Latest Inflation News

Asian shares rally after Wall Street logs rare winning week

Jun. 27, 2022 02:03 AM EDT

BANGKOK (AP) — Asian shares advanced Monday after Wall Street ended a rare winning week, capped by a 3.1% gain on Friday for the benchmark S&P 500. U.S. futures and oil prices also were higher. Optimism over China’s progress in controlling coronavirus outbreaks, as schools...

Home prices, General Mills earns, consumer spending

Jun. 27, 2022 00:12 AM EDT

A look at some of the key business events and economic indicators upcoming this week: HOME PRICE MONITOR A limited inventory of homes for sale coupled with strong demand has helped keep U.S. home prices climbing sharply. S&P’s CoreLogic...

Biden urges Western unity on Ukraine amid war fatigue

Jun. 26, 2022 16:41 PM EDT

ELMAU, Germany (AP) — President Joe Biden and Western allies opened a three-day summit in the Bavarian Alps on Sunday intent on keeping economic fallout from the war in Ukraine from fracturing the global coalition working to punish Russia’s aggression. Britain’s Boris Johnson warned the...

Did corporate greed fuel inflation? It's not biggest culprit

Jun. 26, 2022 09:27 AM EDT

WASHINGTON (AP) — Furious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits. Responding to that sentiment, the Democratic-led House of...

Biden's mission in Europe: Shore up alliance against Russia

Jun. 25, 2022 17:18 PM EDT

MUNICH (AP) — President Joe Biden is out to sustain the global alliance punishing Russia for its invasion of Ukraine as he embarks on a five-day trip to Europe as the 4-month-old war shows no sign of abating and its aftershocks to global food and energy supplies are deepening. ...

Here we go again: Strike snarls UK trains for a third day

Jun. 25, 2022 07:57 AM EDT

LONDON (AP) — Train stations were all but deserted across Britain on Saturday, as the third day of a national strike snarled the weekend plans of millions. Train companies said only a fifth of passenger services would run, as about 40,000 cleaners, signalers, maintenance workers...

Dems hope to harness outrage, sadness after abortion ruling

Jun. 25, 2022 07:36 AM EDT

YARDLEY, Pa. (AP) — The shock quickly turned to sadness for Victoria Lowe. The 37-year-old lawyer, working outside a cafe in suburban Bucks County, Pennsylvania, said she couldn't believe the Supreme Court stripped away the constitutional right to abortion that women have had her...

Inflation sparks global wave of protests for higher pay, aid

Jun. 25, 2022 03:33 AM EDT

Rising food costs. Soaring fuel bills. Wages that are not keeping pace. Inflation is plundering people's wallets, sparking a wave of protests and workers’ strikes around the world. This week alone saw protests by the political opposition in Pakistan, nurses in Zimbabwe, unionized...

Stocks rally, driving Wall Street to a rare winning week

Jun. 24, 2022 16:48 PM EDT

Stocks racked up more gains on Wall Street Friday, as the S&P 500 had its best day in two years and just its second winning week in the last 12 to provide a bit of relief from the market's brutal sell-off this year. The benchmark index rose 3.1%, with technology and banks leading...

Solidarity behind Ukraine's Russia fight atop summit agendas

Jun. 24, 2022 14:06 PM EDT

WASHINGTON (AP) — Back-to-back world leader summits in Europe opening this weekend will focus on uniting Western nations behind Ukraine in its fight against Russia's invasion and overcoming Turkey's opposition to NATO membership for Finland and Sweden. The Group of Seven leading...