By STAN CHOE NEW YORK (AP) — Stocks are tumbling on Wall Street Monday as another big leap for oil prices threatens to squeeze inflation’s grip on the global economy. The S&P 500 fell 2.1% after a barrel of U.S. oil surged to $130 overnight on the possibility the U.S. could bar imports from Russia. Stocks around the world slid […]

NEW YORK — Oil prices surged above $110 per barrel Wednesday as Russian forces stepped up attacks on Ukrainian cities, while premarket trading on Wall Street pointed toward a higher open. Investors appeared to take in stride Federal Reserve Chair Jerome Powell’s comments Wednesday that the Fed will begin raising interest rates this month in a high-stakes effort to restrain […]

WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia’s invasion of Ukraine. The figure reported Friday by the Commerce Department was the largest year-over-year rise since 1982. Excluding volatile food and […]

WASHINGTON — Wild volatility in the stock market this week has put heightened scrutiny on the Federal Reserve’s meeting Wednesday and whether the Fed will clarify just how fast it plans to tighten credit and potentially slow the economy. With high inflation squeezing consumers and businesses, the Fed is expected to signal that it will raise its benchmark short-term interest […]

By JEFF MARTIN and MICHAEL WARREN ATLANTA (AP) — A day before the U.S. Senate was expected to take up significant legislation on voting rights that is looking likely to fail, Martin Luther King, Jr.’s eldest son condemned federal lawmakers over their inaction. Speaking in Washington, D.C. on Monday, Martin Luther King III said though he was marking the federal […]

Some 600,000 Colorado households were slated Wednesday to receive their monthly payment through the federal expanded child tax credit program. But those families should not count on this program continuing. Unless Congress acts to extend the program — and that doesn’t appear likely in this calendar year — there’s no promise of any payments beyond those that go out Dec. […]

SINGAPORE – Housing Board flat owners are four times more likely to make partial repayments on the mortgage of their home to reduce the interest they pay if they are made aware of the benefits of doing so. This was the finding of a behavioural study by the Ministry of National Development (MND) and HDB economists to gauge how HDB […]

Metro Denver consumer prices are inflating at the fastest rate since 1983, putting a squeeze on household budgets that will be harder to escape, according to a bimonthly update from the U.S. Bureau of Labor Statistics on Friday. The Consumer Price Index for the Denver-Aurora-Lakewood area rose 6.5% over the past year in November, which is up from a 4.5% […]

SINGAPORE – Singapore and the United Kingdom (UK) have substantially concluded negotiations on the UK-Singapore Digital Economy Agreement (UKSDEA) on Thursday. The agreement covers key areas of the digital economy, such as data, as well as a wide range of emerging and innovative areas such as artificial intelligence, fintech, digital identities and legal technology,  according to a statement jointly issued by  […]

SINGAPORE – Singapore companies and the banking sector are less vulnerable to financial risks and potential shocks now than they were at the beginning of the Covid-19 pandemic. The vulnerability of Singapore companies came down from an elevated level a year ago as their earnings improved, enabling them to build up cash buffers and better service their debt, the Monetary Authority […]