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

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

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

Asian Shares Slip Ahead of Fed Interest Rate Decision | Business News

By ELAINE KURTENBACH, AP Business Writer Shares were mostly lower in Asia on Wednesday as investors waited for Wednesday’s decision by the Federal Reserve on interest rates. Hong Kong, Seoul, Mumbai and Sydney declined while many other markets were closed for holidays. The Fed monetary policy committee is expected to raise its benchmark rate by … Read more

Asian Shares Mixed as Australia Hikes Interest Rate | Business News

By ELAINE KURTENBACH, AP Business Writer Asian shares were mixed Tuesday after Australia’s central bank raised a key interest rate for the first time since 2010. Trading was light with markets in mainland China, Japan and some other countries closed for holidays. Australia’s central bank lifted its benchmark interest rate to 0.35% from 0.1%. Investors … Read more

Fed to Fight Inflation With Fastest Rate Hikes in Decades | Business News

By CHRISTOPHER RUGABER, AP Economics Writer WASHINGTON (AP) – The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making it costlier to borrow – for a car, a home, a business deal, a credit card purchase – all of which will compound Americans’ financial … Read more

Asian Shares Fall in Thin Trading After Rout on Wall St | Business News

By YURI KAGEYAMA, AP Business Writer TOKYO (AP) – Asian shares slipped Monday lower following a sell-off last week on Wall Street as investors fretted over the impact on regional economies from inflation, the war in Ukraine and COVID-19 lockdowns in China. Benchmarks declined in Japan, South Korea and Australia. Trading was closed for holidays … Read more

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