Latest Prices News

FILE - This Jan. 9, 2020, file photo shows a sold sign is posted on a real estate sign outside a home in Derry, N.H. On Tuesday, Jan. 28, 2020, the Standard & Poor's/Case-Shiller 20-city home price index for November is released. (AP Photo/Charles Krupa, File)

US home price gains accelerate amid smaller supply of homes

Jan. 28, 2020 10:38 AM EST

WASHINGTON (AP) — U.S. home prices rose at a faster pace in November than the previous month as lower mortgage rates and a sharp drop in available properties have pushed would-be buyers to bid up home values. The S&P CoreLogic Case-Shiller 20-city home price index rose 2.6% in November from a year ago,...

A currency trader wearing a mask watches a calendar at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Jan. 28, 2020. Asian shares continued to fall Tuesday, dragged down by worries about an outbreak of a new virus in China that threatens global economic growth. (AP Photo/Ahn Young-joon)

Asian shares sink on mounting worries over China outbreak

Jan. 27, 2020 11:30 PM EST

TOKYO (AP) — Asian shares skidded again Tuesday on deepening worries over the expanding outbreak of a new virus in China. Markets in Hong Kong and mainland China were closed Tuesday for Lunar New Year holidays, while South Korea's benchmark tumbled 3.4% to 2,170.88 as it reopened after its own holidays. ...

FILE - In this Aug. 4, 2017, file photo, Martin Shkreli leaves federal court in New York while on trial for deceiving investors in a pair of failed hedge funds. On Monday, Jan. 27, 2020, New York state and federal authorities sued the imprisoned Shkreli, also known as

NY, feds sue 'Pharma Bro' for 'scheme' to keep drug price up

Jan. 27, 2020 8:28 PM EST

NEW YORK (AP) — State and federal authorities sued imprisoned entrepreneur Martin Shkreli on Monday over tactics that shielded a profitable drug from competition after a price hike made the so-called “Pharma Bro” infamous. Shkreli was scorned as the bad-boy face of pharmaceuticals...

FILE - In this April 10, 2019, file photo, rush-hour traffic heads east, left, and west, right, along the Schuylkill Expressway in Philadelphia. A spokesman for Pennsylvania's governor said the state was committed to being a part of Transportation and Climate Initiative conversations. But a growing number of Northeast governors have concerns the TCI could increase gas prices, and raise doubts about how effective it would be in capping pollution. The initiative is aimed at a dozen Northeast and mid-Atlantic states and would take effect in 2022. (AP Photo/Jacqueline Larma, File)

Northeast governors slow to embrace regional climate pact

Jan. 27, 2020 5:36 PM EST

CONCORD, N.H. (AP) — Supporters of a regional pact that would tackle transportation emissions are struggling to win over several New England governors concerned that the climate change initiative will increase gas prices. After the Transportation and Climate Initiative was announced last month, New...

FILE - In this Dec. 11, 2019, file photo Federal Reserve Chair Jerome Powell arrives to speak at a news conference after the Federal Open Market Committee meeting in Washington. For the first time in years, Federal Reserve officials will hold their latest policy meeting this week feeling broadly satisfied with where interest rates are and with seemingly no inclination to change them anytime soon. Powell has expressed a sense of gratification with Fed policy. (AP Photo/Jacquelyn Martin, File)

Fed seems content with low rates but confronts challenges

Jan. 27, 2020 11:28 AM EST

WASHINGTON (AP) — For the first time in years, Federal Reserve officials will hold their latest policy meeting this week feeling broadly satisfied with where interest rates are and with seemingly no inclination to change them anytime soon. Chairman Jerome Powell has expressed a sense of gratification with...

President of European Central Bank Christine Lagarde smiles prior to a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, Jan. 23, 2020. (AP Photo/Michael Probst)

European Central Bank holds rates, launches policy review

Jan. 23, 2020 11:54 AM EST

FRANKFURT, Germany (AP) — The European Central Bank has decided to launch a top-to-bottom review of how it steers the economy in the 19 countries that use the euro currency. The review, the first since the global financial crisis, could include tweaking the bank's goal for inflation and finding ways to...

This Jan. 9, 2020, photo shows a sold sign is posted on a real estate sign outside a home in Derry, N.H. On Wednesday, Jan. 22, the National Association of Realtors reports on sales of existing homes in December. (AP Photo/Charles Krupa)

US home sales soared 3.6% in December

Jan. 22, 2020 11:30 AM EST

WASHINGTON (AP) — U.S. home sales climbed 3.6% in December, but a record-low inventory of houses on the market has caused prices to surge as affordability is worsening. The National Association of Realtors said Wednesday that sales of existing homes rose last month to a seasonally adjusted annual rate of...

This undated photo provided by Kia shows the 2020 Kia Telluride. In recent months, in-demand vehicles such as the Kia Telluride and the Toyota RAV4 Hybrid have been selling for a few thousand above MSRP. It's a textbook case of supply and demand in which there are more customers than cars. (Kia Motors America via AP)

Edmunds: How to buy a high-demand car in a seller's market

Jan. 22, 2020 6:00 AM EST

Nearly every time a hotly anticipated new or redesigned vehicle first hits dealer lots, a number of enterprising dealerships will take the opportunity to make some additional profit. The good news for consumers is that there are ways around these markups. Recent examples include the Dodge Demon and the Ford...

Signs point up for small manufacturers, home remodelers

Jan. 20, 2020 12:15 PM EST

NEW YORK (AP) — Recent economic indicators point to an easier time ahead for small manufacturers and companies in the home remodeling industry. A decline in the home repair and remodeling market that began in the first quarter of 2019 is projected to end with the third quarter of this year, according to...

FILE - In this Oct. 13, 2019, file photo a farmer harvests soybeans in a field near Concordia, Mo. On Wednesday, Jan. 15, 2020, the Labor Department releases the Producer Price Index for December. (AP Photo/Charlie Riedel, File)

US wholesale prices up slight 0.1% in December

Jan. 15, 2020 8:44 AM EST

WASHINGTON (AP) — U.S. wholesale prices rose a slight 0.1% in December as a jump in the cost of energy was offset by falling food prices. The Labor Department said Wednesday the December increase in its producer price index, which measures inflation pressures before they reach the consumer, followed no...