EXPLAINER: How the strong U.S. dollar tin affect everyone
NEW YORK (AP) — The buck isn't stopping.
The price of the U.S. dollar has been on a tear for additional than a year opposed to each item from the British pound across the Atlantic to the South Korean won across the Pacific.
After rising on one occasion additional Friday, the dollar is near its highest flat inside additional than set of two decades opposed to a answer register measuring sextet greatest currencies, including the euro with every one other accompanied by Japanese yen. Many professional investors don't expect it to ease off anytime soon.
The dollar's rise affects almost everyone, flat those who will never depart from the U.S. borders. Here's a look at what's driving the U.S. dollar higher with every one other accompanied by what it tin signify for investors with every one other accompanied by households:
WHAT DOES IT MEAN TO SAY THE DOLLAR IS STRONGER?
Essentially that one dollar tin buy additional of another currency than it could before.
Consider the Japanese yen. A year ago, $1 could obtain a little less than 110 yen. Now, it tin buy 143. That's concerning 30% additional with every one other accompanied by one of the biggest moves the U.S. dollar has made opposed to another currency.
Foreign currency values are constantly shifting opposed to every one other while banks, businesses with every one other accompanied by traders buy with every one other accompanied by sell them inside hour dated zones around the world.
The U.S. Dollar index, which measures the dollar opposed to the euro, yen with every one other accompanied by other greatest currencies, has climbed additional than 14% this year. The gain looks flat additional magnificent compared opposed to other investments, most of which have had a dismal year. U.S. stocks are down additional than 19%, bitcoin has additional than halved with every one other accompanied by gold medal has lost additional than 7%.
Inflation
Queen's demise both be brave enough with every one other accompanied by reprieve for new UK leader
Royal fans present with London tourism a bump amid UK monetary woes
Business Highlights: Wall Street decline, digital dollar
Wall Street falls while FedEx warning adds to market woes
WHY IS THE DOLLAR STRENGTHENING?
Because the U.S. affluence is doing better than others.
Even though inflation is high, the U.S. position of employment market has remained remarkably solid. And other areas of the economy, such while the services sector, have been resilient.
That's helped offset worries concerning a slowing homes manufacturing with every one other accompanied by other parts of the affluence that do finest when attentiveness rates are low. That inside turn has traders expecting the Federal Reserve to go nearer behind into and not here of on its word of honour to retain hiking attentiveness rates sharply, with every one other accompanied by to clasp them there a while, inside hopes of knocking down the worst inflation inside 40 years.
Such expectations have helped the yield of a 10-year Treasury additional than dual to 3.44% from violently 1.33% a year ago.
WHO CARES ABOUT BOND YIELDS?
Investors who want to build additional income off their money. And those juicier U.S. yields are sketch investors from all over the world.
Other centre banks have been less aggressive than the Fed since their economies seem to exist additional fragile. The European Central Bank fair raised its answer percentage by the largest amount ever, three-quarters of a percentage point. But the Fed has by that hour dated raised its answer percentage by that amount twice this year, accompanied by a third expected this upcoming week. Some traders flat speak a gargantuan hike of a filled percentage point could exist possible, following a hotter-than-expected report on U.S. inflation Tuesday.
Partly since of that less aggressive bent, 10-year bonds across Europe with every one other accompanied by other areas of the world provide a a large amount of foot yields than U.S. Treasurys, such while Germany's 1.75% with every one other accompanied by Japan's 0.25%. When investors from Asia with every one other accompanied by Europe buy Treasurys, they have to commerce their own currencies for U.S. dollars. That pushes up the dollar's value.
A STRONG DOLLAR HELPS U.S. TOURISTS, RIGHT?
Yes. U.S. travelers inside Tokyo spending 10,000 yen on dinner will exist using 23% fewer dollars than a year ago for the same-priced meal.
With the dollar up sharply so a lengthy way this year opposed to each item from the Argentine peso to the Egyptian pound to the South Korean won, the dollar is going further inside numerous countries than before.
DOES IT HELP ONLY RICH PEOPLE WHO CAN AFFORD TO TRAVEL ABROAD?
No. A stronger dollar too helps U.S. shoppers by keeping a lid on prices for imports with every one other accompanied by pushing downward on inflation.
When the dollar is rising opposed to the euro, for example, European companies build additional euros on every one $1 of sales. With that cushion, they could gash the dollar cost for their products with every one other accompanied by still build the same amount of euros. They could too depart from the cost inside dollars all alone with every one other accompanied by compartment the additional euros, or they could find some stability of the two.
Prices for imports fell 1% inside August from a month earlier, following July's 1.5% drop, offering some reassurance amid the nation's high inflation. Prices for imported fruits, nuts with every one other accompanied by some peels dropped 8.7%, for example. They're down 3% from a year earlier.
A stronger dollar tin retain prices inside inspect for commodities generally. That's since oil, gold medal with every one other accompanied by others are bought with every one other accompanied by sold inside U.S. dollars around the world. When the dollar rises opposed to the yen, a Japanese purchaser tin obtain fewer barrels of crude for the same number of yen while before. That tin signify less upward pressure on lubricant prices.
SO THERE ARE ONLY WINNERS FROM A STRONG DOLLAR?
No. U.S. companies that sell overseas are seeing their profits obtain squeezed.
At McDonald's, income fell 3% throughout the summer from a year earlier. But if the dollar's price had simply stayed place opposed to other currencies, the company's income would have been 3% higher. Microsoft, meanwhile, said changes inside foreign-currency values sliced $595 million off its income inside the latest quarter.
A twine of other companies have specified similar warnings recently, with every one other accompanied by further gains for the dollar could add additional pressure on profits. Companies inside the S&P 500 register obtain violently 40% of their income from external outside the United States, according to FactSet.
ANY OTHER COLLATERAL DAMAGE?
A strong dollar tin place a monetary compress across the developing world. Many companies with every one other accompanied by governments inside such emerging markets take while a loan money inside U.S.-dollar terms, while an alternative of inside their own currencies. When they must repay their debts inside U.S. dollars, while their own currencies buy fewer dollars by the day, it tin create lots of stress.
WHERE'S THE DOLLAR HEADING FROM HERE?
The dollar's biggest moves may exist behind it, nevertheless numerous professionals expect the dollar to at least remain this high a while.
Tuesday's report on U.S. inflation shocked the market with every one other accompanied by showed it remains additional stubborn than expected. That has traders upping bets for Fed percentage hikes going into following year. Fed officials have been occupied not long ago reaffirming their commitment to keeping rates high "until the position of employment is done" inside breaking the nation's high inflation, flat if it damages monetary growth.
That bias in the direction of still-higher rates by the Fed should carry on accompanied by to provide support for the price of the U.S. dollar.
For the dollar to weaken meaningfully, strategists wrote inside a BofA Global Research report, "the Fed has to obtain additional worried concerning grow than inflation — with every one other accompanied by we are not there yet."
AP NEWSTop StoriesVideoContact UsAccessibility StatementCookie SettingsDownload AP NEWSConnect accompanied by the definitive spring for worldwide with every one other accompanied by local newsMore from APap.orgAP InsightsAP Definitive Source BlogAP Images SpotlightAP ExploreAP BooksAP StylebookFollow APThe Associated PressAboutContactCustomer SupportCareersTerms & ConditionsPrivacyAll contents © copyright 2022 The Associated Press. All rights reserved.window['titanium-config'] = {"env":"prod","base":"https://apnews.com","afsApi":"https://afs-prod.appspot.com/api/v2","gcsRoot":"https://storage.googleapis.com/afs-prod","googleAnalyticsId":"UA-19104461-33","googleTagManagerId":"GTM-MCLSCF8","dfpEnvironment":"PRODUCTION","newRelicServerConfig":"./config/newrelic/prod","appVersion":"1047","pianoAid":"wwB5UljV1U","sailThru":true,"gcs":{"projectId":"apnews-prod","bucketId":"apnews-prod","keyFileName":"apnews-dev-cd53a2eb62de.json","immersiveBasePath":"immersive"}}; window['titanium-state'] = {"eyebrow":{"loading":{},"error":{},"data":{},"loadedAt":{},"expiration":120000},"markdown":{"loading":{},"error":{},"data":{},"loadedAt":{},"expiration":600000},"hub":{"loading":{},"error":{},"data":{},"loadedAt":{},"expiration":120000},"card":{"loading":{"afs:Card:399674112139-8c3b111e940faace365c802bb957e2c1":false},"error":{"afs:Card:399674112139-8c3b111e940faace365c802bb957e2c1":null},"data":{"afs:Card:399674112139-8c3b111e940faace365c802bb957e2c1":{"id":"afs:Card:399674112139","shortId":"afs:Card:399674112139","allowAd":true,"borderColor":null,"brackets":null,"bracketsSettings":null,"cardTitle":"Inflation","embedCardTitleColor":null,"cardHeadline":null,"cardType":"Hub Peek","collectionTagObjs":{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},"contents":[],"disclaimerText":null,"dividerColor":"#000000","expandedStoryCount":null,"feed":[{"id":"urn:publicid:ap.org:a05861ca9cdba272fa07a3766eb799f2","shortId":"urn:publicid:ap.org:a05861ca9cdba272fa07a3766eb799f2","allowAd":true,"borderColor":null,"brackets":null,"bracketsSettings":null,"cardTitle":null,"embedCardTitleColor":null,"cardHeadline":null,"cardType":"Wire Story","collectionTagObjs":null,"contents":[{"id":"urn:publicid:ap.org:a05861ca9cdba272fa07a3766eb799f2","shortId":"a05861ca9cdba272fa07a3766eb799f2","bylines":"By JILL LAWLESS","canonicalUrl":"russia-ukraine-queen-elizabeth-ii-united-nations-general-assembly-inflation-boris-johnson","contentType":"text","disableConnatix":false,"downloadSettings":{},"embedCaption":null,"embedHeight":null,"embedHTML":null,"embedLinkURL":null,"firstWords":"\u003cp>LONDON (AP) — British Prime Minister Liz Truss took office less than set of two weeks ago, restless to place her trample on management with every one other accompanied by facing an overflowing inbox of crises: soaring inflation, a plummeting national currency with every one other accompanied by skyrocketing vitality bills.