Stock market today: Meta climbs and Microsoft falls as most stocks rise on Wall Street

NEW YORK (AP) — Meta Platforms and most other U.S. stocks are rising Thursday following a rush of profit reports from some of the country’s most influential companies, but drops for Nvidia and Microsoft are keeping the market in check. The S&P 500 was up 0.3% in afternoon...

U.S. economy grows solid 2.3% in October-December on eve of Trump return to White House, 2.8% in '24

WASHINGTON (AP) — A humming American economy ended 2024 on a solid note with consumer spending continuing to drive growth, and ahead of what could be a significant change in direction under a Trump administration. The Commerce Department reported Thursday that gross domestic...

European Central bank cuts benchmark rate by a quarter percentage point to boost stagnant economy

FRANKFURT, Germany (AP) — The European Central Bank cut its key interest rate on Thursday to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to navigate political turmoil in leading economies France and Germany. ...

European Central Bank cuts benchmark interest rate by a quarter percentage point to boost stagnating economy

Europe's economy stagnated with zero growth in last quarter of 2024 as eurozone's biggest economy Germany struggled

Norfolk Southern CEO optimistic about 2025 after solid fourth quarter

Norfolk Southern's solid fourth quarter — combined with the optimism the railroad is hearing from their customers and support they're getting from Washington D.C. — has the CEO feeling optimistic about 2025. The railroad, based in Atlanta, earned $733 million, or $3.23 per share,...

Fed hold rates steady, sees inflation as 'elevated,' as Powell declines comment on Trump

WASHINGTON (AP) — The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue. ...

Germany's government slashes its economic growth forecast for this year to 0.3%

BERLIN (AP) — The German government on Wednesday slashed its 2025 growth forecast for the country's economy, Europe's biggest, to just 0.3% after it shrank for two consecutive years. The new projection is much lower than the government's previous forecast of 1.1% growth, issued in...

Federal Reserve expected to stand pat on rates even as Trump demands cuts

WASHINGTON (AP) — The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates. Fed officials, led by Chair Jerome Powell, have cut their rate for...

Trump says inflation isn't his No. 1 issue. So what will happen to consumer prices?

WASHINGTON (AP) — Two months ago, in his first network television interview after the election, Donald Trump said he owed his victory to Americans' anger over immigration and inflation, specifically the rising cost of groceries. “When you buy apples, when you buy bacon, when you...