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Stocks rally…Mortgage rates slip…Judge orders Trump to pay $2M for misuse of charity foundation

NEW YORK (AP) — Stocks are moving broadly higher in afternoon trading on Wall Street, pushing major indexes toward another set of records, after China said it agreed with the U.S. on a gradual pullback on tariffs if talks progress. The S&P 500 is heading for its second record-setting day this week. The Dow Jones Industrial Average and the Nasdaq are on pace for their third day of record highs. Technology companies are leading the way up. Banks also rose after bond yields jumped.

WASHINGTON (AP) — Mortgage rates have slipped this week from the highest level since July. Mortgage giant Freddie Mac says the average rate for a 30-year fixed-rate mortgage declined to 3.69% from 3.78% last week. That’s also down more than a full percentage point from a year ago when it was 4.94%. The average rate on a 15-year mortgage fell to 3.13% this week from 3.19% a week ago.

NEW YORK (AP) — A New York judge has ordered President Donald Trump to pay $2 million to settle a lawsuit alleging he misused his charitable foundation to further his political and business interests. The judge also signed off on an agreement to close the Trump Foundation and distribute about $1.7 million in remaining funds to other nonprofit groups. New York’s attorney general filed a lawsuit last year alleging Trump and his family illegally operated the foundation as an extension of his businesses and his presidential campaign.

SIDI KACEM, Morocco (AP) — Ivanka Trump says families, communities and countries flourish when women are invested in and included in the economy. President Donald Trump’s daughter and White House adviser saw real life examples in Morocco when she met four women who are benefiting from changes that allow them to own land. She is visiting Morocco to promote the Women’s Global Development and Prosperity initiative, a U.S. government program she spearheads.

NEW YORK (AP) — T-Mobile is promising a new $15 wireless plan if its $26.5 billion Sprint deal goes through. It’s also promising free internet to emergency first responders for 10 years and to low-income households with children for five years. The $15 plan is for anyone, but comes with just 2 gigabytes of data per month. Federal regulators have approved the deal, but attorneys general of 15 states and the District of Columbia aim to block it, saying it will raise prices for consumers. A trial is to start in December.

Associated Press

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