Energy companies lead US stocks lower as oil prices tumble

Business 11/23/18, 10:24

Energy companies led a broad slide on Wall Street early Friday as the price of U.S. crude oil tumbled to its lowest level in more than a year. Traders are worried that a slowing global economy could hurt demand for oil. A slide in financial stocks also weighed on the ...

Swine fever adds to China’s economic headaches

Business 11/23/18, 03:29

Reeling from rising feed costs in Beijing's tariff fight with President Donald Trump, Chinese pig farmers face a new blow from an outbreak of African swine fever that has sent an economic shockwave through the countryside. African swine fever doesn't affect humans but is fatal to pigs and highly contagious, making ...

Oil price plunge sends ripples through global economy

World 11/21/18, 07:00

A sharp drop in the price of oil is sending ripples through the global economy, lending more spending power to consumers — particularly for Americans' big holiday shopping spree — but potentially dampening investment in U.S. oil production. While the fall doesn't yet match the 2014-2016 slump to $26 per barrel, ...

An economist talks turkey: 5 facts about Thanksgiving pricing

Business 11/19/18, 02:49

Few foods are tied as closely to one holiday as turkey is to Thanksgiving. At almost every Thanksgiving feast an enormous turkey is one of the central attractions. In fact, the typical whole turkey sold in the U.S. weighs about 15 pounds, is 70 percent white meat and has more protein than ...

Tech companies, retailers weigh on US stocks; Oil prices up

Business 11/16/18, 10:25

U.S. stock indexes were mostly lower in early trading Friday, erasing some of the market's gains from a day earlier. Losses in technology companies, big retailers and banks outweighed gains in health care and energy stocks. Crude oil prices headed higher for the third day in a row.KEEPING SCORE: The ...

US retail sales rose a solid 0.8 percent last month

Business 11/15/18, 09:30

U.S. retail sales rose at a solid pace in October, though the gains were boosted by one-time factors such as hurricane recovery spending and higher gas prices.Retail sales rose a seasonally adjusted 0.8 percent last month, following two months of slight declines, the Commerce Department reported Thursday. Excluding gasoline sales, ...

US consumer prices increased 0.3 percent in October

Business 11/14/18, 08:31

Consumer prices climbed 0.3 percent in October, with higher prices for gasoline, used autos and housing contributing to the increase.The Labor Department says that this measure of inflation has increased 2.5 percent over the past 12 months. Adjusted for rising prices, average weekly wages have improved 0.9 percent this year.FILE- ...

Energy agency: Global oil supply jumps, sending prices lower

Europe 11/14/18, 06:40

The International Energy Agency said Wednesday that global oil supplies are growing rapidly as Saudi Arabia, the United States and Russia pump more oil in response to fears of higher prices as a result of renewed U.S. sanctions on Iran.The IEA said in its monthly report that October output rose ...

Big question for Amazon’s 2 chosen cities: Will it pay off?

New York 11/14/18, 03:06

The awarding of Amazon's second headquarters to two affluent localities has fanned intense speculation around a key question: For the winning cities, will the economic payoff prove to be worth the cost?Amazon's decision will bring to Arlington, Virginia, and the Long Island City section of New York a combined 50,000 ...

This Week: Treasury budget, consumer prices, Walmart earns

Business 11/12/18, 02:01

A look at some of the key business events and economic indicators upcoming this week:FEDERAL BUDGET WATCHThe Treasury Department issues a report Tuesday on how much money Uncle Sam took in and paid out last month.The September report showed that the federal government's receipts and outlays translated into a surplus ...

US wholesale prices jump 0.6 percent, most in 6 years

Business 11/09/18, 09:52

U.S. wholesale prices rose by the most in six years last month, led higher by more expensive gas, food, and chemicals.The Labor Department said Friday that the producer price index — which measures price increases before they reach the consumer — leapt 0.6 percent in October, after a smaller 0.2 ...

Chinese leaders struggle to dispel stock market gloom

Business 11/08/18, 21:10

Lu Yushan, a retired salesman, has advice for investors in China's slumping stock market: Sell.Lu's shares soared over the past decade. But the 65-year-old cashed out this year, driven away by plunging prices, insider trading scandals, a cooling economy and a tariff war with Washington."Investors should get out," said Lu, ...

Eurozone economy seen slowing through to 2020

Europe 11/08/18, 06:03

Economic growth across the 19-country eurozone is expected to moderate over the next few years amid rising trade tensions around the world and higher oil prices, according to updated forecasts from the European Union.The EU's executive Commission said Thursday that eurozone growth this year is expected to moderate to 2.1 ...

Eurozone inflation near 6-year high as oil price spikes

Europe 10/31/18, 07:25

Consumer prices across the 19-country eurozone rose at their fastest rate in nearly six years in October, largely on the back of higher energy costs, official figures showed Wednesday.However, with oil prices having come off near four-year highs in recent weeks and with economic growth faltering, there is a strong ...

US home price gains weaken for 5th straight month

Business 10/30/18, 09:06

U.S. home price gains slowed for the fifth straight month in August as higher mortgage rates have lowered home sales.The S&P CoreLogic Case-Shiller 20-city home price index increased 5.5 percent in August compared with a year earlier, down from a 5.9 percent gain in the previous month.The deceleration reflects a ...

Shoppers may face hard choices again on health marketplaces

U.S. 10/28/18, 10:01

Insurance shoppers likely will have several choices for individual health coverage this fall. The bad news? There's no guarantee they will cover certain doctors or prescriptions.Health insurers have stopped fleeing the Affordable Care Act's marketplaces and they've toned premium hikes that gouged consumers in recent years. Some are even dropping ...

Trump says goal of new proposal is lower some US drug prices

Politics 10/26/18, 00:38

Less than two weeks before the midterm elections, President Donald Trump has announced a plan to lower prices for some prescription drugs, saying it would stop unfair practices that force Americans to pay much more than people in other countries for the same medications."We are taking aim at the global ...

StarKist admits fixing tuna prices, faces $100 million fine

U.S. 10/18/18, 12:43

StarKist Co. agreed to plead guilty to a felony price fixing charge as part of a broad collusion investigation of the canned tuna industry, the U.S. Department of Justice announced Thursday.The DOJ said StarKist faces up to a $100 million fine when it is sentenced. Prosecutors allege that the industry's ...

Trump steps up his attacks on Federal Reserve’s rate hikes

Business 10/11/18, 16:18

President Donald Trump on Thursday escalated his attack on the Federal Reserve's interest rate increases, asserting that "the Fed is out of control" and blaming it for this week's plunge in stock prices. "It's a correction that I think is caused by the Federal Reserve with interest rates," Trump said when ...

Markets Right Now: US stocks fall as banks see losses

U.S. 10/11/18, 12:12

The latest on developments in financial markets (all times local):11:55 a.m.U.S. stocks are falling again a day after their biggest drop since February. Some early relief over a tame report on inflation gave way to renewed selling.Banks are taking some of the biggest losses. JPMorgan and Bank of America are ...

End of content

No more pages to load