Latest Prices News

Trump to nominate conservative Stephen Moore for Fed board

Mar. 22, 2019 5:12 PM EDT

WASHINGTON (AP) — President Donald Trump said Friday that he will nominate Stephen Moore, a conservative economic analyst and frequent critic of the Federal Reserve, to fill a vacancy on the Fed's seven-member board. Moore, a well-known and often polarizing figure in Washington political circles, served as...

Then and now: World transformed over Jimmy Carter's 94 years

Mar. 22, 2019 1:16 AM EDT

ATLANTA (AP) — Jimmy Carter cemented a new milestone Friday, becoming the longest-lived of the 44 men who have ascended to the American presidency. He surpasses George H.W. Bush, who died Nov. 30, 2018 — 171 days after he reached age 94. Here are some notable markers for Carter, the U.S. and the...

A hot US job market is coaxing people in from the sidelines

Mar. 21, 2019 8:31 PM EDT

WASHINGTON (AP) — A surprisingly strong burst of job growth over the past year has led many economists to wonder: Where are all the workers coming from? As recently as last spring, analysts had worried that hiring would slow as the pool of unemployed shrank. Many employers have complained for years that...

European shares shaken by Brexit jitters after gains in Asia

Mar. 21, 2019 8:47 AM EDT

BANGKOK (AP) — Shares were mostly lower in Europe on Thursday and headed for a lower open on Wall Street amid Brexit uncertainties and after the Federal Reserve promised not to raise interest rates this year. Britain's FTSE 100 added 0.3 percent to 7,311, while the DAX in Germany lost 0.9 percent to...

Asian shares gain as Fed says it will hold off on rate hikes

Mar. 21, 2019 1:48 AM EDT

BANGKOK (AP) — Shares in Asia were mostly higher on Thursday after the Federal Reserve said it has ruled out interest rate increases for this year. The Shanghai Composite index advanced 0.6 percent to 3,109.48 while Hong Kong's Hang Seng gained 0.2 percent to 29,365.55. South Korea's Kospi climbed 0.3...

New Fed forecast for 2019: Slower growth and zero rate hikes

Mar. 21, 2019 12:11 AM EDT

WASHINGTON (AP) — The Federal Reserve sent a stark message Wednesday: The economy is slowing. And it won't be raising interest rates anytime soon. The Fed left its key short-term rate unchanged and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United...

Federal Reserve foresees no interest rate hikes in 2019

Mar. 20, 2019 6:01 PM EDT

WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United States and abroad. The Fed said it was keeping its benchmark rate — which can influence everything from...

Text of the Fed's statement after its meeting Wednesday

Mar. 20, 2019 5:06 PM EDT

WASHINGTON (AP) — Below is the statement the Fed released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in January indicates that the labor market remains strong but that growth of economic activity has slowed from its solid rate in the fourth...

UK inflation edges higher as Bank of England meets on rates

Mar. 20, 2019 5:50 AM EDT

LONDON (AP) — Official figures show that inflation edged higher in February but remains slightly below the Bank of England's target. The Office for National Statistics said Wednesday that consumer prices were 1.9 percent higher in the year to February, up from the 1.8 percent rate recorded in January....

Haiti parliament ousts prime minister in no-confidence vote

Mar. 18, 2019 8:41 PM EDT

PORT-AU-PRINCE, Haiti (AP) — Prime Minister Henry Ceant was thrown out of office by a no-confidence vote Monday prompted by government dysfunction and inability to quash inflation, blackouts and frequent opposition protests that have paralyzed Haiti. The Chamber of Deputies voted 93-6, with three...