Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts

FRANKFURT, Germany (AP) — Inflation in the 20-nation eurozone crept lower to 2.5% in June, but remained stuck above the level favored by the European Central Bank, which is in no hurry to add more rate cuts after a first tentative reduction in its benchmark rate. The figure...

Inflation falls slightly to 2.5% in Europe in June, remains stuck above levels favored by central bank

Japan revises economic growth in 1Q downward, as latest data show sluggish demand and rising prices

BANGKOK (AP) — Japan revised its earlier estimates to show that its economy contracted at a 2.9% annual pace in the first quarter of the year, as meanwhile a survey by the central bank released Monday showed conditions remain sluggish. Analysts had expected the downward revision...

Warren Buffett donates again to the Gates Foundation but will cut the charity off after his death

OMAHA, Neb. (AP) — Investor Warren Buffett announced another $5.3 billion in charitable gifts Friday, but in a major shift of his longtime giving plan he said he plans to cut off donations to the Bill & Melinda Gates Foundation after his death and let his three children decide how to...

The Czech central bank again cuts a key interest rate as inflation stays low and economy recovers

PRAGUE (AP) — The Czech Republic’s central bank on Thursday cut its key interest rate for the fifth time in a row as inflation remains low and the economy is showing signs of recovery. The cut, which had been predicted by analysts, brought the interest rate down by a...

Southwest Airlines says a key measure of pricing power will be weaker than expected in 2Q

DALLAS (AP) — Southwest Airlines, already under pressure from a hedge fund for disappointing financial results, said Wednesday that a key revenue ratio will be weaker than expected because of changes in how consumers book travel. The airline said it still expects second-quarter...

Robinhood CEO discusses the brokerage's evolution leading up to another ride on the meme stock wave

SAN FRANCISCO (AP) — Meme stocks like GameStop are hot again, reviving memories of early 2021 when they turned into a craze that ended up burning many investors along with Robinhood Markets. The online brokerage was especially popular among younger generations helped propel the meme stock boom...

Rebuilding Paradise: Nonprofit's $500 'defensible space' grants help cut residents' insurance costs

PARADISE, Calif. (AP) — The letter from the insurance company arrived just before Brian and Morgan Gobba finally finished construction on their new house: Their homeowner’s policy was being canceled. The Gobbas were among the first families to return to Paradise after the 2018...

Bank of England keeps main interest rate at 16-year high of 5.25% despite inflation fall

LONDON (AP) — The Bank of England on Thursday kept its main interest rate at a 16-year high of 5.25% even though inflation has fallen to its target of 2%, with several policymakers warning that a premature cut could stoke another bout of price rises. For the second meeting in a...

Swiss central bank cuts its main interest rate by 1/4 point, citing easing inflationary pressures

GENEVA (AP) — The Swiss National Bank said Thursday it has lowered its main policy rate by a quarter of a percentage point, citing a drop in “underlying inflationary pressure” despite an uptick in some costs like rents, tourism services and oil products. The central bank...