Latest Inflation News

Wall Street ending flat as investors await inflation updates

Aug. 08, 2022 16:40 PM EDT

Major stock indexes on Wall Street gave up early gains and ended a choppy day of trading little changed Monday. The S&P 500 and Nasdaq each slipped 0.1% after shedding gains of 1% and 1.6%, respectively. The Dow Jones Industrial Average closed 0.1% higher. ...

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...

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...

Japan tech giant SoftBank posts $23 billion quarterly loss

Aug. 08, 2022 04:47 AM EDT

TOKYO (AP) — Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates. SoftBank Group Corp.’s loss of 3.16 trillion yen was a reversal from its 762...

Productivity, consumer prices, Cardinal Health earns

Aug. 08, 2022 03:11 AM EDT

A look at some of the key business events and economic indicators upcoming this week: ECONOMIC BELLWETHER Economists project that U.S. worker productivity fell in the April-June period for the second consecutive quarter. The Labor Department is expected...

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. ...

Senate Democrats pass budget package, a victory for Biden

Aug. 07, 2022 18:48 PM EDT

WASHINGTON (AP) — Democrats pushed their election-year economic package to Senate passage Sunday, a hard-fought compromise less ambitious than President Joe Biden’s original domestic vision but one that still meets deep-rooted party goals of slowing global warming, moderating pharmaceutical...

What's in Democrats' big bill? Climate, health care, savings

Aug. 07, 2022 18:45 PM EDT

WASHINGTON (AP) — Not as robust as the proposal President Joe Biden once envisioned to rebuild America's public infrastructure and family support systems, the Democrats' compromise of health care, climate change and deficit-reduction strategies is still a substantial undertaking. ...

Dems' climate, energy, tax bill clears initial Senate hurdle

Aug. 07, 2022 01:27 AM EDT

WASHINGTON (AP) — Democrats pushed their election-year economic bill toward Senate approval early Sunday, starting the sprawling collection of President Joe Biden’s priorities on climate, energy, health and taxes on a pathway that the party hopes will end in final congressional passage by the...

Buffett's firm reports $44B loss but its businesses thrive

Aug. 06, 2022 14:33 PM EDT

OMAHA, Neb. (AP) — Warren Buffett’s company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted, but Berkshire Hathaway’s many operating companies generally performed well suggesting the overall economy is weathering the pressure from inflation...