US futures slip as inflation, energy weigh on growth

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...

Millennial Money: What if you can’t ‘out-budget’ inflation?

Inflation is a nightmare for the many Americans who already stretch their dollars to cover basic needs. What happens when those dollars lose value? Their choice is probably not about whether to cut streaming services or opt for store-brand groceries. Instead, they may have to pick...

Australian central bank boosts rate for 3rd month in a row

CANBERRA, Australia (AP) — Australia’s central bank on Tuesday lifted its benchmark interest rate for a third time in three straight months, changing the cash rate to 1.35% from 0.85%. The Reserve Bank of Australia’s half a percentage point rise was the same size as its June...

Australian central bank boosts rate for 3rd month in a row, countering inflation

Asia shares rise on optimism about easing COVID restrictions

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

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. ...

Germany records 1st export deficit in over 30 years

BERLIN (AP) — Germany recorded its first monthly trade deficit since 1991 in May as a result of higher import prices, figures released Monday show. The Federal Statistical Office said exports reached 125.8 billion euros ($131.5 billion) last month, while imports came in at 126.7...

Add rent to the rising costs bedeviling small businesses

NEW YORK (AP) — The rent has come due for America’s small businesses and at a very inopportune time. Landlords were lenient about rent payments during the first two years of the pandemic. Now, many are asking for back rent, and some are raising the current rent as well....

German leader gathers employers, unions to tackle inflation

BERLIN (AP) — German Chancellor Olaf Scholz gathered top employer and labor union representatives at his Berlin office on Monday to seek ways of addressing the impact of rising prices while preventing a spiral of inflation in Europe's biggest economy. The government billed Monday's...

World shares mostly higher ahead of July 4 holiday in US

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...