Stocks stall…Oil mixed… San Francisco Fed names new president

NEW YORK (AP) — Stocks hardly moved today as the market wrapped up a solid week. Smaller companies rose following signs of sustained economic growth and reports that more tariffs on Chinese goods could be on the way. The S&P 500 rose less than a point to 2,904. The Dow added over 8 points to 26,154 and the Nasdaq slipped more than 3 points to 8,010. Also, the Russell 2000 index gained 7 points, to close at 1,721.

NEW YORK (AP) — Oil futures are mixed today. Benchmark U.S. crude added 0.6 percent to $68.99 a barrel in New York. At the same time, Brent crude, used to price international oils, dipped 0.1 percent to $78.09 a barrel in London. In other energy futures, wholesale gasoline lost 1.1 percent to $1.97 a gallon and heating oil fell 0.6 percent to $2.21 a gallon. Natural gas dropped 1.8 percent to $2.77 per 1,000 cubic feet.

WASHINGTON (AP) — The Federal Reserve Bank of San Francisco has appointed Mary C. Daly, an economist and labor market specialist, to be the next president of the regional Fed bank, beginning October 1. Daly replaces John Williams, who became the president of the New York Federal Reserve Bank in April. As San Francisco Fed President, Daly will receive a vote on interest rate policy at the December meeting of the Fed’s policymaking committee.

PHILADELPHIA (AP) — A Chinese scientist has pleaded guilty to conspiring to steal biopharmaceutical trade secrets from GlaxoSmithKline in what prosecutors said was a scheme to set up companies in China to market them. Tao Li pleaded guilty today in federal court to a single conspiracy count. The change of plea comes two weeks after Yu Xue, a high-ranking researcher who worked at GlaxoSmithKline, also pleaded guilty to a conspiracy charge.

WASHINGTON (AP) — The Trump administration is asking the court for another chance to delay an Obama-era policy meant to boost protections for students defrauded by for-profit schools. The request comes two days after the court ruled that Education Secretary Betsy DeVos’ move to freeze the regulation was “arbitrary and capricious.” That decision dealt a severe blow to her efforts to ease regulations for the for-profit college industry.

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