Stocks rose broadly in midday trading on Wall Street Tuesday as corporate earnings reporting gets into full swing.
Power shortages are turning out streetlights and shutting down factories in China. The poor in Brazil are choosing between paying for food or electricity. German corn and wheat farmers can't find fertilizer, made using natural gas. And fears are rising that Europe will have to ration electricity if it's a cold winter.
DUBAI, United Arab Emirates (AP) — The Middle East is expected to see significant economic growth this year, but also soaring inflation and food prices, as coronavirus vaccines are unevenly rolled out across the region, the International Monetary Fund said Tuesday.
BEIJING (AP) — Asian stock markets followed Wall Street higher as investors waited Tuesday for U.S. corporate results to see how companies are coping with supply disruptions and the past quarter's surge in coronavirus infections.
Natural gas and oil prices are rising, but many are wondering why? Source by: Stringr
Asian shares were mostly lower on Monday after China reported its economy grew at a meager 4.9% annual pace in July-September.
Wall Street added to its recent gains Friday as stocks closed higher, driving the S&P 500 to its best week since July.
NEW YORK (AP) — Americans continued to spend at a solid clip in September even while facing sticker shock in grocery aisles, car lots and restaurants as snarled global supply chains slow the flow of goods.
NEW YORK (AP) — Retail sales rise 0.7% in September despite higher prices and supply chain snarls that have slowed the flow of goods.
Asian shares were higher Friday after technology companies powered the biggest gain on Wall Street since March.
WASHINGTON (AP) — The International Monetary Fund is warning of rising threats to the global economic recovery posed by the ongoing coronavirus pandemic and an outbreak of inflation.
WASHINGTON (AP) — Inflation at the wholesale level rose 8.6% in September compared to a year ago, the largest advance since the 12-month change was first calculated in 2010.
BERLIN (AP) — Germany's leading economic institutes on Thursday slashed their forecast for Europe's biggest economy, saying output is being held back by global supply bottlenecks and lingering restraints on personal contact amid the pandemic.
TOKYO (AP) — Asian shares were mostly higher on Thursday, tracking an overnight rally on Wall Street as investors sought out bargains, including technology stocks.
WASHINGTON (AP) — President Joe Biden tried to reassure Americans on Wednesday that he can tame high inflation, announcing a deal to expand operations at the Port of Los Angeles as prices keep climbing and container ships wait to dock in a traffic jam threatening the U.S. economy and holiday shopping.
WASHINGTON (AP) — Another jump in consumer prices in September sent inflation up 5.4% from where it was a year ago, matching the largest increase since 2008 as tangled global supply lines continue to create havoc.
Major U.S. stock indexes closed mostly higher Thursday, snapping a three-day losing streak for the S&P 500 despite another choppy day of trading.
WASHINGTON (AP) — Federal Reserve officials agreed at their last meeting that if the economy continued to improve, they could start reducing their monthly bond purchases as soon as next month and bring them to an end by the middle of 2022.
NEW YORK (AP) — Get ready to pay sharply higher bills for heating this winter, along with seemingly everything else.
WASHINGTON (AP) — Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022. The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic.
WASHINGTON (AP) — Rising inflation has triggered a sizable increase in Social Security's annual cost-of-living adjustment, or COLA, for 2022. The Social Security Administration announced the 5.9% COLA on Wednesday after a Labor Department report on inflation during September.
During the height of the COVID-19 pandemic in the spring of 2020, energy costs hit all-time lows as roads and airports were nearly deserted.
WASHINGTON (AP) — Social Security checks to increase by 5.9%, as inflation fuels largest COLA for retirees in nearly 40 years.
WASHINGTON (AP) — Inflation rose 0.4% in September, slightly higher than August, as yearly inflation matches 13-year high.
BRUSSELS (AP) — The European Union's executive branch advised the 27 EU member countries Wednesday to adopt tax cuts, state aid and other measures to help households and businesses weather the impact of high energy prices that have fueled a renewed debate on the use of nuclear power.