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Stocks slip as Wall Street braces for big hike in rates

NEW YORK (AP) — Stocks are slipping in shaky trading on Wall Street Wednesday after a highly anticipated report on inflation turned out to be even worse than expected. The S&P 500 was 0.3% lower after tumbling as much as 1.6% earlier in the morning. The Dow Jones Industrial Average was...

US, allies aim to cap Russian oil prices to hinder invasion

WASHINGTON (AP) — With thousands of sanctions already imposed on Russia to flatten its economy, the U.S. and its allies are working on new measures to starve the Russian war machine while also stopping the price of oil and gasoline from soaring to levels that could crush the global economy....

With US dollar nearly equal to euro, impact is being felt

WASHINGTON (AP) — The U.S. dollar has been surging so much that it's nearly equal in value to the euro for the first time in 20 years. That trend, though, threatens to hurt American companies because their goods become more expensive for foreign buyers. If U.S. exports were to weaken as a...