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Stocks down and up ... May holds fast on Brexit deal ... California looks to restrict pesticide

November 15, 2018

NEW YORK (AP) — The main stocks indexes have been cycling down and up on Wall Street today. Retailers, homebuilders and utilities have been dragging the market lower, while gains in technology companies and banks have been pulling it back up. The market is currently on a five-day losing streak.

LONDON (AP) — British Prime Minister Theresa May says if politicians reject her Brexit deal, it will set the country on “a path of deep and grave uncertainty.” In the face of mounting criticism, May says she believes “with every fiber” of her being that the deal her government struck with the European Union was the right one. Two Cabinet ministers have resigned in the 24 hours since the government backed the deal announced yesterday.

WASHINGTON (AP) — Mortgage buyer Freddie Mac says the average rate on a 30-year, fixed-rate mortgage held steady this week, while the average rate on a 15-year, fixed-rate loan edged up to 4.36 percent. Those rates are at their highest levels in nearly eight years though, at that’s slowing home sales.

LOS ANGELES (AP) — California regulators are recommending new restrictions on a widely used pesticide blamed for harming babies’ brains. The Department of Pesticide Regulation is calling for a ban on using the chemical chlorpyrifos (klohr-PY’-rih-fohs) in crop dusting, discontinuing its use on most crops and increasing buffer zones around where it’s applied. The pesticide is currently used on about 60 different crops, including grapes, almonds and oranges.

BEIJING (AP) — At least four major international hotel chains are offering apologies after a hidden camera video of their room cleaning practices in China was posted online. The 11-minute video shows cleaners wiping cups and sinks with dirty towels and sponges. Some use the same towel to wipe the toilet seat. The Shangri-La Hotel in Fuzhou says what’s shown o violates its hygiene standards, while the Park Hyatt in Beijing calls it an isolated occurrence. The Waldorf Astoria in Shanghai and the Sheraton in Guiyang city also apologized.

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