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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • Small businesses vulnerable to cyberattacks, then don’t act

    Small businesses suffered a barrage of computer invasions last year but most took no action to shore up their security afterward, according to a survey by insurer Hiscox. It found that 47 percent of small businesses reported that they had one attack in 2017, and 44 percent said they had two to four attacks. The […]
  • Global stock indexes decline as investors focus on trade

    NEW YORK (AP) — Global stock indexes are declining Monday as investors remain concerned about rising trade tensions between the U.S. and China. Among U.S. stocks, technology and health care companies and banks are taking some of the worst losses. Volkswagen is falling after German authorities detained the CEO of its Audi division as part […]
  • Builder optimism fades with potential trade war looming

    NEW YORK (AP) — The threat of a trade war with Canada has taken a toll on the confidence of U.S. homebuilders, according to index released Monday. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday fell two points to 68 in June. A reading of 70 in May temporarily snapped a […]
  • 3 money tasks you shouldn’t tackle on your own

    No one cares as much about your money as you do, but never asking for help can be dangerous — and expensive. In a previous column , I detailed the hazards of trying to do your own estate plan and how problems often aren’t apparent until it’s too late to fix them. The following financial […]
  • GM replaces 3 Cadillac sedans with 2, invests $175M in plant

    DETROIT (AP) — General Motors is getting rid of three Cadillac sedans and replacing them with two new ones over the next 3½ years. The company says it’s sinking $175 million into a Lansing, Michigan, factory to make replacements for the ATS compact, CTS midsize and XTS full-size cars. Automakers are starting to dump sedan […]
  • Rent-A-Center going private in $800 million sale

    NEW YORK (AP) — Rent-A-Center is being sold to a private equity firm for more than $800 million. The chain, which leases household goods on a rent-to-own basis, got a second offer from Vintage Capital Management for $15 per share, a 25 percent premium to the company’s closing price on Friday, and a dollar more […]
  • World stocks slide over trade tensions, German politics

    SINGAPORE (AP) — Global stocks dropped Monday on concerns over trade as the U.S. and China scheduled the start of tariffs on each other’s goods, and a row over migrants threatened the German government. Markets in China and Hong Kong were closed for a holiday. KEEPING SCORE: Germany’s DAX lost 1.3 percent to 12,839 and […]
  • Business Highlights

    ___ A trade war looms as Trump slaps tariffs on Chinese imports WASHINGTON (AP) — President Donald Trump brought the world’s two biggest economies to the brink of a trade war by announcing a 25 percent tariff on up to $50 billion in Chinese imports to take effect July 6. Beijing quickly responded that it […]
  • How major US stock indexes fared Friday

    U.S. stocks closed out a whirlwind week with a modest loss Friday as markets gauged how much to fret about the Trump administration’s decision to step up the trade dispute between the world’s two biggest economies. The White House announced tariffs on $50 billion of imports from China, and China’s almost-immediate response was a promise […]
  • Boeing, Adobe and Jabil drop while Canada Goose soars

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday: Boeing Co., down $4.54 to $357.88 Industrial company stock fell after the U.S. announced tariffs on $50 billion in Chinese imports and China vowed to retaliate. Canada Goose Holdings Inc., up $15.17 to $61.02 The coat maker’s stock extended its climb after its […]