Stock market today: Wall Street drifts as Oracle soars and banks and oil slump

NEW YORK (AP) — U.S. stocks drifted to a mixed finish on Tuesday following several weeks of sharp swings. The S&P 500 rose 0.4% to pull within 3% of its record set in July. It flipped between small gains and losses through the day, but the moves were nothing like its careens...

Americans' inflation-adjusted incomes rebounded to pre-pandemic levels last year

WASHINGTON (AP) — The inflation-adjusted median income of U.S. households rebounded last year to roughly its 2019 level, overcoming the biggest price spike in four decades to restore most Americans' purchasing power. The proportion of Americans living in poverty also fell slightly...

Americans' inflation-adjusted incomes return to pre-pandemic peak, offsetting worst price spike in 4 decades

FACT FOCUS: A look at false and misleading claims as Trump and Harris meet for their first debate

Former President Donald Trump and Vice President Kamala Harris will meet face-to-face for the first time in a highly-anticipated debate Tuesday night. The two presidential candidates describe the state of the country in starkly different terms. Trump often paints a dark picture centered around...

China's August exports grow a robust 8.7%, beating forecasts while imports soften

HONG KONG (AP) — China’s exports grew for a fifth consecutive month, in a sign of growing demand abroad even as imports fell amid a slowing Chinese economy. Exports in August expanded by 8.7% to $308.65 billion compared to the same period last year, according to data released by...

Big Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital

Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection, as it contends with a pullback in consumer spending and soft sales. The Columbus, Ohio-based company plans to sell its assets and ongoing business operations to private equity firm Nexus Capital Management. ...

This week: Dave & Buster's, Kroger earnings; consumer prices report

A look at some of the key business events and economic indicators upcoming this week. DAVE & BUSTER'S On Tuesday, Dave & Buster's releases its second-quarter earnings report after the closing bell. Analysts forecast that the arcade and family...

Sluggish US jobs report clears the way for Federal Reserve to cut interest rates

WASHINGTON (AP) — Hiring by America’s employers picked up a bit in August from July’s tepid pace, and the unemployment rate dipped for the first time since March in a sign that the job market may be cooling but remains sturdy. Employers added a modest 142,000 jobs, up from a...

Trump suggests tariffs can help solve rising child care costs in a major economic speech

NEW YORK (AP) — Former President Donald Trump suggested to business leaders Thursday that his plans to increase tariffs on foreign imports would solve seemingly unrelated challenges such as the rising cost of child care in the U.S. The GOP presidential nominee promised to lead what...

CEOs of Albertsons and Kroger says shoppers would see lower prices after merger

PORTLAND, Ore. (AP) — The chief executive officers of Kroger and Albertsons insisted Wednesday — under questioning from the federal government — that merging would allow the two supermarket companies to lower prices and more effectively compete with retail giants like Walmart, Costco and...