Latest Prices News

US wholesale prices rise 0.1 pct., a sign inflation in check

Dec. 11, 2018 9:21 AM EST

WASHINGTON (AP) — U.S. wholesale prices barely rose last month as a sharp decline in the cost of gas offset pricier freight trucking services and mobile phone plans. The Labor Department said Tuesday that the producer price index — which tracks cost changes before they reach the consumer —...

US wholesale prices inch up 0.1 percent in November as gas costs fall

Dec. 11, 2018 8:32 AM EST
WASHINGTON (AP) — US wholesale prices inch up 0.1 percent in November as gas costs fall.

Turkish economy slowed to 1.6 percent in 2018 third quarter

Dec. 10, 2018 3:45 AM EST

ANKARA, Turkey (AP) — Statistics show Turkey's economy slowed in the third quarter of 2018, hit by high inflation and a currency crisis. Turkish Statistical Institute figures released on Monday showed that the economy grew by 1.6 percent in the period from July to September compared with the previous year....

Stocks drop 4 percent in rocky week on trade, growth worries

Dec. 7, 2018 6:25 PM EST

Wall Street capped a turbulent week of trading Friday with the biggest weekly loss since March as traders fret over rising trade tensions between Washington and Beijing and signals of slower economic growth. The latest wave of selling erased more than 550 points from the Dow Jones Industrial Average, bringing its...

Bull's eye on US' Permian Basin as oil prices rise

Dec. 7, 2018 2:34 PM EST

ALBUQUERQUE, N.M. (AP) — Some of the largest energy companies in the U.S. have already invested billions of dollars on claims up and down the Texas-New Mexico state line, tapping one of the nation's richest and most prolific oil and natural gas regions. Now the stakes just got higher, as the U.S....

Oil producers join forces and cut production again

Dec. 7, 2018 2:08 PM EST

VIENNA (AP) — Oil prices spiked sharply higher Friday as major oil producers, including the OPEC cartel, agreed to cut global oil production by 1.2 million barrels a day to reduce oversupply. Following two days of meetings, the Organization of the Petroleum Exporting Countries that includes the likes of...

The Latest: OPEC backs 6-month oil production cut package

Dec. 7, 2018 11:14 AM EST

VIENNA (AP) — The Latest on the OPEC oil meeting (all times local): 5:05 p.m. OPEC's president says the oil cartel in conjunction with non-OPEC producers including Russia have agreed to cut oil production by 1.2 million barrels a day in January for six months. Suhail Mohamed al-Mazrouei, who is also the...

Asian shares rise on Wall Street gains amid trade friction

Dec. 6, 2018 10:42 PM EST

TOKYO (AP) — Asian shares were mostly higher Friday after gains on Wall Street but investors continued to watch for news about U.S.-China trade friction. KEEPING SCORE: Japan's benchmark Nikkei 225 added 0.1 percent to 21,524.02, and Australia's S&P/ASX 200 gained 0.5 percent to 5,685.50 in early...

Markets Right Now: Stocks claw back from an early plunge

Dec. 6, 2018 4:13 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks clawed back much of the ground they lost in an early plunge triggered by the arrest of a senior Chinese technology executive. The Dow Jones Industrial Average and the S&P 500 index ended slightly lower...

OPEC delays oil output decision pending Russia talks

Dec. 6, 2018 12:58 PM EST

VIENNA (AP) — OPEC countries hoping to support the price of oil put off their decision Thursday on how much to reduce oil production until they negotiate with ally Russia on Friday on how much it will contribute to the cut. Some saw it as a sign that the group of oil-producing nations may not have the...