Latest Prices News

Survey: Business economists foresee persistent inflation

Dec. 06, 2021 00:07 AM EST

WASHINGTON (AP) — The nation's business economists have sharply raised their forecasts for inflation, predicting an extension of the price spikes that have resulted in large part from bottlenecked supply chains. A survey released Monday by the National Association for...

Time is no ally as Dems strain to finish Biden's $2T bill

Dec. 04, 2021 00:41 AM EST

WASHINGTON (AP) — If President Joe Biden's $2 trillion social and environment package was a Broadway show, its seven months on Congress' stage could qualify it as a hit. But lawmaking isn't show business, and many Democrats worry that with the curtain falling soon on 2021, time is not their...

Time is no ally as Dems strain to finish Biden's $2T bill

Dec. 03, 2021 17:58 PM EST

WASHINGTON (AP) — If President Joe Biden's $2 trillion social and environment package was a Broadway show, its seven months on Congress' stage could qualify it as a hit. But lawmaking isn't show business, and many Democrats worry that with the curtain falling soon on 2021, time is not their...

Stocks slump after murky jobs report as markets swing

Dec. 03, 2021 16:46 PM EST

A week of volatile swings on Wall Street ended Friday with more losses for stocks, as a mixed batch of U.S. job market data triggered another bout of dizzying trading. The S&P 500 closed 0.8% lower after erasing a 0.7% gain in the early going. The benchmark index was...

US jobless rate sinks to 4.2% as many more people find jobs

Dec. 03, 2021 14:38 PM EST

WASHINGTON (AP) — America's unemployment rate tumbled last month to its lowest point since the pandemic struck, even as employers appeared to slow their hiring — a mixed picture that pointed to a resilient economy that's putting more people to work. The government...

EXPLAINER: Turkey's currency is crashing. What's the impact?

Dec. 03, 2021 09:37 AM EST

ANKARA, Turkey (AP) — Turkey’s beleaguered currency has been plunging to all-time lows against the U.S. dollar and the euro in recent months as President Recep Tayyip Erdogan presses ahead with a widely criticized effort to cut interest rates despite surging consumer prices. ...

US employers added a sluggish 210,000 jobs in November as economy contends with inflation and shortages

Dec. 03, 2021 08:43 AM EST
WASHINGTON (AP) — US employers added a sluggish 210,000 jobs in November as economy contends with inflation and shortages.

OPEC, allies stick to modest output boost despite omicron

Dec. 02, 2021 16:48 PM EST

NEW YORK (AP) — OPEC and allied oil-producing countries decided Thursday to stick to their plans to boost oil production even as the new omicron variant cast a shadow of uncertainty over the global economic recovery from the coronavirus pandemic. Officials from OPEC...

Economists: Kentucky farm sector may reap record receipts

Dec. 02, 2021 13:34 PM EST

Having endured bumpy seasons of global trade fights and slumping commodity prices, Kentucky agriculture appears poised to reap record-setting cash receipts this year — fueled by strong crop yields and surging grain exports, agricultural economists said Thursday. ...

Christmas tree buyers face reduced supplies, higher prices

Dec. 02, 2021 13:12 PM EST

ALAMEDA, Calif. (AP) — Even Christmas trees aren’t immune to the pandemic-induced shortages and inflation plaguing the economy. Extreme weather and supply chain disruptions have reduced supplies of both real and artificial trees this season. American shoppers should...