\u003c/p>","hasTextOverlay":false,"headline":"Queen's demise both be brave enough with every one other accompanied by reprieve for new UK leader","description":null,"interactiveLinkUrl":null,"interactiveLinkUrlText":null,"language":"en","leadPhotoId":"90c37f41456443c182f8aeb8024cd5ac","leadVideoId":null,"localLinkUrl":"https://apnews.com/a05861ca9cdba272fa07a3766eb799f2","localMemberName":null,"media":[{"id":"90c37f41456443c182f8aeb8024cd5ac","type":"Photo","caption":"\u003cp>FILE - Britain's Prime Minister Liz Truss attends a memorial work for Britain's Queen Elizabeth II at St Anne's Cathedral inside Belfast, Tuesday Sept. 13, 2022. British Prime Minister Liz Truss took office less than set of two weeks ago, restless to place her trample on government. The demise of Queen Elizabeth II ripped up Truss's carefully laid plans for the earliest weeks of her term, putting daily government inside the U.K. on clasp while the country was plunged into official with every one other accompanied by emotional mourning. (Liam McBurney/Pool via AP, File)\u003c/p>","order":0,"imageMimeType":"image/jpeg","imageFileExtension":".jpeg","imageRenderedSizes":[3000,2000,1000,800,600,400,200],"aspectRatio":1.54380548050946,"gcsBaseUrl":"https://storage.googleapis.com/afs-prod/media/90c37f41456443c182f8aeb8024cd5ac/","embedCaption":null,"uploaded":true,"flattenedCaption":"FILE - Britain's Prime Minister Liz Truss attends a memorial work for Britain's Queen Elizabeth II at St Anne's Cathedral inside Belfast, Tuesday Sept. 13, 2022. British Prime Minister Liz Truss took office less than set of two weeks ago, restless to place her trample on government. The demise of Queen Elizabeth II ripped up Truss's carefully laid plans for the earliest weeks of her term, putting daily government inside the U.K. on clasp while the country was plunged into official with every one other accompanied by emotional mourning. (Liam McBurney/Pool via AP, File)","updated":"2022-09-17T17:52:47.045202","alignment":null,"videoMimeType":null,"videoFileExtension":null,"videoRenderedSizes":[],"externalId":null,"audioMimeType":null,"audioFileExtension":null,"title":null,"noEmbedCaption":false,"headline":"Britain Royals Politics","jwMediaId":null,"jwVideoStatus":null}],"audioMedia":[],"mediumIds":["90c37f41456443c182f8aeb8024cd5ac","09caaa3deec0401395e4c7ddf8f7a598","4894b554234948be813f036c2c54feef","f9321f5f832a49488523c0782079bcad","2e46770fc9c14644860dc4a857bdabdd"],"mediaCount":5,"published":"2022-09-17 13:39:51","tagObjs":[{"id":"QueenElizabethII","name":"Queen Elizabeth II","canonicalName":"queen-elizabeth-ii","isPr":false},{"id":"UnitedNationsGeneralAssembly","name":"United Nations General Assembly","canonicalName":"united-nations-general-assembly","isPr":false},{"id":"Russia-Ukraine","name":"Russia-Ukraine war","canonicalName":"russia-ukraine","isPr":false},{"id":"BorisJohnson","name":"Boris Johnson","canonicalName":"boris-johnson","isPr":false},{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"KingCharlesIII","name":"King Charles III","canonicalName":"king-charles-iii","isPr":false},{"id":"apf-europe","name":"Europe","canonicalName":"europe","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"apf-WorldNews","name":"World News","canonicalName":"world-news","isPr":false},{"id":"London","name":"London","canonicalName":"london","isPr":false},{"id":"UnitedNations","name":"United Nations","canonicalName":"united-nations","isPr":false},{"id":"Brexit","name":"Brexit","canonicalName":"brexit","isPr":false},{"id":"LizTruss","name":"Liz Truss","canonicalName":"liz-truss","isPr":false},{"id":"Governmentandpolitics","name":"Government with every one other accompanied by politics","canonicalName":"government-and-politics","isPr":false}],"updated":"2022-09-17 17:52:21","tagIds":["QueenElizabethII","Russia-Ukraine","UnitedNationsGeneralAssembly","KingCharlesIII","BorisJohnson","Inflation","London","Governmentandpolitics","Brexit","apf-europe","apf-WorldNews","LizTruss","apf-business","UnitedNations","apf-GeneralNews"],"title":"EU--Britain-Royals-Politics","contentSponsor":null,"layoutType":"Small Photo","stackedStory":true,"notificationId":null,"eyebrow":null,"richEmbeds":[{"id":"afs:Card:140340232825","tag":null,"type":"Hub Peek","calloutText":null,"displayName":null,"leadHubLink":null,"richEmbedDetail":{"data":"https://apnews.com/hub/queen-elizabeth-ii","rule":"url","style":"Column List"},"isPermanentlyPlaced":true}],"sponsored":false,"contentBundle":null,"movieTitle":null,"immersiveUrl":null,"embedRatio":null,"embedType":null,"pullQuoteObjs":[],"dateline":null,"leadVideoAutoEmbed":false,"flattenedFirstWords":"LONDON (AP) — British Prime Minister Liz Truss took office less than set of two weeks ago, restless to place her trample on management with every one other accompanied by facing an overflowing inbox of crises: soaring inflation, a plummeti...","isTpContent":false,"socialEmbeds":[],"isPrContent":false,"storyHTML":"\u003cp>LONDON (AP) — British Prime Minister Liz Truss took office less than set of two weeks ago, restless to place her trample on management with every one other accompanied by facing an overflowing inbox of crises: soaring inflation, a plummeting national currency with every one other accompanied by skyrocketing vitality bills.\u003c/p>\u003cp>\u003ca href=\"https://apnews.com/article/queen-elizabeth-ii-king-charles-iii-entertainment-world-news-81a1365e895f16ab5a5d4afd296f5857\">Then the demise of 96-year-old Queen Elizabeth II\u003c/a> ripped up Truss' carefully laid plans.\u003c/p>\u003cp>The epochal event has been both a be brave enough with every one other accompanied by a reprieve for the U.K.'s untested new leader. The monarch's demise has place daily government inside the U.K. on clasp while the country plunged into an emotional mourning period. \u003c/p>\u003cp>"It's specified her space to believe accompanied by the media off her, to plan," said political historian Anthony Seldon. "The one thing (a) main minister most lacks is hour dated to think."\u003c/p>\u003cp>Truss won a Conservative Party leadership competition on Sept. 5 with every one other accompanied by was appointed main minister by the monarch at Balmoral Castle the following day, inside one of Elizabeth's final acts.\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>Truss was informed that the monarch was gravely ill while she announced \u003ca href=\"https://apnews.com/article/russia-ukraine-boris-johnson-climate-and-environment-government-politics-9aa9651b8ace23c992bfbf2599e9f80d\">an crisis vitality package\u003c/a> inside the House of Commons on Sept. 8 that was designed to ease the impact of precipitous fuel invoice increases driven by Russia's invasion of Ukraine.\u003c/p>\u003cp>The monarch's demise was announced a few hours later, leaving numerous questions concerning the support package unanswered while Parliament was suspended throughout 10 days of official mourning.\u003c/p>\u003cdiv id='afs:Card:140340232825' class='hub-peek-embed' content-id='a05861ca9cdba272fa07a3766eb799f2'>Hub peek embed (QueenElizabethII) - Compressed layout (automatic embed) \u003c/div>\u003cp>The main minister's appearances since at that hour dated have been mostly ceremonial. She has traveled to memorial services for the monarch inside Scotland, Wales with every one other accompanied by Northern Ireland with every one other accompanied by attended the accession rite of King Charles III. On Monday, Truss will fasten hundreds of political leaders with every one other accompanied by dignitaries from around the world inside the 2,000-strong congregation for the queen's burial inside Westminster Abbey.\u003c/p>\u003cp>After that, government will return accompanied by a vengeance with every one other accompanied by Truss will try to build up for lost time. She will launch herself onto the world stage, travelling to New York to attend the United Nations General Assembly following week.\u003c/p>\u003cp>Even earlier to the funeral, Truss is silently getting to know other world leaders. She is holding private meetings this weekend accompanied by answer allies, including the main ministers of Canada, Australia with every one other accompanied by New Zealand, Irish leader Micheal Martin with every one other accompanied by President Andrzej Duda of Poland, whose country is inside the front dash of support for Ukraine.\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>A planned weekend gathering accompanied by U.S. President Joe Biden will now exist held Wednesday at the U.N. inside New York, Truss' office said Saturday.\u003c/p>\u003cp>"The fact that so numerous leaders from around the world … are flooding to London gives the new main minister ample hour dated for mushy diplomacy, those quiet conversations earlier to with every one other accompanied by following the funeral, which will assist her attain her impartial -- if it is achievable -- of 'global Britain,'" Seldon said.\u003c/p>\u003cp>Truss wants to reassure allies that she will carry on accompanied by the strong political with every one other accompanied by military support for Ukraine begun under her predecessor, Boris Johnson. At the U.N., she is too probable to encourage the world's democracies to labour additional closely with every one other inside what she has labeled a "network of liberty."\u003c/p>\u003cp>But Truss too has some bridge-building to do, mainly accompanied by Biden. The U.S. leader has expressed concerns concerning the impact of Britain's departure from the European Union on the fine tranquillity inside Northern Ireland.\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>Northern Ireland shares a border accompanied by EU subscriber Ireland, with every one other accompanied by Brexit has brought new checks on goods that have spiraled into a political crisis inside Belfast. British Unionist politicians are refusing to form a power-sharing management accompanied by Irish nationalists, saying the Brexit border checks undermine Northern Ireland's place inside the U.K.\u003c/p>\u003cp>Johnson's management announced plans to suspend the checks with every one other accompanied by rip up small portion of its Brexit treaty accompanied by the EU — a go that angered the bloc with every one other accompanied by alarmed Washington. Biden has warned that no indeed side should do anything to undermine the 1998 Good Friday Agreement, cornerstone of Northern Ireland's tranquillity process, which the U.S. was instrumental inside negotiating.\u003c/p>\u003cp>Truss says she wants to stretch not here an accord accompanied by the EU, nevertheless will push ahead accompanied by Johnson's scheme to rewrite the rules if that fails. It's unclear whether U.K.-EU relations, which hit go to and fro foot throughout Johnson's turbulent tenure, will improve under Truss. She ruffled French feathers last month when she said the "jury is out" on whether French President Emmanuel Macron is a friend or a foe.\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>At home, Truss — a small-state, free-market conservative — has been forced to depart from her political ease area with every one other accompanied by pay not here billions capping vitality prices for homes with every one other accompanied by businesses that had been facing an 80% grow following month while Russia's war inside Ukraine sends vitality prices surging.\u003c/p>\u003cp>The management will divulge additional details of its vitality package — with every one other accompanied by face sharp questions from the opposition — when lawmakers return to Parliament on Wednesday. \u003c/p>\u003cp>Then on Friday, Truss-appointed Treasury leader Kwasi Kwarteng is due to build an crisis budget statement to address the U.K.'s deteriorating monetary picture. Inflation eased slightly inside August nevertheless remains at 9.9%, the highest inside quartet decades, while the pound is at a 37-year low opposed to the dollar. The Bank of England has forecast a lengthy recession to start subsequent this year.\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>Kwarteng is probable to announce cuts to personal or corporate tax — or both — inside hopes that will spur monetary growth, though critics speak such measures assist the well-off additional than the poorest. \u003c/p>\u003cp>Newspapers report that Kwarteng too wants to remove a lid on bankers' bonuses imposed following the 2008 worldwide monetary crisis. That would exist extremely contentious, with every one other accompanied by would abruptly extremity the political truce that has followed the queen's death.\u003c/p>\u003cp>"We're beginning to see … the signs of what the new economics of Liz Truss is all about," opposition Labour Party lawmaker Margaret Hodge told the BBC. "Thinking concerning bankers at this phase is obscene."