Latest Inflation News
Some older Americans splurge to keep homes accessible while others struggle to make safety upgrades
NEW YORK (AP) — Brenda Edwards considers the four bedroom ranch-style house where she has lived for 20 years her forever home. It's where the 70-year-old retired nurse and her 79-year-old husband want to stay as their mobility becomes more limited. So she hired an interior...
Stock market today: Wall Street coasts to the finish line of another winning week
NEW YORK (AP) — U.S. stocks coasted to the close of another winning week on Friday. The S&P 500 rose 8.60 points, or 0.2%, to 5,222.68 to finish a third straight winning week following its mostly miserable April. It had been on pace for a bigger gain in the morning, but that...
US consumer sentiment drops to 6-month low on inflation, unemployment fears
WASHINGTON (AP) — U.S. consumer sentiment fell sharply in May to the lowest level in six months as Americans cited stubbornly high inflation and interest rates, as well as fears that unemployment could rise. The University of Michigan’s consumer sentiment index, released Friday...
Biden White House highlights a coming showdown with GOP over 2017 tax cuts that are due to expire
WASHINGTON (AP) — The winner of November's presidential election will face an epic challenge next year with the coming expiration of nearly $4 trillion in tax cuts — an issue that the Biden White House is highlighting in the runup to November. Lael Brainard, director of the...
Spending on home renovations slows, but high remodeling costs mean little relief in sight for buyers
LOS ANGELES (AP) — Homeowners have been spending more on home renovations in recent years, as high interest rates and stubbornly high inflation drove up costs for everything from flooring to refrigerators. The home improvement spree got particularly heated early in the pandemic,...
Stock market today: Asian shares are mixed after Wall St rally takes S&P 500 near record
TOKYO (AP) — Stocks in Asia were mixed Friday after a rally on Wall Street that pulled the S&P 500 back within 1% of its record. Benchmarks fell in Tokyo, Sydney and Seoul but rose in China, where investors were focused on the release of April inflation figures. ...
Afya: Q1 Earnings Snapshot
NOVA LIMA, Brazil (AP) — NOVA LIMA, Brazil (AP) — Afya Ltd. (AFYA) on Thursday reported first-quarter net income of $41.1 million. On a per-share basis, the Nova Lima, Brazil-based company said it had net income of 45 cents. Earnings, adjusted for amortization costs and stock...
As electricity demand increases, California regulators OK change to how power bills are calculated
SACRAMENTO, Calif. (AP) — California regulators on Thursday voted to make it cheaper for people to charge electric cars and cool their homes in the summer, a decision heralded as part of the state's transition to clean energy but derided by others who warn it will raise prices for people who...
Despite numbers showing a healthy economy overall, lower-income spenders are showing the strain
NEW YORK (AP) — Cracks are showing in one of the main pillars keeping the economy out of a recession: resilient spending by U.S. households. Consumer goods giants from PepsiCo to Kraft Heinz have described recently how the combination of high inflation and higher interest rates is...
Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation
LONDON (AP) — The Bank of England maintained its key U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target. In a statement Thursday, the bank’s nine-member...
