US home prices rise at slowest pace in 6½ years

Business 05/28/19, 08:00

U.S. home prices rose at the slowest pace in more than six years in March, a sign weaker sales are keeping a lid on price increases.The S&P CoreLogic Case-Shiller 20-city home price index rose 2.7% from a year earlier, down ...

Report: Texas to lose billions if new major storm hits coast

U.S. 05/26/19, 08:57

Housing sales in Texas would drop, gasoline prices would increase and the state would lose hundreds of billions of dollars in economic output if another major storm struck an unprotected coastline, according to a new study.The joint economic impact study ...

Mounting tensions with Iran, China leave oil prices in flux

Business 05/17/19, 15:10

A rare mix of geopolitical tensions in the Middle East and China is tugging oil prices in opposite directions and creating uncertainty over where they might land. Deteriorating trade talks between the United States and China, the world's two largest economies, ...

Dems push bill on health care, drug prices through House

Politics 05/16/19, 19:08

Democrats pushed legislation buttressing the 2010 health care law and curbing prescription drug prices through the House Thursday, advancing a bill that has no chance of surviving in the Senate or getting President Donald Trump's signature and seemed engineered with ...

US consumer prices rose 0.3% on higher gas, housing costs

Business 05/10/19, 07:34

U.S. consumer prices increased 0.3% in April, led by more expensive gasoline, rents and appliances.The Labor Department said Friday that the consumer price index climbed 2% in the year ending in April. Excluding the volatile food and energy categories, core ...

Eurozone inflation ticks up in hopeful sign for central bank

Europe 05/03/19, 04:40

Inflation rose in April in the 19-country eurozone, at first glance an encouraging sign for the European Central Bank in its struggle to sustainably raise prices.The European Union's statistics agency Eurostat said Friday that annual inflation rose to 1.7% in ...

Money games: Revised LA Olympics budget nearly $7 billion

Sports 04/30/19, 08:41

The price tag on the Los Angeles 2028 Olympics is now $6.88 billion, a $1.36 billion increase that comes mainly because of accounting measures designed to better reflect inflation over the long lead-up to those games.Most key numbers the organizing ...

IMF: Mideast economies face volatile politics, oil prices

Business 04/29/19, 00:39

The International Monetary Fund says political uncertainty and volatile oil prices are weighing heavily on economic growth in the Middle East this year.A new outlook report issued on Monday said that overall regional growth is expected to slowdown from close ...

UK blocks Sainsbury’s merger with Walmart unit Asda

Europe 04/25/19, 05:54

British regulators blocked Sainsbury's 7.3 billion-pound ($9.4 billion) purchase of Walmart's Asda unit on Thursday amid concerns the deal would have increased prices and reduced the quality and range of products available. For Walmart, it's another setback in its effort ...

Iran sanctions send oil prices, supply concerns higher

Business 04/22/19, 16:58

The Trump administration's decision to impose sanctions on countries that buy Iranian oil is raising concerns about global crude supply and sending oil prices to their highest levels since October. Industry experts said Monday that the sanctions could potentially remove up ...

Argentina to freeze prices of goods in bid to tame inflation

America 04/17/19, 16:09

Argentina's government is freezing the prices of 60 essential products and some services in a bid to tame spiraling inflation.President Mauricio Macri announced Wednesday that the goods affected include flour, oil, rice and personal hygiene items. He also said prices ...

US wholesale prices rise 0.6% in March, lifted by gas costs

Business 04/11/19, 07:37

U.S. wholesale prices increased in March by the most since last fall, driven largely by more expensive gas and electricity.The Labor Department said Thursday that the producer price index, which measures price changes before they reach consumers, rose 0.6% in ...

India’s central bank cuts lending rate to 6%

Business 04/04/19, 06:20

India's central bank cut its key interest rate by a quarter of a percentage point to 6% on Thursday, moving to prop up economic growth ahead of a national election next week.The interest rate is what the federal bank charges ...

Eurozone economy gets double dose of bad news

Business 04/01/19, 04:38

The eurozone economy received a double dose of bad news Monday as inflation fell further away from the European Central Bank's target and a closely monitored survey showed the crucial manufacturing sector shrinking at its fastest rate in six years.The ...

US wholesale prices ticked up 0.1 percent in February

Business 03/13/19, 07:48

U.S. wholesale prices barely increased last month after falling for three straight months, a sign there is little inflation pressure in the economy.The producer price index — which measures price changes before they reach the consumer — rose 0.1 percent ...

Tesla walks back its plan to close most showrooms

Business 03/11/19, 08:23

Tesla is walking back its plan to close most retail stores worldwide in a move the company says will force it to raise prices on most of its electric vehicles.The company still will move to online-only sales, but now says ...

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