\u003c/p>\u003cp>___\u003c/p>\u003cp>Follow AP coverage of Queen Elizabeth II at \u003ca href=\"https://apnews.com/hub/queen-elizabeth-ii\">https://apnews.com/hub/queen-elizabeth-ii\u003c/a>\u003c/p>","alertLinkDateTime":null,"storyLayout":{},"reporters":[],"headlinePlacement":null,"relatedStoryEmbeds":[],"disableNativo":false}],"disclaimerText":null,"dividerColor":"#000000","expandedStoryCount":null,"feed":[],"headlineWidget":false,"hubPeekLinkText":null,"hubPeekTagId":null,"hubPeekTagName":null,"hubPeekCanonicalName":null,"hubPeekIsPr":null,"minimizedStoryCount":null,"tagObjs":[{"id":"QueenElizabethII","name":"Queen Elizabeth II","canonicalName":"queen-elizabeth-ii","isPr":false},{"id":"UnitedNationsGeneralAssembly","name":"United Nations General Assembly","canonicalName":"united-nations-general-assembly","isPr":false},{"id":"Russia-Ukraine","name":"Russia-Ukraine war","canonicalName":"russia-ukraine","isPr":false},{"id":"BorisJohnson","name":"Boris Johnson","canonicalName":"boris-johnson","isPr":false},{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"KingCharlesIII","name":"King Charles III","canonicalName":"king-charles-iii","isPr":false},{"id":"apf-europe","name":"Europe","canonicalName":"europe","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"apf-topnews","name":"AP Top News","canonicalName":"ap-top-news","isPr":false},{"id":"apf-WorldNews","name":"World News","canonicalName":"world-news","isPr":false},{"id":"London","name":"London","canonicalName":"london","isPr":false},{"id":"UnitedNations","name":"United Nations","canonicalName":"united-nations","isPr":false},{"id":"Brexit","name":"Brexit","canonicalName":"brexit","isPr":false},{"id":"LizTruss","name":"Liz Truss","canonicalName":"liz-truss","isPr":false},{"id":"Governmentandpolitics","name":"Government with every one other accompanied by politics","canonicalName":"government-and-politics","isPr":false}],"textColor":"#000000","layoutType":"null","customLayoutType":"null","styleName":null,"endDateTime":null,"teamLimit":25,"medalCounts":null,"medalsUpdated":null,"olympicYear":null,"notificationUrl":null,"notificationText":null,"notificationTitle":null,"notificationType":null,"notificationUpdated":null,"adUnits":{},"displayPositionHome":null,"displayPositionApp":null,"featuredCard":null,"publishedDate":"2022-09-17 13:39:56","enableTblRegion":false},{"id":"urn:publicid:ap.org:c1397154279a626b62085fa382920b29","shortId":"urn:publicid:ap.org:c1397154279a626b62085fa382920b29","allowAd":true,"borderColor":null,"brackets":null,"bracketsSettings":null,"cardTitle":null,"embedCardTitleColor":null,"cardHeadline":null,"cardType":"Wire Story","collectionTagObjs":null,"contents":[{"id":"urn:publicid:ap.org:c1397154279a626b62085fa382920b29","shortId":"c1397154279a626b62085fa382920b29","bylines":"By KELVIN CHAN","canonicalUrl":"queen-elizabeth-ii-inflation-covid-travel-health","contentType":"text","disableConnatix":false,"downloadSettings":{},"embedCaption":null,"embedHeight":null,"embedHTML":null,"embedLinkURL":null,"firstWords":"\u003cp>LONDON (AP) — Royal fans have poured into the heart of London to experience the flag-lined roads, pomp-filled processions and, above all, \u003ca href=\"https://apnews.com/article/queen-elizabeth-ii-boris-johnson-london-united-kingdom-898f092ee58f7a74cea64fa9d3e42cad?utm_source=homepage&utm_medium=TopNews&utm_campaign=position_7\">brave a mileslong line\u003c/a> for the once-in-a-lifetime chance to provide adieu to \u003ca href=\"https://apnews.com/hub/queen-elizabeth-ii?utm_source=apnewsnav&utm_medium=featured\">Queen Elizabeth II\u003c/a>, who died following an unprecedented septet decades on the throne.\u003c/p>","hasTextOverlay":false,"headline":"Royal fans present with London tourism a bump amid UK monetary woes","description":null,"interactiveLinkUrl":null,"interactiveLinkUrlText":null,"language":"en","leadPhotoId":"47370fe75cbe453cad3ae54e56c1a304","leadVideoId":null,"localLinkUrl":"https://apnews.com/c1397154279a626b62085fa382920b29","localMemberName":null,"media":[{"id":"47370fe75cbe453cad3ae54e56c1a304","type":"Photo","caption":"\u003cp>FILE - People sit at a terrace bar following to a painting of Queen Elizabeth II inside centre London, Tuesday, Sept. 13, 2022. Hotels, restaurants with every one other accompanied by shops are packed while royal fans stream into the heart of London to experience the flag-lined roads, pomp-filled processions with every one other accompanied by courageous a mileslong dash for the once-in-a-lifetime chance to provide adieu to Queen Elizabeth II. (AP Photo/Emilio Morenatti, File)\u003c/p>","order":0,"imageMimeType":"image/jpeg","imageFileExtension":".jpeg","imageRenderedSizes":[3000,2000,1000,800,600,400,200],"aspectRatio":1.5001500150015,"gcsBaseUrl":"https://storage.googleapis.com/afs-prod/media/47370fe75cbe453cad3ae54e56c1a304/","embedCaption":null,"uploaded":true,"flattenedCaption":"FILE - People sit at a terrace bar following to a painting of Queen Elizabeth II inside centre London, Tuesday, Sept. 13, 2022. Hotels, restaurants with every one other accompanied by shops are packed while royal fans stream into the heart of London to experience the flag-lined roads, pomp-filled processions with every one other accompanied by courageous a mileslong dash for the once-in-a-lifetime chance to provide adieu to Queen Elizabeth II. (AP Photo/Emilio Morenatti, File)","updated":"2022-09-17T06:32:04.933081","alignment":null,"videoMimeType":null,"videoFileExtension":null,"videoRenderedSizes":[],"externalId":null,"audioMimeType":null,"audioFileExtension":null,"title":null,"noEmbedCaption":false,"headline":"Britain Royals Economic Boost","jwMediaId":null,"jwVideoStatus":null}],"audioMedia":[],"mediumIds":["47370fe75cbe453cad3ae54e56c1a304","e83633109d98490486e159d1c073d505","9a7435c833e84b3d92f8efc5d202d0f8","b7aa2dde99ba475a9221f1e9644e714c","4a799e08210d4db8b3e23f4118c8237f","ca9f11a5ab8640839ba724477ab23de0","5086ec59330742f786b2594d6e53b051"],"mediaCount":7,"published":"2022-09-17 06:19:07","tagObjs":[{"id":"QueenElizabethII","name":"Queen Elizabeth II","canonicalName":"queen-elizabeth-ii","isPr":false},{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"apf-entertainment","name":"Entertainment","canonicalName":"entertainment","isPr":false},{"id":"apf-Health","name":"Health","canonicalName":"health","isPr":false},{"id":"apf-Travel","name":"Travel","canonicalName":"travel","isPr":false},{"id":"Coronaviruspandemic","name":"COVID-19","canonicalName":"coronavirus-pandemic","isPr":false},{"id":"apf-europe","name":"Europe","canonicalName":"europe","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"apf-lifestyle","name":"Lifestyle","canonicalName":"lifestyle","isPr":false},{"id":"apf-topnews","name":"AP Top News","canonicalName":"ap-top-news","isPr":false},{"id":"apf-WorldNews","name":"World News","canonicalName":"world-news","isPr":false},{"id":"Artsandentertainment","name":"Arts with every one other accompanied by entertainment","canonicalName":"arts-and-entertainment","isPr":false},{"id":"India","name":"India","canonicalName":"india","isPr":false},{"id":"London","name":"London","canonicalName":"london","isPr":false},{"id":"Economy","name":"Economy","canonicalName":"economy","isPr":false},{"id":"Prices","name":"Prices","canonicalName":"prices","isPr":false}],"updated":"2022-09-17 06:18:35","tagIds":["QueenElizabethII","Inflation","apf-entertainment","apf-Travel","apf-Health","Coronaviruspandemic","apf-WorldNews","Prices","apf-europe","Artsandentertainment","apf-lifestyle","India","London","apf-business","Economy","apf-topnews","apf-GeneralNews"],"title":"EU--Britain-Royals-Economic Boost","contentSponsor":null,"layoutType":"Small Photo","stackedStory":true,"notificationId":null,"eyebrow":null,"richEmbeds":[{"id":"afs:Card:140340232825","tag":null,"type":"Hub Peek","calloutText":null,"displayName":null,"leadHubLink":null,"richEmbedDetail":{"data":"https://apnews.com/hub/queen-elizabeth-ii","rule":"url","style":"Column List"},"isPermanentlyPlaced":true}],"sponsored":false,"contentBundle":null,"movieTitle":null,"immersiveUrl":null,"embedRatio":null,"embedType":null,"pullQuoteObjs":[],"dateline":null,"leadVideoAutoEmbed":false,"flattenedFirstWords":"LONDON (AP) — Royal fans have poured into the heart of London to experience the flag-lined roads, pomp-filled processions and, above all, courageous a mileslong dash for the once-in-a-lifetime chance to...","isTpContent":false,"socialEmbeds":[],"isPrContent":false,"storyHTML":"\u003cp>LONDON (AP) — Royal fans have poured into the heart of London to experience the flag-lined roads, pomp-filled processions and, above all, \u003ca href=\"https://apnews.com/article/queen-elizabeth-ii-boris-johnson-london-united-kingdom-898f092ee58f7a74cea64fa9d3e42cad?utm_source=homepage&utm_medium=TopNews&utm_campaign=position_7\">brave a mileslong line\u003c/a> for the once-in-a-lifetime chance to provide adieu to \u003ca href=\"https://apnews.com/hub/queen-elizabeth-ii?utm_source=apnewsnav&utm_medium=featured\">Queen Elizabeth II\u003c/a>, who died following an unprecedented septet decades on the throne. And while they're here, they're packing hotels, restaurants with every one other accompanied by shops.\u003c/p>\u003cp>Visitors crowding into centre London from while a lengthy way away while the U.S. with every one other accompanied by India for the famous little while are giving a boost to businesses at a hour dated when the British affluence is facing a \u003ca href=\"https://apnews.com/article/inflation-boris-johnson-london-prices-261588f042ffe5cfeac3ea8e1db0f637\">cost-of-living crisis\u003c/a> fueled by the highest inflation inside quartet decades with every one other accompanied by \u003ca href=\"https://apnews.com/article/inflation-russia-ukraine-united-kingdom-3b41a590eda012fa9da043a53324d00b\">predictions of a looming recession\u003c/a>.\u003c/p>\u003cp>"This is the history, you know, this happens on one occasion inside the lifetime," said Kanakkantt Benedict, who was visiting from India accompanied by his spouse with every one other accompanied by filed past the queen's flag-draped coffin this week. "So we became a small portion of it."\u003c/p>\u003cp>The pomp with every one other accompanied by pageantry leading up to the burial for Britain's longest-reigning monarch underscored the royal family's ability while a worldwide attraction, from an elaborate military procession for her crown-topped coffin sketch exist viewers around the world to piles of flowers filling up Green Park near Buckingham Palace with every one other accompanied by \u003ca href=\"https://apnews.com/article/queen-elizabeth-ii-king-charles-iii-travel-london-d7461689618d811c6e80ead5c135193e\">gift shops hastily churning not here souvenirs\u003c/a> commemorating the queen's existence while people clamor for mementos.\u003c/p>\u003cdiv id='afs:Card:140340232825' class='hub-peek-embed' content-id='c1397154279a626b62085fa382920b29'>Hub peek embed (QueenElizabethII) - Compressed layout (automatic embed) \u003c/div>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>Hundreds of thousands are expected to pay tribute to the monarch inside the quartet days that her body lies inside condition ahead of her condition burial Monday, pushing up request for innmotel rooms inside centre London that inside some cases have doubled inside price.\u003c/p>\u003cp>Hundreds of world leaders, from U.S. President Joe Biden to Japan's emperor with every one other accompanied by empress, and their entourages need places to remain while they come for the queen's funeral. So do police officers coming from around Britain to assist accompanied by security.\u003c/p>\u003cp>Occupancy levels could stretch not here an all-time high of 95%, according to London-based group-booking platform Hotelplanner.com.\u003c/p>\u003cp>"That's not surprising when you believe concerning that the eyes of the world really are on the first city with every one other accompanied by the media, dignitaries with every one other accompanied by members of the public, fair exist fond of myself, who fair want to exist small portion of such a famous occasion," said Thomas Emanuel, older director of innmotel analytics firm STR. \u003c/p>\u003cp>All 35 rooms at the two-star Corbigoe Hotel inside London's Victoria neighborhood, near Buckingham Palace, were booked, duty executive Riaz Badar said. \u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>"Nowadays, rooms are filled inside this area, not only inside our innmotel nevertheless around all the hotels inside this area,\" Badar said. \u003c/p>\u003cp>On the Thames, the Riverside Cafe that's following to the \u003ca href=\"https://apnews.com/article/queen-elizabeth-ii-king-charles-iii-london-cfd45e553262174762b5fd6752d6ec07\">mileslong, round-the-clock line\u003c/a> for people to obtain a glimpse of the queen's coffin, has been "extremely busy," executive Zab Istanik said. He's been opening set of two hours earlier than normal, at 7 a.m. \u003c/p>\u003cp>"We were occupied exist fond of this when the Queen Mum passed away inside 2002. But it wasn't while occupied while it is ... this week," Istanik said.