Latest Prices News

Netflix's 2Q dud rattles investors as competition heats up

Jul. 17, 2019 8:51 PM EDT

SAN FRANCISCO (AP) — Netflix's video streaming service suffered a dramatic slowdown in growth during its traditionally sluggish spring season, a drop-off coming as the company boosts its prices and girds for even stiffer competition. The service picked up 2.7 million worldwide subscribers for the...

Powell says financial crisis accelerated economic changes

Jul. 16, 2019 2:54 PM EDT

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that the 2008 financial crisis accelerated major changes in the U.S. and global economies, leading to slower growth, lower inflation and lower interest rates. Delivering remarks to a Paris economic conference, Powell said that since the...

Zimbabwe's civil servants protest pay as inflation hits 176%

Jul. 16, 2019 10:44 AM EDT

HARARE, Zimbabwe (AP) — Representatives of Zimbabwe's government workers Tuesday protested against what they called "slave salaries" as inflation almost doubled to 176%, a decade high that highlights the country's rapidly deteriorating economy. Holding placards and singing songs denouncing the country's...

Stocks climb to records on hopes for lower interest rates

Jul. 12, 2019 4:30 PM EDT

NEW YORK (AP) — The major U.S. stock indexes closed at record highs on Friday, with the S&P 500 ending above 3,000 for the first time. The market was driven higher by technology, consumer discretionary and industrial company stocks, which more than offset the drop in drugmakers. Investors continued to...

US producer prices rise a modest 0.1% in June

Jul. 12, 2019 8:41 AM EDT

WASHINGTON (AP) — U.S. producer prices rose modestly in June, another sign that inflationary pressures remain subdued. The Labor Department said Friday that its producer price index, which measures inflation before it reaches consumers, rose 0.1% last month, same as the increase in May. Wholesale prices...

US producer prices rise 0.1% in June, another sign that inflationary pressures remain subdued

Jul. 12, 2019 8:31 AM EDT
WASHINGTON (AP) — US producer prices rise 0.1% in June, another sign that inflationary pressures remain subdued.

World shares mostly higher after Wall St sets new records

Jul. 12, 2019 6:58 AM EDT

BANGKOK (AP) — World shares were mostly higher on Friday after Wall Street ended overnight with the Dow Jones Industrial Average closing above 27,000 for the first time. Germany's DAX edged 5.68 points higher to 12,337.80 while the CAC 40 in France surged 0.6% to 5,585.27. Britain's FTSE climbed 0.3% to...

Asian shares mostly higher after Wall St sets new records

Jul. 12, 2019 12:19 AM EDT

BANGKOK (AP) — Shares in Asia are mostly higher after a turbulent day on Wall Street ended with the Dow Jones Industrial Average closing above 27,000 for the first time. Japan's Nikkei 225 index edged 0.1% higher to 21,674.14 and the Hang Seng in Hong Kong added 0.5% to 28,575.96. The Shanghai Composite...

Setbacks for Trump's drive to lower prescription drug costs

Jul. 11, 2019 6:09 PM EDT

WASHINGTON (AP) — After two setbacks this week, President Donald Trump is now focusing his drive to curb drug costs on congressional efforts aimed at helping people on Medicare and younger generations covered by workplace plans. The White House on Thursday yanked its own regulation to ease the financial...

Powell sends further signals of future rate cuts

Jul. 11, 2019 5:52 PM EDT

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell, testifying for a second day before Congress, said Thursday that the economy is in a "very good place" despite headwinds and that the Fed is prepared to do what it can to "keep it there." Powell's comments before the Senate Banking Committee...