Latest Prices News

Gas USA is selling gas for 97.9 cents a gallon, Monday, March 30, 2020, in Cleveland. Oil started the year above $60 and has plunged on expectations that a weakened economy will burn less fuel. The world is awash in oil, meanwhile, as producers continue to pull more of it out of the ground. (AP Photo/Tony Dejak)

Gas is cheap, but for many motorists there's nowhere to go

Mar. 30, 2020 4:52 PM EDT

DALLAS (AP) — U.S. gasoline prices have dropped to their lowest levels in four years, and they are almost sure to go lower as oil prices plunge. Price-tracking services put the national average Monday around $2 a gallon. Some stations were spotted charging under a dollar. But don't expect a stampede to the...

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, March 30, 2020. Asian shares started the week with further losses as countries reported surging numbers of infections from the coronavirus that has prompted shutdowns of travel and business in many parts of the world.(AP Photo/Vincent Yu)

Wall Street's rally rolls on, led by health care stocks

Mar. 30, 2020 4:45 PM EDT

NEW YORK (AP) — U.S. stocks climbed Monday, led by big gains for health care companies announcing developments that could aid in the coronavirus outbreak. The rally tacked more gains onto a recent upswing for the market, which is coming off the best week for the S&P 500 in 11 years. Nascent optimism...

FILE - In this Oct. 8, 2019 file photo, technicians walk at the under construction site of the Expo 2020 in Dubai, United Arab Emirates. On Monday, March 30, 2020, the organizers of Expo 2020 recommended postponing the world's fair until next years over the new coronavirus pandemic. Dubai has already spent billions of dollars on the world's fair, which was supposed to take place in October. The ultimate decision over the event will be made by the Paris-based Bureau International des Expositions, which had awarded the fair to Dubai in 2014. (AP Photo/Kamran Jebreili, File)

Dubai Expo 2020 recommends postponing a year amid virus

Mar. 30, 2020 1:00 PM EDT

DUBAI, United Arab Emirates (AP) — Dubai's Expo 2020 should be postponed to next year over the new coronavirus pandemic, local organizers recommended Monday, pushing back a world's fair that the sheikhdom has bet billions of dollars on to rejuvenate its troubled economy. The ultimate decision over the...

A man walks by an electronic stock board of a securities firm in Tokyo, Monday, March 30, 2020. Asian shares started the week with further losses as countries reported surging numbers of infections from the coronavirus that has prompted shutdowns of travel and business in many parts of the world.(AP Photo/Koji Sasahara)

Asian shares extend losses as toll from pandemic surges

Mar. 29, 2020 10:52 PM EDT

BANGKOK (AP) — Asian shares started the week with fresh losses as countries reported surging numbers of infections from the coronavirus that has prompted shutdowns of travel and business in many parts of the world. Japan's benchmark dropped almost 4% and other regional markets were mostly lower. Shares in...

In this image provided by Jay Woods,  Woods, a Designated Market Maker with IMC and NYSE Floor Governor, who normally works on the New York Stock Exchange trading floor, works in his home office in Basking Ridge, N.J., Thursday, March 26, 2020.  Stocks are opening lower on Wall Street, Friday, March 27,  as the market gives back some of the gains it piled up over the past three days.  (Shannon Woods/Courtesy Jay Woods via AP)

Stocks drop, but hold on to weekly gains after a big rally

Mar. 27, 2020 5:22 PM EDT

Wall Street closed lower Friday but still notched big gains for the week as investors held out hope that a $2 trillion rescue package will cushion businesses and households from the economic devastation being caused by the coronavirus. The S&P 500 closed 3.4% lower, but still climbed 10.3% for the week, its...

Patrons wait in line keeping social distancing on the parking lot behind a Trader Joe's grocery store in Los Feliz neighborhood of Los Angeles on Thursday, March 26, 2020. As supermarkets remained one of the few retail businesses still open, a union representing more than 120,000 grocery store employees and 15,000 who work in drug stores started a petition drive for safer working conditions. (AP Photo/Damian Dovarganes)

US consumer spending up modest 0.2% in February

Mar. 27, 2020 9:52 AM EDT

WASHINGTON (AP) — Americans increased their spending by a modest amount in February but the expectation is that spending will be hit hard in coming months reflecting the shutdown of the American economy by the coronavirus. The Commerce Department reported Friday that spending edged up 0.2% in February,...

FILE - This photo provided by the New York Stock Exchange shows the unoccupied NYSE trading floor, closed temporarily for the first time in 228 years as a result of coronavirus concerns, Tuesday March 24, 2020. Global stocks and U.S. futures declined Thursday after the U.S. Senate approved a proposed $2.2 trillion virus aid package following a delay over its details and sent the measure to the House of Representatives. (Kearney Ferguson/NYSE via AP, File)

The Latest: Caterpillar, Deere profits to feel virus impact

Mar. 26, 2020 1:34 PM EDT

NEW YORK (AP) — The Latest on the action in the financial markets (all times local): 1:15 p.m. Agricultural and heavy equipment makers are in for a rough year as the virus pandemic delivers a sting to an industry trying to recover form a trade war. Jefferies analyst Stephen Volkmann slashed his earnings...

Federal Reserve Chair Jerome Powell speaks during a news conference, Tuesday, March 3, 2020, to discuss an announcement from the Federal Open Market Committee, in Washington. In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell noted that the coronavirus

Q&A: What did the Fed do Monday and who will it help?

Mar. 24, 2020 12:01 AM EDT

WASHINGTON (AP) — The Federal Reserve took several aggressive steps Monday to support an economy ravaged by the effects of the coronavirus. The amount of money involved is huge and the Fed's ambitions are vast: It wants to make loans available to companies and governments so they can pay bills and...

This photo provided by the New York Stock Exchange shows trader Patrick Casey, left, and specialist Peter Mazza as they work on the trading floor on Friday, March 20, 2020. Stocks turned lower Friday after New York became the latest major state to mandate nearly all workers stay home to limit the spread of the new coronavirus. (Nicole Pereira/NYSE via AP)

Dow drops more than 900 points, ending worst week since 2008

Mar. 20, 2020 5:57 PM EDT

Wall Street ended the week the same way it began: in full retreat from the coronavirus. Stocks fell sharply and the price of oil sank Friday as federal and state governments moved to shut down bigger and bigger swaths of the nation’s economy in the hope of limiting the spread of the outbreak. The Dow Jones...

In this Tuesday, March 10, 2020 photo, people shop in the main Shurja market, in central Baghdad, Iraq. The economic fallout from the new coronavirus coupled with a sudden drop in oil prices threatens to catapult Iraq into an unprecedented crisis. The crude-exporting country is struggling to finance measures to contain the COVID-19 pandemic amid a leadership void in the federal government. (AP Photo/Hadi Mizban)

One-two punch of new virus, falling oil prices threaten Iraq

Mar. 20, 2020 2:10 AM EDT

BAGHDAD (AP) — The economic fallout from the coronavirus coupled with a sudden drop in oil prices is threatening to catapult Iraq into an unprecedented crisis. The crude-exporting country is struggling to finance measures to contain the pandemic amid a leadership void in the federal government, and the...