\u003c/p>\u003cp>Also on the route, Jason Rich's food stall, Fed By Plants, was doing brisk work selling lentil burgers. \u003c/p>\u003cp>"It's a lengthy queue,\" Rich said. "So certainly it had a good boost on the business."\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>The U.K. was by that hour dated an attractive place to pay someone a call while request rebounds for international journey since the COVID-19 pandemic with every one other accompanied by the weakened pound, mainly for American visitors, makes transatlantic journey additional affordable. \u003c/p>\u003cp>University professor Chad Broughton, 51, who was visiting London from Chicago accompanied by set of two friends following a lengthy pandemic delay, said their innmotel space inside the tourist-heavy Covent Garden neighbourhood was pricey at 400 pounds ($456) a night.\u003c/p>\u003cp>But the trip to London was unique. "Seeing all these people queued up, seeing the response on BBC with every one other accompanied by fair touch this, you obtain a sensory power of how important it is to the people here,\" he said.\u003c/p>\u003cp>Plus, costs were offset by the currency's fall, friend Josh Walsman said.\u003c/p>\u003cp>"We've found each item to exist a attractive surprising value," Walsman, 51-year-old musician, said while they walked by Westminster Hall, where mourners inside paid homage to the monarch with every one other accompanied by tourists external outside snapped photos on streets closed to traffic. \u003c/p>\u003cp>Walsman said they went to a Champions League soccer match, had tickets for a amuse oneself with every one other accompanied by a dinner doubt at the upscale Cinnamon Club Indian restaurant. \u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>"We've been mostly spending our money at pubs," he said. "The conversion percentage has meant that every one hour dated a invoice comes, it's like, 'Oh, I idea it was concerning 30% more.'" \u003c/p>\u003cp>The pound briefly slumped to a 37-year low opposed to the dollar on Friday following U.K. retail sales volumes slid additional than expected inside August — a fresh sign of monetary weakness.\u003c/p>\u003cp>The British affluence is reeling from \u003ca href=\"https://apnews.com/article/russia-ukraine-france-germany-prices-da1d935fa8bcba4c283f7c5b559a5c9a\">rising vitality prices\u003c/a> spurred by \u003ca href=\"https://apnews.com/hub/russia-ukraine?utm_source=apnewsnav&utm_medium=featured\">Russia's war inside Ukraine\u003c/a>, driving the worst cost-of-living crisis inside a generation. The management said it will \u003ca href=\"https://apnews.com/article/russia-ukraine-boris-johnson-climate-and-environment-government-politics-9aa9651b8ace23c992bfbf2599e9f80d\">cap vitality bills for households with every one other accompanied by businesses\u003c/a>, nevertheless prices are still painfully high. \u003ca href=\"https://apnews.com/article/inflation-prices-consumer-84551f1094e8f95a7d2d63adfe67eec2\">Inflation is the highest\u003c/a> inside the Group of Seven economies, at 9.9%.\u003c/p>\u003cp>With that backdrop, the money actuality spent by visitors offered a glimmer of hope. \u003c/p>\u003cp>"Speaking to our hospitality sector, not fair our hotels, nevertheless restaurants, bars with every one other accompanied by pubs, they've had an awful trio years since of this pandemic,\" London Mayor Sadiq Khan said.\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>Budget innmotel operator Travelodge said it's ordered additional breakfast supplies for its 78 London hotels for Monday, saying it expects numerous mourners to start their day accompanied by a \"traditional filled English" breakfast. Pub chain JD Wetherspoon says it will retain its pubs inside centre London not shut Monday throughout the queen's funeral.\u003c/p>\u003cp>Some analysts predicted the all-inclusive monetary boost for the U.K. from the royal mourning time would exist limited. That's since it would exist offset by supermarkets, retailers, hardware stores with every one other accompanied by other businesses closing for the burial Monday, which has been made a condition holiday. \u003c/p>\u003cp>However, renewed attentiveness inside the royal family could present with an extended boost to the journey with every one other accompanied by tourism industry, said Tim Hentschel, co-founder with every one other accompanied by CEO of Hotelplanner.com.\u003c/p>\u003cp>"Yes, short term, the edge holiday will inside all likelihood gash down productivity a little bit,\" Hentschel said. But "the all-inclusive momentum that the U.K. is going to gain from all the tourism that's going to flock here over the following few days with every one other accompanied by at that hour dated over the following few months will a lengthy way outweigh\" the short-term loss. \u003c/p>\u003cp>___\u003c/p>\u003cp>AP journalists Kwiyeon Ha, Jeffrey Schaeffer with every one other accompanied by Tian Macleod Ji contributed from London.\u003c/p>\u003cp>___\u003c/p>\u003cp>Follow AP coverage of Queen Elizabeth II at \u003ca href=\"https://apnews.com/hub/queen-elizabeth-ii\">https://apnews.com/hub/queen-elizabeth-ii\u003c/a>.\u003c/p>","alertLinkDateTime":null,"storyLayout":{},"reporters":[],"headlinePlacement":null,"relatedStoryEmbeds":[],"disableNativo":false}],"disclaimerText":null,"dividerColor":"#000000","expandedStoryCount":null,"feed":[],"headlineWidget":false,"hubPeekLinkText":null,"hubPeekTagId":null,"hubPeekTagName":null,"hubPeekCanonicalName":null,"hubPeekIsPr":null,"minimizedStoryCount":null,"tagObjs":[{"id":"QueenElizabethII","name":"Queen Elizabeth II","canonicalName":"queen-elizabeth-ii","isPr":false},{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"apf-entertainment","name":"Entertainment","canonicalName":"entertainment","isPr":false},{"id":"apf-Health","name":"Health","canonicalName":"health","isPr":false},{"id":"apf-Travel","name":"Travel","canonicalName":"travel","isPr":false},{"id":"Coronaviruspandemic","name":"COVID-19","canonicalName":"coronavirus-pandemic","isPr":false},{"id":"apf-europe","name":"Europe","canonicalName":"europe","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"apf-lifestyle","name":"Lifestyle","canonicalName":"lifestyle","isPr":false},{"id":"apf-topnews","name":"AP Top News","canonicalName":"ap-top-news","isPr":false},{"id":"apf-WorldNews","name":"World News","canonicalName":"world-news","isPr":false},{"id":"Artsandentertainment","name":"Arts with every one other accompanied by entertainment","canonicalName":"arts-and-entertainment","isPr":false},{"id":"India","name":"India","canonicalName":"india","isPr":false},{"id":"London","name":"London","canonicalName":"london","isPr":false},{"id":"Economy","name":"Economy","canonicalName":"economy","isPr":false},{"id":"Prices","name":"Prices","canonicalName":"prices","isPr":false}],"textColor":"#000000","layoutType":"null","customLayoutType":"null","styleName":null,"endDateTime":null,"teamLimit":25,"medalCounts":null,"medalsUpdated":null,"olympicYear":null,"notificationUrl":null,"notificationText":null,"notificationTitle":null,"notificationType":null,"notificationUpdated":null,"adUnits":{},"displayPositionHome":null,"displayPositionApp":null,"featuredCard":null,"publishedDate":"2022-09-17 06:19:11","enableTblRegion":false},{"id":"urn:publicid:ap.org:5b7fb1f861358ff3c56f526450b2c033","shortId":"urn:publicid:ap.org:5b7fb1f861358ff3c56f526450b2c033","allowAd":true,"borderColor":null,"brackets":null,"bracketsSettings":null,"cardTitle":null,"embedCardTitleColor":null,"cardHeadline":null,"cardType":"Wire Story","collectionTagObjs":null,"contents":[{"id":"urn:publicid:ap.org:5b7fb1f861358ff3c56f526450b2c033","shortId":"5b7fb1f861358ff3c56f526450b2c033","bylines":"By The Associated Press","canonicalUrl":"russia-ukraine-phoenix-suns-inflation-nba-sports","contentType":"text","disableConnatix":false,"downloadSettings":{},"embedCaption":null,"embedHeight":null,"embedHTML":null,"embedLinkURL":null,"firstWords":"\u003cp>___\u003c/p>\u003cp>Wall Street falls while FedEx warning adds to market woes\u003c/p>\u003cp>NEW YORK (AP) — Stocks fell in general on Wall Street, leaving the market accompanied by another week of sizable losses, while a stark warning from FedEx concerning fast worsening trends inside the affluence gave investors additional to fret about.\u003c/p>","hasTextOverlay":false,"headline":"Business Highlights: Wall Street decline, digital dollar","description":null,"interactiveLinkUrl":null,"interactiveLinkUrlText":null,"language":"en","leadPhotoId":null,"leadVideoId":null,"localLinkUrl":"https://apnews.com/5b7fb1f861358ff3c56f526450b2c033","localMemberName":null,"media":[],"audioMedia":[],"mediumIds":[],"mediaCount":0,"published":"2022-09-16 22:06:21","tagObjs":[{"id":"Russia-Ukraine","name":"Russia-Ukraine war","canonicalName":"russia-ukraine","isPr":false},{"id":"PhoenixSuns","name":"Phoenix Suns","canonicalName":"phoenix-suns","isPr":false},{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"NBA","name":"NBA","canonicalName":"nba","isPr":false},{"id":"apf-sports","name":"Sports","canonicalName":"sports","isPr":false},{"id":"apf-europe","name":"Europe","canonicalName":"europe","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"Economy","name":"Economy","canonicalName":"economy","isPr":false},{"id":"BusinessHighlights","name":"Business Highlights","canonicalName":"business-highlights","isPr":false}],"updated":"2022-09-16 22:05:59","tagIds":["Russia-Ukraine","PhoenixSuns","Inflation","NBA","apf-sports","apf-europe","apf-business","Economy","BusinessHighlights","apf-GeneralNews"],"title":"Business Highlights","contentSponsor":null,"layoutType":"Text","stackedStory":true,"notificationId":null,"eyebrow":null,"richEmbeds":[{"id":"afs:Card:246675595414","tag":null,"type":"Hub Peek","calloutText":null,"displayName":null,"leadHubLink":null,"richEmbedDetail":{"data":6,"rule":"seo","style":"Column List"},"isPermanentlyPlaced":true}],"sponsored":false,"contentBundle":null,"movieTitle":null,"immersiveUrl":null,"embedRatio":null,"embedType":null,"pullQuoteObjs":[],"dateline":null,"leadVideoAutoEmbed":false,"flattenedFirstWords":"___Wall Street falls while FedEx warning adds to market woesNEW YORK (AP) — Stocks fell in general on Wall Street, leaving the market accompanied by another week of sizable losses, while a stark warning from FedEx ab...","isTpContent":false,"socialEmbeds":[],"isPrContent":false,"storyHTML":"\u003cp>___\u003c/p>\u003cp>Wall Street falls while FedEx warning adds to market woes\u003c/p>\u003cp>NEW YORK (AP) — Stocks fell in general on Wall Street, leaving the market accompanied by another week of sizable losses, while a stark warning from FedEx concerning fast worsening trends inside the affluence gave investors additional to fret about. The S&P 500 fell 0.7% Friday. The Nasdaq lost almost 1% with every one other accompanied by the Dow lost almost fifty per cent of a percent. FedEx had its biggest mislaying on record following saying a sharp drop-off inside its work had worsened inside recent weeks. Markets were by that hour dated on border since of stubbornly high inflation while well while the higher attentiveness rates actuality used to fight it, which will slow the economy.\u003c/p>\u003cp>___\u003c/p>\u003cp>Treasury recommends exploring design of a digital dollar\u003c/p>\u003cp>WASHINGTON (AP) — The Biden management is moving one step closer to developing a centre edge digital currency, known while the digital dollar. Administration officials speak it'd assist build strong the U.S. part while a leader inside the world monetary system. The White House said Friday that following President Joe Biden issued an administrative order inside March calling on agencies to look at ways to jurisdiction digital assets, the agencies came up accompanied by nine reports. One Treasury recommendation is the U.S. "advance policy with every one other accompanied by technical labour on a potential centre edge digital currency." The Atlantic Council nonpartisan believe tank says numerous other countries by that hour dated are exploring or have created a centre edge digital currency.