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US stocks slightly higher ... US home price gains slow in November ... Apple to fix FaceTime bug that allows eavesdropping

January 29, 2019

NEW YORK (AP) — Stocks are slightly higher on Wall Street as several big U.S. companies report solid results for the latest quarter. Xerox jumped 7.2 percent in early trading and 3M, rose 3 percent. Energy companies rose along with the price of crude oil. Exxon Mobil added 1 percent. At 10:31 a.m. Eastern Time, the S&P 500 is up 3 points, at 2,647. The Dow was up 134 points, to 24,663. And the Nasdaq slipped 16 points, to 7,070.

WASHINGTON (AP) — U.S. home prices rose at a slower pace in November, as sales have tumbled and affordability has deteriorated for many would-be buyers. The S&P Case-Shiller 20-city home price index grew 4.7 percent from a year earlier. That’s a drop off from a 5 percent annual increase in October. Home sales drifted downward for much of 2018, causing homes to sit on the market longer and price growth to slip.

WASHINGTON (AP) — U.S. consumer confidence tumbled this month, tested by the partial government shutdown and roiling financial markets. Still, consumer spirits remains robust by historic standards. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 120.2 in January, down from 126.6 in December. The index measures consumers’ assessment of current economic conditions and their expectations for the next six months. Both declined in January.

UNDATED (AP) — Apple has made the group chat function in FaceTime unavailable after users said there was a bug that could allow callers to activate another user’s microphone remotely. The bug was demonstrated through videos online and reported on this week by tech blogs. Reports say the bug in the video chat app could allow an iPhone user calling another iPhone through Group Facetime to hear the audio from the other handset — even if the receiver did not accept the call.

NEW YORK (AP) — Shares in GameStop are getting hammered after the video game retailer says it is no longer pursuing a sale of the company. GameStop shares have fallen more than 20 percent in premarket trading. The company says that securing acceptable financing terms for prospective buyers made selling GameStop too difficult. The Texas company’s stock has lost about two-thirds of its value since 2015.

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