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NEW YORK (AP) — Investors are concerned about a slowing Chinese economy and are uncertain about the outlook for interest rates. A mixed August jobs report isn't helping. Those factors are keeping the stock market volatile. The Dow dropped 272 points, or 1.7 percent, yesterday. The S&P 500 fell nearly 30 points, or 1.5 percent. And the Nasdaq lost more than 49 points, or 1.1 percent.
NEW YORK (AP) — The price of oil is down. It fell yesterday along with stocks. Benchmark U.S. crude declined 70 cents to close at $46.05 a barrel in New York on Friday. Brent Crude, a benchmark for international oils used by many U.S. refineries, fell $1.07 to close at $49.61 a barrel in London.
COLUMBUS, Ky. (AP) — The Coast Guard says a 17-mile stretch of the Mississippi River that flows through Kentucky has reopened with restrictions. Vessels can only travel one way in a 12-hour period. The section of river was closed to traffic after a collision Wednesday between two tow boats that spilled more than 120,000 gallons of oil into the waterway.
NORTH PLAINS, Ore. (AP) — Oregon's first black winemaker is making a documentary film to give more visibility to the increasing number African-American, Latino, Asian and gay vintners. Portland's Bertony Faustin hopes to debunk myths and stereotypes about the wine industry, especially the stereotypical image of white, rich people drinking and pursuing wine-related jobs.
PEMBROKE PINES, Fla. (AP) —Arby's says a store manager has been fired and a drive-thru worker has been put on paid leave at a South Florida restaurant after being accused of refusing to serve a police officer. In a statement, Arby's CEO Paul Brown explains that the incident in Pembroke Pines seems to have resulted from a bad joke. The company has apologized to the police.
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