Latest Inflation News

Stock market today: Asian shares decline after a mixed post-holiday session on Wall Street

May. 29, 2024 00:12 AM EDT

TOKYO (AP) — Asian shares were mostly lower Wednesday after a mixed session on Wall Street following a three-day holiday weekend. Shares fell in Tokyo, Seoul, Sydney and Hong Kong, but rose in Shanghai. Mainland Chinese markets were lifted by moves by city governments in China to...

US consumer confidence rises in May after three months of declines

May. 28, 2024 12:36 PM EDT

WASHINGTON (AP) — Consumer confidence in the U.S. rose in May after three straight months of declines, though Americans are still anxious about inflation and interest rates. The Conference Board, a business research group, said Tuesday that its consumer confidence index rose in May...

Major retailers are offering summer deals to entice inflation-weary shoppers

May. 27, 2024 19:59 PM EDT

NEW YORK (AP) — Americans who spend Memorial Day scouting sales online and in stores may find more reasons to celebrate the return of warmer weather. Major retailers are stepping up discounts heading into the summer months, hoping to entice inflation-weary shoppers into opening their wallets. ...

Stock market today: World shares are mostly higher after rebound on Wall St

May. 27, 2024 05:15 AM EDT

Shares advanced in Europe and Asia ahead of Monday’s Memorial Day holiday in the United States. Oil prices also rose. European shares saw modest gains after the opening while Asian benchmarks gained upward momentum as the day wore on. Germany's DAX...

This week: Consumer confidence, Dick's Sporting Goods earnings and the latest US inflation reading

May. 27, 2024 03:13 AM EDT

A look at some of the key business events and economic indicators upcoming this week: HOW CONFIDENT? The Conference Board on Tuesday issues its consumer confidence index for May. Confidence deteriorated in April for the third straight month as Americans...

In one North Carolina county, it's 'growth, growth, growth.' But will Biden reap the benefit?

May. 27, 2024 03:08 AM EDT

SILER CITY, N.C. (AP) — At the epicenter of President Joe Biden’s promised economic boom, a slow tractor can still halt traffic. Just 81,000 people live in rural Chatham County, North Carolina. There are 1,076 farms. The old mill now houses a dance studio, a grocer and a...

Stock market today: Nasdaq sets another record as Wall Street wins back earlier losses

May. 24, 2024 17:20 PM EDT

NEW YORK (AP) — U.S. stocks rose Friday in a bounce back from Wall Street’s worst day since April. The S&P 500 gained 36.88 points, or 0.7%, to 5,304.72 and won back all its losses from the prior two days. It eked out a tiny gain for the week, enough to extend its weekly...

Long-term mortgage rates ease for third straight week, dipping to just below 7%

May. 23, 2024 17:36 PM EDT

LOS ANGELES (AP) — The average rate on a 30-year mortgage dipped this week to just below 7% for the first time since mid April, a modest boost for home shoppers navigating a housing market dampened by rising prices and relatively few available properties. The rate fell to 6.94%...

Poverty in Lebanon tripled over a decade, World Bank says

May. 23, 2024 07:46 AM EDT

BEIRUT (AP) — Poverty in Lebanon tripled over the course of a decade during which the small Mediterranean country slid into a protracted financial crisis, the World Bank said Thursday. The percentage of people in Lebanon living below the poverty line rose from 12% in 2012 to 44% in...

Stock market today: Asian shares are mixed, with China stocks down, after Wall St retreat

May. 23, 2024 00:49 AM EDT

TOKYO (AP) — Asian shares were trading mixed Thursday, as investor sentiment in Tokyo was boosted by news of soaring Nvidia earnings. Japan's benchmark Nikkei 225 gained 1.1% to 39,054.81. Australia's S&P/ASX 200 sank 0.5% to 7,807.10. South Korea's Kospi added 0.2% to...