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News
Wall Street week ahead: Federal Reserve decision on interest rates, retail sales update
14+ hour, 49+ min ago (260+ words) NEW YORK – The Federal Reserve and its interest rate policy will be the main focus for Wall Street this week. The central bank will close out its two-day meeting on Wednesday and could raise its benchmark interest rate in an…...
European Central Bank raises interest rates a quarter point to quell energy-fueled inflation
2+ day, 20+ hour ago (242+ words) FRANKFURT – The European Central Bank raised interest rates Thursday to cool inflation that is being fed by high oil prices from the Iran war. The decision was supported by a stronger-than-expected economy that suggests businesses can weather the higher borrowing…...
Asian shares are mixed as Brent crude approaches $100 a barrel
4+ day, 1+ hour ago (427+ words) TOKYO – Asian shares were mixed in cautious trading Wednesday as investors watched for what might happen on interest rates and the war with Iran pushed oil prices higher. Japan's benchmark Nikkei 225 lost 0.2% to 65,142.78, while South Korea's Kospi gained 1.4% to 7,051.64. In…...
Oil prices keep rising and weigh on Wall Street
4+ day, 18+ hour ago (453+ words) The S&P 500 dipped 0.2%. The Dow Jones Industrial Average was down 477 points, or 0.9%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.1% lower. In the oil market, the price for a barrel of Brent crude rose 0.9% to $97.85 after briefly climbing…...
Wall Street week ahead: The market focuses on key inflation updates
1+ week, 15+ hour ago (248+ words) NEW YORK – Wall Street will get several important updates about inflation this week. On Thursday, the U.S. will release its August report for inflation at the wholesale level, called the Producer Price Index, or the PPI. It provides details on…...
Stocks fall after a surprisingly strong jobs report raises prospects of an interest rate hike
1+ week, 1+ day ago (598+ words) MySA...
Fed's Waller says central bank's next rate move depends on upcoming inflation report
1+ week, 2+ day ago (427+ words) WASHINGTON – Federal Reserve governor Christopher Waller said Thursday that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not. The government will release August inflation figures Sept. 11, and if that…...
U.S. job openings rise slightly to 7.3 million as labor market remains sturdy despite higher costs
1+ week, 4+ day ago (215+ words) WASHINGTON – Employers posted slightly more job openings in July but the American labor market remained sturdy in the face of higher costs that are squeezing household budgets. U.S. job openings ticked up to 7.27 million in July from a revised 7.18 million…...
World shares are mixed and oil prices surge after US strike on Iranian rocket launchers
1+ week, 5+ day ago (591+ words) In early European trading, Germany's DAX lost 0.9% to 26,339.04, while the CAC 40 in Paris edged 0.1% lower, to 8,390.43. Markets in Britain were closed for a bank holiday. The futures for the S&P 500 and the Dow Jones Industrial Average were 0.2% lower. Oil…...
Asian shares are mixed and oil prices surge after US strike on Iranian rocket launchers
1+ week, 5+ day ago (634+ words) BANGKOK – Shares were mixed in Asia and U.S. futures declined Monday on expectations that the U.S. Federal Reserve may raise interest rates soon. Oil prices surged about 3% after U.S. forces struck Iranian rocket launchers on the Strait of Hormuz, marking…...