Latest Prices News

Poverty and inflation: Egypt's economy hit by global turmoil

Sep. 25, 2022 03:29 AM EDT

DUBAI, United Arab Emirates (AP) — Stores are selling winter clothes from last season in the middle of summer. Repair shops lack spare parts for appliances. There's a waiting list to buy a new car. Egypt, a country of more than 103 million people, is running low on foreign...

Huge surplus leaves Georgia with $6.6B in cash to spend

Sep. 23, 2022 19:51 PM EDT

ATLANTA (AP) — Georgia ran a surplus of more than $6 billion in the budget year that ended June 30, meaning the state's next governor and lawmakers could spend or give back billions. The State Accounting Office, in a Friday report, said Georgia ran a $6.37 billion surplus even...

Dow sinks to 2022 low as recession fears roil world markets

Sep. 23, 2022 17:19 PM EDT

Stocks fell sharply worldwide Friday on worries an already slowing global economy could fall into recession as central banks raise the pressure with additional interest rate hikes. The Dow Jones Industrial Average fell 1.6%, closing at its lowest level since late 2020. The S&P...

Boeing, Devon Energy fall; Guidewire, Dollar Tree rise

Sep. 23, 2022 16:23 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Boeing Co., down $7.45 to $131.26. The airplane maker will pay $200 million to settle charges that it misled investors about the safety of its 737 Max after two crashes. ...

UK cuts taxes, boosts spending, accelerating pound's slide

Sep. 23, 2022 13:29 PM EDT

LONDON (AP) — The United Kingdom's new government outlined plans Friday to cut taxes and boost spending in an effort to bolster the faltering economy, but the high-risk moves sparked concerns that increased public borrowing will worsen a cost-of-living crisis and sent the British pound on its...

After 90 years, German bakery to close as energy costs soar

Sep. 23, 2022 03:51 AM EDT

COLOGNE, Germany (AP) — For 90 years, Engelbert Schlechtrimen's family has been baking wheat rolls, rye bread and chocolate cakes in this western German city. Next month, they will turn off the ovens for good, because they can no longer afford rising energy prices resulting from Russia's war in...

Inflation, unrest challenge Bangladesh's 'miracle economy'

Sep. 23, 2022 01:55 AM EDT

DHAKA, Bangladesh (AP) — Standing in line to try to buy food, Rekha Begum is distraught. Like many others in Bangladesh, she is struggling to find affordable daily essentials like rice, lentils and onions. “I went to two other places, but they told me they don’t have supplies....

Asian stocks slide for 3rd day on economic growth fears

Sep. 22, 2022 23:26 PM EDT

BEIJING (AP) — Asian stocks fell for a third day Friday after more rate hikes by the Federal Reserve and other central banks to control persistent inflation spurred fears of a possible global recession. Shanghai, Hong Kong, Seoul and Sydney declined. Oil prices edged lower....

White House hosts local officials, touts impact of policies

Sep. 22, 2022 20:13 PM EDT

WASHINGTON (AP) — The White House on Thursday launched a new effort to show local governments what it can do for their communities, hosting North Carolina officials to highlight funding opportunities and hear firsthand how coronavirus relief, infrastructure dollars and other policies are faring...

How major US stock indexes fared Thursday 9/22/2022

Sep. 22, 2022 16:28 PM EDT

Stocks closed lower on Wall Street, deepening their losses for the week, as central banks around the world raised interest rates to fight inflation. The S&P 500 fell 0.8% Thursday. The Dow Jones Industrial Average fell about half as much, and the Nasdaq composite lost 1.4%. ...