Latest Prices News

US job openings sink as economy slows, cost to borrow rises

Oct. 04, 2022 12:21 PM EDT

WASHINGTON (AP) — The number of available jobs in the U.S. plummeted in August compared with July as businesses grow less desperate for workers, a trend that could cool chronically high inflation. That is good news for the Federal Reserve in its efforts to bring down high prices...

Stocks rise in extended rally, clawing back more ground

Oct. 04, 2022 12:20 PM EDT

NEW YORK (AP) — Stocks rose sharply in afternoon trading on Wall Street Tuesday and clawed back more of the ground they lost in a miserable several weeks. The S&P 500 rose 2.9% as of 12:01 p.m. Eastern. The benchmark index has been rallying since hitting its lowest point of the...

Dutch government announces energy price cap for consumers

Oct. 04, 2022 10:34 AM EDT

THE HAGUE, Netherlands (AP) — The Dutch government unveiled details of its planned energy price cap for households Tuesday, together with the outline of a subsidy system aimed at easing the pain for small-to-medium-sized businesses that use a lot of power. The moves come amid...

Australian central bank lifts cash rate to 9-year high 2.6%

Oct. 04, 2022 01:19 AM EDT

CANBERRA, Australia (AP) — Australia’s central bank on Tuesday boosted its benchmark interest rate for a sixth consecutive month to a nine-year high of 2.6%. The Reserve Bank of Australia’s increase of a quarter percentage point to the cash rate was smaller than those at recent...

Asian shares rise after 'relief rally' on Wall Street

Oct. 04, 2022 00:07 AM EDT

TOKYO (AP) — Asian shares rose Tuesday, encouraged by a rally in U.S. shares after some weak economic data raised hopes that the Federal Reserve might ease away from aggressive interest rate hikes. Japan's benchmark Nikkei 225 added 2.3% in morning trading to 26,811.08. Australia's...

Record inflation squeezes Turkish tobacco workers, owners

Oct. 03, 2022 07:03 AM EDT

CELIKHAN, Turkey (AP) — Mehmet Emin Calkan begins work harvesting a tobacco field in rural Turkey before dawn, then has another shift skewering and stringing the tobacco to dry under the sun. The 19-year-old, who hopes to study electronic engineering, has undertaken the strenuous...

Allies aim for risky Russian oil price cap as winter nears

Oct. 02, 2022 00:04 AM EDT

WASHINGTON (AP) — U.S. officials celebrated in early September when top allies agreed to back an audacious, never-before-tried plan to clamp down on Vladimir Putin’s access to cash as he wages war on Ukraine. The idea sounded simple enough: The countries would pay only cut-rate...

UK train strikes and energy hikes add to a week of turmoil

Oct. 01, 2022 09:50 AM EDT

LONDON (AP) — Trains in Britain all but ground to a halt Saturday as coordinated strikes by rail workers added to a week of turmoil caused by soaring energy prices and unfunded tax cuts that roiled financial markets. Only about 11% of train services were expected to operate across...

South Florida home prices fall, but key issue remains

Oct. 01, 2022 03:14 AM EDT

MIAMI (AP) — Housing prices fell again last month in Miami-Dade County and dipped for the first time in months in neighboring Broward County, an uplifting sign for aspiring home buyers. Miami-Dade’s median sale price dwindled to $551,250 for a single-family home in August, down...

Governor debate: Noem for abortion ban, Smith wants changes

Oct. 01, 2022 00:05 AM EDT

SIOUX FALLS, S.D. (AP) — South Dakota Gov. Kristi Noem indicated Friday during her reelection campaign's lone debate with her Democratic challenger, state lawmaker Jamie Smith, that if reelected she will uphold the state's abortion ban that provides no exceptions for rape or incest. ...