Latest Economy News
Stock market today: Asian shares retreat after Wall St edges back from records
Asian shares retreated on Friday after U.S. stocks edged back from their record heights, though the Dow Jones Industrial Average briefly topped 40,000 for the first time. U.S. futures fell and oil prices edged higher. Chinese stocks were little changed after...
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...
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...
Argentina reports its first single-digit inflation in 6 months as markets swoon and costs hit home
BUENOS AIRES, Argentina (AP) — Argentina’s monthly inflation rate eased sharply to a single-digit rate in April for the first time in half a year, data released Tuesday showed, a closely watched indicator that bolsters President Javier Milei’s severe austerity program aimed at fixing the...
Xi's visit to Hungary and Serbia brings new Chinese investment and deeper ties to Europe's doorstep
BUDAPEST, Hungary (AP) — When Chinese President Xi Jinping visited Hungary last week, he arrived to one of the few places in the European Union where his country is considered an indispensable ally rather than a rival. By the time he left on Friday, he'd secured deals that provide fertile ground...
Stock market today: Asian shares mixed in muted trading after Wall Street barely budges
TOKYO (AP) — Asian shares were mixed in muted trading Tuesday after U.S. stock indexes were little changed ahead of the release of inflation data. Japan's benchmark Nikkei 225 lost early gains and was trading less than 0.1% higher at 38,194.38. Australia's...
European companies are less upbeat about China's vast market as its economy slows
BEIJING (AP) — China is actively seeking foreign investment to boost its slowing growth, but that very sluggishness is weighing on company plans to expand their businesses in the world's second largest economy, an annual survey of more than 500 European companies found. The slowing...
British economy rebounds strongly in first quarter of the year, ending 'technical recession'
LONDON (AP) — The British economy bounced back strongly in the first three months of the year, bringing to an end to what economists termed a “technical recession”, official figures showed Friday. The Office for National Statistics said the economy grew by 0.6% in the first...
Stock market today: Wall Street rallies after hiring shows welcome signs of cooling
Wall Street capped a choppy week of trading Friday with the best day for the stock market in over two months, as traders welcomed cooler-than-expected U.S. employment data as a sign that inflationary pressures on the economy are easing. The S&P 500 rose 1.3%, its best day since...
Czech central bank cuts a key interest rate again with inflation down and the economy on the mend
PRAGUE (AP) — The Czech Republic’s central bank on Thursday cut its key interest rate for the fourth straight time as inflation dropped and the economy showed signs of recovery. The cut by a half-percentage point brought the interest rate down to 5.25%. The move was expected by...
