Latest Prices News

Sprint exec messages suggest T-Mobile deal may boost prices

Dec. 9, 2019 6:32 PM EST

NEW YORK (AP) — Messages by a Sprint executive revealed in federal court suggested he thought an acquisition by T-Mobile might push up mobile-service prices for consumers, undercutting T-Mobile's argument that its deal will benefit Americans. The text messages, presented by attorneys for a coalition of...

Fed is likely to reinforce a message of continued low rates

Dec. 9, 2019 2:42 PM EST

WASHINGTON (AP) — The Federal Reserve is expected to send a clear message when its latest policy meeting ends Wednesday: Interest rates will likely stay ultra-low for the foreseeable future. Behind that message is a view that has gained support at the Fed as the U.S. economic expansion has entered a record...

Ex-Fed Chair Volcker dies, tamed inflation with recession

Dec. 9, 2019 12:49 PM EST

Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died, according to his office. He was 92. Volcker took charge of the Fed in August 1979, when the U.S. economy was in the grip...

Former Federal Reserve Chairman Paul Volcker who fought runaway inflation in the 1980s has died.

Dec. 9, 2019 9:31 AM EST
WASHINGTON (AP) — Former Federal Reserve Chairman Paul Volcker who fought runaway inflation in the 1980s has died.

Protests subside, but economic aftershocks rattle Haitians

Dec. 7, 2019 11:35 AM EST

Port-au-Prince (AP) — The flaming barricades are mostly gone, protesters have largely dissipated and traffic is once again clogging the streets of Haiti’s capital, but hundreds of thousands of people are now suffering deep economic aftershocks after more than two months of demonstrations. The...

Pelosi sets Medicare showdown on drug costs and new benefits

Dec. 5, 2019 5:02 PM EST

WASHINGTON (AP) — The House will hold a showdown vote next week on Speaker Nancy Pelosi's bill empowering Medicare to negotiate drug prices, expanded Thursday to provide seniors with dental, vision and hearing benefits not currently covered. Leading Democratic committee chairmen said the Congressional...

US report: Prescription drug prices down slightly last year

Dec. 5, 2019 4:03 PM EST

WASHINGTON (AP) — Prices for prescription drugs edged down by 1% last year, a rare result driven by declines for generics and slow, low growth in the cost of brand-name medications, the government said Thursday. Though modest, it was the first such price drop in 45 years, according to nonpartisan economic...

Asian shares rise on optimism about US-China trade deal

Dec. 4, 2019 9:51 PM EST

TOKYO (AP) — Asian shares were rising Thursday amid renewed hopes a U.S. trade deal with China may be nearing, despite tough recent talk from President Donald Trump. Japan’s benchmark Nikkei 225 gained 0.7% to 23,300.03 in early trading, while Australia’s S&P/ASX 200 added nearly 1.0% to...

France to retaliate if US doubles Champagne, cheese prices

Dec. 3, 2019 11:56 AM EST

PARIS (AP) — France is bristling at a U.S. threat to slap 100% tariffs on French cheeses, Champagne and other products, with the French leader telling President Donald Trump on Tuesday that the move would amount to an attack on all of Europe. The U.S. Trade Representative proposed the tariffs on $2.4...

Syrian pound at new low as crisis roils neighboring Lebanon

Dec. 2, 2019 1:01 PM EST

DAMASCUS, Syria (AP) — The Syrian pound hit a record low Monday amid the country’s grinding civil war, now in its ninth year, and as a financial and political crisis roils neighboring Lebanon, Syria’s economic lung. When Syria’s conflict erupted in March 2011, a dollar was valued at 47...