Latest Prices News

FILE - In this Sept. 3, 2019 file photo a sign rests in front of a newly constructed home, in Westwood, Mass. U.S. home prices rose in April for the eighth straight month, even as sales have stumbled, a sign the coronavirus outbreak has had little impact on real estate values. The S&P CoreLogic Case-Shiller 20-city home price index climbed 4% in April, the largest gain since December 2018, up from 3.9% in March. (AP Photo/Steven Senne, File)

US home price gains accelerate as pandemic shakes up housing

Nov. 24, 2020 9:40 AM EST

WASHINGTON (AP) — U.S. home prices jumped in September as strong demand, low interest rates and the smallest number of available homes on record combined to push up housing costs. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, showed that home prices rose 6.6% in September...

FILE - In this Aug. 14, 2019, file photo former Fed Chair Janet Yellen speaks with FOX Business Network guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington. (AP Photo/Andrew Harnik, File)

Awaiting Yellen at Treasury: Yet another daunting crisis

Nov. 24, 2020 12:01 AM EST

WASHINGTON (AP) — Janet Yellen is in line for another top economic policy job — just in time to confront yet another crisis. Yellen, President-elect Joe Biden's apparent choice for treasury secretary, served on the Federal Reserve's policymaking committee during the 2008-2009 financial crisis that...

Barge rate increase expected to raise Alaska consumer prices

Nov. 23, 2020 9:12 AM EST

JUNEAU, Alaska (AP) — Alaska’s largest barge operator has announced a price increase starting next month, which analysts said could lead to higher prices for groceries and other consumer goods in the state next year. Alaska Marine Lines posted a notice to customers last week saying prices would rise...

Turkish central bank hikes rates to support currency

Nov. 19, 2020 7:03 AM EST

ANKARA, Turkey (AP) — Turkey’s central bank raised its benchmark interest rate on Thursday, when it held its first meeting under its new chief, in a bid to tame inflation and to prop up the struggling currency. The bank said it was raising the one-week repo rate by 4.75 percentage points to 15%. The...

Alaska loses 3,000 oil, gas jobs during pandemic, price drop

Nov. 16, 2020 8:44 PM EST

ANCHORAGE, Alaska (AP) — The Alaska Department of Labor and Workforce Development reported that the state has lost more than 3,000 jobs in the oil and gas industry since January because of the coronavirus pandemic and falling prices. Experts said that because oil prices are now stagnant, it's not clear...

FILE - In this Dec. 12, 2019, file photo workers process chickens at the Lincoln Premium Poultry plant, Costco Wholesale's dedicated poultry supplier, in Fremont, Neb. U.S. wholesale prices rose 0.3% in August 2020, just half the July gain, as food and energy prices decline. The Labor Department said Thursday, Sept. 10 that the August advance in the producer price index — which measures inflation before it reaches consumers — followed a 0.6% surge in June which was the biggest monthly gain since October 2018.  (AP Photo/Nati Harnik, File)

Wholesale prices rise 0.3%, but inflation not the worry now

Nov. 13, 2020 9:59 AM EST

WASHINGTON (AP) — U.S. wholesale prices rose moderately in October as food costs jumped by the largest amount in five months. The Labor Department reported Friday that its producer price index, which measures inflation pressures before they reach the consumer, increased 0.3% last month, slightly lower than...

Wholesale prices increase 0.3% in October with food and energy costs both up

Nov. 13, 2020 8:35 AM EST
WASHINGTON (AP) — Wholesale prices increase 0.3% in October with food and energy costs both up.
A Target employee hands a customer a curbside pickup purchase in Jackson, Miss., Thursday, Nov. 5, 2020.  U.S. consumer prices were unchanged in October, the lowest reading in five months and an indication that the price spike seen this summer is beginning to fade as coronavirus cases start to increase.  (AP Photo/Rogelio V. Solis)

US consumer prices unchanged in October, lowest in 5 months

Nov. 12, 2020 9:43 AM EST

WASHINGTON (AP) — U.S. consumer prices were unchanged in October, the lowest reading in five months, suggesting that a price spike over the summer is beginning to fade as coronavirus cases spread. The flat reading for last month followed a gain of 0.2% in September. Core inflation, which excludes volatile...

US consumer prices were unchanged in October, the lowest reading in 5 months, as inflation slows after a summer spike

Nov. 12, 2020 8:37 AM EST
WASHINGTON (AP) — US consumer prices were unchanged in October, the lowest reading in 5 months, as inflation slows after a summer spike.
People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, Nov. 12, 2020. Stocks fell back across Asia on Thursday after gains for big technology shares pushed most Wall Street benchmarks higher. (AP Photo/Eugene Hoshiko)

Asian shares slip on faltering hopes for COVID vaccines

Nov. 11, 2020 11:21 PM EST

Stocks fell back across Asia on Thursday after gains for big technology shares pushed most Wall Street benchmarks higher. News of potentially effective vaccines for COVID-19 has been countered by concerns over the logistical challenges of ensuring access to billions of people and over rising caseloads that are...