Latest Prices News

Stocks close higher with help from tech, still down for week

May. 14, 2021 16:50 PM EDT

Stocks marched solidly higher again Friday, though the major indexes still ended with their worst weekly loss since February after a sharp pullback earlier in the week. The S&P 500 rose 1.5%, its second straight gain. The gains were broad, though technology sector...

Conservatives seize on gas crunch to blame Biden, stir base

May. 14, 2021 01:08 AM EDT

A graphic calling the East Coast fuel supply crunch “Biden’s Gas Crisis.” A tweet speculating that gas stations running dry was an “INSIDE JOB.” A meme depicting the president and vice president cheering about the “Green New Deal” in front of a snaking line at a fuel station. ...

Asian stocks climb after Wall Street rebound led by Big Tech

May. 13, 2021 23:53 PM EDT

BANGKOK (AP) — Asian shares rose Friday after Wall Street put the brakes on a three-day losing streak with a broad stock market rally powered by Big Tech companies and banks. Shares in big semiconductor manufacturers led the advance in Asia, where almost all markets...

Conservatives seize on gas crunch to blame Biden, stir base

May. 13, 2021 19:54 PM EDT

A graphic calling the East Coast fuel supply crunch “Biden’s Gas Crisis.” A tweet speculating that gas stations running dry was an “INSIDE JOB.” A meme depicting the president and vice president cheering about the “Green New Deal” in front of a snaking line at a fuel station. ...

US mortgage rates fall for 4th week; 30-year dips to 2.94%

May. 13, 2021 17:41 PM EDT

WASHINGTON (AP) — Mortgage rates declined this week, marking their fourth consecutive week below 3% and further evidence of the strength in the economy’s recovery from the pandemic recession. Mortgage buyer Freddie Mac reported Thursday that the average for the...

Desperate for workers, US restaurants and stores raise pay

May. 13, 2021 16:10 PM EDT

WASHINGTON (AP) — U.S. restaurants and stores are rapidly raising pay in an urgent effort to attract more applicants and keep up with a flood of customers as the pandemic eases. McDonald's, Sheetz and Chipotle are just some of the latest...

Biden pledges aggressive response to pipeline cyberattackers

May. 13, 2021 14:38 PM EDT

President Joe Biden pledged an aggressive response to the cyberattack that temporarily shut down the Colonial Pipeline and warned gasoline stations on Thursday not to engage in price gouging as motorists wait for fuel to start flowing back to their communities. “Do not,...

Big 0.6% April wholesale price jump catches many off guard

May. 13, 2021 11:03 AM EDT

WASHINGTON (AP) — Wholesale prices, driven by escalating costs for services and food, jumped 0.6% in April, surprising economists and providing more evidence that inflation pressures are starting to mount with the country emerging from a recession brought on by the pandemic. ...

Stocks open higher on Wall Street as Big Tech regains ground

May. 13, 2021 09:48 AM EDT

Stocks are opening higher on Wall Street following three days of losses and the biggest one-day drop in the S&P 500 since February. Big Tech companies like Apple and Microsoft, which had posted some of the bigger losses this week, were rising in the early going Thursday. the S&P 500...

Biden team moves swiftly to tackle pipeline political peril

May. 12, 2021 21:23 PM EDT

The Biden administration swung aggressively into action after a primary gasoline pipeline fell prey to a cyberattack — understanding that the situation posed a possible series of political and economic risks. The pipeline shutdown was an all-hands-on-deck situation for...