Latest Inflation News
Subway commuters in Buenos Aires see fares spike by 360% as part of austerity campaign in Argentina
BUENOS AIRES, Argentina (AP) — Commuters in Buenos Aires on Friday were hit by an abrupt 360% increase in subway fares, one of the most dramatic price hikes in libertarian President Javier Milei 's harsh budget austerity campaign in Argentina. After weeks of hearings, a judge on...
Bike shops boomed early in the pandemic. It’s been a bumpy ride for most ever since
For the nation’s bicycle shops, the past few years have probably felt like the business version of the Tour de France, with numerous twists and turns testing their endurance. Early in the pandemic, a surge of interest in cycling pushed sales up 64% to $5.4 billion in 2020,...
NOT REAL NEWS: A look at what didn't happen this week
A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were shared widely on social media. The Associated Press checked them out. ___ Replacement of Milwaukee election...
UN reports improved prospects for the world economy and forecasts 2.7% growth in 2024
UNITED NATIONS (AP) — The United Nations reported improved prospects for the world economy since its January forecast on Thursday, pointing to a better outlook in the United States and several large emerging economies including Brazil, India and Russia. According to its mid-2024...
Adecoagro: Q1 Earnings Snapshot
LUXEMBOURG (AP) — LUXEMBOURG (AP) — Adecoagro SA (AGRO) on Thursday reported first-quarter profit of $47.4 million. On a per-share basis, the Luxembourg-based company said it had profit of 45 cents. Earnings, adjusted for non-recurring gains, were 22 cents per share. ...
Walmart, Canada Goose rise; Deere, Freeport-McMoRan fall, Thursday, 5/16/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday: Walmart Inc., up $4.18 to $64.01. The retailer's first-quarter financial results beat analysts' forecasts. Deere & Co., down $19.59 to $394.43. ...
The Dow just crossed 40,000 for the first time. The number is big but means little for your 401(k)
NEW YORK (AP) — The Dow Jones Industrial Average just topped 40,000 for the first time, the latest pop in what's been a surprisingly good year for Wall Street. But just like New Year's represents an arbitrary point in time in the Earth's revolution around the sun, such milestones...
Walmart's strong first quarter driven by consumers seeking bargains with inflation still an issue
NEW YORK (AP) — Walmart Inc. reported another quarter of strong results Thursday as its low prices pull in shoppers scouring for discounts with inflation stubbornly high. The nation's largest retailer, based in Bentonville, Arkansas, also offered an upbeat outlook. Share rose more...
Stock market today: Asian shares advance after another round of Wall St records
Asian shares advanced on Thursday after U.S. stocks rallied to records on hopes that inflation is heading back in the right direction. The optimism came from a report showing U.S. consumers had to pay prices for gasoline, car insurance and everything else in April that were 3.4%...
How major US stock indexes fared Wednesday, 5/15/2024
U.S. stocks rallied to records on hopes that inflation is heading back in the right direction. The S&P 500 jumped 1.2% Wednesday to top its prior all-time high set in March. The Nasdaq composite added 1.4% to its own record set a day earlier, while the Dow Jones Industrial...
