LOS ANGELES (AP) — It pays less and less to buy and flip a home these days. From April through June, the typical home flipped by an investor resulted in a 25.1% return on investment, before expenses. That’s the lowest profit margin for such transactions since 2008, according to an ...
(AP) — Federal health officials are warning consumers not to eat certain heat-and-eat beef meatball pasta meals sold at Walmart stores because they may be contaminated with listeria bacteria previously linked to a deadly outbreak. The U.S. Agriculture Department issued a public health alert late Thursday for Marketside Linguine with Beef Meatballs & Marinara Sauce sold in refrigerated 12-ounce clear plastic trays. The products have best-by dates of Sept. 22 through Oct. 1 and may still be in consumers’ refrigerators. The affected meals contain the establishment numbers “EST. ...
NEW YORK (AP) — Wall Street stumbled to a third straight loss on Thursday as U.S. stocks gave back more of their big gains for the year so far. The S&P 500 fell 0.5% and marked its longest losing streak in more than a month. The Dow Jones Industrial Average dropped 173 points, or 0.4%, and the Nasdaq composite sank 0.5%. All three indexes are still near their records set at the start of the week, though. Stocks felt pressure from reports showing the U.S. economy may be stronger than economists thought. While that’s encouraging news for workers and for people looking for jobs, it ...
NEW YORK (AP) — U.S. stock indexes drifted lower on Wednesday as a seemingly relentless rally on Wall Street takes at least a pause. The S&P 500 slipped 0.3% for a second straight, modest loss. The Dow Jones Industrial Average dropped 171 points, or 0.4%, and the Nasdaq composite fell 0.4%. All three are still near their all-time highs, which were set on Monday. It’s a slowdown following the U.S. stock market’s blistering run since hitting a low in April, fueled by hopes that President Donald Trump’s tariffs won’t derail global trade and that the Federal Reserve will cut ...
NEW YORK (AP) — U.S. stock indexes are slipping on Tuesday as Wall Street takes a moment following a relentless rally. The S&P 500 fell 0.6%. The Dow Jones Industrial Average was down 89 points, or 0.2%, as of 2:39 p.m. Eastern time, and the Nasdaq composite was 1% lower. It’s a breather for the indexes, which all set their latest all-time highs on Monday. After surging from a bottom in April, the broad U.S. stock market is facing criticism that it’s shot too high, too fast and become too expensive. Even the head of the Federal Reserve, Jerome Powell, said on Tuesday that stock ...
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Tuesday signaled a cautious approach to future interest rate cuts, in sharp contrast with other Fed officials this week who have called for a more urgent approach. In remarks in Providence, Rhode Island, Powell noted that there are risks to both of the Fed’s goals of seeking maximum employment and stable prices. But with the unemployment rate rising, he noted, the Fed agreed to cut its key rate last week. Yet he did not signal any further cuts on the horizon. If the Fed were to cut rates “too aggressively,” Powell said, ...
