Latest Prices News

Turkish leader talks big, but can be pragmatic in crises

Aug. 14, 2018 12:39 PM EDT

ISTANBUL (AP) — The man at the center of Turkey's currency crisis and feud with the United States — President Recep Tayyip Erdogan — is unleashing the same combative rhetoric that powered him through other grave challenges in his 16 years as the increasingly authoritarian leader of a key NATO...

Turkey shaken by financial fears, Trump rattles it further

Aug. 10, 2018 9:31 PM EDT

ANKARA, Turkey (AP) — A financial shockwave ripped through Turkey on Friday, when its currency nosedived on concerns about its economic policies and a dispute with the U.S., which President Donald Trump stoked further with a promise to double tariffs on the NATO ally. The lira tumbled 14 percent in one...

Turkish turmoil knocks US and European stocks lower

Aug. 10, 2018 4:53 PM EDT

NEW YORK (AP) — Stocks in the U.S. and Europe skidded Friday as investors worried about the financial stability of Turkey and how it might affect the global banking system. Turkish President Recep Tayyip Erdogan has accumulated more and more control over the country's central bank as well as its financial...

Consumer prices up 2.9 pct, leaving Americans worse off

Aug. 10, 2018 9:28 AM EDT

WASHINGTON (AP) — Consumer prices climbed 2.9 percent in July from a year earlier, a rate of inflation that suggests Americans are earning less than a year ago despite an otherwise solid economy. The Labor Department said Friday that the consumer price index ticked up 0.2 percent in July. Annual inflation...

World markets unnerved by Turkey's financial turmoil

Aug. 10, 2018 7:36 AM EDT

BANGKOK (AP) — World stock markets fell Friday, particularly in Europe, as investors worried about the financial stability of Turkey, where the currency has nosedived. KEEPING SCORE: Germany's DAX fell 1.7 percent to 12,466 and the CAC 40 in France fell 1.2 percent to 5,436. Britain's FTSE 100 sank 0.6...

Asian shares slip despite upbeat Japanese economic data

Aug. 10, 2018 1:12 AM EDT

BANGKOK (AP) — Shares were lower in Asia on Friday, tracking losses on Wall Street, despite the release of data showing Japan's economy resumed its longtime expansion in the last quarter. KEEPING SCORE: Japan's Nikkei 225 index lost 0.7 percent 22,444.10 and Hong Kong's Hang Seng gave up 0.5 percent to...

US producer prices flat in July, restraining inflation

Aug. 9, 2018 10:10 AM EDT

WASHINGTON (AP) — U.S. wholesale prices were unchanged in July after two months of large increases, a sign inflation pressures may have softened. The Labor Department said Thursday that the producer price index — which measures price changes before they reach the consumer — increased 3.3...

US producer prices unchanged in July as food, gas prices slip, restraining inflation pressures

Aug. 9, 2018 8:32 AM EDT
WASHINGTON (AP) — US producer prices unchanged in July as food, gas prices slip, restraining inflation pressures.

Trump's China trade war pulls consumer tech into crossfire

Aug. 7, 2018 10:22 AM EDT

SAN FRANCISCO (AP) — The prices of headphones, speakers, high-tech lighting and internet service could all go up if the U.S. trade war with China continues. The Trump administration's hit list of Chinese products facing import taxes includes key components used in gadgets that can be wirelessly operated...

Stocks rise on company earnings, oil gains on Iran sanctions

Aug. 7, 2018 6:44 AM EDT

BEIJING (AP) — Global stock markets rose Tuesday as investors looked past U.S.-China trade tensions and the price of oil increased after the U.S. imposed new sanctions on Iran. KEEPING SCORE: Germany's DAX rose 0.8 percent to 12,701 and France's CAC 40 advanced 0.7 percent to 5,516. London's FTSE 100...