US stocks turn higher after report shows modest inflation

Asia & Pacific 10/11/18, 10:23

U.S. stocks are slightly higher in unsteady trading one day after their biggest drop since February. A report indicating that inflation remains limited seemed to calm U.S. investors.Following yesterday's sell-off in the U.S., markets in Asia tumbled and European stocks suffered more modest losses.Bond yields, which have spiked over the ...

Months of anxiety for Wisconsin manufacturers amid trade war

Business 10/11/18, 02:59

The trade war between the United States and China has made for a nerve-wracking summer of uncertainty in Wisconsin, where manufacturing has long been in decline yet remains a vital part of the state's economy.At Johnson Level and Tool in suburban Milwaukee, the Trump administration's thrust-and-parry trade moves with China ...

Q&A: Why rising interest rates are shaking financial markets

U.S. 10/11/18, 00:30

The foundation at the center of the investment world is shaking.U.S. Treasury bonds are considered among the closest approximations to a "safe" investment in the financial system, which makes them a benchmark for most other investments. A pronounced move in Treasury prices ripples through to stock and bond markets around ...

Q&A: Why rising interest rates are shaking financial markets

Business 10/10/18, 17:16

The foundation at the center of the investment world is shaking.U.S. Treasury bonds are considered among the closest approximations to a "safe" investment in the financial system, which makes them a benchmark for most other investments. A pronounced move in Treasury prices ripples through to stock and bond markets around ...

Trump signs bills to help patients stop overpaying for drugs

U.S. 10/10/18, 11:22

President Donald Trump has signed into law two bills that would allow pharmacists to tell consumers when paying cash would be cheaper than using insurance for their prescriptions.Under bipartisan legislation he signed Wednesday, health plans or middlemen can no longer prohibit pharmacists from telling customers when they would be better ...

US wholesale prices rose just 0.2 percent in September

Business 10/10/18, 08:43

U.S. wholesale prices rose a mild 0.2 percent last month, held down by lower food and energy prices, suggesting that inflation remains in check despite the economy's robust growth.The Labor Department says its producer price index — which measures inflation before it reaches consumers — rose 2.6 percent compared with ...

Asia stocks decline after China injects cash into economy

Asia & Pacific 10/08/18, 04:12

Asian stocks declined Monday after China injected extra money into its cooling economy.KEEPING SCORE: The Shanghai Composite Index tumbled 2.8 percent to 2,741.63 and Sydney's S&P-ASX 200 lost 1.4 percent to 6,100.30. Hong Kong's Hang Seng retreated 0.8 percent to 26,350.36 and Seoul's Kospi shed 0.3 percent to 2,260.75. India's ...

Asia stocks decline after China injects cash into economy

Business 10/08/18, 00:35

Asian stocks declined Monday after China injected extra money into its cooling economy.KEEPING SCORE: The Shanghai Composite Index lost 3.0 percent to 2,738.04 and Hong Kong's Hang Seng was off 0.9 percent at 26,345.90. Seoul's Kospi lost 0.4 percent 2,258.72 and Sydney's S&P-ASX 200 shed 1.2 percent to 6,113.60. Japanese ...

Asian markets slip on energy gains, Japan data

Asia & Pacific 10/03/18, 03:07

Asian shares were mostly lower on Wednesday on rising oil prices and lackluster Japanese data.KEEPING SCORE: Japan's benchmark Nikkei 225 fell 0.7 percent to 24,110.96. Hong Kong's Hang Seng dropped 0.2 percent to 27,064.67 after closing at a two-week low on Tuesday. Australia's S&P/ASX 200 gained 0.3 percent to 6,146.10. ...

US consumer spending up modest 0.3 percent in August

Business 09/28/18, 08:44

U.S. consumer spending edged up a moderate 0.3 percent in August, the smallest gain in six months, as purchases of cars and other durable goods fell. A key gauge of inflation slowed slightly after posting its biggest annual gain in six years.The Commerce Department said Friday that the rise in ...

Used sedans still cheap, but prices are rising

Business 09/26/18, 11:17

Late in the spring, Bob Castaldi started checking used car prices online, wondering if it would be a good time to sell his family's loaded-out 2014 Honda Civic.Each month, the retiree from suburban Phoenix, Arizona, kept seeing the suggested retail price go up, rising a total of $700 to $900 ...

Oil prices and interest rates rise, but US stocks are mixed

New York 09/25/18, 10:46

U.S. stock indexes are slightly higher Tuesday morning as energy companies continue to rise with oil prices. Stock indexes took small losses the past two days. Facebook is slumping after the co-founders of Instagram announced that they are resigning from the photo sharing company. Interest rates continue to rise as ...

Global stocks dip on report China calls off US trade talks

Business 09/24/18, 21:35

Global stocks took small losses Monday after China reportedly pulled out of trade talks with the U.S. Industrial companies and banks suffered some of the worst declines among American stocks.The U.S. and China officially began taxing larger amounts of each other's goods Monday, and the Wall Street Journal reported that ...

US stocks head higher, set stage for more milestones

Business 09/21/18, 10:36

U.S. stocks moved broadly higher in early trading Friday, extending gains from a day earlier when the market climbed to all-time highs. Technology companies accounted for much of the market's gains. Retailers and other consumer-focused stocks also rose. Utilities and other high-dividend paying stocks lagged. Oil prices were headed higher.KEEPING ...

Economy keeps growing even with rising oil prices

New York 09/21/18, 10:11

America's rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy.It has long been conventional wisdom that rising oil prices hurt the economy by forcing consumers to spend more on gasoline and heating their homes, leaving less for other ...

Turkey expects lower growth amid currency turmoil

Business 09/20/18, 08:11

Turkey expects lower economic growth in coming years amid concerns over inflation and a sliding currency.Treasury and Finance Minister Berat Albayrak presented the government's economic plan Thursday, targeting 2.3 percent growth for 2019 and 3.5 percent for 2020. The previous target was 5.5 percent for both years.Albayrak estimated inflation in ...

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