Latest Prices News

As supply chains unclog, consumers enjoy (tentative) relief

Dec. 07, 2022 10:47 AM EST

Back in January, 109 container ships waited off the California coast to unload cargo in Los Angeles and Long Beach, the nation's two largest ports. Consumers, stuck at home amid the pandemic, had unleashed an avalanche of orders for goods that overwhelmed factories and ports. ...

US futures point to continued slump this week on Wall Street

Dec. 07, 2022 08:25 AM EST

Wall Street futures edged lower Wednesday ahead of new employment and wholesale price data with the Federal Reserve gauging its next step in its fight to cool inflation. Futures for the Dow Jones Industrials slipped 0.4% and the S&P 500 fell 0.7% just over an hour before the...

Stocks decline in Asia, extending losses on Wall Street

Dec. 06, 2022 23:29 PM EST

Shares fell in Asia on Wednesday after Wall Street declined on fears the Federal Reserve will need to keep the brakes on the economy to get inflation under control, risking a sharp recession. Oil prices were mixed. Tokyo's Nikkei 225 index slipped 0.6% to 27,727.53 and the Kospi in...

Walz touts opportunities from massive $17.6B budget surplus

Dec. 06, 2022 17:18 PM EST

ST. PAUL, Minn. (AP) — Minnesota lawmakers learned Tuesday they will head into the 2023 legislative session with a massive $17.6 billion projected budget surplus, and Gov. Tim Walz said he would like to return some of that money to taxpayers with rebate checks. “The golden...

South Dakota's Noem tries to convince lawmakers on tax cut

Dec. 06, 2022 16:25 PM EST

SIOUX FALLS, S.D. (AP) — South Dakota Gov. Kristi Noem tried Tuesday to win over the Republican-controlled Legislature with details of her plan to enact a historic repeal of the state's tax on groceries. But to deliver on the campaign promise, the Republican governor must convince lawmakers in...

Poland leader backs down from World Cup players' bonus

Dec. 06, 2022 11:31 AM EST

WARSAW, Poland (AP) — Poland’s prime minister on Tuesday backed down from his initial declaration to award bonuses to the national soccer team for it World Cup performance amid high inflation and hardship in the country. It was a sudden reversal by Mateusz Morawiecki, who just...

Australia's central bank raises key interest rate to 3.1%

Dec. 06, 2022 00:12 AM EST

WELLINGTON, New Zealand (AP) — Australia's central bank has raised its benchmark interest rate by a quarter-point to 3.1% as it continues trying to wrestle down inflation. The increase was the bank's eighth in a row and took the rate to its highest level in 10 years. ...

Asian shares lower as strong data hit hopes for dovish Fed

Dec. 05, 2022 23:18 PM EST

BANGKOK (AP) — Stocks were mostly lower in Asia on Tuesday after Wall Street pulled back as surprisingly strong economic reports highlighted the difficulty of the Federal Reserve’s fight against inflation. Tokyo rose while other regional markets declined. U.S. futures gained and...

New Mexico's largest electric provider seeks rate hike

Dec. 05, 2022 19:08 PM EST

ALBUQUERQUE, N.M. (AP) — New Mexico’s largest electric provider is seeking its first rate hike in years as it looks to recoup $2.6 billion in investments that executives say are needed to modernize the grid and meet state mandates for transitioning away from coal and natural gas. ...

How major US stock indexes fared Monday 12/5/2022

Dec. 05, 2022 16:28 PM EST

Stocks closed lower on Wall Street and Treasury yields rose after surprisingly strong economic reports highlighted the Federal Reserve’s difficult fight against inflation. The S&P 500 fell 1.8% Monday. The Dow Jones Industrial Average lost 1.4% and the tech-heavy Nasdaq gave...