Latest Inflation News
Asian stocks rise as anxiety over banks starts to fade
BEIJING (AP) — Asian stocks rose Wednesday as anxiety about the global financial system began to fade following three high-profile bank failures. Tokyo, Hong Kong and Sydney advanced. Shanghai followed Wall Street lower. Oil prices gained. Fears global banks might be...
Poll: Cut federal spending — but not big-ticket programs
WASHINGTON (AP) — In the federal budget standoff, the majority of U.S. adults are asking lawmakers to pull off the impossible: Cut the overall size of government, but also devote more money to the most popular and expensive programs. Six in 10 U.S. adults say the government spends...
Asian stocks mixed as anxiety over banks starts to fade
BEIJING (AP) — Asian stocks were mixed Wednesday as anxiety about the global financial system began to fade following three high-profile bank failures. Shanghai followed Wall Street lower. Tokyo and Hong Kong advanced. Oil prices gained. Fears that the global banking...
US consumer confidence ticks up in March
WASHINGTON (AP) — Consumer confidence inched up in March after two straight monthly declines, even as persistent inflation, bank collapses and anxiety over a possible recession weighed on American households. The Conference Board reported Tuesday that its consumer confidence index...
Push in states for $20 minimum wage as inflation persists
ALBANY, N.Y. (AP) — Just years after labor activists persuaded a handful of states to raise their minimum wage to $15 per hour, workers initially thrilled with the pay bump are finding their hard-won gains erased by inflation. New York City resident Anthony Rivera, 20, who sorts...
Kimberly Palmer: How to use a tax refund to fight inflation
If inflation has eaten away at your budget the way waves erode a beach, then your tax refund might just provide a much-needed protective barrier. As of March, prices are up 6% over the past 12 months, according to the most recent consumer price index. At the same time, just over half...
This week: Walgreens earnings, inflation and consumer data
A look at some of the key business events and economic indicators upcoming this week: WALGREENS Walgreen Boots Alliance posts its second-quarter earnings Tuesday before the bell. The Illinois-based health care retailer and pharmacy is forecast by Wall...
Bank failures and rescue test Yellen's decades of experience
WASHINGTON (AP) — Working against the clock to stop a developing banking crisis, Treasury Secretary Janet Yellen had until sunset on Sunday, March 12, to come up with a plan to calm the U.S. economy. She quickly turned to someone who had been through the fire before, and on a much...
Debt, expenses stress lower income households: AP-NORC poll
NEW YORK (AP) — Personal finances are a major source of stress for about half of the lower income households in the U.S., a new poll shows, illustrating the toll of high inflation and economic uncertainty on those who can least afford it. About half of U.S. adults in households...
Asian shares fall on banking turmoil, recession worries
BANGKOK (AP) — Shares fell Friday in Asia as worries over turmoil in the banking sector and recession risks overshadowed gains on Wall Street. Benchmarks declined in most major markets, while U.S. futures were higher. Oil prices fell. Investors are worried that more...
