US futures point to continued slump this week on Wall StreetDecember 7, 2022 GMT
Wall Street futures edged lower Wednesday ahead of new employment and wholesale price data with the Federal Reserve gauging its next step in its fight to cool inflation.
Futures for the Dow Jones Industrials slipped 0.4% and the S&P 500 fell 0.7% just over an hour before the opening bell.
Stocks decline in Asia, extending losses on Wall StreetDecember 7, 2022 GMT
Shares fell in Asia on Wednesday after Wall Street declined on fears the Federal Reserve will need to keep the brakes on the economy to get inflation under control, risking a sharp recession. Oil prices were mixed.
Business Highlights: Meta oversight, Theranos sentencingDecember 6, 2022 GMT
Meta oversight board urges changes to VIP moderation system
LONDON (AP) — Facebook’s quasi-independent oversight board says an internal system that exempted high-profile users, including former U.S.
How major US stock indexes fared Tuesday 12/6/2022December 6, 2022 GMT
Stocks fell again on Wall Street, extending the market's recent string of losses.
Investors are worried that the Federal Reserve will need to keep applying the brakes to the economy in order to get inflation under control, raising the risk of a sharp recession.
Asian shares lower as strong data hit hopes for dovish FedDecember 6, 2022 GMT
BANGKOK (AP) — Stocks were mostly lower in Asia on Tuesday after Wall Street pulled back as surprisingly strong economic reports highlighted the difficulty of the Federal Reserve’s fight against inflation.
Business Highlights: Russian oil; Offshore wind powerDecember 5, 2022 GMT
Russian oil price cap, EU ban aim to limit Kremlin war chest
FRANKFURT, Germany (AP) — Major Western measures to limit Russia’s oil profits over the war in Ukraine have taken effect.
How major US stock indexes fared Monday 12/5/2022December 5, 2022 GMT
Stocks closed lower on Wall Street and Treasury yields rose after surprisingly strong economic reports highlighted the Federal Reserve’s difficult fight against inflation.
FDA change ushers in cheaper, easier-to-get hearing aidsDecember 4, 2022 GMT
It's now a lot easier — and cheaper — for many hard-of-hearing Americans to get help.
Hearing aids can now be sold without a prescription from a specialist. Over-the-counter, or OTC, hearing aids started hitting the market in October at prices that can be thousands of dollars lower than prescription hearing aids.
Wall Street ends mixed following strong data on wages, jobsDecember 2, 2022 GMT
Worries about inflation weighed on Wall Street Friday, leaving major indexes mixed after a report showed wages for U.S. workers are accelerating, which is good news for them but could feed into even higher inflation for the nation.
Business Highlights: Hiring strong; Inflation fears remainDecember 2, 2022 GMT
US hiring stays strong, complicating Fed’s inflation fight
WASHINGTON (AP) — The nation’s employers kept hiring briskly in November despite high inflation and a slow-growing economy — a sign of resilience in the face of the Federal Reserve’s aggressive interest rate hikes.
How major US stock indexes fared Friday 12/2/2022December 2, 2022 GMT
Worries about inflation weighed on Wall Street, leaving major indexes mixed after another bumpy day of trading.
A government report showing that wage growth accelerated last month spooked investors since it could mean the Federal Reserve will be less able to ease up on its fight against inflation.
Asian shares sink on revived worries over recession, ChinaDecember 2, 2022 GMT
BANGKOK (AP) — Shares retreated in Asia on Friday after a mixed day on Wall Street as optimism over signs the Federal Reserve may temper its aggressive interest rate hikes was replaced by worries the economy might be headed for a recession.
Business Highlights: Inflation reading, vote on rail strikeDecember 1, 2022 GMT
An inflation gauge tracked by the Fed slows to still-high 6%
WASHINGTON (AP) — A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration of prices.
How major US stock indexes fared Thursday 12/1/2022December 1, 2022 GMT
Stocks ended mixed after an uneven day of trading and bond yields fell broadly after the government reported that a measure of inflation that’s closely watched by the Federal Reserve eased in October.
Asian shares gain after Fed chair signals slower rate hikesDecember 1, 2022 GMT
BANGKOK (AP) — Shares advanced in Asia on Thursday after a rally on Wall Street spurred by the Federal Reserve chair's comments on easing the pace of interest rate hikes to tame inflation.
Signs that China may be shifting its approach to containing COVID-19 outbreaks to focus more on vaccinations also helped drive buying of shares across the region.
Business Highlights: Fed to keep rates high; EU warns MuskNovember 30, 2022 GMT
Powell: Fed to keep rates higher for longer to cut inflation
WASHINGTON (AP) — Fed Chair Jerome Powell says the Federal Reserve will push rates higher than previously expected and keep them there longer to fight a stubborn bout of inflation.
How major US stock indexes fared Wednesday 11/30/2022November 30, 2022 GMT
Stocks rallied on Wall Street after the head of the Federal Reserve said the central bank could soon ease up on its aggressive pace of interest rate hikes aimed at taming inflation.
While citing some signs that inflation is cooling, Fed Chair Jerome Powell stressed Wednesday that the Fed will push rates higher than previously expected and keep them there for an extended period.
Asian shares mostly decline ahead of Fed chair’s key speechNovember 30, 2022 GMT
TOKYO (AP) — Asian shares were mostly lower Wednesday ahead of a closely watched speech by the Federal Reserve chief that may give clues about future interest rate hikes.
