Kent Covington
Associated Press/Photo by Richard Drew

Market wavers on road to recovery

by Kent Covington & Kiley Crossland
Posted 10/17/18, 02:43 pm

U.S. stocks are tentatively recovering from a dip last week. The markets rocketed to their biggest gain in six months Tuesday following a six-day losing streak but seesawed throughout the day Wednesday. Good news on the U.S. economy fueled Tuesday’s rebound. The U.S. Department of Labor said employers posted the most jobs in two decades in August, while hiring continued to increase. Unemployment continued a steady drop. Strong earnings from healthcare and tech companies also helped.

Read more

Associated Press/Photo by Evan Vucci

Trump visits Florida to see hurricane damage

by Kent Covington
Posted 10/15/18, 12:28 pm

President Donald Trump is touring storm-ravaged areas of Florida and Georgia today as both states come to grips with the devastation from Hurricane Michael. “Just arrived in Florida,” Trump tweeted midmorning. “Also thinking about our GREAT Alabama farmers and our many friends in North and South Carolina today. We are with you!”

Read more

Associated Press/Photo by Richard Drew

Stock market recovering from rough week

by Kent Covington
Posted 10/12/18, 12:02 pm

World stock markets perked up a little Friday morning after heavy losses this week. Major U.S. stock indexes were up more than 1 percent but were still on track for their biggest one-week loss since late March. Fears over rising inflation and especially interest rates appeared to be the main drivers of the market plunge. Valeur Capital portfolio manager Nicola Marinelli said the heated trade war between the United States and China might also be contributing. “Some sectors are starting to suffer in their balance sheet,” Marinelli said.

Read more