Latest Inflation News

Asian benchmarks mostly lower after tepid Wall St session

Jul. 06, 2022 02:34 AM EDT

TOKYO (AP) — Asian shares were mostly lower Wednesday after tepid trading on Wall Street amid worries about a global recession. Major benchmarks fell across Asia. Oil prices recouped some lost ground. Analysts said markets were focusing on a variety of risks, including inflation,...

Asian benchmarks mostly lower after tepid Wall St session

Jul. 06, 2022 00:29 AM EDT

TOKYO (AP) — Asian shares were mostly lower Wednesday after tepid trading on Wall Street amid worries about a global recession. Major benchmarks fell across Asia. Oil prices recouped some lost ground after plunging on Monday. Analysts said markets were focusing on a variety of...

Sri Lanka's crisis rings alarm for other troubled economies

Jul. 06, 2022 00:23 AM EDT

BANGKOK (AP) — Sri Lanka is desperate for help with weathering its worst crisis in recent memory. Its schools are closed for lack of fuel to get kids and teachers to classrooms. Its effort to arrange a bailout from the International Monetary Fund has been hindered by the severity of its financial...

West Coast dockworkers still talking after contract expires

Jul. 05, 2022 21:44 PM EDT

LOS ANGELES (AP) — A contract between shipping companies and 22,000 West Coast dockworkers expired over the weekend. But both sides continued to talk and said they want to avoid a strike that could savage an economy already stressed by soaring inflation and supply chain woes. The...

Biden to Ohio, spotlighting rescued pensions for millions

Jul. 05, 2022 17:20 PM EDT

WASHINGTON (AP) — Seeking to boost his standing with frustrated blue-collar voters, President Joe Biden on Wednesday will use the backdrop of a union training center in Cleveland to tell workers his policies will shore up troubled pension funding for millions now on the job or retired. ...

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

Jul. 05, 2022 09:25 AM EDT

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

Jul. 05, 2022 01:59 AM EDT

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

Jul. 05, 2022 00:46 AM EDT
CANBERRA, Australia (AP) — Australian central bank boosts rate for 3rd month in a row, countering inflation.

Asia shares rise on optimism about easing COVID restrictions

Jul. 05, 2022 00:24 AM EDT

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

Jul. 04, 2022 17:57 PM EDT

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. ...