Latest Financial markets News

Stocks sway on Wall Street, cool off after winning week

Jun. 27, 2022 14:41 PM EDT

Stocks swayed in afternoon trading on Wall Street Monday as the market cools off following a rare winning week. The S&P 500 edged down 0.2% as of 2:19 p.m. Eastern. The benchmark index has been shifting between small gains and losses throughout the day. The Dow Jones Industrial...

EXPLAINER: What's the impact of a Russian debt default?

Jun. 27, 2022 12:11 PM EDT

LONDON (AP) — Russia appeared to default on its foreign debt for the first time since the Bolshevik Revolution more than a century ago, further alienating the country from the global financial system following sanctions imposed over its war in Ukraine. Moscow owed $100 million in...

Oil price cap could strike Russia's war chest — if enforced

Jun. 27, 2022 11:55 AM EDT

GARMISCH-PARTENKIRCHEN, Germany (AP) — Leaders of the world’s biggest developed economies are weighing a cap on the price of Russian oil meant to strike at the main pillar of the Kremlin's finances following its invasion of Ukraine — and to limit the havoc that high energy prices are wreaking...

Sri Lanka sends 2 ministers to Russia for oil amid crisis

Jun. 27, 2022 11:48 AM EDT

COLOMBO, Sri Lanka (AP) — Sri Lanka is sending two government ministers to Russia to negotiate for fuel — one of the necessities nearly exhausted as a result of the Indian Ocean nation's economic collapse. The plan comes as Washington and its allies aim to cut off energy imports...

Death toll of children in Afghanistan quake rises to 155

Jun. 27, 2022 07:44 AM EDT

GAYAN, Afghanistan (AP) — The death toll of children in last week's devastating earthquake in southeastern Afghanistan has risen to at least 155, the United Nations said as the scope of the deadliest quake to hit the impoverished country in two decades comes into focus. The U.N.'s...

Home prices, General Mills earns, consumer spending

Jun. 27, 2022 00:12 AM EDT

A look at some of the key business events and economic indicators upcoming this week: HOME PRICE MONITOR A limited inventory of homes for sale coupled with strong demand has helped keep U.S. home prices climbing sharply. S&P’s CoreLogic...

Senior US officials visit Sri Lanka to help resolve crisis

Jun. 26, 2022 23:54 PM EDT

COLOMBO, Sri Lanka (AP) — Senior U.S. officials were in Sri Lanka seeking ways to help the island nation cope with an unprecedented economic crisis and severe shortages of essential supplies, as the energy minister warned that new fuel shipments would be delayed. The U.S. over the...

EXPLAINER: What's the impact of a Russian debt default?

Jun. 26, 2022 17:18 PM EDT

Russia is poised to default on its foreign debt for the first time since the 1917 Bolshevik Revolution, further alienating the country from the global financial system following sanctions imposed over its war in Ukraine. The country faces a Sunday night deadline to meet a 30-day...

Live updates | G-7 nations seek to counter Chinese influence

Jun. 26, 2022 15:28 PM EDT

ELMAU, Germany (AP) — The Latest on the G-7 summit, the annual meeting of the leading democratic economies, which this year is being held in Germany's Bavarian Alps: One Group of Seven family photo didn’t seem to be enough. After posing for a group shot earlier...

Gin distillery, Wonderbird Spirits, looks to expand

Jun. 26, 2022 01:05 AM EDT

TAYLOR, Miss. (AP) — A Taylor-based grain-to-glass gin distillery is in the beginning stages of expansion. The Lafayette County Board of Supervisors last week approved Wonderbird Spirits’ request for a conditional use permit for the expansion of its facility. ...