Latest Prices News

Colombians to vote for president amid generalized discontent

May. 29, 2022 00:07 AM EDT

BOGOTA, Colombia (AP) — Colombians emerging from the coronavirus pandemic will vote for their next president Sunday, choosing from six candidates who all promise various degrees of change amid rising inequality, inflation, violence and a discontent with the status quo. The ballot...

Wall Street breaks 7-week losing streak, longest since 2001

May. 27, 2022 16:45 PM EDT

NEW YORK (AP) — Technology companies led a broad rally for stocks Friday as Wall Street notched its best week in 18 months. The gain broke a seven-week losing streak for the market, the longest such stretch since 2001. The S&P 500 rose 2.5% and finished 6.6% higher for the...

Consumers find slightly lower lobster prices as summer nears

May. 27, 2022 11:06 AM EDT

PORTLAND, Maine (AP) — Lobster prices are dipping somewhat just before Memorial Day weekend — the unofficial start of the industry's critical summer season. The price of lobster and seafood at large has shot up in recent years, and the price to lobster fishermen at the docks...

Key inflation gauge slowed to still-high 6.3% over past year

May. 27, 2022 11:03 AM EDT

An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, the first slowdown since November 2020 and a sign that high prices may finally be moderating, at least for now. The inflation figure the Commerce Department reported Friday was below the...

An inflation gauge closely tracked by the Federal Reserve hit 6.3% in April, below a 4-decade high set in March

May. 27, 2022 08:38 AM EDT
WASHINGTON (AP) — An inflation gauge closely tracked by the Federal Reserve hit 6.3% in April, below a 4-decade high set in March.

Editorial Roundup: New England

May. 27, 2022 07:13 AM EDT

Bangor Daily News. May 26, 2022. Editorial: An avoidable mistake will cost the University of Maine System, in terms of money and credibility It’s human nature not to want to share bad news. However, it should also be well understood that bad news can’t be hidden...

Asian shares' rise broadly cheered by US earnings, rally

May. 26, 2022 23:46 PM EDT

TOKYO (AP) — Asian shares gained Friday as investors cheered a strong set of earnings from retailers that has sent U.S. shares higher. Benchmarks were rising in early trading across the region, including Japan, China, Australia and South Korea. “Improved risk...

Macy's raises annual profit outlook on strong Q1 results

May. 26, 2022 18:20 PM EDT

NEW YORK (AP) — Shoppers' return to occasion dressing helped to power Macy's fiscal first-quarter results, and the department store chain raised its annual earnings outlook even as surging inflation is crimping Americans' budgets. The results announced Thursday were among the few...

Worry about stagflation, a flashback to '70s, begins to grow

May. 26, 2022 16:03 PM EDT

WASHINGTON (AP) — Stagflation. It was the dreaded “S word” of the 1970s. For Americans of a certain age, it conjures memories of painfully long lines at gas stations, shuttered factories and President Gerald Ford’s much-ridiculed “Whip Inflation Now” buttons. ...

Sri Lanka PM stresses urgency for economic reform plan

May. 26, 2022 14:25 PM EDT

COLOMBO, Sri Lanka (AP) — Sri Lanka's prime minister said Thursday that he will quickly prepare an economic reform program and seek approval from the International Monetary Fund — because global inflation and the financial impact of Russia's invasion of Ukraine on other countries could limit...