Surge in options trading helps drive gains on Wall Street

LOS ANGELES (AP) — Stock options trading is up sharply this year, fueled by investor optimism for more gains on Wall Street. Options are contracts that give investors the right, tho...

Wall Street’s 3-day skid a reality check for runaway market

Wall Street’s summer-long party fueled by investors’ appetite for some of the world’s best-known technology companies has come to an abrupt, if not entirely unexpected, halt. The sh...

Betting on European stocks as the global economy reopens

LOS ANGELES (AP) — Much of Europe remains off limits to American tourists because of the pandemic, but the region is looking like an attractive destination for stock investors. While...

US WeChat users sue Trump over order banning messaging app

LOS ANGELES (AP) — Some U.S.-based users of WeChat are suing President Donald Trump in a bid to block an executive order that they say would effectively bar access in the U.S. to the hugely popular Ch...

Cratering economy offsets Wall St. gains in 2020 campaign

LOS ANGELES (AP) — President Donald Trump has often cited the stock market's gains as a barometer for his administration's success. And if history is a guide, Wall Street's fortunes in the next few mo...

Home loan refinancing surges as mortgage rates hit new lows

LOS ANGELES (AP) — U.S. homeowners are seizing on the lowest average mortgage rates on record to refinance their mortgages. Americans refinanced nearly 2 million home loans from Janu...

Homebuilders climb even as housing outlook remains cloudy

LOS ANGELES (AP) — The U.S. economy and housing market had set homebuilders up for a strong 2020. That was before the efforts to stem the spread of the coronavirus pandemic knocked t...

NYSE to partially reopen trading floor after Memorial Day

The New York Stock Exchange will partially reopen its normally crowded trading floor later this month after closing it in late March due to the coronavirus. Stacey Cunningham, presi...

Buying the plunge: Individual investors remain optimistic

LOS ANGELES (AP) — The lure of snapping up stocks at bargain prices has been too strong to pass up for many people, even as uncertainty over the coronavirus pandemic clouds the market and global econo...

Visa 2Q profits up 3.6%, helped by more spending on network

Visa said Thursday that its fiscal second-quarter profits increased 3.6% from a year earlier, helped by growth in payments being processed over the company's namesake network. The Sa...

Commodities ripe for a rebound

LOS ANGELES (AP) — The near shutdown of the economy in response to COVID-19 has reduced demand for commodities like oil, lumber and copper and triggered sharp drops in their prices, but some analysts ...

High Times owner to acquire marijuana stores in California

LOS ANGELES (AP) — The owner of High Times is going to start selling marijuana after championing its use in the pages of its magazine for nearly half a century. Hightimes Holding Co...

Historic oil price plunge trashes sector's profit outlook

LOS ANGELES (AP) — Amid a historic Wall Street crash it's been the energy sector that's suffering the worst selling, thanks to a double whammy of the coronavirus crisis and a price war among big crude...

NAHB chairman talks coronavirus impact on homebuilding

LOS ANGELES (AP) — Economic and housing market trends at the start of the year both favored U.S. homebuilders’ prospects for solid sales in 2020. Sales of new homes rose by the faste...

Clorox, Kroger among stocks bucking the bear market

LOS ANGELES (AP) — Wall Street’s plunge into a bear market after a nearly 11-year bull market has been fast and severe, erasing nearly all the S&P 500’s gains since Donald Trump's inauguration. ...