WASHINGTON — Many Federal Reserve officials think the central bank will have to lift its key short-term interest rate in the coming months if inflation doesn’t subside, minutes of the Fed’s meeting last month showed. The minutes of the July 28-29 meeting, released Wednesday, don’t provide specifics on how many of the 19 officials supported
TOKYO — Global shares were mostly higher on Thursday, powered by gains for AI-related stocks including computer chips. France’s CAC 40 edged up 0.1% in early trading to 8,685.40, while the German DAX added 0.4% to 26,445.93. Britain’s FTSE 100 shed 0.4% to 10,791.07. U.S. shares were set to drift moderately higher with Dow futures
WASHINGTON — U.S. job openings fell slightly in June, but the labor market continued to show resilience in the face of an economic shock from fighting in Iran and the closure of the Strait of Hormuz. The Labor Department said that employers posted 7.36 million vacancies in June, down from 7.54 million in May. The
NEW YORK — NEW YORK (AP) — Oil prices are easing on Monday and helping to calm Wall Street’s worries that inflation could get even worse. That has U.S. stock indexes rallying, though sharp swings are continuing to roil underneath the surface. The S&P 500 rose 1.5% following its wild July, where it swung up
NEW YORK — Analysts are expecting major oil companies to report raking in large spring profits while fighting between Iran and the U.S. impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages. The conflict, now in its sixth month, halted most shipping through the Strait of Hormuz, a narrow
TOKYO — Asian stocks were mixed, while South Korea’s Kospi stock index fell 6% on Wednesday, as doubts over massive investments in artificial intelligence once again led investors to dump chipmaker stocks. American futures hardly changed. The latest decline in Seoul was led by a drop in shares of chipmaker SK Hynix after its operating