Latest Financial markets News

Europe shares mixed after Asian decline on tech downturn

Aug. 09, 2022 05:25 AM EDT

TOKYO (AP) — European benchmarks were mixed Tuesday after gains in most Asian markets despite weakness in technology shares, including Japan’s SoftBank. Such worries are coming on top of concerns about inflation and what central banks might do to curb that trend. Higher interest...

Ex-Philippine leader and democracy defender Ramos is buried

Aug. 09, 2022 03:51 AM EDT

MANILA, Philippines (AP) — Former Philippine President Fidel Ramos was laid to rest in a state funeral Tuesday, hailed as an ex-general who backed and then helped oust a dictatorship and became a defender of democracy and a can-do reformist in his poverty-wracked Asian country. ...

Public sector strike cripples cash-strapped Lebanon

Aug. 09, 2022 02:58 AM EDT

BEIRUT (AP) — Tarek Younes was once solidly middle class and felt he helped contribute to society as an inspector in the Lebanese government’s consumer protection agency. But the country's economic free-fall has eroded his income and civic pride. In his desperation, Younes has...

Asian shares mostly decline on global technology downturn

Aug. 08, 2022 23:57 PM EDT

TOKYO (AP) — Asian shares mostly declined Tuesday amid a global fall in technology shares, including Japan's SoftBank, which has reported hefty losses caused by the market downturn. Such worries are coming on top of concerns about inflation and what central banks might do to curb...

How major US stock indexes fared Monday 8/08/2022

Aug. 08, 2022 16:24 PM EDT

Stocks closed flat on Wall Street as investors prepare for a busy week of updates on inflation. The S&P 500 gave up early gains and closed lower. The Dow Jones Industrial Average edged higher and the Nasdaq fell slightly. Small-company stocks outpaced the broader market in a...

Closing prices for crude oil, gold and other commodities

Aug. 08, 2022 15:25 PM EDT

Benchmark U.S. crude oil for September delivery rose $1.75 to $90.76 a barrel Monday. Brent crude for October delivery rose $1.73 to $96.65 a barrel. Wholesale gasoline for September delivery rose 3 cents to $2.89 a gallon. September heating oil fell 4 cents to $3.18 a gallon....

American Airlines CFO on fixing balance sheet after pandemic

Aug. 08, 2022 12:40 PM EDT

FORT WORTH, Texas (AP) — Derek Kerr might have the hardest job in the airline business. Kerr is the chief financial officer of American Airlines, and his task is to fix a balance sheet that has been battered by borrowing needed to survive the pandemic. American has...

Blinken says US is "equal partner" with African countries

Aug. 08, 2022 12:38 PM EDT

JOHANNESBURG (AP) — The United States sees Africa's 54 nations as “equal partners” in tackling global problems, U.S. Secretary of State Antony Blinken said in South Africa Monday. “Our strategy is rooted in the recognition that sub-Saharan Africa is a major geopolitical force...

Liz Weston: 3 ways to fight inflation and win the long game

Aug. 08, 2022 07:27 AM EDT

Inflation is scary. Groceries, gas, airfare, car purchases, utilities : In so many areas, your buying power is shrinking as prices continue to rise. Fear can make you want to do something — anything! — to fight back. Thankfully, many of the best moves to counteract inflation...

Asian stocks mixed after US job gain paves way for rate hike

Aug. 08, 2022 00:06 AM EDT

BEIJING (AP) — Asian stocks were mixed on Monday after strong U.S. jobs data cleared the way for more interest rate hikes and China reported its exports rose by double digits. Shanghai and Tokyo advanced while Hong Kong and Seoul retreated. Oil prices edged higher. ...