Asian shares mostly gain after uptick in inflation pulls US stocks lower

MANILA, Philippines (AP) — Asian are mostly higher after most stocks on Wall Street fell following a disappointing report that said last month at the U.S. wholesale level than economists had expected.

Asian shares advance ahead of Trump's deadline for imposing higher tariffs on Chinese goods

BANGKOK (AP) — Shares advanced in Asia on Monday, a day ahead of U.S. President Donald Trump’s deadline for imposing higher tariffs on goods imported from China.

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Asian shares are mixed in quiet trading as traders await cues from the Fed

BANGKOK (AP) — Shares were mixed in Asia on Tuesday after Wall Street held near its records, with traders awaiting fresh cues about interest rates from the U.S. Federal Reserve.

Business News Digest

Here are the AP’s top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP’s coverage, visit AP Newsroom’s .

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Dave Ramsey Slams Caller's Plan To Buy Home With Immigrant Parents, Calls It Financially Not Sustainable And A Path To Lifelong Dependence

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Business News Digest

AP Business Digest

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US applications for jobless benefits up modestly but remain at a healthy level

WASHINGTON (AP) — The number of Americans filing for jobless benefits rose modestly last week, a sign that employers still retaining workers despite economic uncertainty related to U.S. trade policy.

The Bank of England cuts its main interest rate to 4%, the lowest level since March 2023

LONDON (AP) — The Bank of England cut its main interest rate Thursday by a quarter percentage point to 4%, as policy makers seek to bolster the sluggish U.K. economy.

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Asian shares trade mostly higher after stocks on Wall Street extend losses

TOKYO (AP) — Asian shares were mostly higher in muted trading Wednesday, after discouraging signs about the U.S. economy sent Wall Street shares declining, and

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Federal Reserve Governor Kugler steps down, giving Trump slot to fill

WASHINGTON (AP) — The Federal Reserve that governor Adriana Kugler will step down next week, opening up a spot on the central bank's powerful board that President Donald Trump will be able to fill.

Exxon Mobil Q2 profit dips to lowest level in 4 years as energy prices slide

NEW YORK (AP) — Exxon Mobil’s second-quarter profit dropped to the lowest level in four years and sales fell as oil prices slumped with OPEC+ ramping up production.

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CVS Health hikes 2025 forecast again, boosted by insurance, pharmacy businesses

CVS Health topped Wall Street expectations for the second quarter and hiked its , as the health care giant continued to rally under new management from a forgettable 2024.

Microsoft's annual cloud revenue hits $75B, profit beats expectations

Microsoft said Wednesday that annual revenue for its flagship Azure cloud computing platform has surpassed $75 billion, up 34% from a year earlier.

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Federal Reserve likely to air divisions as it keeps rates unchanged

WASHINGTON (AP) — Two top Federal Reserve officials could dissent from the central bank’s likely decision Wednesday to hold its key interest rate steady, a sign of division at the Fed that reflects the economy's muddy outlook and possibly the jockeying to replace Chair Jerome Powell when his term ends in May 2026.

P&G to increase prices in part due to tariffs as shoppers remain cautious and delay purchases

NEW YORK (AP) — Consumer products giant Procter & Gamble offered an annual earnings outlook that was below analysts' projections and said it would raise prices on about a quarter of its products in the U.S. in part due to higher costs from President Donald Trump's .

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Who wants to be a millionaire? 1 in 10 Americans already is but the status loses its luster

NEW YORK (AP) — As a child, Heidi Barley watched her family pay for groceries with food stamps. As a college student, she dropped out because she couldn’t afford tuition. In her twenties, already scraping by, she was forced to take a pay cut that shrunk her salary to just $34,000 a year.

Asian shares are mixed after Wall Street sets more records for US stocks

BANGKOK (AP) — Stock markets in Asia were mixed on Monday after U.S. stocks rose to as they closed out another winning week.

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Fed chair tells Trump he has his facts wrong on central bank's renovation costs

WASHINGTON (AP) — President Donald Trump rattled off a number to shame Federal Reserve Chair Jerome Powell about the of the Fed's headquarters — and America's central banker . Live on video.

Europe's central bank to hold off on another rate cut until it knows how bad the tariff blow will be

FRANKFURT, Germany (AP) — The European Central Bank will likely hold off on making another interest rate cut Thursday, choosing to wait until it can measure the size of any economic blow from .

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US home sales fall in June as prices soar to new heights

LOS ANGELES (AP) — Sales of previously occupied U.S. homes slid in June to the slowest pace since last September as remained elevated and national median sales prices hit unprecedented levels.

Coca-Cola reports weakening global sales volumes in second quarter

Coca-Cola reported better-than-expected earnings in the second quarter as higher prices offset weaker sales volumes.