Latest Inflation News
With no supermarket for residents of Atlantic City, New Jersey and hospitals create mobile groceries
ATLANTIC CITY, N.J. (AP) — In this seaside resort, where $5 billion worth of in-person and online gambling gets done each year, there still is not a supermarket. People who live in Atlantic City must either drive off the island to a mainland store, take public transportation —...
Stock market today: Wall Street hits 2023 high as it mulls whether economy is too warm or just right
NEW YORK (AP) — Wall Street climbed back to its best level in 20 months on Friday following a stronger-than-expected report on the U.S. job market. The S&P 500 rose 0.4%, enough to clinch a sixth straight winning week for the index, which is its longest such streak in four...
Solid US hiring lowers unemployment rate in latest sign of a still-sturdy job market
WASHINGTON (AP) — U.S. employers added a healthy 199,000 jobs last month and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing,” in which inflation would return to the Federal Reserve’s 2% target without causing a steep recession. ...
A 'soft landing' or a recession? How each one might affect America's households and businesses
WASHINGTON (AP) — The solid hiring revealed in Friday's jobs report for November, along with a raft of other recent economic data, is boosting hopes that the U.S. economy will achieve a “soft landing” next year rather than a widely feared recession. A so-called soft landing...
Stock market today: Wall Street rises ahead of Friday's jobs report to snap a 3-day losing streak
NEW YORK (AP) — Wall Street rose Thursday to snap its first three-day losing streak since Halloween. The S&P 500 climbed 36.25 points, or 0.8%, to 4,585.59. The Dow Jones Industrial Average added 62.95, or 0.2%, to 36,117.38, and the Nasdaq composite jumped 193.28, or 1.4%, to...
Inflation eased in 2023. That's giving investors hope for a gentler Federal Reserve next year
NEW YORK (AP) — Inflation gradually loosened its grip on Wall Street and the economy in 2023, raising hopes for a gentler Federal Reserve and solid gains for the market next year. Stocks rallied to their best month of the year in November as investors raised their bets that the Fed...
France will carry out 10,000 checks at restaurants, hotels before Paris Games to avoid price hikes
PARIS (AP) — French authorities will carry out checks at 10,000 hotels and restaurants across France ahead of the Paris Olympics next year in order to limit expected massive price hikes during the Games. Tourism minister Olivia Gregoire said Wednesday that all 1,600 hotels located...
Stock market today: Asian shares are mostly up as weak jobs data back hopes for an end to rate hikes
BANGKOK (AP) — Asian shares advanced on Wednesday after most stocks slipped on Wall Street following a mixed set of reports on the U.S. economy. Hong Kong's Hang Seng gained 0.5% to 16,413.96 while the Shanghai Composite edged 0.1% higher, to 2,968.75. The gains...
US job openings fall to lowest level since March 2021 as labor market cools
WASHINGTON (AP) — U.S. employers posted 8.7 million job openings in October, the fewest since March 2021, in a sign that hiring is cooling in the face of higher interest rates yet remains at a still-healthy pace. The Labor Department's report said Tuesday that openings were down...
Stock market today: Asian shares slip ahead of key US economic reports
TOKYO (AP) — Asian shares declined in cautious trading Tuesday ahead of some key reports this week on the U.S. job market that might provide insight into the Federal Reserve’s thinking about interest rates. U.S. futures slipped and oil prices were little changed. ...
