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Stocks fall...Confidence slips, but remains strong...Home prices post slower increase

November 27, 2018

NEW YORK (AP) — Stocks are slipping as technology companies fall after President Donald Trump said he expects to put more tariffs on imports from China. That could increase the cost of products like laptops and smartphones. Other stocks are also lower after a strong gain the day before. Industrial conglomerate United Technologies is falling after saying it will split up into three smaller companies.

WASHINGTON (AP) — U.S. consumer confidence slipped this month but remains strong. The Conference Board, a business research group, says its consumer confidence index fell to 135.7 in November from October’s 18-year high 137.9. The index measures consumers’ assessment of current economic conditions and their outlook for the next six months.

WASHINGTON (AP) — U.S. home prices increased more slowly in September from a year ago as higher mortgage rates weighed on sales. The S&P CoreLogic Case-Shiller 20-city home price index rose 5.1 percent from a year earlier. That’s down from a 5.5 percent yearly gain in the previous month. It was the sixth straight month that home price increases have slowed. The weaker price gains reflect a broader slowdown in the nation’s housing market.

LAWRENCE TOWNSHIP, N.J. (AP) — Students at a private university in New Jersey can eat more chicken as long as it’s not Chick-fil-A. Rider University removed the restaurant from a survey asking students what restaurants they would like on campus. The school says the move was “based on the company’s record widely perceived to be in opposition to the LGBTQ community.” The fast-food chain was included in previous surveys. Chick-fil-A says it has “no policy of discrimination against any group.”

LONDON (AP) — The ride-hailing service Uber has been fined the equivalent of nearly $1.2 million by British and Dutch authorities for failing to protect customers’ data during a cyberattack in 2016. British officials cited a series of “avoidable data security flaws” that allowed personal data for roughly 2.7 million U.K. customers to be downloaded by hackers during an incident in October and November 2016.

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