Stocks gain...Investors watch for hurricane impact...Amazon will ship you a tree
NEW YORK (AP) — Stocks are higher as technology companies and retailers rebound from their recent losses. Apple rose 2 percent, a day ahead of its latest iPhone update. Among retailers, Amazon rose 1.7 percent. Home improvement companies rose as Hurricane Florence headed for the East Coast, threatening heavy damage to homes. Lowe’s and Home Depot each climbed 1.2 percent.
NEW YORK (AP) — Hurricanes almost always set off an orchestrated dance on Wall Street before they make landfall, with shares of property and casualty insurance companies dumped in favor of companies that sell construction supplies or portable generators. That routine began a week ago, though Hurricane Florence appears to be turning up the volume this time. The last time a hurricane of this size struck the middle of the East Coast, Texas Instruments had just introduced the first transistor radio. Since then, the region has been developed heavily.
LONDON (AP) — Britain’s Treasury chief says striking a divorce deal with the European Union over the next two months is “doable.” With Brexit a little more than six months away, concerns have grown that the sides will not reach a deal because the British Parliament and the governing Conservative Party are divided on what Britain’s future relationship with the EU should be.
BEIJING (AP) — Amid a worsening tariff battle, China is putting off accepting license applications from American companies in financial services and other industries. An official of a business group says the applications won’t be accepted until Washington makes progress toward a settlement. It’s the first public confirmation of U.S. companies’ fears that their operations in China or access to its markets might be disrupted by the battle over Beijing’s technology policy.
NEW YORK (AP) — Watch out for the 7-foot box on the doorstep. Amazon plans to sell and ship fresh, full-size Christmas trees this year. But a live tree is no paperback book. Amazon says the Christmas trees, including Douglas firs and Norfolk Island pines, will be bound and shipped without water in the usual sort of box. Amazon said they’ll be sent within 10 days of being cut down, possibly even sooner, and should survive the shipping just fine.