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Stocks rally...Trump says US could extend tariff deadline...Payless ShoeSource shutting remaining stores

February 16, 2019

UNDATED (AP) — Stocks surged on Wall Street Friday after Chinese and U.S. officials agreed to continue trade talks in Washington next week. The S&P 500 index gained 29 points, or 1.1 percent, to close at 2,775. Its third-consecutive weekly gain. The Dow climbed 443 points, or 1.7 percent, to 25,883 and the Nasdaq rose 45 points, or 0.6 percent, to end the day at 7,472. Meanwhile, the Russell 2000 index picked up 24 points, or 1.6 percent to close at 1,569.

BEIJING (AP) — President Donald Trump says “there’s a possibility” he would extend a March 2 deadline in trade talks with China if the two countries are closing in on a deal. Trump made the remarks on Friday after two days of high-level negotiations ended in Beijing and the two countries announced plans to resume talks next week in Washington.

NEW YORK (AP) — Paylesss ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico, joining a list of iconic names like Toys R Us and Bon-Ton that have been shuttered in the last year. The Topeka, Kansas-based chain says it will be holding liquidation sales starting Sunday and is winding down its e-commerce operations. It says all stores will remain open until at least the end of March and the majority will remain open until May.

CHICAGO (AP) — The U.S. government is leading an effort to develop ways to recycle lithium-ion batteries from electric vehicles, cellphones and other sources to ensure a reliable and affordable supply of metals crucial to battery production. The Energy Department says the $15-billion, three-year research and development project at the Argonne National Laboratory is a matter of national security.

DALLAS (AP) — Major airlines plan to expand gender options to include more than male and female. The airlines will let customers say their gender is ‘unspecified’ or ‘undisclosed.’ The move by airlines including American, United and Delta follows a recommendation from airline trade groups for accommodating new descriptions of gender that can appear on a traveler’s form of ID.