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BC-Business News Digest

May 15, 2018

This is a digest of AP Business News stories moving overnight or in the morning. The business desk will reopen at 6 a.m. If you have issues overnight please call 212-621-1600. All times EDT.

TOP STORIES:

SMALL BUSINESS-INTEREST RATES — It’s a good news-bad news situation for small businesses when interest rates rise. The Federal Reserve has been gradually raising interest rates because the economy is doing well and a strong economy is great for most businesses. But higher rates will likely increase what it costs for businesses to borrow. A look at what an owner of a small business should do. By Sarah Sell. UPCOMING: 750 words by 10 a.m.

MARKETS & ECONOMY:

FINANCIAL MARKETS — A report on global markets, starting in Asia and updated through the close of trading on Wall Street.

EARNINGS:

EARNS-HOME DEPOT — The hardware chain reports quarterly results. UPCOMING: 250 words, photo after release of the report at about 6 a.m.

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