WASHINGTON (AP) - Orders to U.S. factories for large manufactured goods fell sharply last month, pulled down by lower demand for commercial aircraft and cars, while businesses also pulled back on investment spending. The Commerce Department said Friday that orders for durable goods - or items meant to last at least three years - fell 2.1%, after rising 1.7% in March, which was revised lower from a previous estimate of a 2.6% gain. Orders also fell steeply in February.
PARIS (AP) - French far-right leader Marine Le Pen says that the nation's European Parliament elections amount to the referendum the "French asked for but didn't get." Le Pen said before a final rally Friday that President Emmanuel Macron's party "must not be first Sunday night." France has 34 lists but polls consistently show Le Pen's far-right and Macron's centrist parties battling for first place.
TOKYO (AP) - Global stocks are rebounding following Thursday's sell-off, with markets hoping for an easing in the U.S.-China trade dispute and after British Prime Minister Theresa May said she plans to resign as of June 7. Investors appear to hope May's pending resignation could unblock the political stalemate over Brexit. Some analysts are warning it could simply mean another delay to the EU departure.
Americans generally do not have enough saved for retirement and Congress is considering a number of measures to address that. There are a few retirement-related bills of note making their way through Congress. One in particular, the Secure Act, gained significant traction this week. The House voted to approve it Thursday and it is widely expected to move forward in the Senate. Some experts are saying it is one of the most important potential changes to retirement rules seen in years.
BEIJING (AP) - China's airline industry association has thrown its support behind 13 Chinese carriers seeking compensation from Boeing for groundings of the 737 Max 8. The China Air Transport Association said in a statement Friday that the groundings and delayed deliveries of the planes were causing "serious damage" to the companies' businesses. It estimated their losses at 4 billion yuan ($580 million) should the planes remain grounded through the end of next month.
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FORT WORTH, Texas (AP) - After an all-day meeting with global aviation regulators, the chief of the Federal Aviation Administration sounded more upbeat than ever about prospects for clearing the troubled Boeing 737 Max to fly again. Aviation officials from more 30 countries met with the FAA to hear the U.S. regulator's approach to reviewing changes that Boeing is making after two crashes that killed 346 people.
Shares of Tesla, suffering one of the worst stretches in company history, rebounded Thursday after CEO Elon Musk told employees that orders are up. The company's stock closed up 1.4% to $195.49 on a volatile day that started out with a loss. Tesla stock has shed 16% in the past three weeks and about 41% since the beginning of the year, and is trading at the lowest levels since late 2016.
SINGAPORE (AP) - World stock markets fell sharply Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes. Private surveys, meanwhile, showed continued weakness in the eurozone economy in May, with a slowdown in manufacturing and services.
FRANKFURT, Germany (AP) - The CEO of Deutsche Bank says he is ready to make "tough cuts" to improve the struggling bank's profitability and raise a "disappointing" share price as negative headlines continue to plague Germany's biggest bank. Christian Sewing made the remarks Thursday in front of restive shareholders at the bank's annual meeting in Frankfurt, Germany.