\u003c/p>\u003cdiv id='afs:Card:246675595414' class='hub-peek-embed' content-id='5b7fb1f861358ff3c56f526450b2c033'>Hub peek embed (Russia-Ukraine) - Compressed layout (automatic embed) \u003c/div>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>___\u003c/p>\u003cp>Serious breach at Uber spotlights hacker communal deception\u003c/p>\u003cp>SAN FRANCISCO (AP) — The ride-hailing work Uber says all its services are operational following what safety professionals are calling a greatest facts breach. It says there is no indeed proof the hacker got access to sensitive user data. But the breach, apparently by a lone hacker, place the spotlight on an increasingly effective with every one other accompanied by polished break-in routine: The hacker appears to have gained access by tricking an Uber employee into surrendering their credentials. Screenshots the hacker shared accompanied by safety researchers demonstrate they obtained filled access to the cloud-based systems where Uber stores sensitive shopper with every one other accompanied by monetary data. It is not known how a a large amount of facts the hacker took.\u003c/p>\u003cp>___\u003c/p>\u003cp>DOJ to use 'carrot with every one other accompanied by stick' approach on corporate crime\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>WASHINGTON (AP) — A top Justice Department official has announced new incentives for companies that cooperate accompanied by corporate criminal investigations with every one other accompanied by a $250 million Congressional budget appeal to expand its work. Deputy Attorney General Lisa Monaco said Thursday there has been a decline inside the number of corporate criminal prosecutions over the last decade. To assist address that, she is directing every one dividing that prosecutes corporate crime to grow programs that incentivize companies to report misconduct. In some cases, no indeed one will have to plead culpable to criminal charges if the contravention was self-reported with every one other accompanied by the firm fixed it. Companies will too exist required to go nearer forward additional fast accompanied by proof of suspected misdeeds to obtain leniency.\u003c/p>\u003cp>___\u003c/p>\u003cp>China's consumer, works activity improve nevertheless still weak\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>BEIJING (AP) — Chinese official facts show purchaser spending with every one other accompanied by works output improved inside August nevertheless were still weak. Forecasters warned the world's second-largest affluence is in danger to disruption from repeated shutdowns of cities to fight virus outbreaks. Housing sales plummeted while prices edged lower. That adds to a glide inside real possessions activity under pressure from a management military operation to jurisdiction bill that place off an monetary slump inside mid-2021. Chinese leaders are trying to prop up monetary grow that sank to 2.5% over a year earlier inside the earliest sextet months of 2022, less than fifty per cent of the official 5.5% target.\u003c/p>\u003cp>___\u003c/p>\u003cp>Oktoberfest is spine nevertheless inflation hits brewers, cost of beer\u003c/p>\u003cp>MUNICH (AP) — Oktoberfest is on tap on one occasion additional inside Germany following set of two years of pandemic cancellations. The ale will exist fair while chilly with every one other accompanied by the roast pork knuckle fair while crispy. Mayor Dieter Reiter says the return of the city's hallmark tourist event on Saturday is "beautiful." But brewers with every one other accompanied by visitors are under pressure from inflation inside ways they could hardly imagine inside 2019. Energy, barley, hops, flat paper with every one other accompanied by adhesive for labels, cardboard for cases with every one other accompanied by steel barrels have all gone up inside cost while record inflation has taken clasp across Europe. The cost of one of the hefty mugs that revelers will hoist has gone up by 15%, accompanied by the brewing manufacturing under pressure from rising costs.\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>___\u003c/p>\u003cp>PayPal says if Sarver stays, it won't carry on accompanied by to exist Suns sponsor\u003c/p>\u003cp>SAN JOSE, Calif. (AP) — PayPal says the firm will no indeed longer sponsor the Phoenix Suns if owner Robert Sarver remains small portion of the franchise when his suspension ends. PayPal says its contemporaneous collaboration deal accompanied by the Suns ends following the coming 2022-23 season, meaning it will expire throughout Sarver's one-year suspension from the NBA. Later Friday, the administrative director of the NBA players union said players want Sarver banned from the league. Sarver was suspended this week, and fined $10 million, following an investigation showed a design of lewd, misogynistic, with every one other accompanied by racist speech with every one other accompanied by behaviour throughout his 18 years while owner of the Suns.\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>___\u003c/p>\u003cp>Germany takes jurisdiction of 3 Russian-owned lubricant refineries\u003c/p>\u003cp>BERLIN (AP) — Germany is taking jurisdiction of trio Russian-owned refineries to build sure vitality safety earlier to a European Union embargo on lubricant from Russia takes effect following year. German officials said Friday that set of two subsidiaries of Russian lubricant colossus Rosneft would exist place under the management of a German management agency. As a result, the agency will too jurisdiction the companies' shares inside the refineries inside Germany. Chancellor Olaf Scholz said the go was "a far-reaching vitality policy decision to retain protected from danger our country" with every one other accompanied by that "Russia isn't a reliable supplier of vitality anymore." Rosneft accounts for concerning 12% of Germany's lubricant refining capacity. It formerly made understandable it had no indeed intention to place an extremity to importing lubricant to Germany. \u003c/p>\u003cp>___\u003c/p>\u003cp>The S&P 500 lost 28.02 points, or 0.7%, to 3,873.33. The Dow Jones Industrial Average shed 139.40 points, or 0.5%, to 30,822.42. The Nasdaq fell 103.95 points, or 0.9%, to 11,448.40. The Russell 2000 register of smaller companies fell 27.04 points, or 1.5%, to 1,798.19.\u003c/p>","alertLinkDateTime":null,"storyLayout":{},"reporters":[],"headlinePlacement":null,"relatedStoryEmbeds":[],"disableNativo":false}],"disclaimerText":null,"dividerColor":null,"expandedStoryCount":null,"feed":[],"headlineWidget":false,"hubPeekLinkText":null,"hubPeekTagId":null,"hubPeekTagName":null,"hubPeekCanonicalName":null,"hubPeekIsPr":null,"minimizedStoryCount":null,"tagObjs":[{"id":"Russia-Ukraine","name":"Russia-Ukraine war","canonicalName":"russia-ukraine","isPr":false},{"id":"PhoenixSuns","name":"Phoenix Suns","canonicalName":"phoenix-suns","isPr":false},{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"NBA","name":"NBA","canonicalName":"nba","isPr":false},{"id":"apf-sports","name":"Sports","canonicalName":"sports","isPr":false},{"id":"apf-europe","name":"Europe","canonicalName":"europe","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"Economy","name":"Economy","canonicalName":"economy","isPr":false},{"id":"BusinessHighlights","name":"Business Highlights","canonicalName":"business-highlights","isPr":false}],"textColor":null,"layoutType":null,"customLayoutType":null,"styleName":null,"endDateTime":null,"teamLimit":25,"medalCounts":null,"medalsUpdated":null,"olympicYear":null,"notificationUrl":null,"notificationText":null,"notificationTitle":null,"notificationType":null,"notificationUpdated":null,"adUnits":null,"displayPositionHome":null,"displayPositionApp":null,"featuredCard":null,"publishedDate":"2022-09-16 22:06:23","enableTblRegion":false},{"id":"urn:publicid:ap.org:d4bf027aae43a5df64bdd9366b9abce1","shortId":"urn:publicid:ap.org:d4bf027aae43a5df64bdd9366b9abce1","allowAd":true,"borderColor":null,"brackets":null,"bracketsSettings":null,"cardTitle":null,"embedCardTitleColor":null,"cardHeadline":null,"cardType":"Wire Story","collectionTagObjs":null,"contents":[{"id":"urn:publicid:ap.org:d4bf027aae43a5df64bdd9366b9abce1","shortId":"d4bf027aae43a5df64bdd9366b9abce1","bylines":"By DAMIAN J. TROISE with every one other accompanied by ALEX VEIGA","canonicalUrl":"inflation-asia-sydney-tokyo-stock-markets","contentType":"text","disableConnatix":false,"downloadSettings":{},"embedCaption":null,"embedHeight":null,"embedHTML":null,"embedLinkURL":null,"firstWords":"\u003cp>Wall Street closed not here the merchandise market's worst week inside trio months accompanied by additional losses Friday, while a stark warning from FedEx concerning fast worsening trends inside the affluence rattled by that hour dated worried investors.\u003c/p>","hasTextOverlay":false,"headline":"Wall Street falls while FedEx warning adds to market woes","description":null,"interactiveLinkUrl":null,"interactiveLinkUrlText":null,"language":"en","leadPhotoId":"6660a2958d624dff8602eac2a2c85389","leadVideoId":null,"localLinkUrl":"https://apnews.com/d4bf027aae43a5df64bdd9366b9abce1","localMemberName":null,"media":[{"id":"6660a2958d624dff8602eac2a2c85389","type":"Photo","caption":"\u003cp>A trader looks over his cell phone external outside the New York Stock Exchange, Wednesday, Sept. 14, 2022, inside the monetary neighbourhood of Manhattan inside New York. Stocks are opening in general foot on Wall Street, Friday, putting the market on track for another week of sizable losses, while a stark warning from FedEx concerning fast worsening trends inside the affluence gave investors additional to fret about. (AP Photo/Mary Altaffer)\u003c/p>","order":0,"imageMimeType":"image/jpeg","imageFileExtension":".jpeg","imageRenderedSizes":[3000,2000,1000,800,600,400,200],"aspectRatio":1.5,"gcsBaseUrl":"https://storage.googleapis.com/afs-prod/media/6660a2958d624dff8602eac2a2c85389/","embedCaption":null,"uploaded":true,"flattenedCaption":"A trader looks over his cell phone external outside the New York Stock Exchange, Wednesday, Sept. 14, 2022, inside the monetary neighbourhood of Manhattan inside New York. Stocks are opening in general foot on Wall Street, Friday, putting the market on track for another week of sizable losses, while a stark warning from FedEx concerning fast worsening trends inside the affluence gave investors additional to fret about. (AP Photo/Mary Altaffer)","updated":"2022-09-16T20:51:22.378297","alignment":null,"videoMimeType":null,"videoFileExtension":null,"videoRenderedSizes":[],"externalId":null,"audioMimeType":null,"audioFileExtension":null,"title":null,"noEmbedCaption":false,"headline":"Financial Markets Wall Street","jwMediaId":null,"jwVideoStatus":null}],"audioMedia":[],"mediumIds":["6660a2958d624dff8602eac2a2c85389"],"mediaCount":1,"published":"2022-09-16 06:00:06","tagObjs":[{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"apf-technology","name":"Technology","canonicalName":"technology","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"apf-topnews","name":"AP Top News","canonicalName":"ap-top-news","isPr":false},{"id":"Stockmarkets","name":"Stock markets","canonicalName":"stock-markets","isPr":false},{"id":"Economy","name":"Economy","canonicalName":"economy","isPr":false},{"id":"Financialmarkets","name":"Financial markets","canonicalName":"financial-markets","isPr":false}],"updated":"2022-09-16 20:48:09","tagIds":["Inflation","apf-technology","apf-business","apf-topnews","Stockmarkets","Economy","Financialmarkets","apf-GeneralNews"],"title":"Financial Markets","contentSponsor":null,"layoutType":"Small Photo","stackedStory":true,"notificationId":null,"eyebrow":null,"richEmbeds":[{"id":"afs:Card:399674112139","tag":null,"type":"Hub Peek","calloutText":null,"displayName":null,"leadHubLink":null,"richEmbedDetail":{"data":4,"rule":"seo","style":"Column List"},"isPermanentlyPlaced":true}],"sponsored":false,"contentBundle":null,"movieTitle":null,"immersiveUrl":null,"embedRatio":null,"embedType":null,"pullQuoteObjs":[],"dateline":null,"leadVideoAutoEmbed":false,"flattenedFirstWords":"Wall Street closed not here the merchandise market's worst week inside trio months accompanied by additional losses Friday, while a stark warning from FedEx concerning fast worsening trends inside the affluence rattled by that hour dated worried inv...","isTpContent":false,"socialEmbeds":[],"isPrContent":false,"storyHTML":"\u003cp>Wall Street closed not here the merchandise market's worst week inside trio months accompanied by additional losses Friday, while a stark warning from FedEx concerning fast worsening trends inside the affluence rattled by that hour dated worried investors.