TheRepublic.com - Prices News

Stocks rise on hopeful signs for the US economy

Fri, 17 May 2013 17:45:51 -0400

NEW YORK - Encouraging news about the U.S. economy extended the stock market's rally Friday.

Gold prices sink for seventh day, near April low

Fri, 17 May 2013 15:52:26 -0400

Gold prices fell for a seventh day in a row on Friday, drawn down by a stronger U.S. dollar and better economic news.

Oil rises above $96 on encouraging economic news

Fri, 17 May 2013 15:24:36 -0400

NEW YORK - The price of oil rose to $96 a barrel on Friday on hopes that a steady recovery in the U.S. economy could boost fuel use.

Court sides with Iowa dentists in key billing case

Fri, 17 May 2013 13:32:21 -0400

IOWA CITY, Iowa - Dentists can set their own fees on services that insurers do not reimburse, the Iowa Supreme Court ruled Friday in a decision that will mean higher out-of-pocket costs for patients.

Experts: Ariz. Jobs, home prices slowly rebounding

Thu, 16 May 2013 19:41:43 -0400

PHOENIX - Job growth and home prices are slowly rebounding, but the state has a long way to go and automatic federal budget cuts aren't helping, some of Arizona's top business experts said Thursday.

Argentina brokers 24 pct wage hikes for millions

Thu, 16 May 2013 09:58:04 -0400

BUENOS AIRES, Argentina - Two million Argentines will get wage hikes of 24 percent under a deal President Cristina Fernandez brokered with six allied labor unions.

US wholesale prices fall 0.7 pct., most in 3 years

Wed, 15 May 2013 16:32:43 -0400

WASHINGTON - Sharp drops in fuel and food costs reduced a measure of U.S. wholesale prices in April by the most in three years. Outside those volatile categories, inflation stayed tame.

Amnesty for undeclared dollars divides Argentina

Wed, 15 May 2013 14:07:52 -0400

BUENOS AIRES, Argentina - A plan to get Argentines to pull their undeclared U.S. dollars from under their mattresses and out of illegal tax havens, and deposit them in the banking system is eliciting warnings that it will turn the country into a magnet for money launderers and organized crime.

Bank of England sees 'modest, sustained' recovery

Wed, 15 May 2013 13:05:15 -0400

LONDON - The Bank of England predicted a modest and sustained economic recovery for Britain on Wednesday, but tempered hope that the worst might be over with predictions that inflation will remain above its targets for the next two years.

US boom transforming global oil trade

Tue, 14 May 2013 17:37:19 -0400

NEW YORK - The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market.

Prices paid by US importers fell 0.5 percent

Tue, 14 May 2013 08:35:21 -0400

WASHINGTON - Prices paid by U.S. importers fell in April for the second straight month, pushed lower by another decline in imported petroleum. Falling import prices help keep inflation in check.

Australia gov't forecasts $19.4 billion deficit

Tue, 14 May 2013 07:16:41 -0400

CANBERRA, Australia - The Australian government's promise to deliver a budget surplus in the current fiscal year has blown out to a 19.4 billion Australian dollar ($19.4 billion) deficit as a fading mining boom coupled with a buoyant Aussie dollar slows the economy.

US retail sales rise in April on cars, clothing

Mon, 13 May 2013 14:03:10 -0400

WASHINGTON - Lower-priced gas allowed Americans to step up their spending at retailers in April, from cars and clothes to electronics and appliances. The rebound from a weak March suggests consumers remain resilient in the face of higher taxes and could continue to drive economic growth this spring.

Has the gold rush come to an end?

Mon, 13 May 2013 11:18:36 -0400

NEW YORK - When the price of gold plunged $200 last month, many people thought they caught the sound of the gold bubble popping.

US business stockpiles flat in March, sales fall

Mon, 13 May 2013 10:34:14 -0400

WASHINGTON - U.S. businesses left their stockpiles unchanged in March for a second straight month while their sales fell sharply.

Plans to export US natural gas stir debate

Sun, 12 May 2013 07:50:03 -0400

WASHINGTON - A domestic natural gas boom already has lowered U.S. energy prices while stoking fears of environmental disaster. Now U.S. producers are poised to ship vast quantities of gas overseas as energy companies seek permits for proposed export projects that could set off a renewed frenzy of fracking.

Fund manager: Don't get caught up in Asia numbers

Fri, 10 May 2013 10:32:28 -0400

BOSTON - Investors are worried about the slow pace of U.S. economic growth, but we're just one player in the international arena. To assess the global outlook, two numbers are critical: China's gross domestic product and Japan's inflation rate.

Dollar rises above 100 yen for 1st time in 4 years

Fri, 10 May 2013 06:34:21 -0400

TOKYO - The dollar soared above 100 yen for the first time in more than four years Friday, driven by aggressive credit-easing aimed at reviving Japan's sluggish economy and improved U.S. economic figures.

Real estate market improving in state

Thu, 09 May 2013 14:43:15 -0400

SPOKANE, Washington - The residential real estate market improved in the state for the third quarter in a row, according to a report released Thursday by the University of Washington.

Average retail gasoline prices up 4 cents in Texas

Thu, 09 May 2013 12:22:00 -0400

HOUSTON - Industry officials say retail gasoline prices across Texas have risen 4 cents this week.

China's April inflation rises to 2.4 percent

Wed, 08 May 2013 22:49:08 -0400

BEIJING - China's inflation rose slightly in April amid concern about the strength of its economic recovery.

Argentina offers tax amnesty for undeclared cash

Tue, 07 May 2013 19:59:58 -0400

BUENOS AIRES, Argentina - Argentina's government announced new measures on Tuesday intended to suck up undeclared dollars in response to growing pressure to abruptly devalue the nation's currency.

3 former labor commissioners back wage increase

Mon, 06 May 2013 20:29:06 -0400

JUNEAU, Alaska - Three former state labor commissioners are behind an effort aimed at raising Alaska's minimum wage.

Cranberry farmers struggle as surplus drops prices

Mon, 06 May 2013 17:08:41 -0400

MILWAUKEE - U.S. cranberry farmers who spent millions of dollars to replant and expand bogs face a financial crisis after a huge harvest in Canada flooded the market and sent prices plummeting.

Buffett says low rates make borrowing attractive

Mon, 06 May 2013 12:56:05 -0400

OMAHA, Nebraska - Billionaire Warren Buffett says the current low interest rates continue to make long-term borrowing like 30-year mortgages attractive, but he expects significant inflation eventually.