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Stocks hold steady...Oil prices down... US and Canada to resume trade talks next week

August 31, 2018

NEW YORK (AP) — Stocks hardly budged today as the U.S. and Canada were unable to complete a trade deal, but the two sides intend to continue negotiating next week. The S&P 500 inched up less than 1 point to 2,901. The Dow slipped 22 points, or 0.1 percent, to 25,964 and the Nasdaq rose 21 points, or 0.3 percent, to 8,109. The Russell 2000 index of smaller-company stocks gained 8 points, or 0.5 percent, to close at a record high of 1,740.

NEW YORK (AP) — Oil prices have fallen. Benchmark U.S. crude slipped 0.6 percent today to $69.80 a barrel in New York. Across the pond, Brent crude, used to price international oils, dipped 0.5 percent to $77.42 a barrel in London. In other commodity futures trading, wholesale gasoline was unchanged at $2.14 a gallon. Heating oil lost 0.3 percent to $2.24 a gallon and natural gas gained 1.5 percent to $2.92 per 1,000 cubic feet.

WASHINGTON (AP) — Canada’s top trade negotiator, Minister of Foreign Affairs Chrystia Freeland, is expressing confidence that Canada can reach a deal with the United States on a revamped North American trade agreement that could please all sides. Freeland told reporters after talks with U.S. Trade Rep. Robert Lighthizer today “We know a win-win-win agreement is within reach,” The bi=lateral talks are set to resume Wednesday.

UNDATED (AP) — United Airlines is raising checked-bag fees for many passengers, matching a move earlier this week by JetBlue Airways. United raised fees for checking a first bag from $25 to $30 and a second bag from $35 to $40 for tickets issued on or after today. The fees cover flights in North and Central America and the Caribbean. Chicago-based United says the money helps it invest in “the overall customer experience.”

NEW YORK (AP) — The Village Voice, the Pulitzer Prize-winning alternative weekly known for its muckraking investigations, exhaustive arts criticism, naughty personal ads and neurosis-laden cartoons, is going out of business after 63 years. Its publisher says the paper is ceasing publication altogether because of financial problems, a year after it stopped circulating in print and went to digital-only. Eight of the Voice’s 18 remaining staffers were laid off.

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