TOKYO (AP) — Asian shares were mixed Friday after a sharp slide for Walmart helped pull Wall Street off record highs. In Japan, where investors were watching currency swings, the benchmark Nikkei 225 edged up 0.1% in morning trading to 38,719.34. A weak yen is a boon for some export-reliant manufacturers in Japan. In currency…
Stocks on Wall Street slumped at the start of trading on Wednesday, dragged lower by data that showed consumer prices rose more than expected in January, leaving the Federal Reserve little cause to lower interest rates again soon. The S&P 500 fell roughly 1 percent as trading got underway. The Nasdaq Composite index, which is…
WASHINGTON (AP) — President Donald Trump’s second week in office seemed to deliver a daily dose of shock therapy for the country. There were chaotic reminders of his first term. The White House found itself backtracking on its directive to freeze federal spending on grants and loans. And the Republican president indulged unsupported accusations after…
BANGKOK (AP) — Asian shares advanced early Monday after U.S. stock indexes rallied to close out their best week in two months, while U.S. futures and oil prices were little changed. Hong Kong’s Hang Seng jumped 2.3% to 20,041.09 after China’s central bank kept its key lending rates unchanged and the Shanghai Composite index was…
The Federal Reserve has withdrawn from a network of global financial regulators focused on climate risk days before President-elect Donald J. Trump returns to power. The central bank announced that it was formally joining the network in December 2020, shortly after President Biden was elected. The decision was met with praise from Democrats and skepticism…
The Federal Reserve and its chair, Jerome Powell , made it clear Wednesday that they will move slowly and carefully when it comes to future interest rates, prompting a major sell-off on Wall Street. Investors, though, shouldn’t get too nervous, as the central bank is merely responding to a strong economy and the elevated inflation…
Photo: Spencer Platt (Getty Images) In This Story The Christmas holiday is fast approaching, and the festive spirit is in full swing as people gear up for celebrations, shopping sprees, and family reunions. While only a few companies are set to release earnings reports this week, the stock market is bracing for a potentially pivotal…
NEW YORK (AP) — U.S. stock indexes rose to more records Wednesday after tech companies talked up how much of a boost they’re getting from the artificial-intelligence boom. The S&P 500 climbed 0.6% to add to what’s set to be one of its best years of the millennium. It’s the 56th time the index has…
WASHINGTON (AP) — Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled in recent months. According to the Federal Reserve’s preferred inflation gauge, consumer prices rose 2.3% in October from a year earlier, the Commerce Department said Wednesday. That is up from just 2.1%…
WASHINGTON (AP) — Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next. Powell, speaking in Dallas, said that inflation is edging…