By PAUL WISEMAN WASHINGTON (AP) — The U.S. economy grew at a solid 2.2% pace from April through June as consumer spending and business investment came in strong. Growth in gross domestic product — the nation’s output of a goods…
By STAN CHOE NEW YORK (AP) — Wall Street capped an up -and- down week Friday with a mixed finish for U.S. stock indexes, as elevated bond yields and oil prices weighed on the market. The S&P 500 inched 0.2%…
By ANNE D’INNOCENZIO NEW YORK (AP) — Consumers may be griping about higher prices at the pump and elsewhere, but they keep spending, helping to power the economy, according to the latest government snapshot. Retail sales rebounded at a better-than-expected 1.2%…
By STAN CHOE NEW YORK (AP) — Artificial-intelligence stocks slid worldwide Monday after leaders of the industry warned a slowdown is needed for the safety of humanity. Another jump in oil prices, meanwhile, briefly sent the yield of the 10-year Treasury to 5% for the bond market ’s…
By STAN CHOE NEW YORK (AP) — U.S. stocks rebounded Friday and regained much of their losses for the week after oil prices eased off their recent spurt. An update on inflation across the United States that came in close to economists’ expectations, even if prices…
By CHRISTOPHER RUGABER WASHINGTON (AP) — U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges that are top of mind for many voters with midterm elections now just…
By CHRISTOPHER RUGABER WASHINGTON (AP) — Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war keep costs elevated. The Labor Department’s producer price index — which captures inflation before it reaches…
By STAN CHOE NEW YORK (AP) — U.S. stocks drifted to a mixed finish Monday as the countdown ticks toward potentially market-moving events coming later in the week. The areas of the bond market that the U.S. Treasury Department is trying to calm down,…
By STAN CHOE NEW YORK (AP) — The relief that swept the bond market just a day earlier disappeared on Thursday as oil prices, worries about high inflation and the U.S. government’s debt kept rising. That helped knock the U.S. stock market to its worst day in three weeks,…
By ANNE D’INNOCENZIO NEW YORK (AP) — Walmart reported its slowest growth in U.S. comparable sales in six years during its most recent quarter, and the retailer’s guidance for the rest of the year was seen as cautious by Wall Street.…
By STAN CHOE NEW YORK (AP) — U.S. stocks rose Wednesday after the U.S. Treasury Department announced a move that could ease pressure coming from the bond market. Strong profit reports for the spring from Estee Lauder, Target and other U.S. companies also helped…
By STAN CHOE NEW YORK (AP) — The U.S. stock market edged back from its all-time high Friday following the latest report on the economy to come in surprisingly weak, this time about how much shoppers are spending at retailers. Such data could keep interest rates low, which…
By STAN CHOE NEW YORK (AP) — The U.S. stock market rose to an all-time high Thursday following the latest sign that inflation is getting less bad. Stocks also got a lift from easing oil prices in their latest yo-yo move. The S&P 500…
By CHRISTOPHER RUGABER WASHINGTON (AP) — Wholesale inflation dropped last month as gas prices reversed some of their Iran war spike and other costs also cooled, a sign that consumer inflation could grind lower in the months ahead. The Labor Department’s producer price…
By STAN CHOE NEW YORK (AP) — Wall Street finished just shy of a record Wednesday after several AI stocks reported better growth for the spring than analysts expected, while a report showed inflation across the United States was slightly less bad last…
By PAUL WISEMAN WASHINGTON (AP) — The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth, yet consumers continued to spend. And the Federal Reserve’s favored measure of inflation grew more slowly last month. But…
By STAN CHOE NEW YORK (AP) — Most of Wall Street rose Tuesday, even as stocks of computer chipmakers continued to tumble worldwide. Oil prices, meanwhile, eased further from the two-month high they hit last week. The S&P 500 added 0.2%, but the…
By MATT OTT WASHINGTON (AP) — Americans’ confidence in the economy fell this month as gas prices resumed their climb after the U.S. and Iran stepped up their fighting. The Conference Board said Tuesday that its consumer confidence index fell to 90.8 in July…
By STAN CHOE NEW YORK (AP) — Drops for computer chipmakers and other winners of the artificial-intelligence boom dragged down stock markets worldwide on Thursday. The S&P 500 fell 0.5%, even though more stocks rose within the index than fell. The Dow Jones…
By ANNE D’INNOCENZIO NEW YORK (AP) — Shoppers slowed their spending in June from May, as they spent less to fill their gas tank because of falling gas prices. But the report, released by the Commerce Department on Thursday, showed consumers’…
By CHRISTOPHER RUGABER WASHINGTON (AP) — U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while underlying price pressures also cooled more than expected. Prices dropped 0.4% from May to June,…
By CHRISTOPHER RUGABER WASHINGTON (AP) — Federal Reserve Chair Kevin Warsh said Tuesday that the Fed will make high inflation “a thing of the past,” yet he provided no signal about the central bank’s next steps. Fed policymakers “have no tolerance for persistently…
By ALEX VEIGA The average long-term U.S. mortgage rate fell this week to its lowest level since mid-May, easing borrowing costs for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate fell to 6.43% from 6.49% last week, mortgage buyer Freddie…
By STAN CHOE NEW YORK (AP) — Most U.S. stocks rose on Thursday, and the Dow Jones Industrial Average rallied to another record, but more drops for computer chip companies and other winners of the artificial-intelligence boom kept indexes mixed. The S&P 500 finished the…