Under President Milei, the worst economic crisis in decades puts Argentine ingenuity to the test

BUENOS AIRES, Argentina (AP) — In the crush of anti-government protests paralyzing downtown Buenos Aires in the last months, some Argentines saw a traffic-induced headache. Others saw a reaction to President Javier Milei's brutal austerity measures. Alejandra, a street vendor, saw...

US home sales fell in June to slowest pace since December amid rising mortgage rates, home prices

LOS ANGELES (AP) — The nation's housing slump deepened in June as sales of previously occupied homes slowed to their slowest pace since December, hampered by elevated mortgage rates and record-high prices. Sales of previously occupied U.S. homes fell 5.4% last month from May to a...

Coca-Cola raises full-year sales guidance after stronger-than-expected second quarter

Coca-Cola is raising its full-year sales guidance after a stronger-than-expected second quarter boosted by continued price increases. The Atlanta beverage giant said Tuesday it now expects organic sales to grow between 9% and 10% this year, up from 8% to 9% previously. One standout...

Governor of eastern Congo's gold-rich province bans mining activities to 'restore order'

The governor of the South Kivu province in eastern Congo on Friday ordered the suspension of all mining activities to “restore order” in the mineral-rich region, which is plagued by violence from armed groups. Mining activities are suspended until further notice because of “the...

Retail sales unchanged in June from May, underscoring shoppers' resilience

NEW YORK (AP) — Shoppers paused their spending in June from May, defying economic forecasts for a pullback and proving their resilience in the face of an uncertain economy Retail sales were unchanged in June from May, after being revised upward to a 0.3% increase in May, according...

Target will stop accepting personal checks next week. Are the days of the payment method numbered?

NEW YORK (AP) — Target will no longer accept personal checks from shoppers as of July 15, another sign of how a once ubiquitous payment method is going the way of outmoded objects like floppy disks and the Rolodex. The Minneapolis-based discounter confirmed the move in a statement...

US new-vehicle sales barely rose in the second quarter as buyers balked at still-high prices

DETROIT (AP) — U.S. new-vehicle sales rose only slightly in the second quarter, despite larger discounts and slightly lower prices. But brisker sales could be on the horizon: Auto industry analysts say they expect prices to drop further and there's a possibility of interest-rate...

US new-vehicle sales rose only 0.1% in the second quarter despite discounts, as buyers balked at still-high prices

US home sales fall for the 3rd straight month in May amid rising mortgage rates, record-high prices

LOS ANGELES (AP) — Sales of previously occupied U.S. homes fell in May for the third straight month as rising mortgage rates and record-high prices discouraged many prospective homebuyers during what's traditionally the housing market’s busiest period of the year. Existing home...

Stock market today: Asian stocks are mixed after Wall Street edges to more records

HONG KONG (AP) — Asian stocks were mixed on Wednesday after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession. U.S. futures were mixed and oil prices were little changed. Tokyo’s...