Wall Street’s record run stumbles as oil jumps and AI chip stocks slide
A sudden halt for technology stocks put the brakes on Wall Street’s record-setting run Tuesday. The S&P 500…
Iran war’s full impact on US grocery prices may take months to appear
Americans paid more for their groceries last month, but high gasoline prices resulting from the Iran war were…
Soaring inflation and plummeting economy test Iran in wartime
TEHRAN, Iran (AP) — Iran’s grip on the Strait of Hormuz is throttling the world’s energy supplies and…
US home sales flat in April as lackluster spring homebuying season lurches forward
Sales of previously occupied U.S. homes were essentially flat in April, another lackluster showing for the housing market…
US companies continue to add jobs in the face of an economic shock from Iran war
WASHINGTON (AP) — America’s employers delivered a surprising 115,000 new jobs last month despite an economic shock from…
U.S. job openings were unchanged at 6.9 million in March but hiring improved
WASHINGTON — U.S. job openings were essentially unchanged at 6.9 million, another sign the American labor remained sluggish…
Asian shares mostly gain and oil slips
Shares were mostly higher in Asia on Monday after U.S. stocks set more records, powered by strong profits…
A weak dollar can help but also harm
NEW YORK (AP) — A hidden force is quietly pushing up costs for everything from your summer vacation…
America In Focus: Inflation jumps and gas soars but American consumers seemed to take it in stride
In the past week, many Americans remained laser focused on the economy, inflation and how those forces could…
Why 4.3 million people no longer receive food stamps
Agriculture Secretary Brooke Rollins this week attributed a multimillion-person drop in the number of participants receiving food stamps…
Average US long-term mortgage rate rises to 6.3%, ending a 3-week slide
The average long-term U.S. mortgage rate rose this week, pushing up borrowing costs for prospective homebuyers in the…
A key inflation gauge jumps in March as Iran war-driven gas prices squeeze budgets
WASHINGTON (AP) — A key inflation measure jumped in March as gas prices soared, the latest sign that…