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Wednesday, October 21, 2020
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IMF: Nearly all Mideast economies hit by pandemic recession

DUBAI, United Arab Emirates (AP) — The coronavirus pandemic has pushed nearly all Mideast nations into the throes of an economic recession this year,...

US wholesale prices up 0.4% in September as food costs surge

WASHINGTON (AP) — U.S. wholesale prices jumped 0.4% in September as food costs rose by the largest amount since May. ...

Consumer prices rise 0.2% in September, used vehicles spike

SILVER SPRING, Md. (AP) — U.S. consumer prices rose slightly in September, led again by sharp increases in the index for used vehicles. ...

Suspect in Rhode Island homicide caught at border crossing

PROVIDENCE, R.I. (AP) — The suspect in a fatal stabbing in Rhode Island last month has been apprehended apparently trying to cross from California...

Brazil’s poor squeezed by less virus aid, surging food costs

RIO DE JANEIRO (AP) — Many people in Brazil are struggling to cope with less pandemic aid from the government and jumping food prices,...

Fed officials cited risks if Congress fails to pass more aid

WASHINGTON (AP) — Federal Reserve officials expressed concern at their most-recent meeting that the U.S. economy recovery could falter if Congress failed to approve...

Inflation slump in Europe could presage more stimulus

FRANKFURT, Germany (AP) — Annual inflation in the 19-country eurozone sagged further below zero in September, bolstering expectations that the European Central Bank will...

US 3Q auto sales fall 9.7%, but they’re rising from 2Q lows

DETROIT (AP) — In normal times, a 9.7% drop in auto sales would cause executives to sweat profusely. These are not normal times. ...

US housing roars back despite recession, high unemployment

LOS ANGELES (AP) — The U.S. housing market has staged a furious comeback this summer, even as the economy struggles to regain its footing...

Consumer spending gains slow to 1% in August

WASHINGTON (AP) — U.S. consumer spending slowed in August and personal income fell as a $600 weekly benefit for Americans who are unemployed during...

S&P CoreLogic Case-Shiller: US home prices rise 3.9% in July

WASHINGTON (AP) — U.S. home prices rose at a faster pace in July as the housing market continued to show strength in the midst...

Turkey hikes rates to support currency, fight inflation

ANKARA, Turkey (AP) — Turkey’s Central Bank raised its benchmark interest rate by 2 percentage points on Thursday, its first hike in two years...

Powell faces lawmakers’ skepticism on some Fed aid programs

WASHINGTON (AP) — Chairman Jerome Powell on Wednesday defended the Federal Reserve's efforts to support the economy during the pandemic-induced recession from assertions that...

US homes sales rise 2.4% in August

SILVER SPRING, Md. (AP) — Sales of existing homes rose 2.4% in August to its highest level since 2006 as the housing market recovers...

Fed sees rates near zero through 2023, perhaps longer

WASHINGTON (AP) — With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signaled Wednesday that their benchmark short-term interest...

Federal Reserve to meet after sharp changes to its outlook

WASHINGTON (AP) — Federal Reserve policymakers will meet this week for the first time since they significantly revised the Fed's operating framework in ways...

Tech falters again as Wall Street ends worst week in months

NEW YORK (AP) — Wall Street closed out its worst week since June with another day of churning trading Friday, as big technology stocks...

Consumer prices up 0.4% in August as used car prices surge

WASHINGTON (AP) — U.S. consumer prices rose 0.4% in August as used car prices surged by the largest amount in 51 years, the Labor...

European Central Bank’s stimulus program to keep on rolling

FRANKFURT, Germany (AP) — With almost a trillion euros still in the pipeline, the European Central Bank said Thursday that its emergency support program...

US wholesale prices rise 0.3% in August as food costs drop

WASHINGTON (AP) — U.S. wholesale prices rose 0.3% in August, just half the July gain, as food and energy prices decline. ...

Falling prices flash warning light for Europe’s economy

FRANKFURT, Germany (AP) — A startling fall in consumer prices and a stronger euro have increased pressure on the European Central Bank to provide...

Fed survey finds widespread pessimism about economic future

WASHINGTON (AP) — The...

Eurozone unemployment capped by support programs _ for now

FRANKFURT, Germany (AP) —...

Asian stocks fall back after Wall Street advances to record

BEIJING (AP) — Asian...

Asian stocks gain after Wall Street advances to record

BEIJING (AP) — Asian...

US consumer spending rose a moderate 1.9% in July

WASHINGTON (AP) — U.S....

Markets higher as Fed chair says interest rates to stay low

Asian markets were mostly...

Fed: Rates to stay ultra-low even after inflation picks up

WASHINGTON (AP) — The...

S&P CoreLogic Case-Shiller: US home prices rise 3.5% in June

WASHINGTON (AP) — U.S....

Fed officials worried about withdrawal of government support

WASHINGTON (AP) — U.S....

Stocks rebound on Wall Street, S&P 500 trades above record

Stocks marched broadly higher...

US consumer prices rose 0.6% in July, matching June uptick

WASHINGTON (AP) — U.S....

US producer prices up 0.6% in July, biggest jump since 2018

WASHINGTON (AP) — U.S....

Livestock prices stress Muslims in Africa ahead of Eid

DAKAR, Senegal (AP) —...

Fed wrestles with its next moves as virus stalls US economy

WASHINGTON (AP) — Federal...

S&P CoreLogic Case-Shiller: US home prices rose 3.7% in May

WASHINGTON (AP) — U.S....

With no new law to curb drug costs, Trump tries own changes

WASHINGTON (AP) — Unable...

With no new law to curb drug costs, Trump tries own changes

WASHINGTON (AP) — Unable...

Proposal to raise malpractice caps qualifies for 2022 ballot

SACRAMENTO, Calif. (AP) —...

Spiking cost of gasoline pushes June consumer prices up 0.6%

WASHINGTON (AP) — U.S....

US wholesale prices fell 0.2% in June as food costs plunged

WASHINGTON (AP) — U.S....

Asian shares mixed as pandemic saps buying momentum

TOKYO (AP) — Shares...

Shell takes $22 billion hit on lower oil, gas prices

LONDON (AP) — Energy...

US home prices increase 4% in April

WASHINGTON (AP) — U.S....
Speedy's Grub Shack is selling gas for 98.9 cents a gallon, Monday, March 30, 2020, in Cleveland. Oil started the year above $60 and has plunged on expectations that a weakened economy will burn less fuel. The world is awash in oil, meanwhile, as producers continue to pull more of it out of the ground. (AP Photo/Tony Dejak)

Average L.A. County Gas Price Drops For 52nd Consecutive Day

LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped today to its...

Chaos And Scrambling In The US Oil Patch As Prices Plummet

By CATHY BUSSEWITZ AP Business Writer NEW YORK (AP) — In Montana, a father and son running a small...

US Home Prices Rose At 3.1% Annually In January

By JOSH BOAK AP Economics Writer BALTIMORE (AP) — U.S. home price growth was showing signs of acceleration...
Houses

Home Prices, Sales Dipped In L.A. County Last Month

LOS ANGELES (CNS) - The median price of a single-family home in Los Angeles County dipped last month, along with sales of...

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