Latest Inflation News

The RNC's first day will still focus on the economy. Here's what to know about Trump's plans

Jul. 15, 2024 00:09 AM EDT

WASHINGTON (AP) — Donald Trump goes into the Republican National Convention with bold promises about the U.S. economy, but he has sketched out notably few details about how his plans would actually work. The convention's first day is still expected to focus on the economy even...

Stock market today: Asian shares are mixed as China reports its economy grew 4.7% in last quarter

Jul. 15, 2024 00:04 AM EDT

Asian shares began the week trading mixed as China reported that its economy expanded at a slower-than-forecast 4.7% annual pace in the last quarter. Markets seemed to take in stride a shooting at a rally for former President Donald Trumpin Butler, Pennsylvania that is being...

Amazon Prime Day deals are almost here. Should you take advantage of them?

Jul. 14, 2024 12:15 PM EDT

NEW YORK (AP) — It's summertime, and the bargains seem easy at a time when many consumer prices are high. July sales events have become a seasonal revenue driver for the retail industry since Amazon launched its first Prime Day back in 2015. While consumers may be enticed by the...

Argentina's inflation edges up in June, breaking a months-long streak in a blow to President Milei

Jul. 12, 2024 22:17 PM EDT

BUENOS AIRES, Argentina (AP) — A closely watched measure of inflation in Argentina was stronger than the libertarian government of President Javier Milei would have hoped on Friday, as the official statistics agency reported prices edging up in June and breaking a months-long streak of declines....

Stock market today: Wall Street rolls to the edge of records as hopes remain for cuts to rates

Jul. 12, 2024 17:05 PM EDT

NEW YORK (AP) — U.S. stocks rose Friday after some mixed signals on big banks' profits and inflation did little to dent Wall Street's belief that easier interest rates are on the way. The S&P 500 climbed 0.6% to close its fifth winning week in the last six. The Dow Jones...

How major US stock indexes fared Friday, 7/12/2024

Jul. 12, 2024 16:15 PM EDT

U.S. stocks ended higher after some mixed signals on big banks’ profits and inflation did little to dent Wall Street’s belief that easier interest rates are on the way. The S&P 500 rose 0.6% Friday in a widespread rally, closing its fifth winning week in the last six. The Dow...

Big bank quarterly results show signs of consumers slowing down spending

Jul. 12, 2024 11:23 AM EDT

NEW YORK (AP) — Signs of consumers slowing down their spending and falling behind on their bills weighed down shares of the big banks on Friday. JPMorgan Chase and Wells Fargo saw their adjusted profits fall, while Citigroup saw sluggish spending on its credit cards. The major...

US wholesale inflation picked up in June in sign that some price pressures remain elevated

Jul. 12, 2024 10:22 AM EDT

WASHINGTON (AP) — Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, a sign that some inflation pressures remain high. The increase, the sharpest year-over-year increase since March 2023, comes at a time when other price...

US wholesale inflation picked up in June in sign that some price pressures remain elevated

Jul. 12, 2024 08:36 AM EDT
WASHINGTON (AP) — US wholesale inflation picked up in June in sign that some price pressures remain elevated.

Stock market today: Asian stocks mixed amid volatile yen after Wall St climbs on inflation report

Jul. 12, 2024 03:07 AM EDT

HONG KONG (AP) — Asian stocks were mixed Friday with the yen moved between gains and losses after the latest update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September. U.S. futures were mixed and oil prices rose. ...