Latest Prices News

Global stocks mixed after Wall Street sinks for third day

Jan. 28, 2022 06:23 AM EST

BEIJING (AP) — Major global stock markets fell Friday ahead of data on U.S. employment costs that might influence Federal Reserve decisions on interest rate hikes to cool inflation. London and Frankfurt opened lower. Tokyo and Seoul advanced while Shanghai and Hong Kong declined. ...

Asian stocks mixed after Wall Street sinks for third day

Jan. 27, 2022 23:25 PM EST

BEIJING (AP) — Asian stock markets were mixed Friday as traders looked ahead to data on U.S. employment costs that might influence Federal Reserve decisions on planned interest rate hikes. Tokyo and Seoul advanced while Shanghai and Hong Kong declined. Wall Street...

US economy grew 5.7% in 2021 in rebound from 2020 recession

Jan. 27, 2022 10:46 AM EST

WASHINGTON (AP) — The U.S. economy grew last year at the fastest pace since Ronald Reagan's presidency, bouncing back with resilience from 2020's brief but devastating coronavirus recession. The nation’s gross domestic product — its total output of goods and services —...

Long-term US mortgage rates hold this week at 3.55%

Jan. 27, 2022 10:07 AM EST

SILVER SPRING, Md. (AP) — Average long-term U.S. mortgage rates were essentially flat this week after jumping nearly a half percent the past two weeks as lenders anticipated the Federal Reserve's announcement of pending rate increases. The average rate on the 30-year loan ticked...

Asian stocks slump after Fed says US rates will rise 'soon'

Jan. 26, 2022 22:18 PM EST

BEIJING (AP) — Asian stock markets tumbled by unusually wide margins Thursday after the Federal Reserve indicated it plans to start raising interest rates soon to cool inflation. Market benchmarks in Tokyo and Hong Kong fell by more than 2%. Seoul and Sydney sank nearly 3%. ...

Fed plans to raise rates starting in March to cool inflation

Jan. 26, 2022 19:00 PM EST

WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it will begin a series of interest-rate hikes in March, reversing pandemic-era policies that have fueled hiring and growth — and stock market gains — but also stubbornly high inflation. Chair Jerome Powell said at a...

How major US stock indexes fared Wednesday

Jan. 26, 2022 16:40 PM EST

An early market rally gave way to a broad slide for stocks and a surge in bond yields Wednesday after the Federal Reserve signaled it plans to begin raising interest rates “soon” to fight a spike in inflation that the central bank says is probably getting worse. On Wednesday: ...

‘Sold by Amazon’ program ends following state investigation

Jan. 26, 2022 15:55 PM EST

SEATTLE (AP) — Amazon will end its “Sold by Amazon” program after an investigation by Washington state's attorney general found it was anticompetitive and violated antitrust laws, according to court documents filed Wednesday. The company engaged in unlawful price fixing and...

Editorial Roundup: United States

Jan. 26, 2022 15:44 PM EST

Excerpts from recent editorials in the United States and abroad: Jan. 25 The Washington Post on President Joe Biden’s Federal Reserve nominees: President Biden’s latest nominees to the Federal Reserve — Sarah Bloom Raskin to be vice chair for...

How Fed hikes could affect mortgages, car loans, card rates

Jan. 26, 2022 15:20 PM EST

WASHINGTON (AP) — Will mortgage rates go up? How about car loans? Credit cards? How about those nearly invisible rates on bank CDs — any chance of getting a few dollars more? With the Federal Reserve signaling Wednesday that it will begin raising its benchmark...