Investors were also eyeing developments in China, where protests have erupted over the “zero-COVID” strategy that has confined millions of people to their homes, sometimes for months.
Business Highlights: China lockdowns; Consumer confidenceNovember 29, 2022 GMT
The AP Interview: IMF head urges China to end mass lockdowns
BERLIN (AP) — The head of the International Monetary Fund says it’s time for China to move away from mass lockdowns under its “zero-COVID” approach.
How major US stock indexes fared Tuesday 11/29/2022November 29, 2022 GMT
Stocks ended an unsteady day with mixed results as gains for energy companies were offset by losses in technology and other sectors.
Trading was uneven Tuesday as investors closely watch developments in China and economic data amid worries about stubbornly hot inflation.
Asian shares rise except Japan as markets eye China protestsNovember 29, 2022 GMT
TOKYO (AP) — Asian shares were mostly higher Tuesday as market jitters declined over protests in China set off by growing public anger over COVID-19 restrictions.
Business Highlights: Cyber Monday, BlockFi bankruptcyNovember 28, 2022 GMT
Cyber Monday deals lure in consumers amid high inflation
NEW YORK (AP) — Days after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation.
How major US stock indexes fared Monday 11/28/2022November 28, 2022 GMT
Stocks fell broadly on Wall Street as protests spread in China calling for President Xi Jinping to step down amid growing anger over severe restrictions imposed as part of his “zero COVID” strategy in the world’s second-largest economy.
Business Highlights: Black Friday blues, stocks close mixedNovember 25, 2022 GMT
Inflation hovers over shoppers seeking deals on Black Friday
NEW YORK (AP) — Shoppers eager to start holiday shopping but weighed down by inflation are hunting for the best deals at stores and online this Black Friday.
How major US stock indexes fared Friday 11/25/2022November 25, 2022 GMT
Stocks wobbled to a mixed close on Wall Street, but every major index notched weekly gains in a holiday-shortened week.
The S&P 500 edged lower Friday. The Dow Jones Industrial Average rose and the Nasdaq fell.
US stocks wobble to a mixed close, indexes keep weekly gainsNovember 25, 2022 GMT
Stocks wobbled to a mixed close on Wall Street Friday, but every major index notched weekly gains in a holiday-shortened week.
Investors faced a relatively quiet day, though concerns about inflation, high interest rates and a potential recession still hover over Wall Street.
Asian shares rise on Fed rate hopes despite China worriesNovember 24, 2022 GMT
TOKYO (AP) — Asian shares gained Thursday, although optimism about the Federal Reserve holding back on aggressive interest rate raises was countered by some uncertainty about coronavirus restrictions in China.
Business Highlights: Slower rate hikes, holiday dealsNovember 23, 2022 GMT
Most Fed officials at last meeting backed slower rate hikes
WASHINGTON (AP) — Most Federal Reserve officials at their last meeting favored reducing the size of their interest rate hikes “soon’’— just before raising their benchmark rate by a substantial three-quarters of a point for a fourth straight time.
How major US stock indexes fared Wednesday 11/23/2022November 23, 2022 GMT
Stocks closed higher on Wall Street following the release of the minutes from the Federal Reserve’s most recent policy meeting, which showed Fed officials agreed that smaller rate hikes would likely be appropriate “soon.”
Asian shares gain after earnings-fueled rally on Wall StreetNovember 23, 2022 GMT
BANGKOK (AP) — Asian shares advanced on Wednesday after solid earnings pushed retailers higher on Wall Street ahead of the Thanksgiving holiday in the U.S.
Benchmarks rose in Hong Kong, Seoul and Sydney but fell in Shanghai.
Business Highlights: Thanksgiving travel, Swift ticket woesNovember 22, 2022 GMT
Thanksgiving travel rush is back with some new habits
NEW YORK (AP) — The holiday travel rush is already on, and it could spread out over more days than usual this year. Travel experts say the ability of many people to work remotely is letting them take off early for Thanksgiving or return home later.
How major US stock indexes fared Tuesday 11/22/2022November 22, 2022 GMT
Stocks rose on Wall Street and solid earnings helped jolt retailers higher ahead of the Thanksgiving holiday in the U.S.
Financial and technology companies gained ground Tuesday. Energy stocks rose along with oil prices.
Asian stocks mixed after Wall St slide, China virus fearsNovember 22, 2022 GMT
BEIJING (AP) — Asian stock markets were mixed Tuesday after Wall Street sank and Chinese anti-virus controls fueled concern about an economic slowdown.
Shanghai and Hong Kong declined while Tokyo advanced.
Business Highlights: Book merger off; Iger back at DisneyNovember 21, 2022 GMT
Proposed merger of two publishing giants is officially over
NEW YORK (AP) — Simon & Schuster’s corporate parent has officially ended the agreement for Penguin Random House to purchase the publisher, a proposed merger a federal judge already had blocked early this month.
How major US stock indexes fared Monday 11/21/2022November 21, 2022 GMT
Stocks ended lower on Wall Street at the beginning of a holiday-shortened week.
The S&P 500 fell 0.4% Monday, while drops in tech companies helped pull the Nasdaq down 1.1%. The Dow Jones Industrial Average held up better, ending down just 0.1%.