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Asian stocks follow Wall St down after Fed inflation report

Asian stocks follow Wall St down after Fed inflation report

Asian shares are mostly higher as regional markets looked to strong economic signs out of the U.S. and China as drivers of growth.

August 17th, 3:48 AM EDT
BofA CEO: Struggling Americans feel they are in a recession

BofA CEO: Struggling Americans feel they are in a recession

The CEO of Bank of America said the recent debate over whether the U.S. economy is technically in a recession or not is missing the point.

18 hrs 54 mins ago
Major Airlines Slash Routes This Fall

Major Airlines Slash Routes This Fall

If you're planning to travel by air this fall, you may have fewer flight options to choose from. As NEWSnet's Business Reporter Andy Hirschfeld reports, major airlines are making cuts.

17 hrs 49 mins ago by Andy Hirschfeld
Planned Parenthood to spend record $50M in midterm elections

Planned Parenthood to spend record $50M in midterm elections

The nation's leading abortion rights advocacy organization, Planned Parenthood, plans to spend a record $50 million ahead of November’s midterm elections.

August 17th, 5:18 AM EDT
US retail sales were flat in July as inflation takes a toll

US retail sales were flat in July as inflation takes a toll

The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many households to spend more cautiously.

August 17th, 8:38 AM EDT
Target takes a hit after heavy discounts to clear inventory

Target takes a hit after heavy discounts to clear inventory

Target has reported solid sales for the fiscal second quarter but its profits plunged nearly 90% because it slashed prices to clear inventories of clothing, home goods and other discretionary items.

August 17th, 6:38 AM EDT

More from AP Business 

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Trump CFO’s plea deal could make him a prosecution witness

Trump CFO’s plea deal could make him a prosecution witness

Donald Trump’s chief financial officer is expected to plead guilty on Thursday to tax violations in a deal that would require him to testify about business practices at the former president’s company.

9 hrs 8 mins ago
Germany lowers natural gas tax to ease burden on consumers

Germany lowers natural gas tax to ease burden on consumers

German Chancellor Olaf Scholz says the government will temporarily lower taxes on natural gas to ease the financial pressure on people struggling with soaring energy costs.

3 hrs 4 mins ago
US home sales fell again in July as housing slowdown deepens

US home sales fell again in July as housing slowdown deepens

Sales of previously occupied U.S. homes slowed for the sixth consecutive month in July, deepening the housing market’s slowdown from a high-flying pace at the start of this year.

39 mins ago
Kohl's cuts 2022 outlook, closing mixed week for retailers

Kohl's cuts 2022 outlook, closing mixed week for retailers

Kohl’s slashed its expectations for the year after sales slumped in the second quarter, sending shares down 9% at the opening bell and closing out a mixed week for retailers.

49 mins ago
Ukraine's Zelenskyy hosts talks with UN chief, Turkey leader

Ukraine's Zelenskyy hosts talks with UN chief, Turkey leader

Ukrainian President Volodymyr Zelenskyy is due to meet the U.N. chief and Turkey’s leader in Lviv near Ukraine’s border with Poland.

8 hrs 18 mins ago
US stocks drift between gains and losses in early trading

US stocks drift between gains and losses in early trading

Asian stock markets have followed Wall Street lower after the Federal Reserve said U.S. inflation is too high, suggesting support for more aggressive interest rate hikes.

8 hrs 13 mins ago
3rd sailboat carrying migrants reaches southern Greek island

3rd sailboat carrying migrants reaches southern Greek island

Greek authorities say another sailboat carrying dozens of migrants has arrived at the island of Kythera.

54 mins ago
Fewer Americans file for jobless benefits last week

Fewer Americans file for jobless benefits last week

Slightly fewer Americans filed for unemployment benefits last week as the labor market continues to be the strongest segment of the U.S. economy.

1 hr 49 mins ago

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