Related topics

Stocks little changed...Jobless claims dip...Energy costs push up producer prices

October 12, 2017

NEW YORK (AP) — Stock indexes aren’t showing much change in early trading on Wall Street. Banks are rising after JPMorgan Chase and Citigroup both reported higher earnings than analysts were expecting. Communications and media companies are lower. AT&T is falling after it said it expects to lose DirecTV subscribers, while cable company Charter and entertainment conglomerate Viacom are down on reports that Viacom channels may go off the air in the New York area because of a contract dispute.

WASHINGTON (AP) — Fewer people sought unemployment benefits last week as the impact of last month’s hurricanes on the U.S. economy fades. The Labor Department says weekly applications for U.S. unemployment aid fell by 15,000 last week to a seasonally adjusted 243,000. Applications fell in Texas and Florida, where Hurricanes Harvey and Irma inflicted heavy damage in late August and September. Applications spiked to 298,000 after Harvey hit Texas in late August.

WASHINGTON (AP) — The Labor Department says prices at the wholesale level climbed 0.4 percent last month, mainly due to rising energy costs. Gasoline prices surged 10.9 percent in September after oil refineries along the Gulf of Mexico shut down after Hurricane Harvey hit in late August. Food costs were unchanged last month. Motor vehicle costs rose, while computer chips fell in price. The Labor Department’s producer price index, which measures inflation pressures before they reach the consumer, has risen 2.6 percent over the past 12 months.

UNDATED (AP) — More than 500,000 child car seats made by a company called Diono are being recalled because they may not adequately protect children in a crash. Documents posted today by the U.S. government say that when the seats are secured using a lap belt without the top tether, children over 65 pounds have an increased risk of injury in a crash. The recall covers the Radian R100, Radian R120, Radian RXT, Olympia, Pacifica, and Rainier convertible and booster seats.

NEW YORK (AP) — Target is jumping into voice-activated shopping as it deepens its relationship with Google, offering thousands of items found in the store except for perishables like fruit and milk. Target Corp. joins Walmart and Home Depot, among others, in partnering with Google on voice shopping as they seek to compete against Amazon’s dominance with its Echo devices. Google says shopping will be available later this year through Google Assistant on iPhone and Android phones, joining its Google Home device and Android TV.

Update hourly