Some OPEC+ members will cut the oil that they send to the world to try to boost prices

LONDON (AP) — The OPEC oil cartel led by Saudi Arabia and allied producers including Russia made another big swipe at propping up lagging crude prices Thursday, expanding some output cuts into next year and bringing up-and-coming oil supplier Brazil into the fold. Lower oil prices...

Stock market today: Wall Street drifts but remains on track for big gains in November

Stocks are drifting in afternoon trading on Wall Street Thursday but remain on track for their best monthly gain in more than a year. The S&P 500 was up by less than 0.1% after veering between small gains and losses. The benchmark index remains up more than 8% in November. The...

Federal Reserve's preferred inflation gauge shows price pressures continuing to cool

WASHINGTON (AP) — The Federal Reserve's preferred inflation measure cooled last month, the latest sign that price pressures are waning in the face of high interest rates and moderating economic growth. Thursday’s report from the Commerce Department said prices were unchanged...

Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled

LONDON (AP) — Europeans again saw some relief as inflation dropped more than expected to 2.4% in November, the lowest in over two years, as plummeting energy costs have eased a cost-of-living crisis but higher interest rates squeeze the economy's ability to grow. Inflation for the...

An inflation gauge closely tracked by the Federal Reserve shows price pressures continue to cool

Inflation falls to 2.4% in November in the 20 countries using the euro currency, offering some relief to Europeans

Stock market today: Asian shares mostly higher ahead of US price update, OPEC+ meeting

BANGKOK (AP) — Asian shares were mostly higher Thursday ahead of an update on U.S. consumer inflation and a meeting of oil producers in Vienna. Benchmarks rose in Hong Kong, Tokyo and Shanghai. They fell in Seoul and Bangkok. U.S. futures rose while oil prices slipped. ...

Maine residents, who pay some of the nation's highest energy costs, to get some relief next year

PORTLAND, Maine (AP) — Electricity rates are set to drop in Maine, which historically has had some of the nation's highest energy costs. Next year's standard offer rates will drop 35% for Central Maine Power customers and 24% for Versant Power customers, the Maine Public Utilities...

Argentina's libertarian president-elect picks a former Central Bank chief as his economy minister

BUENOS AIRES, Argentina (AP) — Argentina’s president-elect, Javier Milei, announced Wednesday he has chosen Luis Caputo, a former finance minister and Central Bank chief known as an expert in markets, to lead the Economy Ministry when the right-wing leader takes office on Dec. 10. ...

As Airbnb falters, hostels seek to compete

Once a niche market for frugal, globetrotting young people, hostels are becoming a popular form of alternative lodging. No longer just rows of bunk beds, some hostels now offer private rooms and amenities like rooftop pools and spas. Take the Selina Boquete hostel in Panama. Guests...