\u003c/p>\u003cp>The S&P 500 fell 0.7%, accompanied by all nevertheless set of two of its 11 firm sectors extremity inside the red. The benchmark register sank 4.8% for the week, accompanied by a a large amount of of the mislaying coming from a 4.3% rout on Tuesday following a surprisingly heated report on inflation. The last hour dated it posted a bigger on one occasion a week decline was the week ended June 17.\u003c/p>\u003cp>The Dow Jones Industrial Average fell 0.5% with every one other accompanied by the Nasdaq composite dropped 0.9%. The Russell 2000 register of smaller companies took the heaviest losses, falling 1.5%. \u003c/p>\u003cp>All the greatest indexes have now posted losses quartet not here of the past five weeks. \u003c/p>\u003cp>\u003ca href=\"https://apnews.com/article/earnings-fedex-corp-d9e88a4bd56b48680e5c641e3eb83ad2\">FedEx\u003c/a> sank 21.4% for its biggest single-day sell-off on record following warning investors that profits for its fiscal first-quarter will probable let fall short of forecasts since of a dropoff inside business. The package conveyance work is too shuttering storefronts with every one other accompanied by corporate offices with every one other accompanied by expects work conditions to further weaken.\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>Industrial colossus General Electric too helped place traders inside a selling framework of mind following its leader monetary officer said the firm is still bogged down by present with chain problems that were raising costs. GE shares fell 3.7%. \u003c/p>\u003cdiv id='afs:Card:399674112139' class='hub-peek-embed' content-id='d4bf027aae43a5df64bdd9366b9abce1'>Hub peek embed (Inflation) - Compressed layout (automatic embed) \u003c/div>\u003cp>The worrisome corporate updates hit a market by that hour dated on border since of stubbornly high inflation while well while the higher attentiveness rates actuality used to fight it, which will slow the economy. Wall Street is bracing for another hefty attentiveness percentage hike from the Federal Reserve following week following a gathering of centre edge policymakers.\u003c/p>\u003cp>"Based on this week's market results there's no indeed question that investors are going into the weekend, No. 1 extremely worried concerning the U.S. affluence looking into the stability of this year with every one other accompanied by No. 2, accompanied by all eyes focused on following week's Fed action," said Greg Bassuk, CEO at AXS Investments.\u003c/p>\u003cp>The S&P 500 fell 28.02 points to 3,873.33. It's now down 18.7% so a lengthy way this year. \u003c/p>\u003cp>The Dow dropped 139.40 points to 30,822.42 with every one other accompanied by the Nasdaq slid 103.95 points to 11,448.40. The Russell 2000 gave up 27.04 points to 1,798.19.\u003c/p>\u003cp>Technology stocks, banks with every one other accompanied by vitality firms had some of the biggest losses. Adobe fell 3.1%, Bank of America dropped 1.1% with every one other accompanied by Chevron slid 2.6%.\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>Makers of family goods, which are typically considered less risky investments, held up better than the relax of the market. Campbell Soup rose 1.3%.\u003c/p>\u003cp>The Federal Reserve is aggressively raising attentiveness rates inside an attempt to cool the hottest inflation inside quartet decades, nevertheless that has raised worries that it could hit the brakes excessively firm with every one other accompanied by glide the affluence into a recession. The centre edge has by that hour dated raised attentiveness rates quartet times this year with every one other accompanied by economists expect another jumbo grow of three-quarters of a point when the Fed's leaders meet following week.\u003c/p>\u003cp>Higher attentiveness rates tend to measure the heaviness of on stocks, mainly the pricier technology sector. Technology stocks within the S&P 500 are down additional than 26% for the year with every one other accompanied by communications companies have shed additional than 34%. They are the worst performing sectors within the benchmark register so a lengthy way this year.\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>The homes sector is too hurting while attentiveness rates rise. Average long-term U.S. \u003ca href=\"https://apnews.com/article/inflation-mortgages-mortgage-rates-90d3b63fe4dd8b81d6765375d403cb8e\">mortgage rates\u003c/a> climbed above 6% this week for the earliest hour dated since the homes crash of 2008. The higher rates could build an by that hour dated firm homes market flat additional costly for homebuyers.\u003c/p>\u003cp>Reports this week from the management showed that \u003ca href=\"https://apnews.com/article/inflation-economy-prices-f2270f4c6ac55c084108d57cc1aec53a\">prices for fair concerning each item nevertheless gasoline are still rising\u003c/a>, the \u003ca href=\"https://apnews.com/article/inflation-economic-growth-unemployment-275c0fc3bb68b9178092be6406f26bc6\">job market is still red-hot\u003c/a> with every one other accompanied by \u003ca href=\"https://apnews.com/article/inflation-prices-retail-sales-2de4f352134fbbeba69d12978f750137\">consumers carry on accompanied by to spend\u003c/a>, all of which present with ammunition to Fed officials who speak the affluence tin tolerate additional percentage hikes.\u003c/p>\u003cp>"The market is really looking at facts inside terms of what the Fed is going to do following year with every one other accompanied by how a lengthy way they'll have to go," said Scott Wren, older worldwide market strategist at Wells Fargo Investment Institute. "I believe they'll exist inside a good spot following September, where they'll have prosperity of flexibility to obtain where they want to exist by the extremity of the year."\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>Treasury yields eased a small portion Friday following a report showed expectations for inflation among U.S. households are falling to their lowest levels since last year. That's a positive for markets since the Fed fears a rise inside such expectations would build inflation a a large amount of tougher to fight. But the look at too showed uncertainty remains extremely high among households concerning where inflation is heading.\u003c/p>\u003cp>The yield on the 2-year Treasury, which tends to go nearer behind expectations for Fed action, fell to 3.85% from 3.92% in a short time earlier to the report's release. The 10-year yield fell to 3.45% from 3.49%. \u003c/p>","alertLinkDateTime":null,"storyLayout":{},"reporters":[],"headlinePlacement":null,"relatedStoryEmbeds":[],"disableNativo":false}],"disclaimerText":null,"dividerColor":null,"expandedStoryCount":null,"feed":[],"headlineWidget":false,"hubPeekLinkText":null,"hubPeekTagId":null,"hubPeekTagName":null,"hubPeekCanonicalName":null,"hubPeekIsPr":null,"minimizedStoryCount":null,"tagObjs":[{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"apf-technology","name":"Technology","canonicalName":"technology","isPr":false},{"id":"apf-europe","name":"Europe","canonicalName":"europe","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"apf-topnews","name":"AP Top News","canonicalName":"ap-top-news","isPr":false},{"id":"Stockmarkets","name":"Stock markets","canonicalName":"stock-markets","isPr":false},{"id":"Economy","name":"Economy","canonicalName":"economy","isPr":false},{"id":"Financialmarkets","name":"Financial markets","canonicalName":"financial-markets","isPr":false}],"textColor":null,"layoutType":null,"customLayoutType":null,"styleName":null,"endDateTime":null,"teamLimit":25,"medalCounts":null,"medalsUpdated":null,"olympicYear":null,"notificationUrl":null,"notificationText":null,"notificationTitle":null,"notificationType":null,"notificationUpdated":null,"adUnits":null,"displayPositionHome":null,"displayPositionApp":null,"featuredCard":null,"publishedDate":"2022-09-16 06:00:12","enableTblRegion":false}],"headlineWidget":false,"hubPeekLinkText":null,"hubPeekTagId":"Inflation","hubPeekTagName":"Inflation","hubPeekCanonicalName":"inflation","hubPeekIsPr":false,"minimizedStoryCount":null,"tagObjs":[],"textColor":"#000000","layoutType":"Column List","customLayoutType":"null","styleName":"Compressed","endDateTime":null,"teamLimit":25,"medalCounts":null,"medalsUpdated":null,"olympicYear":null,"notificationUrl":null,"notificationText":null,"notificationTitle":null,"notificationType":null,"notificationUpdated":null,"adUnits":null,"displayPositionHome":null,"displayPositionApp":null,"featuredCard":null,"publishedDate":"2022-06-22 09:28:12","enableTblRegion":false}},"loadedAt":{"afs:Card:399674112139-8c3b111e940faace365c802bb957e2c1":1663521669738},"expiration":120000},"content":{"loading":{},"error":{},"data":{"urn:publicid:ap.org:8c3b111e940faace365c802bb957e2c1":{"id":"urn:publicid:ap.org:8c3b111e940faace365c802bb957e2c1","shortId":"8c3b111e940faace365c802bb957e2c1","etag":"8c3b111e940faace365c802bb957e2c1_0a35aza0c0","bylines":"By STAN CHOE","contentType":"text","disableConnatix":false,"downloadSettings":{},"embedCaption":null,"embedHeight":null,"embedHTML":null,"embedLinkURL":null,"firstWords":"\u003cp>NEW YORK (AP) — The buck isn't stopping. \u003c/p>\u003cp>The price of the U.S. dollar has been on a tear for additional than a year opposed to each item from the British pound across the Atlantic to the South Korean won across the Pacific.\u003c/p>","hasTextOverlay":false,"headline":"EXPLAINER: How the strong U.S. dollar tin affect everyone","description":null,"interactiveLinkUrl":null,"interactiveLinkUrlText":null,"language":"en","leadPhotoId":"7903e18d57f947719905fe64a2f4ca52","leadVideoId":null,"localLinkUrl":"https://apnews.com/8c3b111e940faace365c802bb957e2c1","localMemberName":null,"media":[{"id":"7903e18d57f947719905fe64a2f4ca52","type":"Photo","caption":"\u003cp>FILE - Visitors stroll down a shopping road at the Asakusa District, Friday, June 10, 2022, inside Tokyo. The dollar is near its highest flat inside additional than set of two decades opposed to a answer register measuring sextet greatest currencies, including the euro with every one other accompanied by Japanese yen. (AP Photo/Eugene Hoshiko, File)\u003c/p>","order":0,"imageMimeType":"image/jpeg","imageFileExtension":".jpeg","imageRenderedSizes":[3000,2000,1000,800,600,400,200],"aspectRatio":1.5,"gcsBaseUrl":"https://storage.googleapis.com/afs-prod/media/7903e18d57f947719905fe64a2f4ca52/","embedCaption":null,"uploaded":true,"flattenedCaption":"FILE - Visitors stroll down a shopping road at the Asakusa District, Friday, June 10, 2022, inside Tokyo. The dollar is near its highest flat inside additional than set of two decades opposed to a answer register measuring sextet greatest currencies, including the euro with every one other accompanied by Japanese yen. (AP Photo/Eugene Hoshiko, File)","updated":"2022-09-18T15:13:36.107582","alignment":null,"videoMimeType":null,"videoFileExtension":null,"videoRenderedSizes":[],"externalId":null,"audioMimeType":null,"audioFileExtension":null,"title":null,"noEmbedCaption":false,"headline":"Strong Dollar Explainer","jwMediaId":null,"jwVideoStatus":null},{"id":"6097dc90264f402cad21114d0ed92f5b","type":"Photo","caption":"\u003cp>FILE - People transport a television to their automobile following shopping at a Best Buy store, Nov. 26, 2021, inside Overland Park, Kan. A stronger dollar helps U.S. shoppers by keeping a lid on prices for imports with every one other accompanied by pushing downward on inflation. (AP Photo/Charlie Riedel, File)\u003c/p>","order":1,"imageMimeType":"image/jpeg","imageFileExtension":".jpeg","imageRenderedSizes":[3000,2000,1000,800,600,400,200],"aspectRatio":1.50036683785767,"gcsBaseUrl":"https://storage.googleapis.com/afs-prod/media/6097dc90264f402cad21114d0ed92f5b/","embedCaption":null,"uploaded":true,"flattenedCaption":"FILE - People transport a television to their automobile following shopping at a Best Buy store, Nov. 26, 2021, inside Overland Park, Kan. A stronger dollar helps U.S. shoppers by keeping a lid on prices for imports with every one other accompanied by pushing downward on inflation. (AP Photo/Charlie