Latest Prices News

Trump's new trade decision: Impose tariffs on imported cars?

Feb. 15, 2019 5:04 AM EST

DETROIT (AP) — Sometimes, on a bad night, Brad Strong wakes at 2 a.m. and can't get back to sleep. The insomnia isn't about his family or money or health. It's about tariffs. The Strong family's three car dealerships in Salt Lake City could suffer a significant blow if President Donald Trump proceeds with...

Mixed finish for US stock indexes over weak retail sales

Feb. 14, 2019 4:54 PM EST

U.S. stock indexes clawed most of the way back from an early slide Thursday to finish mostly lower, ending a four-day winning streak for the benchmark S&P 500 index. Losses in banks and retailers and consumer products makers offset gains in health care stocks, technology companies and elsewhere in the market...

US wholesale prices dip 0.1 percent in January

Feb. 14, 2019 8:56 AM EST

WASHINGTON (AP) — U.S. wholesale prices fell for a second straight month in January as energy costs fell sharply again. The monthly declines were more evidence that inflation remains under control. The Labor Department said Thursday that producer prices, which track changes before they reach the consumer,...

US wholesale prices down 0.1 percent in January, second monthly decline, as inflation remains docile

Feb. 14, 2019 8:32 AM EST
WASHINGTON (AP) — US wholesale prices down 0.1 percent in January, second monthly decline, as inflation remains docile.

Correction: Minimum Wage-Illinois story

Feb. 13, 2019 5:36 PM EST

SPRINGFIELD, Ill. (AP) — In a story Feb. 12 about a proposal to raise the Illinois minimum wage, The Associated Press incorrectly reported that the value of a $15 minimum wage in 2025 would be about $10.46 in today's money, assuming an annual inflation rate of 2.1 percent. At that rate, it would be worth...

Democrats question pledges in $26.5B T-Mobile-Sprint deal

Feb. 13, 2019 3:47 PM EST

WASHINGTON (AP) — Democratic lawmakers challenged top executives of T-Mobile and Sprint on Wednesday over their pledge not to raise prices for wireless services or hurt competition if their $26.5 billion merger goes through. At a hearing by a House committee, the two executives defended the deal, which...

US consumer prices flat in January

Feb. 13, 2019 9:43 AM EST

WASHINGTON (AP) — Consumer prices were unchanged in January, as lower gasoline prices offset the rising costs of housing, clothing and medical care. The Labor Department said the consumer price index rose only 1.6 percent last month from a year earlier. That matched the slowest pace of annual inflation...

UK inflation below official target for first time in 2 years

Feb. 13, 2019 5:19 AM EST

LONDON (AP) — Lower energy costs as well as a waning impact from the pound's sharp fall in the aftermath of the country's Brexit vote have helped consumer price inflation in Britain fall below the Bank of England's target of 2 percent for the first time in two years. The Office for National Statistics said...

Asian shares mostly higher on US-China trade deal optimism

Feb. 12, 2019 10:47 PM EST

TOKYO (AP) — Asian shares were mostly higher Wednesday, cheered by prospects for a resolution to the costly trade dispute between the U.S. and China, which had also sent Wall Street indexes higher. Japan's benchmark Nikkei 225 added 1.5 percent to 21,185.59 in morning trading, while Australia's S&P/ASX...

Analysis: $15 minimum wage no windfall for Illinois workers

Feb. 12, 2019 5:48 PM EST

SPRINGFIELD, Ill. (AP) — Nearly a quarter of workers in Illinois would see their pay almost double under a proposal nearing final approval in the Legislature, but inflation will take a huge bite by the time the state's minimum wage reaches $15 an hour in 2025. The statewide pay floor has remained at $8.25...