0.2 percent to 6,127. Dow ...

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US stocks jump on the prospect of new China stimulus

NEW YORK (AP) — U.S. stocks are rising Tuesday morning as energy companies trade higher with the price of oil. Energy prices are bouncing back from their losses a day earlier. Machinery makers are rising on the prospect of improved sales in China after the Chinese government moved to stimulate its economy. KEEPING SCORE: The Dow Jones industrial average jumped ...

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House mulling tax increases amid record $1.3B shortfall

Oklahoma

OKLAHOMA CITY (AP) — With just three weeks left in the legislative session, Republican House leaders this week acknowledged they will consider increased taxes on fuel, services, alcohol and cigarettes as potential options for closing a $1.3 billion hole in the state budget. House Speaker Jeff Hickman said those tax proposals, along with the elimination of tens of millions of ...

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US stocks are mixed as oil and metals prices slide

stocks

NEW YORK (AP) — U.S. stocks are little changed in midday trading Monday as the market comes off two weeks of losses. Drug companies are leading gains in the health care sector, but energy and materials companies are falling. The price of oil is down following a government shakeup in Saudi Arabia. Energy and metals prices are also falling because ...

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US stocks open slightly higher, led by health care stocks

us stocks

NEW YORK (AP) — U.S. stocks are starting the week slightly higher following two weeks of losses. Health care stocks are making the biggest gains. Weak economic reports from China are pushing the prices of fuels and precious metals lower. KEEPING SCORE: The Dow Jones industrial average gained 32 points, or 0.2 percent, to 17,772 as of 10:09 a.m. Eastern ...

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US employers added 160K jobs in April; jobless rate 5 pct.

WASHINGTON (AP) — U.S. employers pulled back on hiring in April, adding 160,000 jobs, the fewest in seven months, after a streak of robust monthly gains. The unemployment rate remained at a low 5 percent, roughly where it has been since fall. Last month’s hiring gain marked a drop from the average increase of 200,000 over the past three months. ...

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Stock market shakes off an early loss and turns higher

stock market

NEW YORK (AP) — The stock market turned modestly higher in afternoon trading Friday, after the U.S. government’s disappointing jobs report added to speculation that the Federal Reserve might keep interest rates low for another year. Investors were also weighing tepid U.S. earnings reports and persistent weakness in the global economy. TAKING SCORE: The Dow Jones industrial average rose 77 ...

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Stocks slip as jobs report shows hiring slowdown

NEW YORK (AP) — Stocks were slightly lower in early trading Friday after a report on the U.S. economy showed a significant slowdown in hiring last month, echoing weakness seen earlier in the week in Europe and Asia. TAKING SCORE: The Dow Jones industrial average lost 20 points, or 0.1 percent, to 17,640 as of 10:03 a.m. Eastern. The Standard ...

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US attorney: 2 Belarusians stole $1.35M from drilling company

drilling company

PITTSBURGH (AP) — Federal authorities in Pittsburgh say two men have been charged by authorities in Belarus with receiving $1.35 million stolen in a phishing scheme from the bank account of a Pennsylvania oil and gas drilling company. U.S. Attorney David Hickton says 34-year-old Aleskey Yaroshevich and 41-year-old Egor Pavlenko are in police custody in their hometown of Minsk. Hickton’s office ...

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