Latest Prices News

Turkish central bank hikes rates to support currency

Nov. 19, 2020 7:03 AM EST

ANKARA, Turkey (AP) — Turkey’s central bank raised its benchmark interest rate on Thursday, when it held its first meeting under its new chief, in a bid to tame inflation and to prop up the struggling currency. The bank said it was raising the one-week repo rate by 4.75 percentage points to 15%. The...

FILE - In this Dec. 12, 2019, file photo workers process chickens at the Lincoln Premium Poultry plant, Costco Wholesale's dedicated poultry supplier, in Fremont, Neb. U.S. wholesale prices rose 0.3% in August 2020, just half the July gain, as food and energy prices decline. The Labor Department said Thursday, Sept. 10 that the August advance in the producer price index — which measures inflation before it reaches consumers — followed a 0.6% surge in June which was the biggest monthly gain since October 2018.  (AP Photo/Nati Harnik, File)

Wholesale prices rise 0.3%, but inflation not the worry now

Nov. 13, 2020 9:59 AM EST

WASHINGTON (AP) — U.S. wholesale prices rose moderately in October as food costs jumped by the largest amount in five months. The Labor Department reported Friday that its producer price index, which measures inflation pressures before they reach the consumer, increased 0.3% last month, slightly lower than...

Wholesale prices increase 0.3% in October with food and energy costs both up

Nov. 13, 2020 8:35 AM EST
WASHINGTON (AP) — Wholesale prices increase 0.3% in October with food and energy costs both up.
A Target employee hands a customer a curbside pickup purchase in Jackson, Miss., Thursday, Nov. 5, 2020.  U.S. consumer prices were unchanged in October, the lowest reading in five months and an indication that the price spike seen this summer is beginning to fade as coronavirus cases start to increase.  (AP Photo/Rogelio V. Solis)

US consumer prices unchanged in October, lowest in 5 months

Nov. 12, 2020 9:43 AM EST

WASHINGTON (AP) — U.S. consumer prices were unchanged in October, the lowest reading in five months, suggesting that a price spike over the summer is beginning to fade as coronavirus cases spread. The flat reading for last month followed a gain of 0.2% in September. Core inflation, which excludes volatile...

US consumer prices were unchanged in October, the lowest reading in 5 months, as inflation slows after a summer spike

Nov. 12, 2020 8:37 AM EST
WASHINGTON (AP) — US consumer prices were unchanged in October, the lowest reading in 5 months, as inflation slows after a summer spike.
People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, Nov. 12, 2020. Stocks fell back across Asia on Thursday after gains for big technology shares pushed most Wall Street benchmarks higher. (AP Photo/Eugene Hoshiko)

Asian shares slip on faltering hopes for COVID vaccines

Nov. 11, 2020 11:21 PM EST

Stocks fell back across Asia on Thursday after gains for big technology shares pushed most Wall Street benchmarks higher. News of potentially effective vaccines for COVID-19 has been countered by concerns over the logistical challenges of ensuring access to billions of people and over rising caseloads that are...

FILE - In this file photo dated Monday, Dec. 17, 2018, a man using a mobile phone walks past Google offices in New York. Monopoly or not, small business owners’ biggest complaint about Google is that its advertising policies favor companies with big marketing budgets. (AP Photo/Mark Lennihan, File)

Google ad costs, not its alleged monopoly, irks businesses

Nov. 10, 2020 10:57 AM EST

NEW YORK (AP) — When asked about Google, Bryan Clayton voices a familiar lament among small business owners. “You keep getting squeezed further and further down the search results page,” says Clayton, CEO of GreenPal, a company that operates an app to help homeowners find lawn care....

People walk inside historical Covered Bazar, one of homes of exchange offices in Istanbul, Friday, Aug. 7, 2020. Turkey's currency tumbled further Friday, hitting another record low. The Turkish lira dropped to 7.3677 against the dollar before making a recovery. The lira is down about 19% versus the U.S. currency since the beginning of the year. (AP Photo/Emrah Gurel)

Turkey replaces central bank head as lira sees record lows

Nov. 7, 2020 1:11 AM EST

ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan on Saturday dismissed the head of the country’s central bank following a period of high inflation and record lows for the lira. Former Finance Minister Naci Agbal was brought in to replace Murat Uysal, according to a presidential decree...

FILE - In this Wednesday, Oct. 14, 2020 file photo, the American Flag hangs outside the New York Stock Exchange in New York.  U.S. stocks are slipping Friday, Nov. 6, as Wall Street takes its first breather from a torrid run this week on enthusiasm about the upside of potential gridlock in Washington. (AP Photo/Frank Franklin II)

Stocks close a blistering week, even as uncertainty lingers

Nov. 6, 2020 4:35 PM EST

NEW YORK (AP) — Wall Street took a breather Friday after a blistering rally that gave the market its biggest weekly gain since April and indicated investors see plenty of benefits from more gridlock in Washington. The S&P 500 inched down 1.01 point, or less than 0.1%, to 3,509.44, leaving its...

Text of the Federal Reserve's statement after its meeting

Nov. 5, 2020 2:36 PM EST

WASHINGTON (AP) — Below is the statement the Fed released Thursday after its policy meeting ended: The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19...