Latest Financial markets News

US futures slip as inflation, energy weigh on growth

Jul. 05, 2022 08:10 AM EDT

NEW YORK (AP) — Wall Street futures slipped Tuesday after the Independence Day holiday following declines in Europe and an upbeat session in Asia. Futures for the Dow Jones Industrials fell 0.6%, as did futures for the S&P 500. The war in Ukraine and its impact...

Asia shares rise on optimism about easing COVID restrictions

Jul. 05, 2022 00:24 AM EDT

TOKYO (AP) — Asian shares advanced Monday across the board as buying set in after the lull of a U.S. national holiday. Analysts said the optimism may be driven by expectations the U.S. may decide to cut Chinese tariffs, a welcome move that would also help tame inflation. ...

Argentina peso drops as left-leaning economy minister named

Jul. 04, 2022 17:57 PM EDT

BUENOS AIRES, Argentina (AP) — Argentina’s peso fell and stock prices dipped Monday after left-leaning Silvina Batakis was named economy minister following the surprise resignation of her more moderate predecessor over the weekend as the country struggles with economic woes. ...

World shares mostly higher ahead of July 4 holiday in US

Jul. 04, 2022 05:34 AM EDT

BANGKOK (AP) — World shares are mostly higher while U.S. futures fell ahead of the July 4 holiday in the U.S. Benchmarks rose in London, Paris, Frankfurt and Tokyo but fell in Hong Kong and Seoul. Last week was the fourth losing week in the last five for Wall Street as investors...

Data puts Turkey’s annual inflation at 78.6%, a 24-year high

Jul. 04, 2022 03:57 AM EDT

ISTANBUL (AP) — Annual inflation in Turkey hit 78.62% in June, the highest rate since 1998, according to official data released Monday. The Turkish Statistical Institute, or TurkStat, released the monthly figures as Turkey is experiencing a deepening cost-of-living crisis. Consumer...

Argentina has new economy minister after abrupt resignation

Jul. 03, 2022 22:43 PM EDT

BUENOS AIRES (AP) — Argentina got a new economy minister late Sunday, a day after the abrupt resignation of her predecessor shook the governing coalition at a time it was already facinga crisis of unity. Gabriela Cerruti, the presidency’s spokesperson, wrote on Twitter late...

With no fuel and no cash, Sri Lanka keeps schools closed

Jul. 03, 2022 20:32 PM EDT

COLOMBO, Sri Lanka (AP) — Cash-strapped Sri Lanka on Sunday extended school closures for one week because there isn't enough fuel for teachers and parents to get children to classrooms, and the energy minister appealed to the country's expatriates to send money home through banks to finance new...

Tea Room that vintage motorcycle club called home closes

Jul. 03, 2022 10:51 AM EDT

KNOXVILLE, Tenn. (AP) — Time Warp Tea Room on North Central Street closed its doors this past week after 20 years of business in Knoxville. Along with it, the Time Warp Vintage Motorcycle Club reached the end of an era, no longer able to call the Happy Holler hangout its home. ...

Pets are being given up as owners struggle to pay bills

Jul. 03, 2022 03:12 AM EDT

MELBOURNE, Fla. (AP) — Two German Shepherds were found all alone at Lori Wilson Dog Park in Cocoa Beach last month. They had been abandoned, and, apart from being a little dehydrated, were otherwise fine and good natured, but extremely stressed because their humans had deserted them. ...

Lafayette doctor uses oyster shells to create art

Jul. 03, 2022 01:06 AM EDT

LAFAYETTE, La. (AP) — Dr. Julie Broussard works 60 hours some weeks, going back to the hospital at night or on weekends when on-call, but other times, she can be found in a back room of her house, listening to showtunes and painting oyster shells. “I go to work a lot of days with...