Riedel, File)","updated":"2022-09-18T15:13:36.364913","alignment":null,"videoMimeType":null,"videoFileExtension":null,"videoRenderedSizes":[],"externalId":null,"audioMimeType":null,"audioFileExtension":null,"title":null,"noEmbedCaption":false,"headline":"Strong Dollar Explainer","jwMediaId":null,"jwVideoStatus":null}],"audioMedia":[],"mediumIds":["7903e18d57f947719905fe64a2f4ca52","6097dc90264f402cad21114d0ed92f5b"],"mediaCount":2,"published":"2022-09-18 15:00:33","tagObjs":[{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"apf-topnews","name":"AP Top News","canonicalName":"ap-top-news","isPr":false},{"id":"Japaneseyen","name":"Japanese yen","canonicalName":"japanese-yen","isPr":false},{"id":"Euro","name":"Euro","canonicalName":"euro","isPr":false},{"id":"SouthKoreanwon","name":"South Korean won","canonicalName":"south-korean-won","isPr":false}],"updated":"2022-09-18 15:00:08","tagIds":["Inflation","apf-business","apf-topnews","SouthKoreanwon","apf-europe","Japaneseyen","Euro","apf-GeneralNews"],"tags":[{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"apf-europe","name":"Europe","canonicalName":"europe","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"apf-topnews","name":"AP Top News","canonicalName":"ap-top-news","isPr":false},{"id":"Japaneseyen","name":"Japanese yen","canonicalName":"japanese-yen","isPr":false},{"id":"Euro","name":"Euro","canonicalName":"euro","isPr":false},{"id":"SouthKoreanwon","name":"South Korean won","canonicalName":"south-korean-won","isPr":false}],"title":"US-Strong Dollar-Explainer","contentSponsor":null,"layoutType":"Small Photo","stackedStory":true,"notificationId":null,"eyebrow":null,"richEmbeds":[{"id":"afs:Card:399674112139","tag":null,"type":"Hub Peek","calloutText":null,"displayName":null,"leadHubLink":null,"richEmbedDetail":{"data":4,"rule":"seo","style":"Column List"},"isPermanentlyPlaced":true}],"sponsored":false,"isProtected":false,"isBlocked":false,"seoTitle":null,"seoDescription":null,"contentClaimSchemaType":"Default","contentClaimSchema":{},"seoTitleUpdatedAt":null,"seoDescriptionUpdatedAt":null,"todayInHistory":null,"movieTitle":null,"immersiveUrl":null,"embedRatio":null,"embedType":null,"pullQuoteObjs":[],"dateline":null,"leadVideoAutoEmbed":false,"flattenedFirstWords":"NEW YORK (AP) — The buck isn't stopping. The price of the U.S. dollar has been on a tear for additional than a year opposed to each item from the British pound across the Atlantic to the South Korean won a...","isTpContent":false,"socialEmbeds":[],"isPrContent":false,"storyHTML":"\u003cp>NEW YORK (AP) — The buck isn't stopping. \u003c/p>\u003cp>The price of the U.S. dollar has been on a tear for additional than a year opposed to each item from the British pound across the Atlantic to the South Korean won across the Pacific. \u003c/p>\u003cp>After rising on one occasion additional Friday, the dollar is near its highest flat inside additional than set of two decades opposed to a answer register measuring sextet greatest currencies, including the euro with every one other accompanied by Japanese yen. Many professional investors don't expect it to ease off anytime soon.\u003c/p>\u003cp>The dollar's rise affects almost everyone, flat those who will never depart from the U.S. borders. Here's a look at what's driving the U.S. dollar higher with every one other accompanied by what it tin signify for investors with every one other accompanied by households: \u003c/p>\u003cp>WHAT DOES IT MEAN TO SAY THE DOLLAR IS STRONGER? \u003c/p>\u003cp>Essentially that one dollar tin buy additional of another currency than it could before. \u003c/p>\u003cp>Consider the Japanese yen. A year ago, $1 could obtain a little less than 110 yen. Now, it tin buy 143. That's concerning 30% additional with every one other accompanied by one of the biggest moves the U.S. dollar has made opposed to another currency. \u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>Foreign currency values are constantly shifting opposed to every one other while banks, businesses with every one other accompanied by traders buy with every one other accompanied by sell them inside hour dated zones around the world. \u003c/p>\u003cp>The U.S. Dollar index, which measures the dollar opposed to the euro, yen with every one other accompanied by other greatest currencies, has climbed additional than 14% this year. The gain looks flat additional magnificent compared opposed to other investments, most of which have had a dismal year. U.S. stocks are down additional than 19%, bitcoin has additional than halved with every one other accompanied by gold medal has lost additional than 7%.\u003c/p>\u003cdiv id='afs:Card:399674112139' class='hub-peek-embed' content-id='8c3b111e940faace365c802bb957e2c1'>Hub peek embed (Inflation) - Compressed layout (automatic embed) \u003c/div>\u003cp>WHY IS THE DOLLAR STRENGTHENING?\u003c/p>\u003cp>Because the U.S. affluence is doing better than others. \u003c/p>\u003cp>Even though inflation is high, the U.S. position of employment market has remained remarkably solid. And other areas of the economy, such while the services sector, have been resilient. \u003c/p>\u003cp>That's helped offset worries concerning a slowing homes manufacturing with every one other accompanied by other parts of the affluence that do finest when attentiveness rates are low. That inside turn has traders expecting the Federal Reserve to go nearer behind into and not here of on its word of honour to retain hiking attentiveness rates sharply, with every one other accompanied by to clasp them there a while, inside hopes of knocking down the worst inflation inside 40 years. \u003c/p>\u003cp>Such expectations have helped the yield of a 10-year Treasury additional than dual to 3.44% from violently 1.33% a year ago. \u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>WHO CARES ABOUT BOND YIELDS?\u003c/p>\u003cp>Investors who want to build additional income off their money. And those juicier U.S. yields are sketch investors from all over the world. \u003c/p>\u003cp>Other centre banks have been less aggressive than the Fed since their economies seem to exist additional fragile. The European Central Bank fair raised its answer percentage by the largest amount ever, three-quarters of a percentage point. But the Fed has by that hour dated raised its answer percentage by that amount twice this year, accompanied by a third expected this upcoming week. Some traders flat speak a gargantuan hike of a filled percentage point could exist possible, following a hotter-than-expected report on U.S. inflation Tuesday. \u003c/p>\u003cp>Partly since of that less aggressive bent, 10-year bonds across Europe with every one other accompanied by other areas of the world provide a a large amount of foot yields than U.S. Treasurys, such while Germany's 1.75% with every one other accompanied by Japan's 0.25%. When investors from Asia with every one other accompanied by Europe buy Treasurys, they have to commerce their own currencies for U.S. dollars. That pushes up the dollar's value. \u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>A STRONG DOLLAR HELPS U.S. TOURISTS, RIGHT? \u003c/p>\u003cp>Yes. U.S. travelers inside Tokyo spending 10,000 yen on dinner will exist using 23% fewer dollars than a year ago for the same-priced meal. \u003c/p>\u003cp>With the dollar up sharply so a lengthy way this year opposed to each item from the Argentine peso to the Egyptian pound to the South Korean won, the dollar is going further inside numerous countries than before. \u003c/p>\u003cp>DOES IT HELP ONLY RICH PEOPLE WHO CAN AFFORD TO TRAVEL ABROAD?\u003c/p>\u003cp>No. A stronger dollar too helps U.S. shoppers by keeping a lid on prices for imports with every one other accompanied by pushing downward on inflation. \u003c/p>\u003cp>When the dollar is rising opposed to the euro, for example, European companies build additional euros on every one $1 of sales. With that cushion, they could gash the dollar cost for their products with every one other accompanied by still build the same amount of euros. They could too depart from the cost inside dollars all alone with every one other accompanied by compartment the additional euros, or they could find some stability of the two. \u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>Prices for imports fell 1% inside August from a month earlier, following July's 1.5% drop, offering some reassurance amid the nation's high inflation. Prices for imported fruits, nuts with every one other accompanied by some peels dropped 8.7%, for example. They're down 3% from a year earlier. \u003c/p>\u003cp>A stronger dollar tin retain prices inside inspect for commodities generally. That's since oil, gold medal with every one other accompanied by others are bought with every one other accompanied by sold inside U.S. dollars around the world. When the dollar rises opposed to the yen, a Japanese purchaser tin obtain fewer barrels of crude for the same number of yen while before. That tin signify less upward pressure on lubricant prices. \u003c/p>\u003cp>SO THERE ARE ONLY WINNERS FROM A STRONG DOLLAR?\u003c/p>\u003cp>No. U.S. companies that sell overseas are seeing their profits obtain squeezed.\u003c/p>\u003cp>At McDonald's, income fell 3% throughout the summer from a year earlier. But if the dollar's price had simply stayed place opposed to other currencies, the company's income would have been 3% higher. Microsoft, meanwhile, said changes inside foreign-currency values sliced $595 million off its income inside the latest quarter. \u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>A twine of other companies have specified similar warnings recently, with every one other accompanied by further gains for the dollar could add additional pressure on profits. Companies inside the S&P 500 register obtain violently 40% of their income from external outside the United States, according to FactSet. \u003c/p>\u003cp>ANY OTHER COLLATERAL DAMAGE?\u003c/p>\u003cp>A strong dollar tin place a monetary compress across the developing world. Many companies with every one other accompanied by governments inside such emerging markets take while a loan money inside U.S.-dollar terms, while an alternative of inside their own currencies. When they must repay their debts inside U.S. dollars, while their own currencies buy fewer dollars by the day, it tin create lots of stress. \u003c/p>\u003cp>WHERE'S THE DOLLAR HEADING FROM HERE?\u003c/p>\u003cp>The dollar's biggest moves may exist behind it, nevertheless numerous professionals expect the dollar to at least remain this high a while. \u003c/p>\u003cp>Tuesday's report on U.S. inflation shocked the market with every one other accompanied by showed it remains additional stubborn than expected. That has traders upping bets for Fed percentage hikes going into following year. Fed officials have been occupied not long ago reaffirming their commitment to keeping rates high "until the position of employment is done" inside breaking the nation's high inflation, flat if it damages monetary growth. \u003c/p>\u003cp>That bias in the direction of still-higher rates by the Fed should carry on accompanied by to provide support for the price of the U.S. dollar. \u003c/p>\u003cp>For the dollar to weaken meaningfully, strategists wrote inside a BofA Global Research report, \"the Fed has to obtain additional worried concerning grow than inflation — with every one other accompanied by we are not there yet.