May US producer prices soared 10.8 % as energy prices jumped
WASHINGTON — U.S. producer prices surged 10.8% in May from a year earlier, underscoring the ongoing threat to the economy from inflation that shows no…
AP Wire
The S&P 500 is in a bear market; here’s what that means
NEW YORK — Wall Street is back in the claws of a bear market as worries about inflation and higher interest rates overwhelm investors. The…
Stocks dip deeper into bear market ahead of big Fed news
NEW YORK — Most stocks on Wall Street dipped Tuesday in their first trading after tumbling into a bear market on worries that high inflation…
Treasury bond yield inversion raises worries over recession
NEW YORK — One of the more reliable warning signals for an economic recession is shining alarmingly brighter. The “yield curve” is watched for clues…
Mastercard SpendingPulse: Back-to-school sales to be up 7.5%
NEW YORK — The 2022 back-to-school shopping season should enjoy strong sales increases from a year ago, fueled by a heavy demand for trendy fashion,…
Bitcoin plunges as major crypto lender halts operations
NEW YORK — Bitcoin and other cryptocurrencies were collapsing in price today, after a major cryptocurrency lender effectively failed and halted all withdrawals from its…
Markets tumble worldwide, bear market growls on Wall Street
NEW YORK — Wall Street is tumbling even more today, sending the S&P 500 down more than 20% from its record, amid fears that a…
Jan. 6 panel hears: Trump ‘detached from reality’ in defeat
WASHINGTON (AP) — Donald Trump’s closest campaign advisers, top government officials and even his family were dismantling his false claims of 2020 election fraud ahead…
Czech brewer Budvar reports record export increase in 2021
PRAGUE — Budvar, the Czech brewer that has been in a long legal dispute with U.S. company Anheuser-Busch over use of the Budweiser brand, increased…
UK moves to rewrite Brexit rules; EU threatens legal action
LONDON (AP) — Britain’s government on Monday proposed new legislation that would unilaterally change post-Brexit trade rules for Northern Ireland, despite opposition from some U.K….