Latest Inflation News

Stocks fall on Wall Street, giving back some recent gains

Feb. 08, 2023 16:35 PM EST

NEW YORK (AP) — Stocks fell on Wall Street Wednesday, giving back some of their recent gains as uncertainty about interest rates and inflation continues to reign. Investors also reviewed another set of mixed earnings reports from big companies. The latest round of financial results...

Shipper Maersk reports most profitable year, warns of drop

Feb. 08, 2023 07:43 AM EST

COPENHAGEN, Denmark (AP) — The world’s biggest shipper, Denmark’s A.P. Moeller-Maersk, said Wednesday that 2022 was its most profitable year in “the history of the company” but warned that a plunge in container volumes and freight rates would lead to a drop in earnings this year. ...

Asian shares mixed after Wall St gains on Fed chair comments

Feb. 07, 2023 22:52 PM EST

BANGKOK (AP) — Shares were mixed in Asia on Wednesday after stocks rallied on Wall Street following comments by the chair of the Federal Reserve signaling that last week’s stunningly strong jobs report won’t by itself sway its stance on interest rates hikes. Hong Kong, Sydney...

Fed's Powell: Strong hiring could force further rate hikes

Feb. 07, 2023 18:04 PM EST

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that if the U.S. job market further strengthens in the coming months or inflation readings accelerate, the Fed might have to raise its benchmark interest rate higher than it now projects. Powell's remarks followed...

Australia lifts cash rate to 3.35% with 9th rate hike

Feb. 07, 2023 00:03 AM EST

CANBERRA, Australia (AP) — Australia's central bank on Tuesday lifted its benchmark interest rate for a ninth consecutive time to 3.35% as it battles inflation that rose to 7.8% in the latest quarter. The Reserve Bank of Australia’s decision to increase its cash rate by 0.25 of a...

Asian stocks rebound after Wall St sinks on rate fears

Feb. 06, 2023 22:56 PM EST

BEIJING (AP) — Asian stock markets rebounded Tuesday after Wall Street sank under pressure from worries about higher interest rates and after Japan reported stronger wage gains than expected. Shanghai, Tokyo, Hong Kong and Seoul advanced. Oil prices rose. Wall Street...

A-Mark: Fiscal Q2 Earnings Snapshot

Feb. 06, 2023 16:40 PM EST

EL SEGUNDO, Calif. (AP) — EL SEGUNDO, Calif. (AP) — A-Mark Precious Metals Inc. (AMRK) on Monday reported fiscal second-quarter net income of $33.5 million. The El Segundo, California-based company said it had profit of $1.35 per share. Earnings, adjusted for non-recurring costs,...

Liz Weston: ‘Bridge’ your way to Social Security

Feb. 06, 2023 09:41 AM EST

Delaying the start of Social Security benefits is a powerful way for retirees to cope with inflation, survive bad investment markets and reduce the risk they’ll run short of money. The advantages of waiting are so great that financial planners often recommend their clients tap other savings, such...

Asian stocks sink after US jobs data fan rate hike fears

Feb. 05, 2023 23:29 PM EST

BEIJING (AP) — Asian stock markets sank Monday after strong U.S. jobs data fanned fears of more interest rate hikes to cool inflation. Shanghai, Hong Kong and Seoul retreated. Tokyo gained. Oil prices edged higher. Wall Street wilted Friday after official data showed...

State of the Union: Biden sees economic glow, GOP sees gloom

Feb. 04, 2023 11:56 AM EST

WASHINGTON (AP) — Going into Tuesday's State of the Union address, President Joe Biden sees a nation with its future aglow. Republicans take a far bleaker view — that the country is beset by crushing debt and that Biden is largely responsible for inflation. And the GOP now holds...