Home affordability watch: Priciest and cheapest time zones

Business 03/07/19, 10:51

Cities in the Pacific time zone have the least-affordable housing in the country, and the Central time zone has the most-affordable housing.Each quarter, NerdWallet calculates the home affordability for 178 metropolitan areas, matching the list of metros for which the National Association of Realtors publishes median home prices. This quarter, ...

How to avoid late auto loan payments as prices rise

Business 03/06/19, 10:17

New vehicle prices and interest rates are on the rise, causing millions of people to fall behind on their auto loan payments.But experts say you can avoid being one of them by preparing yourself before you buy and not getting caught up in the emotional moment of going after all ...

US home prices rise at slower pace for 9th straight month

Business 02/26/19, 09:29

US home price gains slowed for the ninth straight month in December, reflecting weaker sales and higher mortgage rates that have since declined.The S&P CoreLogic Case-Shiller 20-city home price index increased 4.2 percent from a year earlier, down from 4.6 percent in November, according to a report released Tuesday.Home sales ...

US housing starts plummeted 11.2 percent in December

Business 02/26/19, 08:46

The number of homes being built in December plunged to the lowest level in more than two years, a possible sign that developers are anticipating fewer new houses to be sold this year.The Commerce Department said Tuesday that housing starts fell 11.2 percent in December from the previous month to ...

As polls loom, Erdogan offers struggling Turks cheaper veg

Europe 02/22/19, 06:13

The government of Turkish President Recep Tayyip Erdogan is offering cheaper vegetables to help people with soaring inflation and as he looks to shore up support for local elections next month.The government has set up dozens of stalls in at least six cities where produce is sold at almost half ...

US wholesale prices dip 0.1 percent in January

Business 02/14/19, 08:55

U.S. wholesale prices fell for a second straight month in January as energy costs fell sharply again. The monthly declines were more evidence that inflation remains under control.The Labor Department said Thursday that producer prices, which track changes before they reach the consumer, dipped 0.1 percent in January, matching the ...

US consumer prices flat in January

Business 02/13/19, 08:39

Consumer prices were unchanged in January, as lower gasoline prices offset the rising costs of housing, clothing and medical care.The Labor Department said the consumer price index rose only 1.6 percent last month from a year earlier.Inflation has been tempered by a 10.1 percent plunge over the past 12 months ...

This Week: Job openings, consumer prices, Coca-Cola results

Business 02/11/19, 08:02

A look at some of the key business events and economic indicators coming up this week:IN A HIRING MOODA new Labor Department survey of job openings should provide insight into the health of the U.S. labor market.The December Job Openings and Labor Turnover survey, or JOLTS, is due out Tuesday. ...

Average US price of gas jumps a penny per gallon, to $2.34

U.S. 02/10/19, 13:19

The average U.S. price of regular-grade gasoline is up a penny a gallon over the past two weeks, to $2.34.Industry analyst Trilby Lundberg of the Lundberg Survey says Sunday that she expects gas prices to keep rising slightly as retailers pass on increases in wholesale costs to consumers.Lundberg says the ...

Rising tide of companies seek to unplug from Nevada utility

Business 02/01/19, 17:04

In 2018, 10 companies began efforts to leave Nevada's utility monopoly, NV Energy — more than in the previous five years combined.Some are located in northern Nevada, like the Grand Sierra Resort in Reno.Some own multiple casinos, like Boyd Gaming Corp. in Las Vegas.Others are still under construction, such as ...

Insulin probe on deck as Congress opens drug price hearings

Politics 01/29/19, 11:35

A senior Republican lawmaker said Tuesday that he plans to investigate the "unacceptable" cost of insulin, as Congress opened hearings on high prescription drug prices and how government might put the brakes on a pharmaceutical industry used to setting its own terms. "I have heard stories about people reducing their life-saving ...

Analysis: Falling home sales not helping middle-class buyers

U.S. 01/23/19, 11:24

When home sales weaken, prices typically do, too, and buyers benefit.Not quite this time. Home purchases in many areas of the country have dipped, and price gains have slowed. Yet a rising number of middle-class Americans are finding that home ownership is unaffordable.Why? Mortgage rates are up after years near ...

Organic price premiums dip as demand grows, choices multiply

Business 01/23/19, 10:10

U.S. shoppers are still paying more for organic food, but the price premium is falling as organic options multiply.Last year, organic food and beverages cost an average of 24 cents more per unit than conventional food, or about 7.5 percent more, according to Nielsen. That was down from a 27 ...

Analysis: Falling home sales not helping middle-class buyers

Business 01/23/19, 03:17

When home sales weaken, prices typically do, too, and buyers benefit.Not quite this time. Home purchases in many areas of the country have dipped, and price gains have slowed. Yet a rising number of middle-class Americans are finding that home ownership is unaffordable.Why? Mortgage rates are up after years near ...

Zimbabwe again forces ‘total internet shutdown’ amid unrest

World 01/18/19, 02:25

Zimbabwe's government has again forced a "total internet shutdown," a media group says, after a days-long violent crackdown on people protesting dramatic fuel price increases.MISA-Zimbabwe shares a text message from the country's largest telecom company, Econet, calling the government order "beyond our reasonable control." The shutdown faces a court challenge ...

Update: UK minister summons Zimbabwe’s ambassador

World 01/17/19, 13:33

The Latest on Zimbabwe unrest (all times local):8:30 p.m.The UK's minister for Africa says she has summoned Zimbabwe's ambassador to discuss the country's growing crisis and "disturbing reports of use of live ammunition, intimidation and excessive force" against protesters.Harriett Baldwin's statement notes the deaths of several people this week during ...

US wholesale prices fell 0.2 percent in December

Business 01/15/19, 09:20

U.S. wholesale prices fell last month, dragged down by a steep drop in gas costs, suggesting that inflation will remain tame in the coming months.The Labor Department said Tuesday that the producer price index — which tracks cost changes before they reach the consumer — fell 0.2 percent in December ...

Zimbabwe president doubles price of gas as fuel crisis bites

World 01/13/19, 08:32

Zimbabwe's president has more than doubled the price of gasoline, hoping the increase will end severe shortages that are fueling public anger even as he departs on a foreign trip to Russia and other countries in search of investment.In a press conference Saturday night, President Emmerson Mnangagwa said the increase ...

Saudi energy minister concerned about oil price volatility

Business 01/13/19, 06:27

Saudi Arabia's energy minister said Sunday that major oil producers need to do better to narrow swings in prices that dip below $60 a barrel and rise above $86."I think what we need to do is narrow the range ... of volatility," Khalid al-Falih said."We need to do better and ...

Markets Right Now: Stocks add to gains in midday trading

Business 01/09/19, 11:58

The latest on developments in financial markets (all times local):___11:45 a.m.Stocks are rising again on Wall Street as optimism builds that China and the U.S. are making progress on resolving their trade dispute.Indexes were broadly higher at midday Wednesday, putting the market on track for its fourth consecutive gain.Technology and ...

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