Economic Indicators

How the major US stock indexes fared Monday

Major U.S. stock indexes closed mostly lower Monday, as losses in banks and other sectors offset solid gains in energy companies following a surge in crude oil prices.

Business Highlights

___ Medicare, Social Security face shaky fiscal futures WASHINGTON (AP) — A new report by the government's overseers of Medicare and Social Security urges lawmakers to "take action sooner rather than later" to address shortfalls in the financial condition of the government's bedrock retirement programs for middle- and working-class Americans.

US says no more sanctions waivers for importing Iranian oil

The Trump administration is poised to tell five nations, including allies Japan, South Korea and Turkey, that they will no longer be exempt from U.S. sanctions if they continue to import oil from Iran, officials said Sunday.

Semiconductor firm to buy, expand upstate NY chip plant

An Arizona-based semiconductor supplier will purchase GlobalFoundries' computer chip manufacturing plant in the Hudson Valley, adding 150 new jobs and preserving hundreds of others as part of a $720 million expansion plan, Gov. Andrew Cuomo announced Monday.