Stocks have a good week ...Oil prices climb... FAO Schwarz toy shops are back
NEW YORK (AP) — Wall Street is celebrating another great week. Some of the biggest tech companies in the world had their best day in years on Friday after reporting solid third quarter results. Online retail giant Amazon also turned in strong earnings. The S&P 500 and Nasdaq finished at all-time highs. The S&P rose over 20 points to 2,581 and the Nasdaq soared 144 points, or 2.2 percent, to 6,701. The Dow made a modest gain of 33 points to close at 23,434.
NEW YORK (AP) — Oil traders are happy today. Benchmark U.S. crude reached a six-month high on Friday. It jumped $1.26, or 2.4 percent, to $53.90 a barrel in New York. At the same time, Brent crude, used to price international oils, rose $1.14, or 1.9 percent, to a two-year high of $60.44 a barrel in London. Also, wholesale gasoline rose 2 cents to $1.77 a gallon.
NEW YORK (AP) — FAO Schwarz, whose famous New York toy store was shut down two years ago, is making a return. Nearly 190 FAO Schwarz shops will open next week inside Bon-Ton, Carson’s and other department stores run by Bon-Ton Stores Inc. More than half of the FAO sections will roll out a nearly 6-foot-long piano mat so that shoppers can play a tune with their feet like Tom Hanks in the 1988 movie “Big.”
WASHINGTON (AP) — The Treasury Department’s office of the inspector general says a trip that a top Treasury official took on a plane owned by a wealthy hedge fund operator did not violate applicable ethics laws. Ed Miller, chief of staff for Treasury Secretary Steven Mnuchin, flew with Nelson Peltz, a partner in Trian Fund Management, on a trip in March from Washington to Palm Beach, Florida, after Miller got clearance from Treasury’s ethics lawyer.
PORTLAND, Maine (AP) — Seafood lovers might see the return of Maine shrimp to fish market counters and restaurants next year if interstate regulators decide the critter’s population is strong enough. An arm of the Atlantic States Marine Fisheries Commission is set to vote on Nov. 29 on whether the shrimp have recovered enough to withstand the return of commercial fishing. The Maine shrimp fishery has been shut down since 2013, and a moratorium has been extended every year since.