Stock market today: Wall Street wraps its miserable September with another weak finish

NEW YORK (AP) — Wall Street closed out its worst month and quarter of the year with more losses on Friday. The S&P 500 slipped 0.3% after a gain from the morning withered, and the majority of stocks within the index sank. The Dow Jones Industrial Average fell 158 points, or...

Higher gas prices lift Fed's preferred inflation gauge but underlying price pressures remain mild

WASHINGTON (AP) — An inflation gauge closely tracked by the Federal Reserve rose in August, boosted mainly by higher gas prices. But measures of underlying inflation slowed in the latest sign that overall price pressures are still moderating. Friday's report from the Commerce...

Inflation drops to a two-year low in Europe. It offers hope, but higher oil prices loom

FRANKFURT, Germany (AP) — Inflation that has plagued Europeans declined sharply in September to the lowest level in two years, strengthening hopes that consumers will get relief from costlier groceries, vacations and haircuts — and that the European Central Bank won’t have to further restrict...

Federal Reserve's preferred inflation gauge shows a slight rise in latest sign of moderating price increases

Inflation in Europe eases to 4.3%, offering hope for consumers struggling with high costs, but higher oil prices loom

Uber, Chico's rise; Micron Technology, Accenture fall, Thursday, 9/28/2023

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday: Micron Technology Inc., down $3.01 to $65.20. The chipmaker gave investors a disappointing earnings forecast. Uber Technologies Inc., up $1 to $46.14. ...

Italy's leader signs deal with industry to lower prices of essentials like food for 3 months

MILAN (AP) — Italian Premier Giorgia Meloni launched a pact Thursday with Italian industry aimed at keeping prices down on a range of essential goods, including food, personal care and baby items, which consumer advocates said could mean billions in savings for families. The...

Cost of building a super-size Alabama prison rises to more than $1 billion

MONTGOMERY, Ala. (AP) — The cost of a new Alabama super-size prison now under construction rose to more than $1 billion, complicating the state's plans to build two of the behemoth facilities. The Alabama Corrections Institution Finance Authority approved a final price Tuesday of...

US government estimates economy grew last quarter at a 2.1% rate, unchanged from previous projection

WASHINGTON (AP) — The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged. The second-quarter expansion of the nation's gross...

Stock market today: Wall Street yo-yos to a mixed close as oil and bond markets raise the pressure

NEW YORK (AP) — Wall Street yo-yoed to a mixed finish Wednesday after rising oil prices and bond yields cranked up the pressure even higher on the stock market. After taking several U-turns through the day, the S&P 500 inched up by 0.98, or less than 0.1%, to 4,274.51 and...