Stock market today: Wall Street drifts as Nvidia loses some more momentum

NEW YORK (AP) — U.S. stocks drifted to a quiet close of the week, as Nvidia’s stock continued to cool from its startling, supernova run. The S&P 500 slipped 0.2% Friday, though it’s still near the all-time high it set on Tuesday. The Dow Jones Industrial Average edged up less than 0.1%,...

Bank of England keeps main interest rate at 16-year high of 5.25% despite inflation fall

LONDON (AP) — The Bank of England on Thursday kept its main interest rate at a 16-year high of 5.25% even though inflation has fallen to its target of 2%, with several policymakers warning that a premature cut could stoke another bout of price rises. For the second meeting in a...

Bank of England keeps main interest rate at 16-year high of 5.25% even though inflation is now at its target of 2%

Swiss central bank cuts its main interest rate by 1/4 point, citing easing inflationary pressures

GENEVA (AP) — The Swiss National Bank said Thursday it has lowered its main policy rate by a quarter of a percentage point, citing a drop in “underlying inflationary pressure” despite an uptick in some costs like rents, tourism services and oil products. The central bank...

With election looming, UK's governing Conservatives seize on inflation fall to 2% target

LONDON (AP) — Inflation in the U.K. returned to the Bank of England's target rate of 2% for the first time in nearly three years, official figures showed Wednesday, a development that was seized on by the governing Conservative Party as evidence that its economic plan is “working” ahead of...

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

HONG KONG (AP) — World 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. The future for the Dow Jones Industrial Average was down 0.1% while that for the...

Japan's exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets

TOKYO (AP) — Japan's exports surged 13.5% in May, faster than expected growth helped by a weak yen and strong demand in the U.S. and Asia. Finance Ministry data reported Wednesday showed that the trade deficit totaled 1.22 trillion yen ($7.7 billion), down nearly 12% from 1.38...

Luxury sales are flattening amid a self-inflicted creativity crisis and price hikes, study finds

MILAN (AP) — The post-pandemic surge in global sales of luxury handbags, shoes and apparel is set to stall this year amid a creativity crisis and price hikes as brands shift focus to the biggest spending customers, a new study by the Bain consultancy said Tuesday. Bain is...

Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending

NEW YORK (AP) — Consumers barely increased spending in May from April as still high prices on groceries and other necessities and high interest rates curbed spending. Retail sales rose 0.1% in May, below the pace that economists projected, the Commerce Department said Tuesday. And...

US retail sales rise 0.1% in May from April as inflation and high interest rates curb spending