Latest Prices News

Rising inflation tightens squeeze on consumers

Jan. 20, 2022 10:26 AM EST

Retail sales took an unexpected dip in December in what could be a signal that persistently rising inflation is prompting a pullback in consumer spending. Consumers paid more for everything from groceries to cars in 2021 as companies passed along the costs of pricier raw materials...

Stocks open higher on Wall St; American reports steep loss

Jan. 20, 2022 09:48 AM EST

NEW YORK (AP) — Stocks are opening higher on Wall Street Thursday, recovering some of their day-earlier losses. The S&P 500 is up 0.5%, the Nasdaq is up 1% and the Dow Jones Industrial Average is up 0.4%. Investors shrugged off news that the number of Americans applying for unemployment...

Turkey's central bank ends string of interest rate cuts

Jan. 20, 2022 09:42 AM EST

ANKARA, Turkey (AP) — Turkey’s central bank kept a key interest rate unchanged on Thursday, halting a string of rate cuts that triggered a currency crisis and sent consumer prices skyrocketing. The bank’s Monetary Policy Committee said it decided to keep its policy rate...

Biden approval hits new low at one-year mark: AP-NORC poll

Jan. 20, 2022 06:15 AM EST

WASHINGTON (AP) — President Joe Biden ends his first year in the White House with a clear majority of Americans for the first time disapproving of his handling of the presidency in the face of an unrelenting pandemic and roaring inflation, according to a new poll from The Associated Press-NORC...

Japan's imports hit record highs on surging energy prices

Jan. 20, 2022 02:37 AM EST

TOKYO (AP) — Japan’s exports and imports both reached record highs in December, largely because of surging oil prices and a weaker yen, the government said Thursday. Japan’s imports last month surged 41% from the same month a year earlier. Exports rose 17.5% from the previous...

Biden says nation weary from COVID but rising with him in WH

Jan. 20, 2022 00:39 AM EST

WASHINGTON (AP) — President Joe Biden acknowledged that the pandemic has left Americans exhausted and demoralized but insisted at a news conference marking his first year in office that he has “outperformed” expectations in dealing with it. Facing sagging poll numbers and a...

Asian stocks rise after China rate cuts, Japan export gain

Jan. 19, 2022 22:20 PM EST

BEIJING (AP) — Asian stock markets rose Thursday after China cut interest rates to shore up flagging economic growth and Japan reported a double-digit rise in exports. Benchmarks in Shanghai, Tokyo, Hong Kong and Seoul advanced. On Wall Street, the benchmark S&P...

Biden says nation weary from COVID but rising with him in WH

Jan. 19, 2022 21:36 PM EST

WASHINGTON (AP) — President Joe Biden acknowledged Wednesday that the pandemic has left Americans exhausted and demoralized but insisted at a news conference marking his first year in office that he has “outperformed” expectations in dealing with it. Facing sagging poll numbers...

In news conference marking 1st year in office, President Biden says central bank should bear down on fighting inflation

Jan. 19, 2022 16:21 PM EST
WASHINGTON (AP) — In news conference marking 1st year in office, President Biden says central bank should bear down on fighting inflation.

Bank of America profits rise 28%, wage expenses up too

Jan. 19, 2022 10:33 AM EST

NEW YORK (AP) — Bank of America said its profits rose 28% last quarter from a year earlier, but the bank faced the same wage inflation as its Wall Street counterparts. The bank said Wednesday that it earned a profit of $7.01 billion, or 82 cents per share, in the fourth quarter....