News
The market powerful enough to sway stocks and Trump is rumbling again
8+ hour, 34+ min ago (989+ words) It's making noise again. Bond markets around the world have seen yields climb to heights not reached in years and, in some cases, decades. Atop the litany of reasons for that is oil prices and whether they will stay high…...
Who is incoming Fed chair Kevin Warsh?
5+ day, 5+ hour ago (799+ words) By JOSH BOAK and CHRISTOPHER RUGABER Warsh takes over a divided central bank wrestling with the economic fallout from the war started by the U. S. and Israel with Iran on Feb. 28. The conflict has driven up energy prices and made it…...
Producer prices shot up 6%, adding pressure on companies to hike prices for struggling customers
6+ day, 6+ hour ago (651+ words) The Labor Department reported Wednesday that its producer price index " which tracks inflation before it hits consumers " shot up 1. 4% in April, the biggest monthly gain in more than four years. Energy prices climbed 7. 8% from March to April and 22. 7% from a…...
Businesses are facing rising costs during the Iran war, and economists expect more strains ahead
1+ week, 1+ day ago (312+ words) By WYATTE GRANTHAM-PHILIPS, AP Business Writer Consumers are footing more and more of that bill as businesses pass higher costs to their shoppers, beyond the immediate sticker shock at the gas pump. Nearly half (48%) of NABE's survey respondents " who are…...
Two ways of calculating: Trump defends his mathematically impossible calculations on drug prices
3+ week, 5+ day ago (519+ words) During a Thursday event announcing a deal with drugmaker Regeneron to lower the cost of its pharmaceutical products, Trump defended his past claims that prices on prescription medications had been cut by well over 100% " something that is mathematically impossible without…...
7-Eleven expects to close hundreds of its stores in North America this year
1+ mon, 5+ day ago (351+ words) According to earnings filings published last week, 7-Eleven's North American operator plans to close 645 stores in the 2026 fiscal year " outpacing the 205 locations it forecasts it will open during that same time. Seven & i Holdings Co. , the Japan-based parent of the…...
Soaring gas prices leads to biggest monthly inflation spike in four years in March
1+ mon, 1+ week ago (873+ words) Consumer prices rose 3. 3% in March from a year earlier, the Labor Department'said Friday, up sharply from just 2. 4% in February and the biggest yearly increase since May 2024. On a monthly basis, prices rose 0. 9% in March from February, the largest such increase…...
IMF chief warns that Iran war will slow global economic growth
1+ mon, 1+ week ago (313+ words) Managing Director Kristalina Georgieva said the fund will downgrade its forecast for the world economy next week. "Had it not been for this shock, we would have been upgrading global growth," Georgieva said in remarks before next week's IMF-World Bank…...
Trump promised to cut electric costs in half. Bills in energy-rich West Virginia now top mortgages
1+ mon, 1+ week ago (1341+ words) It makes no sense. She turns the lights off during the day and only burns one lamp with an energy-efficient bulb in the living room at night, but she keeps falling further behind on payments. In desperation, she took out…...
Key inflation gauge remains elevated in February before Iran war
1+ mon, 1+ week ago (281+ words) Santa Cruz Sentinel By CHRISTOPHER RUGABER, AP Economics Writer An inflation gauge monitored by the Federal Reserve rose 0. 4% in February from January, up slightly from the previous month. Compared with a year ago, prices rose 2. 8%, the same as January. Thursday's…...