NEW YORK (AP) — Stock indexes are mixed in afternoon trading on Wall Street. Banks, household goods makers and health care companies are falling while technology companies rise. Bond prices rose. The yield on the 10-year Treasury note slipped to 2.86 percent from 2.88 percent. That is affecting banks, as lower interest rates mean they can’t make as much money from lending.
WASHINGTON (AP) — A major aluminum trade group is telling President Donald Trump that it’s “deeply concerned” about the effects of global tariffs on aluminum production. The Aluminum Association says in a letter to Trump that the administration should address a glut of Chinese aluminum and target China and other countries that have a history of circumventing trade rules. The trade group wants the Trump administration to exempt vital trading partners such as Canada and the European Union.
WASHINGTON (AP) — A Senate effort to relax certain banking regulations has cleared an early procedural hurdle with enough support from Democrats to show the bill has a good chance of passage. The vote of 67-32 allows the Senate to begin debating a bill that would scale back certain provisions of the 2010 law known as Dodd-Frank. Senate Majority Leader Mitch McConnell says the regulatory burden of Dodd-Frank has forced small banks to hire additional workers to deal with compliance costs.
NEW YORK (AP) — Target is raising its minimum starting pay for workers for the second time in less than a year after seeing a bigger and better pool of candidates. Target hiked starting pay to $11 an hour last fall, and says all workers this spring will receive a minimum of $12 per hour. CEO Brian Cornell says Target will offer workers $15 an hour by 2020.
ALBANY, N.Y. (AP) — Protesters associated with a hotel workers’ union have shouted down actor Danny Glover at a rally of Airbnb hosts in Albany, New York. Glover had just begun speaking at today at the New York Capitol when protesters started yelling over him. They accused the longtime liberal activist of betraying minorities by working as a paid adviser to Airbnb. Opponents say it drives up housing prices and hurts traditional hotels. The rally was being held to support legislation easing regulations on Airbnb listings.