Latest Inflation News

Stocks close higher with help from tech, still down for week

May. 14, 2021 16:50 PM EDT

Stocks marched solidly higher again Friday, though the major indexes still ended with their worst weekly loss since February after a sharp pullback earlier in the week. The S&P 500 rose 1.5%, its second straight gain. The gains were broad, though technology sector...

Asian stocks climb after Wall Street rebound led by Big Tech

May. 13, 2021 23:53 PM EDT

BANGKOK (AP) — Asian shares rose Friday after Wall Street put the brakes on a three-day losing streak with a broad stock market rally powered by Big Tech companies and banks. Shares in big semiconductor manufacturers led the advance in Asia, where almost all markets...

Desperate for workers, US restaurants and stores raise pay

May. 13, 2021 16:10 PM EDT

WASHINGTON (AP) — U.S. restaurants and stores are rapidly raising pay in an urgent effort to attract more applicants and keep up with a flood of customers as the pandemic eases. McDonald's, Sheetz and Chipotle are just some of the latest...

Big 0.6% April wholesale price jump catches many off guard

May. 13, 2021 11:03 AM EDT

WASHINGTON (AP) — Wholesale prices, driven by escalating costs for services and food, jumped 0.6% in April, surprising economists and providing more evidence that inflation pressures are starting to mount with the country emerging from a recession brought on by the pandemic. ...

Stocks open higher on Wall Street as Big Tech regains ground

May. 13, 2021 09:48 AM EDT

Stocks are opening higher on Wall Street following three days of losses and the biggest one-day drop in the S&P 500 since February. Big Tech companies like Apple and Microsoft, which had posted some of the bigger losses this week, were rising in the early going Thursday. the S&P 500...

Consumer prices shot up 0.8% in April as worries escalate

May. 12, 2021 18:35 PM EDT

WASHINGTON (AP) — A worrisome bout of inflation struck the U.S. economy in April, with consumer prices for goods and services surging 0.8% — the largest monthly jump in more than a decade — and the year-over-year increase reaching its fastest rate since 2008. The...

How major US stock indexes fared Wednesday

May. 12, 2021 16:46 PM EDT

Stocks pulled back again on Wall Street Wednesday after a surprisingly big jump in inflation last month worsened worries among investors that the economy may run too hot as it bounces back from its pandemic-induced recession. Tech giants, which had soared during the past...

Stocks sink again as inflation worries mount, putting US indexes on track for their biggest weekly losses since October

May. 12, 2021 16:22 PM EDT
NEW YORK (AP) — Stocks sink again as inflation worries mount, putting US indexes on track for their biggest weekly losses since October.

Rising commodities costs hit Americans at home and on road

May. 12, 2021 14:00 PM EDT

NEW YORK (AP) — Rising prices for a variety of commodities are contributing to a jump in prices at the consumer level, with Americans paying more for meat, gasoline, items they keep in their homes and even the homes themselves. The government said Wednesday that...

EXPLAINER: Why are fears of high inflation getting worse?

May. 12, 2021 12:14 PM EDT

WASHINGTON (AP) — Gas prices are rising. Auto prices are soaring. Consumer goods companies are charging more for household basics like toilet paper, peanut butter and soft drinks. All of which is resurrecting fears of an economic threat that has all but disappeared over...