Stock market today: Most of Wall Street leaps in a widespread rally, from big stocks to small

NEW YORK (AP) — A widespread rally swept Wall Street Friday, lifting far-reaching corners, to close a tumultuous week where stocks that had been left behind for much of this year’s record-setting run wrested the spotlight back from the market’s biggest stars. The S&P 500...

Harris will carry Biden's economic record into the election. She hopes to turn it into an asset

WASHINGTON (AP) — A key question is looming for Vice President Kamala Harris as she edges closer to gaining the Democratic presidential nomination: Can she turn the Biden-Harris economic record into a political advantage in a way that President Joe Biden failed to do? In some ways,...

Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut

WASHINGTON (AP) — The Federal Reserve's favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates in September. Prices rose just 0.1% from May to June, the...

Russia's Central Bank hikes interest rate as inflation soars

MOSCOW (AP) — Russia’s Central Bank on Friday raised its key lending rate to its highest level in more than two years to stem soaring inflation in an overheated economy hit by Western sanctions in response to Moscow's military action in Ukraine. The bank raised the rate by 200...

Fed's preferred inflation gauge cools further, adding to likelihood of a September rate cut

US economic growth increased last quarter to a healthy 2.8% annual rate

WASHINGTON (AP) — The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of continually high interest rates. Thursday’s report from the Commerce Department said the gross domestic...

Bel Fuse: Q2 Earnings Snapshot

WEST ORANGE, N.J. (AP) — WEST ORANGE, N.J. (AP) — Bel Fuse Inc. (BELFB) on Wednesday reported second-quarter earnings of $18.8 million. On a per-share basis, the West Orange, New Jersey-based company said it had profit of $1.50. The maker of electronic products for...

Biden's legacy: Far-reaching accomplishments that didn't translate into political support

WASHINGTON (AP) — Sitting in the Oval Office behind the iconic Resolute desk in 2022, an animated President Joe Biden described the challenge of leading a psychologically traumatized nation. The United States had endured a life-altering pandemic. There was a jarring burst of...

Average rate on a 30-year mortgage drops to 6.77%, sliding to lowest level since March

LOS ANGELES (AP) — The average rate on a 30-year mortgage dropped this week to a four-month low, a welcome decline in borrowing costs for prospective homebuyers grappling with the challenge of record-high home prices and a dearth of properties on the market. The rate fell to 6.77%...

Amazon says this year's Prime Day was its biggest ever

NEW YORK (AP) — Amazon saw record sales for Prime Day this week as Prime members purchased more items than ever before, the company announced Thursday. The Seattle e-commerce giant, which does not disclose how much it earns during the popular discount event, also said...