News
Asia shares mostly gained after Wall Street wobbled over strong jobs report
2+ hour, 7+ min ago (494+ words) HONG KONG " Asia shares were mostly higher Thursday and benchmarks in Japan and South Korea reached new records after Wall Street wobbled following a better-than-expected U.S. job report. U.S. futures edged higher. Tokyo's Nikkei 225 surpassed the 58,000 mark early in the session as…...
Dollars & Sense: Why the Idea of 20/4/10 is broken
2+ day, 2+ hour ago (1347+ words) ORLANDO, Fla. " For some readers, the headline is intriguing because you already know what it means. For others, you're wondering "What is 20/4/10?" 20/4/10 is a budgeting guideline to help consumers pick out a vehicle that fits their budget instead of overspending....
Asian shares are mixed and gold and silver climb higher after a retreat on Wall St
1+ week, 1+ day ago (500+ words) HONG KONG " Asia shares were mixed on Wednesday following a retreat on Wall Street on selling of technology stocks, while gold and silver continued to regain ground after a recent sell-off. U.S. futures edged higher and oil prices advanced. Tokyo's Nikkei…...
US producer prices rose 0.5% in December, more than expected, on uptick in services inflation
1+ week, 5+ day ago (265+ words) WASHINGTON " U.S. wholesale prices rose a hotter-than-expected 0.5% in December. The Labor Department reported Friday that its producer price index " which measures inflation before it hits consumers " rose from November to December at the fastest pace in three months and faster than…...
Americans' confidence in the U.S. economy falls sharply in January to lowest level since 2014
2+ week, 1+ day ago (381+ words) WASHINGTON " U.S. consumer confidence declined sharply in January, hitting the lowest level since 2014 as Americans grow increasingly concerned about their financial prospects. The Conference Board said Tuesday that its consumer confidence index cratered 9.7 points to 84.5 in January, falling below even the…...
Dollars & Sense: Another big retail fail
2+ week, 1+ day ago (883+ words) ORLANDO, Fla. " Major brick and mortar retailers across the U.S. are struggling. The reasons range from the rise of online shopping and crushing debt loads to shifting consumer habits. Add higher borrowing costs and, of course, the COVID19 pandemic, and suddenly the…...
Consumer spending pushes US economy up 4.4% in third quarter, fastest in two years
2+ week, 6+ day ago (272+ words) WASHINGTON " Powered by strong consumer spending, the U.S. economy grew at the fastest pace in two years from July through September, the government said Thursday in a slight upgrade of its first estimate. America's gross domestic product " the nation's output of…...
US stocks climb again after Trump calls off his tariffs for Greenland
3+ week, 2+ hour ago (550+ words) HONG KONG " The U.S. stock market is ticking higher Thursday and regaining more of its losses for the week following the latest walkback by President Donald Trump from tariffs he had earlier threatened. The S&P 500 rose 0.4% and added to its…...
Inflation fears are high. A new poll shows one group is particularly worried
3+ week, 7+ hour ago (838+ words) Terry Tang And Linley Sanders WASHINGTON " Anxiety about costs and affordability is particularly high among Asian Americans, Pacific Islanders and Native Hawaiians, even at a moment when economic stress is widespread, according to a new poll. Like Americans overall, AAPI…...
Asian shares are mostly lower and oil sinks $2 after Trump says Iran stopped killings
4+ week, 5+ hour ago (520+ words) HONG KONG " Asian shares were mostly lower Thursday and U.S. futures were mixed after Wall Street retreated, dragged down by falls in Big Tech stocks. Oil prices fell more than $2 a barrel after U.S. President Donald Trump said he was told "on…...