Latest Prices News

Global shares mostly fall as investors mull likely rate hike

Jan. 18, 2022 04:39 AM EST

TOKYO (AP) — Global shares were mostly lower Tuesday following a national holiday in the U.S, while oil prices surged following an attack on an oil facility in the capital of the United Arab Emirates that killed at least three people. Benchmark U.S. crude rose $1.44, or 1.7%, to...

Eurogroup seeks path between high inflation, slower growth

Jan. 17, 2022 15:01 PM EST

BRUSSELS (AP) — Euro finance chiefs on Monday ventured into a high-wire political balancing act prompted by conflicting economic forces: a weaker growth outlook and stronger inflation. Finance ministers from the 19 nations that share the euro currency pledged continued budgetary...

Insider Q&A: Realtors' group Chief Economist Lawrence Yun

Jan. 17, 2022 09:14 AM EST

LOS ANGELES (AP) — The U.S. housing market had another scorcher of a year in 2021, aided by low mortgage rates, a swell of demand that outstripped supply and a rebounding job market. The supply-demand equation remains sharply lopsided heading into the spring home-buying season,...

Asian shares mixed after China reports slowing growth

Jan. 16, 2022 22:32 PM EST

BANGKOK (AP) — Shares were mixed in Asia on Monday after China reported that its economy expanded at an 8.1% annual pace in 2021, though growth slowed to half that level in the last quarter. Tokyo, Shanghai and Sydney rose, while Hong Kong and Seoul declined. The...

By the numbers: Stats that tell story of Biden's first year

Jan. 16, 2022 12:57 PM EST

WASHINGTON (AP) — By some counts, President Joe Biden can lay claim to a banner first year in office. But numbers also reveal plenty of setbacks. Most in the United States got their COVID-19 vaccines, but other countries fared better. Economic growth surged; so did inflation....

Rising costs add to pandemic pain for small businesses

Jan. 16, 2022 11:20 AM EST

NEW YORK (AP) — In just two weeks, the cost of pecans for the pies at Peggy Jean’s Pies in Columbia, Missouri, has surged nearly 40%, perplexing co-owner Rebecca Miller and adding to the cost of doing business. Miller will soon have to bump up the price of her Southern Pecan, Chocolate Bourbon...

Senior ECB official: rate rise too soon could choke recovery

Jan. 15, 2022 04:53 AM EST

BERLIN (AP) — A senior European Central Bank official says that raising interest rates prematurely could “choke off the recovery,” comments that come as inflation in the 19-nation euro area has hit a record rate. The European Union's statistical office said Jan. 7 that the...

Biden chooses 3 for Fed board, including first Black woman

Jan. 14, 2022 18:11 PM EST

WASHINGTON (AP) — President Joe Biden will nominate three people for the Federal Reserve's Board of Governors, including Sarah Bloom Raskin, a former Fed and Treasury official, for the top regulatory slot and Lisa Cook, who would be the first Black woman to serve on the Fed's board. ...

Biden nominates 3 for Fed board, including first Black woman

Jan. 14, 2022 17:38 PM EST

WASHINGTON (AP) — President Joe Biden on Friday announced the nominations of three people for the Federal Reserve's Board of Governors, including Sarah Bloom Raskin, a former Fed and Treasury official, for the top regulatory slot and Lisa Cook, who would be the first Black woman to serve on the...

Stocks end mostly higher, but still log another losing week

Jan. 14, 2022 17:02 PM EST

A late-afternoon recovery in technology stocks helped erase most of the market's losses Friday, though it wasn't enough to keep major indexes from posting their second straight losing week. The S&P 500 eked out a 0.1% gain in the final minutes of trading after having been down...