NEW YORK (AP) — Stock indexes are rising in early Wall Street trading following news of strong U.S. jobs figures. Technology companies and banks are climbing. Today marks the ninth birthday of the current bull market, which is the second-longest since World War II.
WASHINGTON (AP) — U.S. employers went on a hiring binge last month. The Labor Department says employers added 313,000 jobs in February, the most since July 2016, drawing hundreds of thousands of people into the job market. The influx of new workers kept the unemployment rate unchanged at 4.1 percent. Wages also grew, but not as much as in January.
WASHINGTON (AP) — The chairman of a Senate oversight committee is launching a review of the president’s decision to impose tariffs on steel and aluminum imports. Sen. Ron Johnson, who chairs the Homeland Security and Government Affairs Committee, says the tariffs risk undermining the U.S. economy. The Wisconsin Republican is asking Commerce Secretary Wilbur Ross to answer some questions and provide a “detailed cost analysis” of the impact on the economy.
MUNICH (AP) — German Chancellor Angela Merkel (AHN’-geh-lah MEHR’-kuhl) says she hopes the European Union will be exempted from new U.S. tariffs on foreign-made steel and aluminum, like Mexico and Canada. But Merkel says the European Commission has proposed retaliatory measures if EU imports into the U.S. are affected by the tariffs. Europe’s main steel federation is warning that that the tariffs could cost tens of thousands of jobs across the continent.
DETROIT (AP) — Just days after ride-hailing service Uber announced it was testing tractor-trailers that drive themselves, Google’s autonomous vehicle operation has announced similar testing in Georgia. Waymo says that starting next week it will run self-driving rigs in the Atlanta area with human backup drivers. They’ll travel freeways and local roads to deliver server racks and other cargo destined for Google’s data centers.