Latest Prices News

US jobless rate sinks to 4.2% as many more people find jobs

Dec. 03, 2021 11:39 AM EST

WASHINGTON (AP) — America's unemployment rate tumbled last month to its lowest point since the pandemic struck, even as employers appeared to slow their hiring — a mixed picture that pointed to a resilient economic rebound that's putting more people to work. The...

EXPLAINER: Turkey's currency is crashing. What's the impact?

Dec. 03, 2021 09:37 AM EST

ANKARA, Turkey (AP) — Turkey’s beleaguered currency has been plunging to all-time lows against the U.S. dollar and the euro in recent months as President Recep Tayyip Erdogan presses ahead with a widely criticized effort to cut interest rates despite surging consumer prices. ...

US employers added a sluggish 210,000 jobs in November as economy contends with inflation and shortages

Dec. 03, 2021 08:43 AM EST
WASHINGTON (AP) — US employers added a sluggish 210,000 jobs in November as economy contends with inflation and shortages.

OPEC, allies stick to modest output boost despite omicron

Dec. 02, 2021 16:48 PM EST

NEW YORK (AP) — OPEC and allied oil-producing countries decided Thursday to stick to their plans to boost oil production even as the new omicron variant cast a shadow of uncertainty over the global economic recovery from the coronavirus pandemic. Officials from OPEC...

Economists: Kentucky farm sector may reap record receipts

Dec. 02, 2021 13:34 PM EST

Having endured bumpy seasons of global trade fights and slumping commodity prices, Kentucky agriculture appears poised to reap record-setting cash receipts this year — fueled by strong crop yields and surging grain exports, agricultural economists said Thursday. ...

Christmas tree buyers face reduced supplies, higher prices

Dec. 02, 2021 13:12 PM EST

ALAMEDA, Calif. (AP) — Even Christmas trees aren’t immune to the pandemic-induced shortages and inflation plaguing the economy. Extreme weather and supply chain disruptions have reduced supplies of both real and artificial trees this season. American shoppers should...

US long-term mortgage rates relatively flat this week

Dec. 02, 2021 10:19 AM EST

SILVER SPRING, Md. (AP) — The average interest rate for long-term mortgages in the U.S. remained flat this week, following the Federal Reserve suggesting that it would start tightening credit by raising its benchmark rate. Mortgage buyer Freddie Mac reported Thursday...

Erdogan replaces finance minister as Turkey's lira crashes

Dec. 02, 2021 10:15 AM EST

ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan appointed a new treasury and finance minister Thursday after the previous one stepped down as the country's currency has tumbled to record lows. Erdogan named deputy minister Nureddin Nebati to the post,...

Dollar General opening more $5 or less Popshelf stores

Dec. 02, 2021 09:02 AM EST

Getting more bang for your buck used to be the mantra of dollar store shoppers everywhere, but times are changing - and prices are rising. As consumers continue to contend with escalating prices for food, clothing and other items thanks to inflation, discount retail...

Mexico president reaches midterm with high approval rating

Dec. 01, 2021 20:51 PM EST

MEXICO CITY (AP) — Mexican President Andrés Manuel López Obrador held a massive rally in Mexico City Wednesday to mark the midway point in his six-year term with polls showing that about two-thirds of Mexicans approve of the job he is doing. López Obrador’s...