Stocks rise...Fed minutes reveal concern about growing risks...Toyota recalls 1.3M vehicles in the US to fix air bags
NEW YORK (AP) — Stocks are rising again on Wall Street as optimism builds that China and the U.S. are making progress on resolving their trade dispute. Indexes were broadly higher at midday,putting the market on track for its fourth consecutive gain. Technology and energy companies rose. The price of oil climbed again, rising above $50 a barrel for the first time since mid-December. The gains partly reflect growing confidence in the economy.
WASHINGTON (AP) — Minutes of last months’ Federal Reserve policy meeting show that officials expressed concerns over volatile stock markets, trade tensions and uncertain global growth. They said the threats made the future path of interest rate hikes “less clear.” The Fed trimmed its projection of possible rate hikes in 2019 from three down to two. But many private economists think the central bank might end up raising rates just once this year if the economy slows significantly.
DETROIT (AP) — Toyota is recalling 1.3 million vehicles in the U.S. to replace potentially deadly Takata front passenger air bag inflators. The recall includes multiple Toyota, Scion and Lexus vehicles from the 2010 through 2017 model years. The recall is part of a phased-in replacement of Takata inflators, which have been blamed for at least 23 deaths worldwide. Automakers are scheduled to replace 10 million more starting this month.
UNDATED (AP) — Boeing is keeping its title as the world’s leading maker of airliners, a nose ahead of Airbus. Europe-based Airbus, which assembles some planes in the U.S., said today that it delivered 800 commercial aircraft in 2018. That’s six fewer than Boeing’s record year, announced earlier this week. Boeing says it received a net of 893 new orders last year, and Airbus got 747 orders. Both companies are riding strong demand from airlines reporting strong travel demand.
LAS VEGAS (AP) — Amazon founder and CEO Jeff Bezos says he and his wife, MacKenzie, have decided to divorce after 25 years of marriage. Bezos, one of the world’s richest men, made the announcement today on Twitter. The two married in 1993 after they met at hedge fund D.E. Shaw in New York, where they both worked. They left New York on a road trip to Amazon’s eventual headquarters in Seattle. A note posted on Bezos’ Twitter account says the two of them will remain friends and partners.