Business

US stocks open lower in election aftermath

(AFP) — Wall Street stocks fell early Wednesday, threatening a three-day rally as markets digested inconclusive US election results as well as disappointing Disney earnings. Equities had risen the last three days on expectations that Republicans would win at least…

Stocks slump, dollar jumps as US inflation runs hot

(AFP) — Stock markets hit reverse while the dollar shot higher Tuesday after data showed that US inflation slowed less than expected. Annual consumer price inflation slowed slightly in August to 8.3 percent from 8.5 percent in July, the Labor…

Stock markets jump on US jobs data

(AFP) — US and European stock markets shot higher on Friday following data that showed US job creation slowed but remained positive last month, belying fears of a recession induced by interest rates and inflation. Labor Department data showed US…

Wall Street stocks lower on US-China tensions

(AFP) — Wall Street stocks retreated early Tuesday following mixed corporate earnings and on rising tensions between Beijing and Washington due to reports of US House Speaker Nancy Pelosi’s planned visit to Taiwan. If Pelosi does go to Taipei, “the…

Stocks advance despite Apple report concerns

(AFP) — Stock markets mostly advanced on Tuesday despite fresh recession worries on a report tech titan Apple may scale back hiring and investment. Meanwhile, the euro rallied against the dollar as traders looked ahead to a key European Central…