The latest on developments in financial markets (All times local):
WASHINGTON (AP) — Surging gasoline prices pulled U.S. consumer inflation up 0.4 percent in November.
WASHINGTON (AP) — Rising gasoline prices lift US consumer inflation 0.4 percent in November.
DETROIT (AP) — Hyundai and Kia are recalling more than a half-million compact cars in the U.S. because the brake lights may not go out when the pedal is released.
Every December, carmakers and dealerships scramble to hit end-of-year goals and sell off vehicles from the outgoing model year. But this December might be one for the record books. Inventory is at unusually high levels, and the push to clear it will be far more aggressive than in years past. Rebates will be generous — particularly on sedans, which are not nearly as popular as SUVs. So bargain hunters can find significant savings.
WASHINGTON (AP) — On the day when Janet Yellen will hold her final news conference as Federal Reserve chair, the Fed has left little doubt what it plans to do Wednesday: Raise its benchmark interest rate for the third time this year.
BEIJING (AP) — Asian stocks were mixed Wednesday following overnight gains on Wall Street as investors looked ahead to a likely U.S. interest rate hike.
If the House Republican tax bill became law, victims of hurricanes in Texas and Florida who've yet to account for all their losses could deduct them on their 2018 taxes. Not so for victims of the California wildfires.
Banks led U.S. stocks mostly higher Tuesday, bringing more records for the major indexes. The Standard & Poor's 500 index and the Dow Jones industrial average closed at all-time highs for the second time this week. A slide in technology stocks pulled the Nasdaq lower. Small-company stocks also lagged.