Latest Inflation News

Robots and happy workers: Productivity surge helps explain US economy's surprising resilience

Feb. 21, 2024 07:47 AM EST

WASHINGTON (AP) — Trying to keep up with customer demand, Batesville Tool & Die began seeking 70 people to hire last year. It wasn't easy. Attracting factory workers to a community of 7,300 in the Indiana countryside was a tough sell, especially having to compete with big-name manufacturers...

Japan's exports surged nearly 12% in January in 2nd straight month of gains

Feb. 21, 2024 03:01 AM EST

TOKYO (AP) — Japan's exports surged a stronger than expected nearly 12% in January, helped by robust demand for vehicles, auto parts and machinery. That helped the nation’s trade deficit shrink to 1.76 trillion yen ($12 billion), or about half of what it was a year earlier. ...

Stock market today: Asian stocks mixed after Tech stocks pull Wall Street lower with focus on Nvidia

Feb. 20, 2024 23:06 PM EST

HONG KONG (AP) — Asian stocks were mixed Wednesday after technology stocks led Wall Street broadly lower on Tuesday, with investors waiting for chipmaker Nvidia's quarter earning report. The report, which will come out later in the day, will put stock markets in Hong Kong, China...

'Without us, you don’t eat': Greek farmers drive tractors to parliament to demand financial help

Feb. 20, 2024 21:56 PM EST

ATHENS, Greece (AP) — Scores of bright-colored tractors were parked outside Greece's parliament Tuesday, horns blaring, as thousands of farmers angry at high production costs shifted their protests to Athens. “Without us, you don’t eat," one banner said. Some farmers carried...

Walmart rips again in Q4 but as inflation retreats, so does customer spending per trip

Feb. 20, 2024 17:17 PM EST

NEW YORK (AP) — Walmart on Tuesday reported another quarter of strong results, as its low prices attracted shoppers looking for deals in an economically challenging environment marked by bouts of inflation. Yet inflation is fading, resulting in Walmart customers spending less per...

Home Depot's strong fourth quarter overshadowed by weakening sales and expectations for 2024

Feb. 20, 2024 07:42 AM EST

Home Depot's sales continued to fade during the fourth quarter as the country's largest home improvement retailer feels the impact of high mortgage rates and inflation on its customers. While quarterly results topped Wall Street expectations, the company's sales expectations for...

Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?

Feb. 17, 2024 01:11 AM EST

ABUJA, Nigeria (AP) — Nigerians are facing one of the West African nation’s worst economic crises in years triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low against the dollar. The situation has provoked anger and protests across...

Stock market today: Wall Street falls to a rare losing week but remains close to its record

Feb. 16, 2024 17:16 PM EST

NEW YORK (AP) — Stocks slipped Friday to send Wall Street to a rare losing week, just its second in the last 16. The S&P 500 fell 0.5% from its all-time high set a day earlier. The Dow Jones Industrial Average dropped 145 points, or 0.4%, and the Nasdaq composite sank 0.8%. ...

How major US stock indexes fared Friday, 2/16/2024

Feb. 16, 2024 16:31 PM EST

Stocks slipped to send Wall Street to a rare losing week, just its second in the last 16. The S&P 500 fell 0.5% Friday after a report on inflation at the wholesale level came in hotter than expected. The benchmark index set a record high a day earlier. The Dow Jones Industrial...

DoorDash, Treehouse Foods fall; Trade Desk, Toast rise, Friday, 2/16/2024

Feb. 16, 2024 16:17 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Friday: Applied Materials Inc., up $11.91 to $199.57. The maker of chipmaking equipment gave investors a strong earnings forecast for the current quarter. DoorDash Inc.,...