Latest Prices News

UK inflation unexpectedly spikes on higher clothing costs

Sep. 19, 2018 6:04 AM EDT

LONDON (AP) — Official figures show that inflation in Britain unexpectedly rose in August to a six-month high as clothing and transport costs rose sharply. The Office for National Statistics said Wednesday that consumer price inflation was 2.7 percent in the year to August, up from the 2.5 percent rate...

US-China tariffs: What's behind them, who stands to be hurt?

Sep. 18, 2018 1:34 AM EDT

WASHINGTON (AP) — By imposing tariffs on $200 billion more in Chinese goods starting next week, President Donald Trump has intensified his trade war with Beijing and triggered the likelihood of price increases for many American companies and consumers. Beijing has said it will swiftly retaliate against...

Asian shares mixed as Trump orders new tariffs on China

Sep. 17, 2018 11:55 PM EDT

SINGAPORE (AP) — Asian markets were mixed on Tuesday after President Donald Trump ordered tariffs on $200 billion more in Chinese goods, ramping up tensions between the world's top two economies. Investors have been expecting the move, even as U.S. officials proposed a new round of talks with their Chinese...

As midterms near, Trump gambles on his hardline trade policy

Sep. 17, 2018 4:37 PM EDT

WASHINGTON (AP) — Farmers worry about falling crop prices and lost sales overseas. Manufacturers fear rising costs and new foreign taxes on their exports. American allies overseas are furious. By any conventional gauge, President Donald Trump's uncompromising stance toward tariffs and the pain they've...

AP FACT CHECK: Trump exaggerates benefits of tariffs to US

Sep. 17, 2018 2:17 PM EDT

WASHINGTON (AP) — President Donald Trump is declaring on Twitter a premature victory from his tariffs. Despite the manufacturing renaissance he claims, it's too soon to determine the full scope of any benefit or harm they might create. Trump is correct to say the tariffs should bring more money to the...

San Francisco Federal Reserve names Mary Daly as president

Sep. 14, 2018 5:27 PM EDT

WASHINGTON (AP) — The Federal Reserve Bank of San Francisco on Friday announced the appointment of Mary Daly, a longtime Fed economist and a labor market specialist, as the next president of the regional bank. Daly replaces John Williams, who became president of the New York Federal Reserve Bank in April....

Layoffs hit, prices lag as tariff pinches lobster industry

Sep. 14, 2018 1:47 PM EDT

PORTLAND, Maine (AP) — The American lobster industry is starting to feel the pinch of China's tariff on U.S. seafood as exporters and dealers cope with sagging prices, new financial pressures and difficulty sending lobsters overseas. China is a major buyer of lobsters, and it imposed a heavy tariff on...

US retail sales up just 0.1 pct. after previous strong gain

Sep. 14, 2018 9:16 AM EDT

WASHINGTON (AP) — U.S. retail sales barely rose in August as consumers slowed their spending after a robust month of shopping in July. The Commerce Department said Friday that the value of purchases ticked up just 0.1 percent last month, the smallest increase in six months. But the sluggish figure may...

Asian shares continue rally after Wall Street gains

Sep. 13, 2018 11:32 PM EDT

TOKYO (AP) — Asian shares were mostly higher Friday, continuing their rally after gains on Wall Street and hopes that regional trade tensions may ease. KEEPING SCORE: Japan's benchmark Nikkei 225 gained nearly 1.0 percent to 23,042.83 in the morning session. Australia's S&P/ASX 200 was up 0.6 percent...

Argentina's inflation rises 3.9 percent in August

Sep. 13, 2018 4:11 PM EDT

BUENOS AIRES, Argentina (AP) — Argentina says consumer prices rose 3.9 percent in August, the highest rate so far this year. That brings the 12-month nationwide inflation rate to 34.4 percent — one of the world's highest. The inflation rate published by the official statistics agency Thursday...