Latest Prices News

Mexico's central bank lowers prime rate to 4.5%

Aug. 13, 2020 4:21 PM EDT

MEXICO CITY (AP) — Mexico’s central bank decided Thursday to lower its prime interest rate by a half-point to 4.5% amid a sharp economic downturn and rising inflation due to the coronavirus pandemic. The Bank of Mexico said inflation rose to 3.62% in July. At that level, government 28-day treasury...

FILE - This July 21, 2020 file photo shows The New York Stock Exchange.  Stocks are rebounding in early trading on Wall Street Wednesday, Aug. 12, carrying the S&P 500 back toward the cusp of its record high. The benchmark index was up 1% after the first half-hour of trading and on pace for its eighth gain in nine days.  (AP Photo/Mark Lennihan, File)

Stocks rebound on Wall Street, S&P 500 trades above record

Aug. 12, 2020 5:54 PM EDT

Stocks marched broadly higher on Wall Street Wednesday, briefly nudging the S&P 500 above its all-time closing high set in February, before the coronavirus pandemic led to a historic market plunge. The benchmark index notched a 1.4% gain, its eighth in nine days. It ended within 0.2% of its record high from...

FILE - In this March 31, 2020 file photo, prices are seen on a gas pump in Brandon, Miss. U.S. consumer prices jumped 0.6% in July as gasoline prices continued to rise. The Labor Department reported Wednesday, Aug. 12,  that the increase in its consumer price index matched a 0.6% rise in June. (AP Photo/Julio Cortez, File)

US consumer prices rose 0.6% in July, matching June uptick

Aug. 12, 2020 9:17 AM EDT

WASHINGTON (AP) — U.S. consumer prices jumped 0.6% in July as gasoline prices continued to rise. The Labor Department reported Wednesday that the increase last month in its consumer price index matched a 0.6% rise in June. The uptick was about twice what economists expected. But inflation remains in check:...

Egg producer gouged prices when pandemic hit, lawsuit says

Aug. 11, 2020 6:28 PM EDT

NEW YORK (AP) — One of the country’s largest egg producers illegally inflated prices when the pandemic hit New York, taking in $4 million as it charged up to four times more per carton, state Attorney General Letitia James charged in a lawsuit Tuesday. James claims that in March and April,...

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 producer prices up 0.6% in July, biggest jump since 2018

Aug. 11, 2020 9:04 AM EDT

WASHINGTON (AP) — U.S. wholesale prices shot up an unexpected 0.6% in July, biggest gain since October 2018, as energy prices moved sharply higher. The Labor Department said Tuesday that the jump last month in its producer price index — which measures inflation before it reaches consumers —...

US producer prices shot up an unexpected 0.6% in July

Aug. 11, 2020 8:32 AM EDT
WASHINGTON (AP) — US producer prices shot up an unexpected 0.6% in July.
FILE - In this Aug. 3, 2020, file photo, a woman wearing a face mask walks by an electronic stock board of a securities firm in Tokyo.  Shares advanced in Asia on Tuesday, Aug. 11, extending another rally that took the S&P 500 to within striking distance of its all-time high set in February. (AP Photo/Koji Sasahara, File)

Asian shares extend rally; S&P 500 within 1% of record

Aug. 10, 2020 11:00 PM EDT

Shares advanced in Asia on Tuesday, extending another rally that took the S&P 500 to within striking distance of its all-time high set in February. Japan’s Nikkei 225 added 1.6% and Hong Kong gained more than 2% in early trading, even as the tally of confirmed new coronavirus cases worldwide topped 20...

This Week: Consumer prices, Tapestry earns, retail sales

Aug. 10, 2020 1:10 AM EDT

A look at some of the key business events and economic indicators upcoming this week: HIGHER PRICES SEEN Economists project that consumer prices rose last month from a year earlier. The Labor Department’s consumer price index, due out Wednesday, is projected to show a gain of 0.7% for July. That would...

A currency trader smiles at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Aug. 7, 2020. Asian shares were mostly lower Friday in lackluster trading, as the region weighed continuing trade tensions over China and optimism about more fiscal stimulus for the ailing U.S. economy. (AP Photo/Ahn Young-joon)

Asian shares skid amid virus woes, China-US trade tensions

Aug. 7, 2020 12:06 AM EDT

TOKYO (AP) — Asian shares were mostly lower Friday in lackluster trading, as trade tensions between the U.S. and China offset optimism about more fiscal stimulus for the ailing U.S. economy. Investors were also awaiting a U.S. report on jobs later Friday for another gauge of the economic fallout from the...

Utah businesses accused of price gouging to return $13K

Jul. 30, 2020 3:41 PM EDT

SALT LAKE CITY (AP) — The Utah Division of Consumer Protection has ordered the return of more than $13,000 to consumers who paid higher-than-normal prices for goods at the start of the coronavirus pandemic. The state has received 933 complaints from customers claiming they were overcharged for medical...