Commodities

Business Highlights

Rising interest rates send stocks skidding; tech plunges NEW YORK (AP) — Global stocks fell Thursday as interest rates in the U.S. continued to rise.

Business Highlights

___ GM, Honda team up to produce self-driving vehicle General Motors and Honda are teaming up on self-driving vehicle technology as big automakers and tech giants race to develop the next generation of personal transportation.

Business Highlights

___ GE, seeking path forward as a century-old company, ousts CEO BOSTON (AP) — General Electric CEO and Chairman John Flannery is being ousted after just over a year on the job at the century-old company.

Business Highlights

___ Tesla faces a reckoning with CEO Elon Musk's job in jeopardy SAN FRANCISCO (AP) — The thought of a Tesla car company without Elon Musk is sending shivers down the spine of Wall Street.

Business Highlights

___ Fed raises rates for 3rd time this year with 1 more expected WASHINGTON (AP) — The Federal Reserve signaled confidence in the U.S. economy by raising a key interest rate for a third time this year, forecasting another rate hike before year's end and predicting that it will continue to tighten credit into 2020 to help manage growth and inflation.

Global stocks turn higher, price of oil keeps rising

Asian stock markets were mixed Tuesday after a Chinese government report accusing the Trump administration of bullying other countries, dampening hopes for a settlement in their escalating tariff war.