US stocks drop to their worst day since July as inflation worsens
NEW YORK (AP) — U. S. stocks dropped to their worst day since July. The S&P 500 fell 1. 1% Wednesday and had its fifth loss in the six days since setting its all-time high. The Dow Jones Industrial Average slipped 0. 1%, and the Nasdaq composite sank 1. 9%. A report showing inflation accelerated last month raised expectations on Wall Street that the Federal Reserve will raise interest rates. More expensive borrowing could slow the buildout of AI data centers, and AI stocks were the heaviest...
Read MoreWed, 14 Oct 2026
- US stocks drop to their worst day since July as inflation worsens
- GlobalFoundries to open 2 new chip plants in New York with $21 billion in financing from Japan
- Yemens Houthis look to build ballistic missiles with more Chinese supplies, report says
- Heavy rain and flooding in Istanbul forces closure of schools
- Blockbuster-era law governing privacy of video rentals gets a fresh look from the Supreme Court
- Lawyers for Federal Reserves Lisa Cook say White House hearing set up by Trump is biased
- Iran-backed Houthis strike Saudi oil company Aramcos headquarters, officials say
- The first new sunscreen type in 25 years has arrived on US store shelves
- Netflix is laying off 6% of its workforce, in biggest round of job cuts at streaming giant in years
- Trump says oil, gas and mineral exploration in Greenland is set to begin. Its not that simple
- Irish public sector workers strike, leading to school closures and canceled medical appointments
- Chinas trade surplus nears record as pressure mounts from trading partners
- Inflation worsened last month to 3.7% in sign that prices remain elevated as midterm elections near
- Fuel crisis hits Indonesias Bali, triggers long lines in gas stations for days
- The building housing Londons oldest restaurant has been donated to a conservation charity
- Social Security recipients to get 3.6% cost of living boost, an average of $75 per month
- Energy agency lowers world oil demand forecast for the year
- Lufthansa to buy 44.9% of TAP Air Portugal in 1.2B deal
- Iran says a ship sank after striking a mine in Strait of Hormuz, and other Middle East developments
- IMF chief urges US and wealthy nations to rein in debt to ease global economic pressure
- Taiwan plans to buy liquefied natural gas from Alaska pipeline project
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Tue, 13 Oct 2026
- Kroger to lay off 3,000 corporate employees over 3 years as it leans into artificial intelligence
- US hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions laws
- US stocks edge back from their record following the first big batch of profit reports for the summer
- Republicans face midterm backlash from factory workers squeezed out of jobs by Trumps tariffs
- Cyberattacks hit European supermarket chains and disrupt refrigeration systems
- CVS agrees to pay $315 million to settle Justice Department case over opioid prescriptions
- Big banks post strong Q3 profits, but warn higher rates and inflation could bite
- Supreme Court agrees to hear watchdog lawsuit seeking records on Elon Musks DOGE
- US home sales rose in September, but slowed from a year earlier as mortgage rates, prices rose
- Environmentalists picket African Energy Week, urging an end to new oil and gas exploration
- Tensions flare over the EUs next long-term budget ahead of unpredictable elections in 2027
- AI data centers are coming for federal land. Theyre roiling the Nevada governors race
- Trump says he cares for Americans. They think hes more focused on his wealth, an AP-NORC poll finds
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- IMF raises its forecast for world growth this year but warns of risks from AI boom and debt
- Visa wins approval to prepare a bank card clearing business in China
Mon, 12 Oct 2026
- US stocks hover near their latest record in mixed trading on Wall Street
- Chinas carmakers export more as EU caps hybrid vehicle imports at 350,000 a year
- 2 American economists win Nobel for work on managing economic shocks
- From hands-free to eyes-off: how General Motors is simulating its way to autonomous driving
- EU sanctions nearly 1,600 Russian people and firms linked to drone and missile parts
Sun, 11 Oct 2026
- Six senators call for Trump administration to immediately reverse course on Russian diesel plan
- Trump sticks with tariffs even as US voters turn against them before the midterms
- DOJ says its investigating whether White House TV pools coverage halt violated antitrust law
Sat, 10 Oct 2026
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- Latino nonprofits start their own shops to make helping small businesses their business
- Boosting US oil supplies with Russian diesel unlikely to have much impact on prices, experts say
Fri, 09 Oct 2026
- Trump strikes deal with Putin to get diesel in sharp reversal of US policy weeks before midterms
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- Americans 75 and older are wealthiest age group, Fed survey finds
- Hurricane Isaias could nudge fuel prices higher if Gulf of Mexico refineries lose power
- EU and China strike interim trade deal that could cut Chinese hybrid exports, EU envoy says
- Trump establishes committee to investigate Federal Reserves Lisa Cook in latest effort to fire her
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Thu, 08 Oct 2026
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- Rising oil prices, falling technology stocks and reversing bond yields keep Wall Street unsettled
- The cost of drugs from Canada is set to soar for millions of Americans because of a federal rule
- Average long-term US mortgage rate at highest level in nearly 3 years after 7th weekly rise in a row
- Four astronauts return to Earth after eight months in space
- Media attorneys ask court for help in preventing White House ban until legal case is resolved
- PepsiCo is raising prices on Doritos and more after a weak quarter in North America
- Strawberry farmer hopes steam holds the key to healthy soil and a better crop
- WTO raises merchandise trade growth forecast to 3.9% as AI boom offsets hit from Middle East
- Unemployment benefit claims dipped slightly last week as layoffs remain low
- Most Americans think artificial intelligence is developing too fast, a new AP-NORC poll finds
- EU sends envoy to Beijing as rising exports from China raise economic anxiety
- Workers who said they were exploited while building US consulate in Milan agree to record payout
Wed, 07 Oct 2026
- Brazilian students in Rio de Janeiro march against the prospect of another Bolsonaro presidency
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