Prices
Mass protests grip major Iran cities over gas prices; 1 killed
Protesters angered by Iran raising government-set gasoline prices by 50% blocked traffic in major cities and occasionally clashed with police Saturday after a night of demonstrations punctuated by gunfire, in violence that reportedly killed at least one person. The protests put renewed pressure on Iran’s government as it struggles to overcome ...
US home prices rise at slowest pace in 6½ years
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 from an annual gain of 3% in February.Price gains in ...
Report: Texas to lose billions if new major storm hits coast
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 by Texas A&M University at Galveston and the Texas General ...
Fishermen face another quota cut, could hit lobster prices
Fishermen already dealing with a dramatic reduction in the amount of a key bait fish they are allowed to harvest will likely face an additional cut next year that could drive up the price of lobster for consumers.Regulators on the East Coast are contending with a drop in the population ...
Number of US homes on the market rose in 1Q as sales slowed
Homebuyers in Salt Lake City, Atlanta and other big U.S. metropolitan areas are seeing a pickup in the number of homes for sale, especially in the most affordable segment of the market.In Atlanta, for example, the number of homes for sale jumped 18.9% to 33,836 in the first quarter. That's ...
Mounting tensions with Iran, China leave oil prices in flux
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, are posing a serious threat to global economic growth and ...
Dems push bill on health care, drug prices through House
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 next year's elections in mind. The measure forced Republicans into the ...
US consumer prices rose 0.3% on higher gas, housing costs
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 prices increased 0.1% last month and 2.1% from a year ...
Eurozone inflation ticks up in hopeful sign for central bank
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 April from 1.4% in March. Core inflation, which excludes volatile ...
Money games: Revised LA Olympics budget nearly $7 billion
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 committee released Tuesday are essentially the same as those in ...
IMF: Mideast economies face volatile politics, oil prices
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 to 2% last year to about 1.5% in 2019.A closer ...
UK blocks Sainsbury’s merger with Walmart unit Asda
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 to export its low-price strategy around the world.The Competition and ...
Iran sanctions send oil prices, supply concerns higher
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 to 1.2 million barrels of oil per day from international ...
Argentina to freeze prices of goods in bid to tame inflation
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 for services such as telephone plans will not be raised.Macri ...
US wholesale prices rise 0.6% in March, lifted by gas costs
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 March after falling in three of the previous four months. ...
India’s central bank cuts lending rate to 6%
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 on lending to commercial banks.Lower interest rates help borrowers, though ...
Eurozone economy gets double dose of bad news
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 developments suggest Europe is struggling to cope with global trade ...
UK unveils new tariff regime in event of ‘no-deal’ Brexit
Business leaders reacted with fury Wednesday after the British government unveiled a temporary tariff regime that could see higher prices on an array of imports ranging from cars to butter, if the country crashes out of the European Union later this month without a deal. The tariffs, which would last for ...
US wholesale prices ticked up 0.1 percent in February
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 in February, the Labor Department said Wednesday. It slipped 0.1 ...
Tesla walks back its plan to close most showrooms
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 it won't close as many stores as originally thought.Tesla announced ...
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