Latest Prices News

Workers wearing masks walk by the New York Stock Exchange during the coronavirus pandemic, Thursday, July 9, 2020, in New York. (AP Photo/Mark Lennihan)

Wall Street rallies as optimism returns to cap erratic week

Jul. 10, 2020 4:33 PM EDT

NEW YORK (AP) — Optimism returned to Wall Street on Friday, and stocks rallied to cap a shaky week dogged by worries that rising coronavirus counts may halt the economy’s recent upswing. The S&P 500 climbed 1%, and the biggest gains came from cruise ship operators, airlines, banks and other...

FILE - In this Aug. 27, 2013, file photo, workers load large containers of nectarines for sorting at Eastern ProPak Farmers Cooperative in Glassboro, N.J. U.S. wholesale prices fell 0.6% in February 2020, the biggest decline in five years, led by a sharp drop in energy costs. The Labor Department said the decline in its producer price index, which measures price pressures before they reach the consumer, followed a 0.5% rise in January. It was the sharpest decline since a similar 0.6% drop in January 2015. (AP Photo/Mel Evans, File)

US wholesale prices fell 0.2% in June as food costs plunged

Jul. 10, 2020 9:16 AM EDT

WASHINGTON (AP) — U.S. wholesale prices fell 0.2% in June as food costs dropped sharply, offsetting a big increase in energy prices. The drop in the Producer Price Index, which measures inflation pressures before they reach consumers, followed a 0.4% gain in May, the Labor Department reported Friday....

US wholesale prices edged down 0.2% in June as food costs fell while energy costs increased

Jul. 10, 2020 8:36 AM EDT
WASHINGTON (AP) — US wholesale prices edged down 0.2% in June as food costs fell while energy costs increased.
A sold sign hangs in front of a house in Brighton, New York, on Saturday, July 4, 2020. Long-term U.S. mortgage rates fell the first week of July with the benchmark 30-year home loan hitting its lowest level ever. (AP Photo/Ted Shaffrey)

Record low US mortgage rates for the third consecutive week

Jul. 9, 2020 11:29 AM EDT

BALTIMORE (AP) — Rates on 30-year mortgages have fallen to record lows for the third consecutive week as inflation remains muted in a weakened economy, even in the face of persistent demand from homebuyers Mortgage buyer Freddie Mac reported Thursday that the average rate on the key 30-year fixed-rate...

A currency trader gestures at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, July 9, 2020. Asian stock markets followed Wall Street higher on Thursday following gains for major U.S. tech stocks. (AP Photo/Ahn Young-joon)

Asian stocks follow Wall Street higher after tech gains

Jul. 8, 2020 11:09 PM EDT

BEIJING (AP) — Asian stock markets followed Wall Street higher on Thursday following gains for major U.S. tech stocks. Benchmarks in Shanghai, Tokyo, Hong Kong and Australia rose. U.S. stocks have recovered most of this year’s losses, helping to push up global prices, despite rising numbers of...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, July 8, 2020. Asian shares were mostly lower Wednesday as uncertainty over the pandemic sapped the buying enthusiasm that has been driving prices higher. (AP Photo/Ahn Young-joon)

Asian shares mixed as pandemic saps buying momentum

Jul. 7, 2020 11:37 PM EDT

TOKYO (AP) — Shares were mixed in Asia on Wednesday as uncertainty over the pandemic sapped the buying enthusiasm that has been driving prices higher. The selling followed a deeper pullback on Wall Street and in France, Germany and elsewhere after the European Union’s executive arm said this...

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, July 2, 2020. Asian stock markets followed Wall Street higher Thursday as hopes for development of a coronavirus vaccine competed with concern about rising U.S. infections. (AP Photo/Ahn Young-joon)

Asian stocks follow Wall Street higher on vaccine hopes

Jul. 2, 2020 12:04 AM EDT

Asian stock markets followed Wall Street higher Thursday as hopes for development of a coronavirus vaccine competed with concern about rising U.S. infections. Benchmarks in Shanghai, Tokyo, Hong Kong and Australia all advanced. Investors were encouraged after Pfizer and BioNtech announced preliminary data from a...

A woman passes in front of burned tires and garbage containers set on fire by anti-government protesters to block roads, during a protest against the economic crisis, in Beirut, Lebanon, Tuesday, June 30, 2020. Protesters closed several major roads in the Lebanese capital amid rising anger as the currency hit a new record low on the black market, electricity cuts increased and the government raised the price of bread for the first time in more than a decade. (AP Photo/Hussein Malla)

Protests as currency slides, price of bread rises in Lebanon

Jun. 30, 2020 2:33 PM EDT

BEIRUT (AP) — Protesters closed several major roads in the Lebanese capital Beirut on Tuesday amid rising anger as the currency hit a new record low on the black market, electricity cuts increased and the government raised the price of bread for the first time in more than a decade. Reflecting the...

Shell takes $22 billion hit on lower oil, gas prices

Jun. 30, 2020 12:29 PM EDT

LONDON (AP) — Energy producer Royal Dutch Shell warned Tuesday it will slash the value of its assets by $22 billion to account for lower oil and gas prices amid the COVID-19 pandemic. With the virus outbreak hurting the long-term prospects of the global economy, the company said it continues “to...

FILE - In this Sept. 3, 2019 file photo a sign rests in front of a newly constructed home, in Westwood, Mass. U.S. home prices rose in April for the eighth straight month, even as sales have stumbled, a sign the coronavirus outbreak has had little impact on real estate values. The S&P CoreLogic Case-Shiller 20-city home price index climbed 4% in April, the largest gain since December 2018, up from 3.9% in March. (AP Photo/Steven Senne, File)

US home prices increase 4% in April

Jun. 30, 2020 10:13 AM EDT

WASHINGTON (AP) — U.S. home prices gains accelerated in April even as sales have stumbled, a sign the coronavirus outbreak has had little impact on real estate values. The S&P CoreLogic Case-Shiller 20-city home price index climbed 4% in April compared with a year earlier, the largest gain since...