Anxiety over persistent inflation helps drive down US consumer sentiment for third consecutive month

WASHINGTON (AP) — U.S. consumer sentiment fell in June for the third straight month as Americans took a dimmer view of their own finances and worried about persistent inflation. The University of Michigan’s consumer sentiment index, released Friday in a preliminary version,...

High orange juice prices may be on the table for a while due to disease and extreme weather

MOGI GUACU, Brazil (AP) — Orange juice prices have always been volatile, falling when bumper harvests create an oversupply of oranges and rising when frost or a hurricane knocks out fruit trees. But the record-high prices the world is seeing for OJ right now may be on the table for...

Greece's prime minister tweaks his government to focus on cost of living and labor

ATHENS, Greece (AP) — Greek Prime Minister Kyriakos Mitsotakis tweaked his Cabinet on Friday with a focus on cost-of-living and labor policies after his center-right party's victory in Europe's parliamentary elections. Despite a recent dip in inflation, polls consistently show most...

Broadcom, Korn Ferry rise; Signet Jewelers, Repligen fall, Thursday, 6/13/2024

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday: John Wiley & Sons Inc., up $4.42 to $40.90. The publisher's fiscal fourth-quarter earnings and revenue beat analysts' forecasts. Broadcom Inc., up $183.48 to...

Argentina's monthly inflation falls to 4.2%, the lowest in two years, even as annual inflation remains near 300%

US wholesale prices dropped in May, adding to evidence that inflation pressures are cooling

WASHINGTON (AP) — Wholesale price increases fell in May, the latest sign that inflation pressures in the United States may be easing as the Federal Reserve considers a timetable for cutting interest rates. The Labor Department reported Thursday that its producer price index —...

Cars? Pork? Perfume? China has many options if a trade war breaks out with Europe

BEIJING (AP) — Now that Europe has announced tariffs on China-made electric cars, the continent is bracing to see if the other shoe drops. Will China retaliate with tariffs on European cars, taking aim at Germany's BMW and Mercedes? Would it put tariffs on agricultural products,...

Stock market today: Asia shares rise amid Bank of Japan focus after the Fed stands pat

TOKYO (AP) — Asian shares mostly rose Thursday, as investors turned their attention to what the Bank of Japan might decide on monetary policy later this week. The Bank of Japan is not expected to raise its benchmark rate when it wraps up its meeting on Friday, but the economy is...

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

WASHINGTON (AP) — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year. The policymakers' forecast for one rate cut was down from...

How major US stock indexes fared Wednesday, 6/12/2024

U.S. stocks closed higher following a surprisingly encouraging update on inflation. The S&P 500 rose 0.9% Wednesday, closing at another record high, after the Federal Reserve also gave reassurance that it still sees a cut to interest rates as likely this year. The Nasdaq...