Latest Prices News

From stocks to crypto, a punishing six months for investors

Jun. 30, 2022 17:23 PM EDT

Americans with stock portfolios or retirement investment plans would likely prefer to forget the last six months. The S&P 500, Wall Street’s broad benchmark for many stock funds, closed the first half of 2022 with a loss of more than 20% after starting the year at an all-time...

Stocks slump, closing out worst quarter since early 2020

Jun. 30, 2022 17:01 PM EDT

Wall Street racked up more losses for stocks Thursday, as the market closed out its worst quarter since the onset of the pandemic in early 2020. The S&P 500 fell 0.9%, its fourth consecutive drop. The benchmark index is now down 21% since it hit an all-time high at the beginning...

Biden notched gains at summit; returns to turmoil at home

Jun. 30, 2022 16:47 PM EDT

MADRID (AP) — The dissonant realities of President Joe Biden’s second year in office were on display Thursday as he wound up a five-day trip to Europe that highlighted both the key U.S. role in mounting a strong allied response to Vladimir Putin’s aggression and the domestic turmoil that is...

OPEC+ oil boost likely not much help to high gasoline prices

Jun. 30, 2022 10:22 AM EDT

NEW YORK (AP) — The OPEC oil cartel and allied producing nations decided Thursday to boost production of crude by an amount that will likely do little to relieve high gasoline prices at the pump and energy-fueled inflation plaguing the global economy. The increase of 648,000...

Average long-term U.S. mortgage rates ease to 5.7%

Jun. 30, 2022 10:18 AM EDT

WASHINGTON (AP) — Average long-term U.S. mortgage rates eased back this week after shooting up nearly three-quarters of a point in recent weeks. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate fell to 5.70% this week from 5.81% last week. One year ago, however,...

Key inflation gauge tracked by the Fed remains a high 6.3%

Jun. 30, 2022 09:21 AM EDT

WASHINGTON (AP) — A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in April. Thursday's report from the Commerce Department provided the latest evidence that painfully high inflation is pressuring...

An inflation gauge closely tracked by the Federal Reserve was a high 6.3% in May, unchanged from April

Jun. 30, 2022 08:37 AM EDT
WASHINGTON (AP) — An inflation gauge closely tracked by the Federal Reserve was a high 6.3% in May, unchanged from April.

Sweden’s central bank raises interest rate to hit inflation

Jun. 30, 2022 05:53 AM EDT

COPENHAGEN, Denmark (AP) — Sweden’s central bank raised a key interest rate by half a percentage point Thursday to combat rapidly rising inflation and price increases that are spreading through the economy. Riksbanken said that it decided to raise the policy rate to 0.75% to try...

Asia stocks mixed after Wall St down, China manufacturing up

Jun. 29, 2022 23:48 PM EDT

BEIJING (AP) — Asian stock markets were mixed Thursday after the U.S. economy contracted and China reported stronger factory activity. Shanghai and Hong Kong gained, while Tokyo and Seoul declined. Oil prices advanced. Wall Street's benchmark S&P 500 index edged...

Most say nation on wrong track, including Dems: AP-NORC poll

Jun. 29, 2022 17:31 PM EDT

WASHINGTON (AP) — An overwhelming and growing majority of Americans say the U.S. is heading in the wrong direction, including nearly 8 in 10 Democrats, according to a new poll that finds deep pessimism about the economy plaguing President Joe Biden. Eighty-five percent of U.S....