Latest Prices News

Markets shake off doldrums as traders get back to buying

May. 17, 2022 16:12 PM EDT

NEW YORK (AP) — Stocks rose steadily throughout the day and ended with broad gains as traders got back to buying again after a mostly miserable few weeks on Wall Street. Tech giants like Apple and Microsoft were among the biggest winners, and video game maker Take-Two Interactive jumped after...

Powell: Fed to keep hiking rates until it controls inflation

May. 17, 2022 15:48 PM EDT

WASHINGTON (AP) — Chair Jerome Powell on Tuesday underscored the Federal Reserve's determination to keep raising interest rates until there is clear evidence inflation is steadily falling — a high-stakes effort that carries the risk of causing an eventual recession. The Fed's...

Editorial Roundup: United States

May. 17, 2022 15:42 PM EDT

Excerpts from recent editorials in the United States and abroad: May 15 The Washington Post says that, with midterms coming up, Democrats must act now to have a big impact on financial regulation President Biden likes to tout his role as “Sheriff...

Walmart Q1 profit dragged down as inflation takes a bite

May. 17, 2022 11:20 AM EDT

NEW YORK (AP) — Walmart reported stronger sales for its fiscal first quarter, but its profit took a beating as the nation's largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain. The company also on Tuesday cut its...

Retail sales rise 0.9% in April as consumers show resilience

May. 17, 2022 11:13 AM EDT

WASHINGTON (AP) — U.S. retail sales rose 0.9% in April, a solid increase that underscores Americans' ability to keep ramping up spending even as inflation persists at nearly a 40-year high. The increase was driven by greater sales of cars, electronics, and at restaurants, the...

Conspiracy theorists flock to bird flu, spreading falsehoods

May. 17, 2022 10:26 AM EDT

Brad Moline, a fourth-generation Iowa turkey farmer, saw this happen before. In 2015, a virulent avian flu outbreak nearly wiped out his flock. Barns once filled with chattering birds were suddenly silent. Employees were anguished by having to kill sickened animals. The family...

US retail sales rise 0.9% in April in sign of consumer resilience amid high inflation

May. 17, 2022 08:38 AM EDT
WASHINGTON (AP) — US retail sales rise 0.9% in April in sign of consumer resilience amid high inflation.

Asian shares advance despite losses on Wall Street

May. 16, 2022 23:59 PM EDT

Shares advanced in Asia on Tuesday after another wobbly day on Wall Street extended a losing streak for markets. Hong Kong advanced nearly 2.5% and other regional benchmarks were moderately higher. Oil prices slipped. Signs of progress in China's effort to bring...

A Bezos-Biden squabble: Can corporate taxes tame inflation?

May. 16, 2022 16:05 PM EDT

WASHINGTON (AP) — Jeff Bezos this weekend became the latest centibillionaire to launch a political fight on Twitter by denouncing a tweet from President Joe Biden about corporate taxes as “disinformation” and "misdirection." The White House quickly retorted Monday that Bezos...

Bank of England governor rejects criticism on inflation

May. 16, 2022 15:09 PM EDT

LONDON (AP) — Bank of England Gov. Andrew Bailey on Monday rejected criticism that the institution didn’t move quickly enough to quash inflationary pressures, telling a parliamentary committee that monetary policymakers weren’t able to predict wars. Bailey has come under sharp...