HUNTINGTON, N.Y. (AP) — Add Christmas trees to the list of items facing shortages and higher prices this year.
WASHINGTON (AP) — Workers and families with private health insurance would reap savings on prescription drugs from a little-noticed provision in President Joe Biden's sweeping social agenda bill. It's meant to break the cycle of annual price increases for widely used medicines.
WASHINGTON — Workers and families with private health insurance would reap savings on prescription drugs from a little-noticed provision in Pr…
Wall Street closed out a week of choppy trading with stocks mostly lower Friday, though gains for several tech companies pushed the Nasdaq composite to another record high and its first close over 16,000 points.
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FRANKFURT, Germany (AP) — The head of the European Central Bank warned that high oil and gas prices are hitting consumers in the 19 countries that use the euro harder than in other major economies and underlined that the bank won't add to the squeeze by raising interest rates anytime soon.
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell surely expected to have some breathing room after taking the first step this month to dial back the Fed’s emergency aid for the economy.
SILVER SPRING, Md. (AP) — The average long-term U.S. mortgage rate rose this week, with the main 30-year rate inching back up over 3%.
ANKARA, Turkey (AP) — Turkey’s Central Bank cut interest rates again Thursday, a day after President Recep Tayyip Erdogan spoke out against high borrowing rates and raising increasing concerns about the impact of soaring consumer prices on families and businesses.
TOKYO (AP) — Asian shares mostly declined Thursday after stock indexes shuffled lower on Wall Street.
HARRISBURG, Pa. (AP) — Inflation is driving up consumer prices and will drive a big salary increase for Pennsylvania state lawmakers, judges and top executive branch officials in 2022. For many of these positions, it's the biggest increase in three decades.
LONDON (AP) — Consumer prices in the United Kingdom surged at the fastest rate in nearly a decade in October amid soaring energy costs, official figures showed Wednesday, a development that has cemented market expectations that the Bank of England will raise interest rates next month.
ISTANBUL (AP) — Market-stand owner Kadriye Dogru makes do with stale, sesame-covered bagels, known as simit, for lunch these days. The widowed mother of two says she goes without lunch so she can put food on the table for her family later in the day.
Stocks closed higher on Wall Street Tuesday as investors reviewed solid earnings reports from big retailers and a surprisingly strong report o…
WASHINGTON (AP) — Many Americans have taken a darker view of the economy as inflation has worsened. Yet so far, they appear no less willing to spend freely at retailers — an encouraging sign for the crucial holiday shopping season.
WASHINGTON (AP) — US retail sales rise a healthy 1.7%, as Americans shrug off higher prices and spend more on appliances, cars and at home.
When you think about holiday shopping, your mind probably goes to big-box retailers before your neighborhood bookstore or antique shop. But in a time marked by widespread supply chain disruptions and inflation, underdog small businesses deserve our attention.
CANBERRA, Australia (AP) — Australia’s central bank governor says the nation’s benchmark interest rate could remain at a record low until 2024 despite pandemic-induced inflation.
DETROIT (AP) — Take a step back from the picked-over store shelves, the stalled container ships and the empty auto showrooms, and you’ll find a root cause of the shortages of just about everything.
ABU DHABI, United Arab Emirates (AP) — Energy ministers from across the developing world gathered in the emirate of Abu Dhabi on Monday and stressed the need for continued investment in fossil fuel production — a message just days after these same nations joined around 200 countries in accepting a compromise deal aimed at limiting rising global temperatures and curbing greenhouse emissions.
The military takeover in Myanmar has set its economy back years, if not decades, as political unrest and violence disrupt banking, trade and livelihoods and millions slide deeper into poverty.
Stocks closed higher on Wall Street on Friday, but the market still ended the week lower as inflation worries weighed on investors' moods earlier in the week.
Shares were mostly higher in Asia on Friday after Wall Street benchmarks managed to close mostly higher.
WASHINGTON (AP) — Inflation is starting to look like that unexpected — and unwanted — houseguest who just won’t leave.