Latest Inflation News
US growth likely slowed last quarter but still pointed to a solid economy
WASHINGTON (AP) — Coming off a robust end to 2023, the U.S. economy is thought to have extended its surprisingly healthy streak at the start of this year, with consumers still spending freely despite the pressure of high interest rates. The Commerce Department is expected to report...
These apps allow workers to get paid between paychecks. Experts say there are steep costs
NEW YORK (AP) — When Anna Branch, 37, had her hours at work reduced at the start of the pandemic in 2020, she suddenly noticed ads for an app called EarnIn. “You know how they get you — the algorithms — like they’re reading your mind,” Branch said. “The ad said I could...
Surging auto insurance rates squeeze drivers, fuel inflation
NEW YORK (AP) — Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation. Auto insurance rates rose 2.6% in March and are up 22% from a year ago. Premium costs have been marching steadily higher since 2022, even as inflation at the consumer level...
German retirees will get an inflation-busting pension increase this year
BERLIN (AP) — Germany's Cabinet on Wednesday approved a 4.57% rise in retirees' pensions from this summer, well above the current rate of inflation. Rises in German pensions are linked largely to wage developments. Although inflation has subsided over the past year, the outcome of...
Stock market today: Tokyo's Nikkei leads Asian gains following Wall Street rally
HONG KONG (AP) — Asian shares rose on Wednesday, led by an 2% gain in Japan’s Nikkei 225 after U.S. stocks rallied for a second straight day Tuesday, blunting the blow from what’s been a rough April. U.S. futures rose while oil prices edged lower. Japan’s...
Stock market today: Asian stocks track Wall Street gains ahead of earnings reports
HONG KONG (AP) — Asian benchmarks extended gains Tuesday after U.S. stocks clawed back a chunk of their losses from last week, which was the worst for the S&P 500 in more than a year, while the yen weakened further to fresh 34-year lows. U.S. futures were mixed and oil prices...
This week: economic growth, unemployment, inflation update
Economic gauge The Commerce Department releases its initial estimate of first-quarter economic growth on Thursday. Economists expect growth slowed to just 2% in the first quarter of 2024, down from 3.4% in the final quarter of 2023 and 4.9% in the third quarter....
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
NEW YORK (AP) — The worst week for big technology stocks since the COVID crash in 2020 dragged Wall Street on Friday across the finish line of another losing week. The S&P 500 dropped 0.9% to close out its third straight losing week. That’s its longest such streak since...
IMF's Georgieva says there's 'plenty to worry about' despite recovery for many economies
WASHINGTON (AP) — The head of the International Monetary Fund said Thursday that the world economy has proven surprisingly resilient in the face of higher interest rates and the shock of war in Ukraine and Gaza, but "there is plenty to worry about,'' including stubborn inflation and rising levels...
Ally Financial, CSX rise; Equifax, Synovus Financial fall, Thursday, 4/18/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday: CSX Corp., up 23 cents to $34.39. The freight railroad's first-quarter earnings and revenue beat analysts' forecasts. Equifax Inc., down $20.17 to $217.51. ...
