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Yutaka Katada, president of Kokuka Sangyo Co., the Japanese company operating one of two oil tankers attacked near the Strait of Hormuz, shows a photo of the attacked oil tanker during a news conference Friday, June 14, 2019, in Tokyo. Iran rejects a U.S. accusation against Tehran over suspected attacks on two oil tankers near the strategic Strait of Hormuz. (AP Photo/Jae C. Hong)
June 15, 2019 - 3:45 am
SEOUL, South Korea (AP) — The blasts detonated far from the bustling megacities of Asia, but the attack this week on two tankers in the strategic Strait of Hormuz hits at the heart of the region's oil import-dependent economies. While the violence only directly jolted two countries in the region —...
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FILE- In this June 6, 2019, file photo specialist John Parisi, left, works with traders on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, June 13. (AP Photo/Richard Drew, File)
June 13, 2019 - 4:18 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are closing higher Thursday, led by gains in retailers and media and energy companies. Hess rose 2.9% and Halliburton gained 2.8% as an increase in oil prices boosted energy stocks. Oil rose 2.2%...
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FILE- In this May 30, 2019, file photo, signs advertise new products available inside a CVS store with the new HealthHUB in Spring, Texas. On Wednesday, June 12, the Labor Department reports on U.S. consumer prices for May. (AP Photo/David J. Phillip, File)
June 12, 2019 - 8:31 am
WASHINGTON (AP) — U.S. consumer prices increased a slight 0.1% in May, as inflation was tempered by lower costs for gasoline, electricity and used cars. The Labor Department says that the consumer price index rose 1.8% during the past year. Excluding the volatile food and energy categories, core...
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New York Attorney General Letitia James, center, speaks during a news conference, Tuesday, June 11, 2019, in New York. A group of state attorneys general led by New York and California filed a federal lawsuit Tuesday to block T-Mobile's $26.5 billion bid for Sprint, citing consumer harm. (AP Photo/Mary Altaffer)
June 11, 2019 - 4:00 pm
NEW YORK (AP) — A group of state attorneys general led by New York and California filed a federal lawsuit Tuesday to block T-Mobile's $26.5 billion bid for Sprint, citing consumer harm. The state attorneys general said the promised benefits, such as better networks in rural areas and faster service...
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The bull and bear in front of the stock market are painted all green in Frankfurt, Germany, Monday, June 3, 2019. They were painted on occasion of the upcoming "Green Sauce" week when Frankfurt celebrates its most popular dish. (AP Photo/Michael Probst)
June 06, 2019 - 11:17 am
FRANKFURT, Germany (AP) — The European Central Bank is weighing what to do about growth worries and sluggish inflation, just two days after the U.S. Federal Reserve opened the door to more stimulus. Speculation has grown that the bank could act to boost the economy against a background of sagging...
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Reserve Bank of India Governor Shaktikanta Das addresses a press conference in Mumbai, India, Thursday, June 6, 2019. India's central bank has cut its key interest rate by a quarter of a percentage point to 5.75% from 6% with immediate effect to fortify the economy as consumer spending and corporate investment falter. (AP Photo/Rajanish Kakade)
June 06, 2019 - 4:02 am
NEW DELHI (AP) — India's central bank on Thursday cut its key interest rate by a quarter of a percentage point to 5.75% with immediate effect to fortify the economy as consumer spending and corporate investment falter. The benchmark interest rate is what the Reserve Bank of India charges on lending...
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Federal Reserve Chairman Jerome Powell speaks at a conference involving its review of its interest-rate policy strategy and communications, Tuesday, June 4, 2019, in Chicago. (AP Photo/Kiichiro Sato)
June 04, 2019 - 6:59 pm
WASHINGTON (AP) — Chairman Jerome Powell said Tuesday that the Federal Reserve is prepared to respond if it decides the Trump administration's trade conflicts are threatening the U.S. economy. Investors read his remarks as a signal that the Fed will likely cut interest rates later this year. Powell...
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In this June 3, 2019, photo, shoppers enter and exit a Walmart in Tempe, Ariz. Executives at Walmart and dollar-store chains, which import much of their merchandise and serve many low-income customers, have warned that tariffs could lead to higher prices for consumers. (AP Photo/Matt York)
June 04, 2019 - 1:06 pm
PHOENIX (AP) — The biggest victims of President Donald Trump's tariffs won't necessarily be Mexicans or Chinese or young urbanites who will have to pay more for avocado toast. The people likely to pay the steepest price for Trump's attempts to bend Mexico and China to his will are poor Americans,...
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European flags blow in front of the European Central Bank as the sun rises in Frankfurt, Germany, Sunday, May 26, 2019. (AP Photo/Michael Probst)
June 04, 2019 - 5:01 am
FRANKFURT, Germany (AP) — The unemployment rate has fallen fell to its lowest since August 2008 in the 19 countries that use the euro, as domestic demand keeps growth chugging despite ill winds from slowing global trade. The European Union statistics agency said Tuesday that unemployment fell to 7...
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In this May 7, 2019, photo, the Reserve Bank of Australia building in Sydney. Australia’s central bank has cut its benchmark interest rate by a quarter of a percentage point to a new record low of 1.25 percent in the first rate change in almost three years. (Bianca De Marchi/AAP Image via AP)
June 04, 2019 - 1:13 am
MELBOURNE, Australia (AP) — Australia's central back on cut its benchmark interest rate Tuesday by a quarter of a percentage point to a new record low of 1.25% in the first rate change in almost three years. The change was widely expected after Reserve Bank of Australia Governor Philip Lowe said...
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