Latest Prices News

UK gov't says lights will stay on despite energy price surge

Sep. 20, 2021 12:35 PM EDT

LONDON (AP) — Britain's business secretary said on Monday that there is no danger that people won't be able to heat their homes this winter after a surge in natural gas prices forced him to hold emergency talks with energy suppliers and consumer groups. Kwasi Kwarteng...

Inflation forces homebuilders to take it slow, raise prices

Sep. 20, 2021 12:17 PM EDT

LOS ANGELES (AP) — Even in the hottest U.S. housing market in more than a decade, new home construction has turned into a frustratingly uncertain and costly proposition for many homebuilders. Rising costs and shortages of building materials and labor are rippling across...

Fed likely to signal a coming pullback in economic support

Sep. 20, 2021 11:46 AM EDT

WASHINGTON (AP) — The Federal Reserve is expected this week to send its clearest signal yet that it will start reining in its ultra-low-interest rate policies later this year, a first step toward unwinding the extraordinary support it's given the economy since the pandemic struck 18 months...

Hong Kong shares lead Asia lower; Tokyo and Shanghai closed

Sep. 19, 2021 23:33 PM EDT

Shares fell more than 3% in Hong Kong on Monday in holiday-thinned trading in Asia, with other big markets in Tokyo and Shanghai closed. Other regional benchmarks also fell after Wall Street wrapped up last week with another decline. Investors are...

Stocks fall on Wall Street, giving up the week's gains

Sep. 17, 2021 16:58 PM EDT

Wall Street capped an up-and-down week of trading Friday with a broad sell-off that wiped out the major indexes' gains for the week. The S&P 500 lost 0.9% and posted its second straight weekly loss. Roughly 80% of the stocks in the benchmark index fell. Technology and...

Lebanon's incoming government restarts central bank audit

Sep. 17, 2021 11:33 AM EDT

BEIRUT (AP) — Lebanon’s incoming finance minister signed a contract on Friday with a New York-based company to conduct a forensic audit of the country’s central bank, a key demand of the international community to restore confidence in the crisis-struck Mideast nation. ...

AP FACT CHECK: Biden's shaky claims on jobs, gasoline

Sep. 17, 2021 07:23 AM EDT

WASHINGTON (AP) — Boasting that government policies can make a difference in improving the economy, President Joe Biden went too far Thursday in taking credit for job growth since taking office. He also made a dubious suggestion that wrongdoing is behind higher...

AP FACT CHECK: Biden's shaky claims on jobs, gasoline

Sep. 16, 2021 20:19 PM EDT

WASHINGTON (AP) — Boasting that government policies can make a difference in improving the economy, President Joe Biden went too far Thursday in taking credit for job growth since taking office. He also made a dubious suggestion that wrongdoing is behind higher...

Soaring utility bills alarm Europe, raise fears for winter

Sep. 16, 2021 10:27 AM EDT

MADRID (AP) — Wholesale prices for gas and electricity are surging across Europe, raising the prospect of increases in already-high utility bills and further pain for people who have taken a financial hit from the coronavirus pandemic. Governments are scrambling to find...

UK posts the biggest jump in annual inflation on record

Sep. 15, 2021 06:19 AM EDT

LONDON (AP) — Consumer prices in the U.K. rose at their fastest recorded rate during August as global supply shortages and higher wages accentuated the uptick from pandemic-related discounts a year ago, official figures showed Wednesday. The Office for National...