Latest Prices News

FILE - In this Nov. 23, 2020 file photo, stone sculptures adorn the New York Stock Exchange.  Stocks are pulling lower again on Friday, Jan. 15, 2021,  after reports showed the pandemic is deepening the hole for the economy, as Washington prepares to throw it another lifeline.   (AP Photo/Seth Wenig, File)

Stocks fall as economic pain deepens, rally runs out of gas

Jan. 15, 2021 4:27 PM EST

NEW YORK (AP) — Wall Street closed out its first losing week in three with another drop on Friday after reports showed the pandemic is deepening the hole for the economy, as Washington prepares to throw it another lifeline. The S&P 500 fell 27.29, or 0.7%, to 3,768.25, with stocks of companies that...

FILE - In this April 29, 2020 file photo, amid concerns of the spread of COVID-19, a shopper wears a mask as she looks over meat products at a grocery store in Dallas.  U.S. wholesale prices rose 0.3% in December led by a the biggest jump in energy costs since June. The Labor Department reported Friday, Jan. 15, 2021 that the gain in its producer price index, which measures inflation pressures before they reach consumers, followed a modest 0.1% gain in November and matched the 0.3% rise in October.(AP Photo/LM Otero, File)

December wholesale prices up 0.3% with sharp jump in energy

Jan. 15, 2021 9:39 AM EST

WASHINGTON (AP) — U.S. wholesale prices rose 0.3% in December led by a the biggest jump in energy costs since June. The Labor Department reported Friday that the gain in its producer price index, which measures inflation pressures before they reach consumers, followed a modest 0.1% gain in November and...

Wholesale prices rose 0.3% in December as energy prices jumped by the largest amount since June

Jan. 15, 2021 8:36 AM EST
WASHINGTON (AP) — Wholesale prices rose 0.3% in December as energy prices jumped by the largest amount since June.
A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Friday, Jan. 15, 2021. Asian shares were mixed on Friday after a late slide in several Big Tech stocks left major indexes lower on Wall Street. (AP Photo/Lee Jin-man)

Asian shares mixed following Biden speech, Wall St retreat

Jan. 14, 2021 11:08 PM EST

Asian shares were mixed on Friday after a late slide in several Big Tech stocks left major indexes lower on Wall Street. U.S. futures were trading slightly lower after President-elect Joe Biden announced his plans to propose a $1.9 billion package to help along a recovery from the coronavirus pandemic. Biden...

Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on Capitol Hill in Washington, Wednesday, Dec. 2, 2020. (Greg Nash/Pool via AP)

Powell signals Fed will keep aiding economy with bond buying

Jan. 14, 2021 4:50 PM EST

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Thursday to tamp down any concerns that the Fed might soon withdraw some of its support for the U.S. economy and stressed that any such pullback would be signaled far in advance. During an online discussion hosted by Princeton University, from...

This photo provided by Samsung shows the Galaxy S21 Ultra. Samsung’s next crop of smartphones will boast bigger screens, better cameras, and longer-lasting batteries at lower prices than than last year’s lineup that came out just before the pandemic toppled the economy. The three Galaxy S21 phones unveiled Thursday, Jan. 14, 2021 during a virtual event will face similar challenges in an economy still hobbled by the COVID-19 crisis. (Samsung via AP)

Samsung promises new phones will deliver more for less money

Jan. 14, 2021 11:34 AM EST

SAN RAMON, Calif. (AP) — Samsung’s next crop of smartphones will boast bigger screens, better cameras, and longer-lasting batteries at lower prices than last year's lineup that came out just before the pandemic toppled the economy. The three Galaxy S21 phones unveiled Thursday at a virtual event...

FILE - A for sale sign stands in front of a house, Tuesday, Oct. 6, 2020, in Westwood, Mass.   The long period of ultra-low rates on home loans may be over. Long-term bond yields, which can influence interest rates on mortgages, have climbed this month amid expectations of ramped-up U.S. government stimulus spending, economic growth and higher inflation.  (AP Photo/Steven Senne, File)

Mortgage rates poised to rise as U.S. Treasury yields surge

Jan. 14, 2021 11:15 AM EST

LOS ANGELES (AP) — The long period of record-low rates on home loans could soon be over. Long-term bond yields, which can influence interest rates on mortgages and other consumer loans, are climbing this month amid expectations of higher U.S. government spending on pandemic relief and an economy recovery...

A currency trader passes by monitors showing the Korea Composite Stock Price Inde, and foreign exchange rate at the foreign exchange dealing room of a KB Kookmin Bank branch in Seoul, South Korea, Thursday, Jan. 14, 2021. Shares were mostly higher in Asia on Thursday after a lackluster day on Wall Street, where major indexes spent the day drifting up and down near their record highs. (AP Photo/Ahn Young-joon)

Asian shares mixed after lackluster day on Wall Street

Jan. 13, 2021 10:11 PM EST

Shares were mostly higher in Asia on Thursday after a lackluster day on Wall Street, where major indexes spent the day drifting up and down near their record highs. Benchmarks rose in Hong Kong, Tokyo and Sydney but fell in Shanghai. U.S. futures were trading slightly higher after the U.S. House of...

A shopper loads her basket next to a display of paper towels in a Costco warehouse in this photograph taken Wednesday, Nov. 18, 2020, in Sheridan, Colo.  U.S. consumer prices edged up 0.2% in November as a rise in energy costs and variety of other items offset a drop in food costs. The Labor Department reported on Thursday, Dec. 10, that the gain in the consumer price index followed an unchanged reading in October and matched the 0.2% September advance. (AP Photo/David Zalubowski)

Consumer prices up 0.4% in December led by higher gas prices

Jan. 13, 2021 9:26 AM EST

WASHINGTON (AP) — U.S. consumer prices rose 0.4% in December, led by a sharp rise in gasoline prices. Last month's increase, the largest in four months, followed a 0.2% rise in November and no change at all in October, according to Labor Department numbers released Wednesday. Inflation for all of 2020...

A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, Jan. 12, 2021. Asian stocks advanced Tuesday as investors watched for details of U.S. President-elect Joe Biden's promised economic stimulus plan. (AP Photo/Vincent Yu)

Asian stocks gain as markets watch for Biden stimulus plan

Jan. 12, 2021 12:02 AM EST

BEIJING (AP) — Asian stocks advanced Tuesday as investors watched for details of President-elect Joe Biden's promised economic stimulus plan. Shanghai, Tokyo and Hong Kong were higher. Seoul declined while Sydney swung between gains and losses. Overnight, Wall Street declined following a string of...