U.S. stocks are slipping Monday as energy companies sink along with the price of oil. Banks are rising along with interest rates, and Bank of America is climbing after a solid second-quarter report. Stocks finished at five-month highs last week as investors remained optimistic about the U.S. economy even as they worried about the trade war between the U.S. and China.
British Prime Minister Theresa May Monday accepted amendments to a customs bill put forward by Brexit hardliners who oppose her plan for a "common rule book" with the European Union after the country leaves the bloc.
The U.N. envoy for Libya is warning that a recent agreement to resume oil production in the conflict-torn country will not hold unless key issues concerning the distribution of wealth and "endemic plundering of resources" are speedily tackled.
Paul Wiseman, Associated Press | PostedJul 16th - 10:37am
The Trump administration on Tuesday brought cases against China, the European Union, Canada, Mexico and Turkey at the World Trade Organization for retaliating against American tariffs on imported steel and aluminum.
Ken Sweet, Associated Press | PostedJul 16th - 10:21am
Bank of America's second-quarter profits jumped 33 percent from a year earlier, the company said Monday, as like nearly all other big banks, it benefited greatly from the new tax law. The bank also benefited from the recent rise in interest rates, allowing it to charge more for customers to borrow.