US Stocks Fall as Inflation Remains Stubbornly High | Business News

US Stocks Fall as Inflation Remains Stubbornly High |  Business News

By DAMIAN J. TROISE and ALEX VEIGA, AP Business Writers NEW YORK (AP) – Stocks fell in afternoon trading on Wall Street as investors received another dire readout on inflation. The S&P 500 fell 1.5% as of 2:31 pm Eastern. The Dow Jones Industrial Average fell 462 points, or 1.5%, to 31,368 and the Nasdaq … Read more

Years Late, London’s ‘Game-Changer’ Subway Line Set to Open | Business News

By JILL LAWLESS, Associated Press LONDON (AP) – Andy Byford points out the cathedral-like ceiling, the crystal-clear acoustics, the “pureness of the aesthetic” that surrounds him. The head of London’s public transport system is rhapsodizing about a subway station – part of a new line he says will be “the envy of the world” when … Read more

Beyond Meat Shares Tumble on Disappointing Q1 | Business News

By DEE-ANN DURBIN, AP Business Writer Plant-based meat company Beyond Meat reported lower-than-expected revenue in the first quarter as it slashed prices and demand from restaurants fell. The El Segundo, California, company said its revenue rose 1.2% to $ 109.5 million in the January-March period. Wall Street had forecast revenue of $ 112 million, according … Read more

Asian Stocks Mixed, China Gains Ahead of US Price Data | Business News

By ELAINE KURTENBACH, AP Business Writer Shares were mixed in Asia on Wednesday with Chinese benchmarks pressing higher after a rally in technology companies helped reverse most of an early slide on Wall Street. Hong Kong’s Hang Seng rose 1.7% to 19,967.25 and the Shanghai Composite index climbed 1.5% to 3,082.50. That followed the release … Read more

Asian Stocks Mixed, China Gains Ahead of US Price Data | Business News

By ELAINE KURTENBACH, AP Business Writer Shares were mixed in Asia on Wednesday with Chinese benchmarks pressing higher after a rally in technology companies helped reverse most of an early slide on Wall Street. Hong Kong’s Hang Seng rose 1.1% to 19,853.66 and the Shanghai Composite index climbed 1.4% to 3,079.40. Tokyo’s Nikkei 225 added … Read more

US, Italy United on Ukraine, With Slightly Different Tones | Business News

By COLLEEN BARRY, Associated Press MILAN (AP) – Italian Premier Mario Draghi meets with US President Joe Biden this week in Washington as Europe faces another “whatever it takes” moment with Russia’s war in Ukraine raging on its eastern flank. Both Rome and Washington will emphasize their historic friendship and shared desire to help Ukraine … Read more

White House Says Internet Providers to Discount Fee for Poor | Business News

By AAMER MADHANI, Associated Press WILMINGTON, Del. (AP) – The Biden administration announced on Monday that 20 internet companies have agreed to provide discounted service to low-income Americans, a program that could effectively make tens of millions of households eligible for free service through an already existing federal subsidy. The $ 1 trillion infrastructure package … Read more

Asian Shares Mostly Fall as Rate Hikes, China Slowdown Loom | Business News

By YURI KAGEYAMA, AP Business Writer TOKYO (AP) – Shares fell in most Asian markets on Monday as interest rate hikes and a slowing Chinese economy weighed on investor sentiment. Oil prices were higher and US futures fell following sharp declines on Wall Street last week. Benchmarks declined across the region. Jakarta’s benchmark fell 4%. … Read more

Asian Stocks Rise After Fed Chair Downplays Bigger Rate Hike | Business News

By JOE McDONALD, AP Business Writer BEIJING (AP) – Asian stock markets followed Wall Street higher on Thursday after the Federal Reserve chairman downplayed the likelihood of bigger rate hikes following the US central bank’s biggest increase in two decades. Shanghai, Hong Kong and Sydney advanced. Markets in Japan and South Korea were closed for … Read more

Europeans Weigh Costs of Cutting Russian Energy Over Ukraine | Business News

By COLLEEN BARRY, VESELIN TOSHKOV and JUSTIN SPIKE, Associated Press MILAN (AP) – Across Europe, rising energy prices are testing the resolve of ordinary consumers and business owners who are caught between the continent’s dependence on cheap Russian energy and its revulsion over President Vladimir Putin’s invasion of Ukraine. Governments are trying to replace energy … Read more

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