Latest Prices News
US consumer prices increased 0.3 percent in October
WASHINGTON (AP) — Consumer prices climbed 0.3 percent in October, with higher prices for gasoline, used autos and housing contributing to the increase. The Labor Department said Wednesday that this measure of inflation has jumped 2.5 percent over the past 12 months. Adjusted for rising prices, average...
Global shares dip after Wall Street falls over oil concerns
LONDON (AP) — Concerns about political developments in Britain and Italy kept a lid on global stock markets on Wednesday. Meanwhile oil prices recouped some lost ground. KEEPING SCORE: In Europe, France's CAC slipped 0.4 percent to 5,082 while Germany's DAX fell .3 percent to 11,441. The FTSE 100 index of...
Energy agency: Global oil supply jumps, sending prices lower
FRANKFURT, Germany (AP) — The International Energy Agency said Wednesday that global oil supplies are growing rapidly as Saudi Arabia, the United States and Russia pump more oil in response to fears of higher prices as a result of renewed U.S. sanctions on Iran. The IEA said in its monthly report that...
Edmunds: Black Friday isn't what it used to be
Over the last decade, Black Friday weekend became a bona-fide sales event in the car business. In 2015, for example, it accounted for more than 18 percent of all car deals made that month. But Black Friday isn't the sales juggernaut it once was. Just as other retailers now push "Early Black Friday" sales right...
UK inflation steady above Bank of England's target
LONDON (AP) — Official figures show inflation in Britain held steady above the Bank of England's target level in October. The Office for National Statistics said the consumer prices index in the year to October was unchanged at 2.4 percent — above the Bank's target of 2 percent. The Bank has raised...
Big question for Amazon's 2 chosen cities: Will it pay off?
WASHINGTON (AP) — The awarding of Amazon's second headquarters to two affluent localities has fanned intense speculation around a key question: For the winning cities, will the economic payoff prove to be worth the cost? Amazon's decision will bring to Arlington, Virginia, and the Long Island City section...
Asian shares lower after Wall Street falls over oil concerns
TOKYO (AP) — Asian shares were mostly lower Wednesday, after the steepest drop in oil prices in more than three years put investors in a selling mood on Wall Street. KEEPING SCORE: Japan's benchmark Nikkei 225 inched down 0.1 percent to 21,779.22 in early trading, while Australia's S&P/ASX 200 lost 1.3...
IMF: Mideast oil producers buoyed by higher prices, for now
DUBAI, United Arab Emirates (AP) — Higher oil prices are helping to offset increases in public spending by the Middle East's oil exporting heavyweights like Saudi Arabia, with these countries narrowing their budget deficit by $77 billion, the International Monetary Fund said on Tuesday. However, the rosier...
Saudi Arabia, Russia discussing possible oil-production cuts
Momentum seems to be growing among major oil producers to reduce output in an effort to end a slump in prices. Saudi Arabia's energy minister said Sunday that the kingdom will reduce exports by about 500,000 barrels a day from November to December. Khalid al-Falih made the comment at a meeting of oil producers in...
Chinese leaders struggle to dispel stock market gloom
BEIJING (AP) — Lu Yushan, a retired salesman, has advice for investors in China's slumping stock market: Sell. Lu's shares soared over the past decade. But the 65-year-old cashed out this year, driven away by plunging prices, insider trading scandals, a cooling economy and a tariff war with Washington....
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