Latest Prices News

AP FACT CHECK: Trump cries 'treason' over campaign scrutiny

May. 20, 2019 6:10 AM EDT

WASHINGTON (AP) — President Donald Trump is using "treason" rather lightly as he assails unidentified U.S. officials for investigating operatives of his campaign in 2016. There's no allegation or even suggestion that they committed this punishable-by-death crime, if any crime at all. Trump's hyperbolic...

AP FACT CHECK: Trump's miscues on trade and drug prices

May. 18, 2019 8:26 AM EDT

WASHINGTON (AP) — President Donald Trump spoke this past week as if he's unaware that drug prices have gone up and tariffs came before him. His boast that the U.S. never collected a dime on goods from China until he imposed them marked a series of statements misrepresenting how trade works as the two...

Mounting tensions with Iran, China leave oil prices in flux

May. 17, 2019 3:57 PM EDT

NEW YORK (AP) — A rare mix of geopolitical tensions in the Middle East and China is tugging oil prices in opposite directions and creating uncertainty over where they might land. Deteriorating trade talks between the United States and China, the world's two largest economies, are posing a serious threat to...

Dems push bill on health care, drug prices through House

May. 16, 2019 8:08 PM EDT

WASHINGTON (AP) — Democrats pushed legislation buttressing the 2010 health care law and curbing prescription drug prices through the House Thursday, advancing a bill that has no chance of surviving in the Senate or getting President Donald Trump's signature and seemed engineered with next year's elections...

Escalating trade war causing anxiety in America's heartland

May. 14, 2019 5:32 PM EDT

BISMARCK, N.D. (AP) — When President Donald Trump began talking about tariffs in 2017, Upper Midwest soybean farmer Jamie Beyer suspected that her crop could become a weapon. Two years later, she and her family are watching the commodity markets on an hourly basis as an escalating trade war between the...

AP FACT CHECK: Trump cites drug-price drop that isn't

May. 14, 2019 2:13 PM EDT

WASHINGTON (AP) — President Donald Trump is misstating the facts when it comes to prescription drug prices. Speaking Monday at a White House dinner, he cited a remarkable drop in prescription drug prices. But a government index that had registered some declines is now showing an increase again. Some...

Escalating US-China trade war sends stocks plunging

May. 13, 2019 5:31 PM EDT

The Dow Jones Industrial Average plunged more than 600 points Monday as investors sought shelter from an escalating trade war between the U.S. and China. The selling was widespread and heavy, handing the benchmark S&P 500 index its biggest loss since January. The sell-off extended the market's slide into a...

The Latest: Trump administration ups tariff talk on China

May. 11, 2019 6:29 AM EDT

WASHINGTON (AP) — The Latest on the tariffs standoff between the United States and China (all times local): 6:50 p.m. U.S. Trade Representative Robert Lighthizer says his office is preparing to impose tariffs on the $300 billion in Chinese products that aren't already facing import taxes, another...

AP Explains: New China tariffs likely to hit US consumers

May. 10, 2019 3:44 PM EDT

WASHINGTON (AP) — With the Trump administration more than doubling tariffs on billions of dollars of Chinese imports, will Americans soon see higher prices on store shelves? Yes, but it may take a few weeks. U.S. import taxes on $200 billion of Chinese goods jumped to 25% on Friday, from 10%, as President...

US consumer prices rose 0.3% on higher gas, housing costs

May. 10, 2019 9:07 AM EDT

WASHINGTON (AP) — U.S. consumer prices increased 0.3% in April, led by more expensive gasoline, apartment rents and appliances. The Labor Department said Friday that the consumer price index climbed 2% in the year ending in April. Excluding the volatile food and energy categories, core prices increased...