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- Statues adorn the facade of the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks are opening higher on Wall Street, Friday, Sept. 2, after a solid report on the jobs market last month that also didn't came in too high.(AP Photo/John Minchillo, File)
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Stocks shed early gains, end lower for 3rd straight week
By ALEX VEIGA - AP Business Writer
Fri,09/02/22-1:08AM , 405 Reads
Stocks gave up an early rally and closed lower Friday, marking their third losing week in a row and extending Wall Street's late-summer slump.
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- A hiring sign is displayed outside of a Starbucks in Schaumburg, Ill., Friday, April 1, 2022. America's employers added a healthy number of jobs last month, Friday, Sept. 2, yet slowed their hiring enough to potentially help the Federal Reserve in its fight to reduce raging inflation. The economy gained 315,000 jobs in August, a still-solid figure that pointed to an economy that remains resilient despite rising interest rates, high inflation and sluggish consumer spending. (AP Photo/Nam Y. Huh)
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Lower US job gain in August could aid Fed's inflation fight
By CHRISTOPHER RUGABER - AP Economics Writer
Thu,09/01/22-5:44PM , 203 Reads
WASHINGTON (AP) — America's employers added a healthy number of jobs last month, yet slowed their hiring enough to potentially help the Federal Reserve in its fight to reduce raging inflation.
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- An NYSE sign is seen on the floor at the New York Stock Exchange in New York, on June 15, 2022. Stocks are opening lower again on Wall Street, continuing a weak patch that has wiped out much of the gains the market made in July and early August. The S&P 500 lost about half a percent in the early going Thursday, Sept. 1. (AP Photo/Seth Wenig, File)
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Asian stock markets mixed ahead of latest US jobs reading
By JOE MCDONALD - AP Business Writer
Thu,09/01/22-1:19AM , 157 Reads
BEIJING (AP) — Asian stock markets were mixed Friday ahead of U.S. jobs data that might influence Federal Reserve plans for more interest rate hikes to cool surging inflation.

Shanghai and Seoul advanced while Tokyo and Hong Kong retreated. Oil prices rose more than $1.50 per barrel.
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- A woman bargains as she buys vegetables at a market place in Colombo, Sri Lanka, Friday, June 10, 2022. The International Monetary Fund said Thursday, Sept. 1, 2022, it has reached a staff-level agreement with Sri Lanka to provide $ 2.9 billion over four years to help salvage the country from its worst economic crisis in recent memory. (AP Photo/Eranga Jayawardena, File)
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IMF set to provide $2.9 billion to help crisis-hit Sri Lanka
By BHARATHA MALLAWARACHI - Associated Press
Thu,09/01/22-12:35AM , 434 Reads
COLOMBO, Sri Lanka (AP) — The International Monetary Fund announced Thursday it has reached a preliminary agreement to provide Sri Lanka with $2.9 billion over four years to help it recover from its worst economic crisis.
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