Consumer prices rise 0.2% in September, used vehicles spike

SILVER SPRING, Md. (AP) — U.S. consumer prices rose slightly in September, led again by sharp increases in the index for used vehicles. The consumer price index rose 0.2% last month, after gaining 0.4% in August, the Labor Department reported Tuesday. Prices for used cars and trucks rose 6.7% in September...

Stocks are soaring, and most Black people are missing out

NEW YORK (AP) — Americans who own stocks are pulling further away from those who don't, as Wall Street roars back to record heights while much of the economy struggles. And Black households are much more likely to be in that not-as-fortunate group that isn't in the stock market. Only 33.5% of Black...

Asian shares mostly higher on hopes for U.S. stimulus

TOKYO (AP) — Asian shares were mostly higher on Thursday on optimism U.S. stimulus may be coming after all, as President Donald Trump appeared to reverse his earlier decision to halt talks on another economic rescue effort. Japan's benchmark Nikkei 225 added 0.9% to 23,636.35. South Korea's Kospi gained...

Fed officials cited risks if Congress fails to pass more aid

WASHINGTON (AP) — Federal Reserve officials expressed concern at their most-recent meeting that the U.S. economy recovery could falter if Congress failed to approve another round of pandemic relief. The Fed on Wednesday released minutes of its most recent meeting, showing that officials believed the...

The Federal Reserve says consumer borrowing fell by $7.2 billion in August as credit card use dropped for 6th month

World shares mixed after Trump calls halt to stimulus talks

World shares were mostly lower on Wednesday after U.S. President Donald Trump ordered a stop to talks on another round of aid for the economy. U.S. futures were up slightly after dropping on Trump's announcement the day before. Markets were down slightly in Germany, France and Japan but closed higher in Hong...

Asian shares mixed after Trump calls off stimulus talks

Stocks were mixed in Asia on Wednesday despite an overnight decline on Wall Street after President Donald Trump ordered a stop to talks on another round of aid for the economy. Markets rose in Hong Kong and Sydney but fell in Tokyo. Trump’s announcement via Twitter came after Federal Reserve Chair Jerome...

Trump halts COVID-19 relief talks until after election

WASHINGTON (AP) — President Donald Trump on Tuesday called an abrupt end to negotiations with Democrats over additional COVID-19 relief, delaying action until after the election despite ominous warnings from his own Federal Reserve chairman about the deteriorating conditions in the economy. Trump tweeted...

Fed's Powell: Lack of further stimulus imperils recovery

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell warned Tuesday that a tentative recovery from the pandemic recession could falter unless the federal government supplies additional economic support. Yet hours after Powell's remarks, President Donald Trump announced that he was cutting off talks with...

Europe's central bank moves toward introducing digital euro

FRANKFURT, Germany (AP) — With consumers increasingly using cashless ways to buy things, the European Central Bank on Friday took a step closer to issuing a digital version of the euro currency shared by 19 countries, saying it had to be ready to launch digital money if a changing world requires it. The...