By CHRISTOPHER RUGABER WASHINGTON (AP) — Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households. Consumer prices jumped 8.3% last month…
Read MoreU.S. added 431,000 jobs in March; average hourly pay rose 5.6% over the past 12 months
America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic, Russia’s war against Ukraine and the highest inflation in 40 years. The government’s…
Read MoreAsian shares extend losses as oil prices push higher – The Denver Post
By YURI KAGEYAMA TOKYO (AP) — Shares fell in Asia on Tuesday after Wall Street logged its biggest drop in more than a year as markets were jolted by another surge in oil prices. Benchmarks declined in Tokyo, Sydney, Hong…
Read MoreAsian stocks rise after Fed chair supports smaller rate hike The Denver Post
By JOE McDONALD BEIJING (AP) — Asian stock markets rebounded Thursday and oil prices climbed higher after the head of the Federal Reserve said he supports a smaller rise in interest rates than some expected. Shanghai, Tokyo, Hong Kong and…
Read MoreDow drops 1,000 points as markets extend slide in 2022 – The Denver Post
By DAMIAN J. TROISE NEW YORK (AP) — The Dow Jones Industrial Average dropped more than 1,000 points Monday as financial markets buckled in anticipation of inflation-fighting measures from the Federal Reserve and fretted the possibility of conflict between Russia…
Read MoreInflation at 40-year high pressures consumers, Fed and Biden The Denver Post
By CHRISTOPHER RUGABER WASHINGTON (AP) — Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe…
Read MoreNovember trade deficit hits near record-high $80.2 billion – The Denver Post
WASHINGTON — The U.S. trade deficit surged to a near-record high of $80.2 billion in November as exports slowed at the same time that imports jumped sharply. The November deficit was 19.3% higher than the October deficit of $67.2 billion…
Read MoreColorado businesses continue to grapple with pandemic-induced supply-chain woes
Fertilizer. Tractor tires. Bins, boxes and pallets. Those are all items on Michael Hirakata’s shopping list, not for the holidays but for next year. They were all items in short supply or much pricier than usual this year because of…
Read MoreOmicron is an economic threat, but inflation is worse, central bankers say
NEW YORK (NYTIMES) – There is still a lot scientists do not know about omicron. There is cautious optimism – but no certainty – about the effectiveness of vaccines against this fast-spreading variant of the coronavirus, and experts do not…
Read MoreCovid-zero policies and pollution curbs stunt China's oil demand
BEIJING (BLOOMBERG) – China, the world’s biggest buyer of crude, is set to start next year with a subdued appetite for oil. For that, you can blame – or thank – Beijing’s increasingly tough line on the coronavirus, pollution and rule-breakers….
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