Asian shares slide as Chinese growth data disappoints

Asian shares were mostly lower on Monday after China reported its economy grew at a meager 4.9% annual pace in July-September. The Shanghai Composite index lost 0.4% to 3,559.96 while the Hang Seng in Hong Kong declined 0.4% to 25,246.38. Chinese...

Stocks end higher, giving S&P 500 its best week since July

Wall Street added to its recent gains Friday as stocks closed higher, driving the S&P 500 to its best week since July. The S&P 500 rose 0.7% for its third straight gain and ended the week 1.8% higher. The Dow Jones Industrial Average rose 1.1% and the Nasdaq...

Retail sales climb despite rising prices, supply issues

NEW YORK (AP) — Americans continued to spend at a solid clip in September even while facing sticker shock in grocery aisles, car lots and restaurants as snarled global supply chains slow the flow of goods. Retail sales rose a seasonally adjusted 0.7% in September from...

Dutch government to lower energy taxes amid surge in prices

THE HAGUE, Netherlands (AP) — The Dutch government is planning a multibillion euro package to help households cope with soaring energy bills, a minister said Friday. The Netherlands is the latest European nation to seek to deal with the effects of surging prices for electricity and gas. ...

Retail sales rise 0.7% in September despite higher prices and supply chain snarls that have slowed the flow of goods

Asian shares rise after technology-powered rally on Wall St

Asian shares were higher Friday after technology companies powered the biggest gain on Wall Street since March. All major regional indexes advanced, with Tokyo gaining 1.4%. Taiwan shares jumped 2.2% on news that computer chip maker TSMC upgraded...

US average mortgage rates jump; 30-year loan at 3.05%

WASHINGTON (AP) — Average long-term mortgage rates jumped this week, with the benchmark 30-year loan again breaching 3%. Mortgage buyer Freddie Mac reported Thursday that the average rate for a 30-year mortgage rose to 3.05% from 2.99% last week. That is its highest...

IMF warns economy recovery threatened by virus, inflation

WASHINGTON (AP) — The International Monetary Fund is warning of rising threats to the global economic recovery posed by the ongoing coronavirus pandemic and an outbreak of inflation. The lending agency called Thursday for greater efforts from wealthy nations to boost...

US wholesale prices rose record 8.6% over 12 months

WASHINGTON (AP) — Inflation at the wholesale level rose 8.6% in September compared to a year ago, the largest advance since the 12-month change was first calculated in 2010. The Labor Department reported Thursday that the monthly increase in its producer price index,...

‘Make-or-break quarter’ on Wall Street as earnings roll in

NEW YORK (AP) — Crunch time is coming to Wall Street. Throughout this gilded year for investors, growth has kept accelerating for all kinds of forces that boost stock prices, sending the S&P 500 to more than 40 records. Now, though, investors are preparing for life...