Latest Prices News

Gulf tanker incidents may raise shippers' costs, cut traffic

Jul. 20, 2019 7:04 PM EDT

Seizures of oil tankers and other hostile Iranian measures in the Strait of Hormuz are already raising insurance rates for shipping companies and could eventually reduce tanker traffic in the vital waterway, with a spike in global oil prices a serious risk even without war, energy and maritime experts say. On...

Minnesota recreational pot push focuses on economic benefits

Jul. 20, 2019 1:06 AM EDT

MINNEAPOLIS (AP) — A recently formed political committee will try to make the economic case for legalizing recreational marijuana in Minnesota. Cannabis for Economic Growth was registered with the state Campaign Finance Board in April. Corey Day, who until January was the executive director of the state...

AP FACT CHECK: Trump challenges Fed with dubious theory

Jul. 19, 2019 6:14 PM EDT

WASHINGTON (AP) — President Donald Trump is flipping interest-rate theory on its head as he tries to blame the Fed for holding back growth. Trump went after the Federal Reserve on Friday after advancing a dubious argument this week that blue-collar workers have gained the most from the strong stock market....

Lebanese losing faith as politicians fumble over economy

Jul. 19, 2019 3:21 PM EDT

BEIRUT (AP) — For days, Lebanese TV stations have been blanketed with live coverage as lawmakers held heated debate over a controversial austerity budget meant to salvage the flailing economy, with protests outside parliament and critics denouncing its focus on tax hikes and wage cuts. Mohammed Badran,...

Netflix's 2Q dud rattles investors as competition heats up

Jul. 17, 2019 8:51 PM EDT

SAN FRANCISCO (AP) — Netflix's video streaming service suffered a dramatic slowdown in growth during its traditionally sluggish spring season, a drop-off coming as the company boosts its prices and girds for even stiffer competition. The service picked up 2.7 million worldwide subscribers for the...

Powell says financial crisis accelerated economic changes

Jul. 16, 2019 2:54 PM EDT

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that the 2008 financial crisis accelerated major changes in the U.S. and global economies, leading to slower growth, lower inflation and lower interest rates. Delivering remarks to a Paris economic conference, Powell said that since the...

Zimbabwe's civil servants protest pay as inflation hits 176%

Jul. 16, 2019 10:44 AM EDT

HARARE, Zimbabwe (AP) — Representatives of Zimbabwe's government workers Tuesday protested against what they called "slave salaries" as inflation almost doubled to 176%, a decade high that highlights the country's rapidly deteriorating economy. Holding placards and singing songs denouncing the country's...

Stocks climb to records on hopes for lower interest rates

Jul. 12, 2019 4:30 PM EDT

NEW YORK (AP) — The major U.S. stock indexes closed at record highs on Friday, with the S&P 500 ending above 3,000 for the first time. The market was driven higher by technology, consumer discretionary and industrial company stocks, which more than offset the drop in drugmakers. Investors continued to...

US producer prices rise a modest 0.1% in June

Jul. 12, 2019 8:41 AM EDT

WASHINGTON (AP) — U.S. producer prices rose modestly in June, another sign that inflationary pressures remain subdued. The Labor Department said Friday that its producer price index, which measures inflation before it reaches consumers, rose 0.1% last month, same as the increase in May. Wholesale prices...

US producer prices rise 0.1% in June, another sign that inflationary pressures remain subdued

Jul. 12, 2019 8:31 AM EDT
WASHINGTON (AP) — US producer prices rise 0.1% in June, another sign that inflationary pressures remain subdued.