• Federal Reserve Board Chair Janet Yellen takes her seat on Capitol Hill in Washington, Wednesday, Sept. 28, 2016, before the House Financial Services Committee hearing. Yellen is likely to face sharp questions from a House committee today over whether there was a failure in oversight by federal banking regulators involving Wells Fargo. The nation's second largest bank engaged in practices that allegedly allowed the bank to open millions of accounts without customers' permission. (AP Photo/Pablo Martinez Monsivais)

    Yellen says rate hike likely appropriate this year

    WASHINGTON (AP) — Federal Reserve Chair Janet Yellen said Wednesday that the central bank has no “fixed timetable” for raising interest rates but she believes the economy is ready for a rate hike by the end of the year.

    Updated: 3:47 pm

  • In this Monday, Sept. 26, 2016, file photo, trader Leon Montana works on the floor of the New York Stock Exchange. U.S. stock markets opened slightly higher Wednesday, Sept. 28, 2016, as energy companies are rising with the price of oil. (AP Photo/Richard Drew, File)

    US stocks give up an early gain and turn lower at midday

    NEW YORK (AP) — Energy companies powered to big gains Wednesday, leading the broader stock market higher, on reports that OPEC nations were moving closer to an agreement to cut oil production.

    Updated: 4:03 pm