Stocks broadly lower...Available jobs fell...Gas prices lower this summer
NEW YORK (AP) — Stocks continued to move broadly lower in afternoon trading on Wall Street. Banks and industrial companies are leading the way lower with energy companies falling as the price of crude oil turned lower. And the IMF delivered disappointing news on the global economy, lowering its forecast for economic growth in the U.S., Europe and Japan.
WASHINGTON (AP) — The number of available jobs in the U.S. fell sharply in February after reaching a record level in the previous month, a sign that businesses may pull back a bit on hiring. The Labor Department says that job openings fell 7.1% to 7.1 million, a sharp decline to the lowest level in nearly a year.
UNDATED (AP) — Gasoline prices are expected to be slightly lower this summer than they were a year ago because oil is cheaper. The US Energy Information Administration says the nationwide average price from April through September will be $2.76 a gallon, down from $2.85 last summer. For the whole year, the agency says the average household will spend about $100 less on fuel than last year.
WASHINGTON (AP) — Federal authorities say they’ve broken up a $1.2 billion Medicare scam that peddled unneeded orthopedic braces to hundreds of thousands of seniors via foreign call centers. The Justice Department announced charges today against 24 people in the U.S., including doctors accused of writing bogus prescriptions for unneeded back, shoulder, wrist and knee braces. The call centers were located in the Philippines and throughout Latin America.
UNDATED (AP) — Prime Minister Theresa May has brought her case for a further delay to Britain’s departure from the European Union to Berlin and Paris. Britain’s partners in the 28-nation European Union say they want clarity from May about what she will do to break the Brexit logjam if another delay is granted. May has already obtained a delay until Friday. EU leaders will confront May for the second time in three weeks on her plans at an emergency Brexit summit on Wednesday.