Latest Prices News

OPEC, allies stick to modest output boost despite omicron

Dec. 02, 2021 16:48 PM EST

NEW YORK (AP) — OPEC and allied oil-producing countries decided Thursday to stick to their plans to boost oil production even as the new omicron variant cast a shadow of uncertainty over the global economic recovery from the coronavirus pandemic. Officials from OPEC...

Economists: Kentucky farm sector may reap record receipts

Dec. 02, 2021 13:34 PM EST

Having endured bumpy seasons of global trade fights and slumping commodity prices, Kentucky agriculture appears poised to reap record-setting cash receipts this year — fueled by strong crop yields and surging grain exports, agricultural economists said Thursday. ...

Christmas tree buyers face reduced supplies, higher prices

Dec. 02, 2021 13:12 PM EST

ALAMEDA, Calif. (AP) — Even Christmas trees aren’t immune to the pandemic-induced shortages and inflation plaguing the economy. Extreme weather and supply chain disruptions have reduced supplies of both real and artificial trees this season. American shoppers should...

US long-term mortgage rates relatively flat this week

Dec. 02, 2021 10:19 AM EST

SILVER SPRING, Md. (AP) — The average interest rate for long-term mortgages in the U.S. remained flat this week, following the Federal Reserve suggesting that it would start tightening credit by raising its benchmark rate. Mortgage buyer Freddie Mac reported Thursday...

Erdogan replaces finance minister as Turkey's lira crashes

Dec. 02, 2021 10:15 AM EST

ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan appointed a new treasury and finance minister Thursday after the previous one stepped down as the country's currency has tumbled to record lows. Erdogan named deputy minister Nureddin Nebati to the post,...

Dollar General opening more $5 or less Popshelf stores

Dec. 02, 2021 09:02 AM EST

Getting more bang for your buck used to be the mantra of dollar store shoppers everywhere, but times are changing - and prices are rising. As consumers continue to contend with escalating prices for food, clothing and other items thanks to inflation, discount retail...

Mexico president reaches midterm with high approval rating

Dec. 01, 2021 20:51 PM EST

MEXICO CITY (AP) — Mexican President Andrés Manuel López Obrador held a massive rally in Mexico City Wednesday to mark the midway point in his six-year term with polls showing that about two-thirds of Mexicans approve of the job he is doing. López Obrador’s...

Fed survey finds supply-chain shortages boosting inflation

Dec. 01, 2021 17:18 PM EST

WASHINGTON (AP) — Many parts of the country were hit by supply chain disruptions and labor shortages in November, the Federal Reserve reported Wednesday. In a survey of business conditions around the country, the Fed's 12 regional banks found that the economy continued...

Powell: Fed 'not at all sure' inflation will fade next year

Dec. 01, 2021 14:05 PM EST

WASHINGTON (AP) — In a fresh sign of his growing concerns about inflation, Chair Jerome Powell said Wednesday that the Federal Reserve can't be sure that price increases will slow in the second half of next year as many economists expect. Powell told the House Financial...

Asian shares mixed after omicron worries rattle Wall Street

Nov. 30, 2021 22:56 PM EST

TOKYO (AP) — Asian shares were mixed Wednesday amid nervous trading due to worries over the newest coronavirus variant. Japan's benchmark Nikkei 225 was up 0.8% in morning trading to 28,062.99, after gyrating earlier in the session. South Korea's Kospi jumped 1.1% to...