Jobs data could signal shortage of qualified workers to hire
WASHINGTON (AP) — A hiring pullback captured in Friday’s U.S. jobs report raises the prospect that employers are starting to run out of qualified workers to hire. Employers added just 138,000 jobs in May, though that was enough to help cut the unemployment rate to a 16-year low of 4.3 percent.
Quitting Paris likely to have muted effect in key industries
DALLAS (AP) — Trump’s decision to pull out of the Paris climate agreement may have only limited impact on key sectors in the economy. Some executives criticized the move. Analysts say market conditions will be a bigger factor in determining US energy production after Paris.
Pittsburgh to Trump: You don’t speak for us on climate
PITTSBURGH (AP) — In announcing plans to pull the U.S. out of the Paris climate accord, President Donald Trump declared that he was “elected to represent the citizens of Pittsburgh, not Paris.” But the Steel City is hardly in Trump’s corner on this one. Pittsburgh’s mayor is reaffirming his commitment to curbing global warming and pushing ahead with green energy projects.
AP Explains: Why China is stepping up against climate change
BEIJING (AP) — By backing off the U.S. commitment to address climate change, President Donald Trump leaves an opening for a chief economic rival, China, to expand its increasing dominance in the renewable energy industry. Here’s a look at some of the trends and challenges that could shape China’s — and the world’s –energy future.
Stocks set records again; bond yields sink after jobs report
NEW YORK (AP) — Bond yields sank Friday to their lowest level of the year, and the dollar’s value fell against rivals after the nation’s job growth slowed last month. But stock indexes chugged again to record heights, led by technology companies and dividend payers.
Walmart touts investment in people, technology as advantages
FAYETTEVILLE, Ark. (AP) –Walmart CEO Doug McMillon touted the company’s investments in people and technology at its shareholder meeting. He also said the company may have reached an employment peak and urged employees not to be afraid of automation.
Trump faces tough task unwinding Obama Cuba policy
HAVANA (AP) –President Trump faces a complex scenario as Cuban-American legislators and lobbyists pressure him to fulfil his campaign promise to undo Obama’s detente with the Cuba. Administration officials say the Trump administration is weeks away from announcing a new Cuba policy that would prohibit business with the Cuban military while maintaining the full diplomatic relations restored by Obama.
Google’s Chrome browser to block some ads starting next year
NEW YORK (AP) — Websites that run annoying ads such as pop-ups may find all ads blocked by Google’s Chrome browser starting next year. The digital-ad giant’s announcement comes as hundreds of millions of internet users have already installed ad blockers on their desktop computers and phones to combat ads that track them and make browsing sites difficult.
Retirees at GE plant in Canada see hope for health claims
PETERBOROUGH, Ontario (AP) — Retired workers at a General Electric factory in Canada have long blamed cancers on decades spent in proximity to toxins inside the huge GE plant northeast of Toronto. Many had their health claims denied. But a newly published analysis of workplace safety at the Peterborough plant has prompted Ontario’s labor minister to publicly back the retirees.
US trade deficit rises to highest level since January
WASHINGTON (AP) –The U.S. trade deficit rose in April to the highest level since January as American exports rose and imports fell. The politically sensitive trade gap with China also rose sharply. A widening trade deficit is a drag on economic growth. Donald Trump made the trade gap a centerpiece of his presidential campaign. His administration has vowed to reduce the deficit, blaming it on abusive practices by America’s trading partners.
The Standard & Poor’s 500 index rose 9.01 points, or 0.4 percent, to 2,439.07.
The Dow Jones industrial average gained 62.11, or 0.3 percent, to 21,206.29.
The Nasdaq composite added 58.97, or 0.9 percent, to 6,305.80.
Benchmark U.S. crude oil fell 70 cents, or 1.4 percent, to settle at $47.66 per barrel. Brent crude, used to price international oils, sank 68 cents to $49.95 per barrel. Natural gas was close to flat at $3.00 per 1,000 cubic feet, wholesale gasoline fell 2 cents to $1.58 per gallon and heating oil dipped 2 cent to $1.48 per gallon.