Latest Prices News

More turn to UK food banks as food and fuel bills soar

May. 24, 2022 08:20 AM EDT

LONDON (AP) — For many struggling families, older people and the homeless, Michelle Dornelly’s food hub in east London has been a lifeline. Since the COVID-19 pandemic hit Britain, she has been collecting surplus groceries from supermarkets and distributing them to people who can't afford to...

Stock market slump unsettling Americans eying retirement

May. 24, 2022 07:13 AM EDT

Americans on the cusp of retiring are facing a tough choice as they watch their nest eggs shrink: Stay the course or keep working. A stock market slump this year has taken a big bite out of investors’ portfolios, including retirement plans like 401(k)s. The S&P 500, the...

Global shares trade lower as inflation worries cloud outlook

May. 24, 2022 05:01 AM EDT

TOKYO (AP) — Global shares declined Tuesday as worries over inflation tempered optimism over President Joe Biden’s remark that he was considering reducing U.S. tariffs on Chinese imports. European shares fell in early trading, with France's CAC 40 down 1.3% at 6,275.73....

AP-NORC poll: Economy grows as priority on Russia response

May. 24, 2022 00:27 AM EDT

WASHINGTON (AP) — Americans are becoming less supportive of punishing Russia for launching its invasion of Ukraine if it comes at the expense of the U.S. economy, a sign of rising anxiety over inflation and other challenges, according to a new poll. While broad support for U.S....

Asian shares mostly lower as inflation worries cloud outlook

May. 23, 2022 23:00 PM EDT

TOKYO (AP) — Asian shares were mostly lower on Tuesday as worries over inflation tempered optimism over President Joe Biden’s remark that he was considering reducing U.S. tariffs on Chinese imports. Benchmarks fell in Tokyo, Seoul, Shanghai and Hong Kong but rose slightly in...

Editorial Roundup: Michigan

May. 23, 2022 17:19 PM EDT

Detroit News. May 21, 2022. Editorial: Tax cuts are better than tax rebates Michigan finds itself in the rare spot of having more money coming into the state budget than it needs to run the state. Both Republican legislative leaders and Democratic Gov. Gretchen...

Davos updates | Urgent need in Afghanistan is saving economy

May. 23, 2022 15:21 PM EDT

DAVOS, Switzerland (AP) — Two high-level speakers at the World Economic Forum gathering say Afghanistan’s most urgent need is saving its economy from complete collapse. Achim Steiner, administrator of the United Nations Development Program, said Monday in Davos that “we cannot...

European Central Bank chief signals possible July rate hike

May. 23, 2022 15:10 PM EDT

FRANKFURT, Germany (AP) — The president of the European Central Bank on Monday gave the clearest sign yet that policymakers will aim to raise interest rates as soon as July to ease surging inflation. In a blog post on the Frankfurt, Germany-based bank's website, President Christine...

For Americans, 2021 delivered healthiest finances in 8 years

May. 23, 2022 11:04 AM EDT

WASHINGTON (AP) — Americans' financial health reached its highest level in nearly a decade last year, the Federal Reserve said Monday, spurred by a strong job market and government support payments. Almost eight in 10 adults said last fall that they were either “doing okay or...

Re/Max CEO: Home prices can't keep up double-digit gains

May. 23, 2022 09:32 AM EDT

LOS ANGELES (AP) — The U.S. housing market is slowing as would-be buyers struggle with rising borrowing costs and a persistent shortage of properties for sale. Previously occupied home sales fell in February and March as mortgage rates shot up, crimping homebuyers’ purchasing...