Articles by: Rexford Register Staff Writer

Market Snapshot: U.S. stocks lower as fresh data reinforce global-slowdown trend

Market Snapshot: U.S. stocks lower as fresh data reinforce global-slowdown trend

U.S. stocks closed mixed, but largely unchanged Monday after investors weighed downbeat data on eurozone manufacturing activity with news that Chinese officials played down the significance of last week’s cancellation of visits to U.S. farm states. How did markets perform? The S&P 500 index fell less than point to close at 2,991.77, while the Dow Jones Industrial Average  added 14.92 […]

by × September 24, 2019 ×
IHS Markit data show U.S. economy stabilizing in September

IHS Markit data show U.S. economy stabilizing in September

American manufacturers are growing at the softest pace in several years amid a U.S.-China trade rift that’s contributed to a slowdown in the global economy. The numbers: The economy appeared to stabilize in September after a bout of trade-related weakness toward the end of the summer, a new survey shows, but the U.S. isn’t growing as fast it was earlier […]

by × September 24, 2019 ×
Apple to continue making Mac Pro in U.S., aided by tariff exclusion for parts

Apple to continue making Mac Pro in U.S., aided by tariff exclusion for parts

Apple Inc. said Monday that it will continue to make its new Mac Pro computer in Austin, Texas, reversing earlier reported plans to move production overseas, after from tariffs for certain "necessary" components. The Mac Pro has been made in Austin since 2013, but T that Apple was shifting production to China. "We thank the [Trump] administration for their support […]

by × September 24, 2019 ×
Dow industrials edge higher as S&P 500, Nasdaq finish little changed

Dow industrials edge higher as S&P 500, Nasdaq finish little changed

U.S. stocks finished virtually unchanged Monday, with even meager gains fading in the final minutes of trade, amid downbeat data out of Europe that underlined worries about global economic growth. Traders also kept an eye on U.S.-China trade talks and tensions surrounding Iran. The Dow Jones Industrial Average inched 15 points, or less than 0.1%, higher to close at 26,950. […]

by × September 24, 2019 ×
Fed rate cuts are a mistake: Oaktree chairman

Fed rate cuts are a mistake: Oaktree chairman

We’re going to hear from a busy lineup of Federal Reserve officials on Friday, and they may shed more light on why the bank was so divided on this week’s interest rate cut. Our call of the day, from Oaktree Capital’s billionaire co-chairman Howard Marks, also weighs in on the Fed as he says the economy doesn’t really need the […]

by × September 23, 2019 ×