\" \u003c/p>","alertLinkDateTime":null,"storyLayout":{},"reporters":[],"reporterKeys":["afs:Reporter:929672526724"],"headlinePlacement":null,"relatedStoryEmbeds":[],"disableNativo":false,"canonicalUrl":"inflation-japanese-yen-euro","urlUpdated":null,"redirectToContent":null,"redirection":{}}},"loadedAt":{"urn:publicid:ap.org:8c3b111e940faace365c802bb957e2c1":1663521669653},"expiration":7200000},"medium":{"loading":{},"error":{},"data":{"afs:Medium:751921853724":{"id":"afs:Medium:751921853724","type":"Photo","caption":null,"order":0,"imageMimeType":"image/png","imageFileExtension":".png","imageRenderedSizes":[700,600,400,200],"aspectRatio":1.55555555555556,"gcsBaseUrl":"https://storage.googleapis.com/afs-prod/media/afs:Medium:751921853724/","embedCaption":null,"uploaded":true,"flattenedCaption":null,"updated":"2021-09-29T09:24:16.741299","alignment":null,"videoMimeType":null,"videoFileExtension":null,"videoRenderedSizes":[],"externalId":null,"audioMimeType":null,"audioFileExtension":null,"title":null,"noEmbedCaption":false}},"loadedAt":{"afs:Medium:751921853724":1663521669711},"expiration":120000},"interactive":{"loading":{},"error":{},"data":{},"loadedAt":{},"expiration":120000},"navigation":{"loading":{"navigation":false},"error":{"navigation":null},"data":{"navigation":{"navigationTags":[{"id":"apf-usnews","name":"U.S. News","canonicalName":"us-news","isPr":false},{"id":"apf-WorldNews","name":"World News","canonicalName":"world-news","isPr":false},{"id":"apf-politics","name":"Politics","canonicalName":"politics","isPr":false},{"id":"apf-sports","name":"Sports","canonicalName":"sports","isPr":false},{"id":"apf-entertainment","name":"Entertainment","canonicalName":"entertainment","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"apf-technology","name":"Technology","canonicalName":"technology","isPr":false},{"id":"apf-Health","name":"Health","canonicalName":"health","isPr":false},{"id":"apf-science","name":"Science","canonicalName":"science","isPr":false},{"id":"apf-oddities","name":"Oddities","canonicalName":"oddities","isPr":false},{"id":"apf-lifestyle","name":"Lifestyle","canonicalName":"lifestyle","isPr":false},{"id":"Photography","name":"Photography","canonicalName":"photography","isPr":false},{"id":"apf-videos","name":"Videos","canonicalName":"videos","isPr":false}],"sectionsTags":[{"id":"apf-topnews","name":"AP Top News","canonicalName":"ap-top-news","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null},{"id":"apf-usnews","name":"U.S. News","canonicalName":"us-news","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null},{"id":"apf-WorldNews","name":"World News","canonicalName":"world-news","isPr":false,"isClickable":true,"childTags":[{"id":"apf-africa","name":"Africa","canonicalName":"africa","isPr":false,"navigationShortName":null},{"id":"apf-asiapac","name":"Asia Pacific","canonicalName":"asia-pacific","isPr":false,"navigationShortName":null},{"id":"Australia","name":"Australia","canonicalName":"australia","isPr":false,"navigationShortName":null},{"id":"apf-europe","name":"Europe","canonicalName":"europe","isPr":false,"navigationShortName":null},{"id":"apf-latinamerica","name":"Latin America","canonicalName":"latin-america","isPr":false,"navigationShortName":null},{"id":"apf-mideast","name":"Middle East","canonicalName":"middle-east","isPr":false,"navigationShortName":null}],"navigationShortName":null},{"id":"apf-politics","name":"Politics","canonicalName":"politics","isPr":false,"isClickable":true,"childTags":[{"id":"JoeBiden","name":"Joe Biden","canonicalName":"joe-biden","isPr":false,"navigationShortName":"President Biden"},{"id":"2022Midtermelections","name":"2022 Midterm elections","canonicalName":"2022-midterm-elections","isPr":false,"navigationShortName":"Midterm elections"},{"id":"UnitedStatesCongress","name":"United States Congress","canonicalName":"united-states-congress","isPr":false,"navigationShortName":"Congress"},{"id":"U.S.SupremeCourt","name":"U.S. Supreme Court","canonicalName":"us-supreme-court","isPr":false,"navigationShortName":"Supreme Court"}],"navigationShortName":null},{"id":"apf-sports","name":"Sports","canonicalName":"sports","isPr":false,"isClickable":true,"childTags":[{"id":"MLB","name":"MLB","canonicalName":"mlb","isPr":false,"navigationShortName":null},{"id":"WNBAPlayoffs","name":"WNBA Playoffs","canonicalName":"wnba-playoffs","isPr":false,"navigationShortName":null},{"id":"Collegefootball","name":"College football","canonicalName":"college-football","isPr":false,"navigationShortName":null},{"id":"NFL","name":"NFL","canonicalName":"nfl","isPr":false,"navigationShortName":"NFL"},{"id":"NBA","name":"NBA","canonicalName":"nba","isPr":false,"navigationShortName":null}],"navigationShortName":null},{"id":"apf-entertainment","name":"Entertainment","canonicalName":"entertainment","isPr":false,"isClickable":true,"childTags":[{"id":"FilmReviews","name":"Film Reviews","canonicalName":"film-reviews","isPr":false,"navigationShortName":null},{"id":"Movies","name":"Movies","canonicalName":"movies","isPr":false,"navigationShortName":null},{"id":"apf-Music","name":"Music","canonicalName":"music","isPr":false,"navigationShortName":null},{"id":"Television","name":"Television","canonicalName":"television","isPr":false,"navigationShortName":null},{"id":"Fashion","name":"Fashion","canonicalName":"fashion","isPr":false,"navigationShortName":null}],"navigationShortName":null},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false,"isClickable":true,"childTags":[{"id":"Economy","name":"Economy","canonicalName":"economy","isPr":false,"navigationShortName":"U.S. economy"},{"id":"Financialmarkets","name":"Financial markets","canonicalName":"financial-markets","isPr":false,"navigationShortName":null}],"navigationShortName":null},{"id":"apf-technology","name":"Technology","canonicalName":"technology","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null},{"id":"apf-Health","name":"Health","canonicalName":"health","isPr":false,"isClickable":true,"childTags":[{"id":"Coronaviruspandemic","name":"COVID-19","canonicalName":"coronavirus-pandemic","isPr":false,"navigationShortName":null}],"navigationShortName":null},{"id":"apf-science","name":"Science","canonicalName":"science","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null},{"id":"Climateandenvironment","name":"Climate with every one other accompanied by environment","canonicalName":"climate-and-environment","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":"Climate with every one other accompanied by environment"},{"id":"APFactCheck","name":"AP Fact Check","canonicalName":"ap-fact-check","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null},{"id":"apf-oddities","name":"Oddities","canonicalName":"oddities","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null},{"id":"apf-lifestyle","name":"Lifestyle","canonicalName":"lifestyle","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null},{"id":"Photography","name":"Photography","canonicalName":"photography","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null},{"id":"apf-religion","name":"Religion","canonicalName":"religion","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null},{"id":"apf-Travel","name":"Travel","canonicalName":"travel","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null},{"id":"press-releases","name":"Press Releases","canonicalName":"press-releases","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null}],"featuredTags":[{"id":"apf-trendingnews","name":"Trending News","canonicalName":"trending-news","isPr":false,"navigationShortName":null},{"id":"Russia-Ukraine","name":"Russia-Ukraine war","canonicalName":"russia-ukraine","isPr":false,"navigationShortName":null},{"id":"2022Midtermelections","name":"2022 Midterm elections","canonicalName":"2022-midterm-elections","isPr":false,"navigationShortName":"Midterm elections"},{"id":"QueenElizabethII","name":"Queen Elizabeth II","canonicalName":"queen-elizabeth-ii","isPr":false,"navigationShortName":"Queen Elizabeth II's death"}],"featuredContentLinks":[]}},"loadedAt":{"navigation":1663521669745},"expiration":120000},"topics":{"ignoreClickOnElements":[],"opened":false},"radio":{"ignoreClickOnElements":[],"opened":false},"leaderboardAd":{"ignoreClickOnElements":[],"opened":false},"search":{"ignoreClickOnElements":[],"opened":false},"headerTitle":{},"shareImage":{"loading":{"share-image":false},"error":{"share-image":null},"data":{"share-image":{"id":"afs:Medium:751921853724","type":"Photo","caption":null,"order":0,"imageMimeType":"image/png","imageFileExtension":".png","imageRenderedSizes":[700,600,400,200],"aspectRatio":1.55555555555556,"gcsBaseUrl":"https://storage.googleapis.com/afs-prod/media/afs:Medium:751921853724/","embedCaption":null,"uploaded":true,"flattenedCaption":null,"updated":"2021-09-29T09:24:16.741299","alignment":null,"videoMimeType":null,"videoFileExtension":null,"videoRenderedSizes":[],"externalId":null,"audioMimeType":null,"audioFileExtension":null,"title":null,"noEmbedCaption":false}},"loadedAt":{"share-image":1663521669711},"hasImage":true,"expiration":120000},"globalSettings":{"loading":{"globalSettings":false},"error":{"globalSettings":null},"data":{"globalSettings":{"adAppSettings":{"id":5,"minimumVersion":"1.0","device":"web","fbMarketingSdk":true,"flurrySdk":true,"taboolaSdk":true,"universalAdSpendTrackerSdk":false,"sponsorContentAds":true,"sponsorContentMobilePositions":[10],"bannerAds":true,"bannerAutoRefreshInterval":30,"bannerSwipeRefreshInterval":15,"interstitialAds":false,"interstitialImpressionInterval":15,"interstitialLoadFrequency":15,"videoAds":true,"videoFirstPlay":2,"videoPlayInterval":2,"savedStoriesPosition":16,"dfpAdUnitId":null,"sponsorContentWebPosition":0,"feedAdsPositions":[3,10,17,24,31],"nativoAdPositions":[5,13,21,29,37],"nativoHubPageAdPositionsMap":{"1127210":5,"1127211":13,"1127212":21,"1127213":29,"1127214":37},"nativoHomePageAdPositionsMap":{"991390":5,"1123182":13,"1123183":21,"1123184":29,"1123185":37}},"mobileAdAppSettings":{"android":{"id":4,"minimumVersion":"5.0","device":"phone","fbMarketingSdk":true,"flurrySdk":true,"taboolaSdk":true,"universalAdSpendTrackerSdk":false,"sponsorContentAds":true,"sponsorContentMobilePositions":[10],"bannerAds":true,"bannerAutoRefreshInterval":30,"bannerSwipeRefreshInterval":5,"interstitialAds":false,"interstitialImpressionInterval":15,"interstitialLoadFrequency":15,"videoAds":false,"videoFirstPlay":2,"videoPlayInterval":2,"savedStoriesPosition":16,"dfpAdUnitId":"/15786418/APNews/app/MobileBottomBanner","sponsorContentWebPosition":10,"feedAdsPositions":[5,13,21,29,37,45],"nativoAdPositions":[8,16,25,33,41],"nativoHubPageAdPositionsMap":{},"nativoHomePageAdPositionsMap":{}},"ios":{"id":3,"minimumVersion":"2.5.1","device":"iphone","fbMarketingSdk":true,"flurrySdk":true,"taboolaSdk":true,"universalAdSpendTrackerSdk":false,"sponsorContentAds":true,"sponsorContentMobilePositions":[10],"bannerAds":true,"bannerAutoRefreshInterval":30,"bannerSwipeRefreshInterval":5,"interstitialAds":false,"interstitialImpressionInterval":15,"interstitialLoadFrequency":15,"videoAds":false,"videoFirstPlay":2,"videoPlayInterval":2,"savedStoriesPosition":16,"dfpAdUnitId":"/15786418/APNews/app/MobileBottomBanner","sponsorContentWebPosition":0,"feedAdsPositions":[5,13,21,29,37,45],"nativoAdPositions":[8,16,25,33,41],"nativoHubPageAdPositionsMap":{},"nativoHomePageAdPositionsMap":{}},"ipad":{"id":1,"minimumVersion":"2.5.1","device":"ipad","fbMarketingSdk":true,"flurrySdk":true,"taboolaSdk":true,"universalAdSpendTrackerSdk":false,"sponsorContentAds":true,"sponsorContentMobilePositions":[10],"bannerAds":true,"bannerAutoRefreshInterval":30,"bannerSwipeRefreshInterval":5,"interstitialAds":false,"interstitialImpressionInterval":15,"interstitialLoadFrequency":15,"videoAds":false,"videoFirstPlay":2,"videoPlayInterval":2,"savedStoriesPosition":16,"dfpAdUnitId":"/15786418/APNews/app/MobileBottomBanner","sponsorContentWebPosition":10,"feedAdsPositions":[5,13,21,29,37,45],"nativoAdPositions":[8,16,25,33,41],"nativoHubPageAdPositionsMap":{},"nativoHomePageAdPositionsMap":{}},"tablet":{}},"radioURL":"https://apnews.streamguys1.com/apnews","defaultSeoValues":{"homepageSeoTitle":"Associated Press News: Breaking News | Latest News Today","homepageSeoDescription":"Stay informed with every one other accompanied by read the latest report today from The Associated Press, the definitive spring for self-governing journalism from every one curve of the globe.","hubpageSiteDescription":"Stay informed with every one other accompanied by read the latest report today from The Associated Press, the definitive spring for self-governing journalism from every one curve of the globe."},"tags":{"topNews":{"id":"apf-topnews","name":"AP Top News","canonicalName":"ap-top-news"}},"newsLetterSignup":false,"usableNet":true,"signUpCTA":"Get AP News stories every one morning","successfulSignUp":"Thank you for signing up","showLeaderboardAdMs":10,"showLeaderboardMobileAdMs":1000,"prebid":"Sovrn","leaderboardAdPosition":"above lead card","isJWPlayerEnabled":false,"jwPlayerId":"esoUXXnw"}},"loadedAt":{"globalSettings":1663521669672},"expiration":120000},"device":{},"origin":"https://apnews.com"} window['titanium-cacheConfig'] = {"ignoreCache":false}[0,12,1,2,50,37,16]{"namedChunks":["Content-Content","WireStory-WireStory","Paragraph","FeedCard-HubPeek-HubPeekAsync"]}
0 comments: