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Slight stock gains…Trade talks stall?…Aid for farmers

NEW YORK (AP) — Stocks are ending a wobbly day slightly higher on Wall Street as traders try to parse conflicting signals about how much progress is being made in resolving the U.S.-China trade war. The modest gains were enough to send major indexes to more record highs. The S&P closed out its fifth straight week of gains, matching its longest winning streak in two years. The Dow edged up 6 points to 27,681.

WASHINGTON (AP) — President Donald Trump said Friday that he hasn’t agreed to remove any of the tariffs that he has placed on imports from China as the world’s biggest economies struggle to negotiate an end to their ongoing trade war. The pushback by the president suggested that negotiations haven’t progressed as far as hoped.

WASHINGTON (AP) — Consumer borrowing rose in September at a modest pace, led by higher student and auto loans, though a category that mostly includes credit cards fell for the second straight month. The Federal Reserve says that consumer borrowing increased 2.8% to $4.15 trillion.

TALLAHASSEE, Fla. (AP) _ The federal government is sending $800 million in aid to farmers in three southern states that were devastated by last year’s hurricanes. Nearly half that money will go to Florida, where timber farmers suffered catastrophic losses when Hurricane Michael came ashore in October 2018 and destroyed 2.8 million acres of commercially grown trees. The Agriculture Department said the funding also will help Alabama and Georgia cover hurricane losses in the timber, cattle and poultry industries.

UNDATED (AP) _ Facebook says it is deleting the name of the person who has been identified in conservative circles as the whistleblower who triggered a congressional impeachment inquiry into President Donald Trump’s actions. The company said Friday that mention of the potential whistleblower’s name violates Facebook’s “coordinating harm policy,” which prohibits material that could out a “witness, informant, or activist.”

Associated Press


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