Prices
Paris 2024 organizers say budget likely to increase

Nov. 22, 2022 11:24 AM EST
PARIS (AP) — The operating budget for the 2024 Paris Olympics is expected to go up by 10%, in part because of high inflation, organizers said Tuesday. ...

Paris Olympics cut costs with fewer cars, more subway rides

By Graham Dunbar Aug. 31, 2022 12:53 PM EDT
Looking to cut costs in a tough economy, organizers of the 2024 Paris Olympics said Wednesday they want officials to use fewer courtesy cars and take more trips on...

This week: Home prices, Walgreens earnings, June jobs report

The Associated Press Jun. 28, 2021 01:00 AM EDT
A look at some of the key business events and economic indicators upcoming this week: HOT HOT HOT The S&P CoreLogic...

FILE - In this Thursday, Feb. 18, 2021 file photo, a new home is for sale in Madison, Ga. Mortgage rates rose above the 3% mark this week for the first time in 10 weeks, as the economic recovery from the pandemic recession continues while inflation remains elevated. Mortgage buyer Freddie Mac reported Friday, June 25 that the average for the key 30-year home loan rose to 3.02% from 2.93% last week. By contrast, the rate stood at 3.13% a year ago.(AP Photo/John Bazemore, File)
US mortgage rates rise over 3%; 30-year at 3.02%

Jun. 25, 2021 04:55 PM EDT

A customer wears a mask as she waits to get a receipt at a register in Target store in Vernon Hills, Ill., Sunday, May 23, 2021. Consumer spending was flat in May while incomes dropped for a second month as the impact of the government’s individual impact payments waned. (AP Photo/Nam Y. Huh)
May consumer spending flat; incomes fall and prices jump

By Martin Crutsinger Jun. 25, 2021 11:51 AM EDT

FILE - In this Wednesday, March 11, 2020 file photo, pedestrians wearing face masks pass the Bank of England in London. The Bank of England has kept its main interest rate at the record low of 0.1%. In a statement Thursday, June 24, 2021 accompanying its decision, the bank’s rate-setting Monetary Policy Committee voted unanimously to keep borrowing rates unchanged. (AP Photo/Matt Dunham, File)
Bank of England warns of rising inflation, but rates held

By Pan Pylas Jun. 24, 2021 07:26 AM EDT

In this photo provided by the New York Stock Exchange, Gregory Rowe, center, talks with a fellow trader on the NYSE trading floor, Wednesday, June 23, 2021. A morning gain on Wall Street was fading away at midday Wednesday, leaving major indexes mixed. Investors are still trying to parse emerging signs of inflation and judge whether they will be transitory, as the Federal Reserve thinks they will. (Courtney Crow/New York Stock Exchange via AP)
Stocks end listless day on Wall Street mixed as calm returns

By Damian J. Troise And Stan Choe Jun. 23, 2021 02:49 PM EDT

Czech central bank raises key rate to 0.5% to tame inflation

Jun. 23, 2021 09:06 AM EDT
PRAGUE (AP) — The Czech Republic’s central bank has increased its key interest rate by a quarter-point to 0.5% in efforts to tame inflation as the economy...

General contractor Victoria Staten poses for a portrait at her home Thursday, June 17, 2021, in Chicago. Small business owners like Staten have endured shutdowns and revenue drops during the COVID-19 outbreak, now must contend with another crisis: spiking prices for goods and services that squeeze profits and force many owners to pass the increases along to customers. (AP Photo/Charles Rex Arbogast)
Inflation poses new challenge for pandemic-weary businesses

By Joyce M. Rosenberg Jun. 23, 2021 08:27 AM EDT

This Nov. 15, 2020 photo shows a long row of unsold used Highlander sports-utility vehicles sits at a Toyota dealership in Englewood, Colo. In 2021, high demand and low supply have driven up used vehicle prices so much that many are now selling for more than their original sticker price when they were new. (AP Photo/David Zalubowski)
Some used vehicles now cost more than original sticker price

By Tom Krisher Jun. 22, 2021 03:51 PM EDT

FILE - Federal Reserve Chairman Jerome Powell, right, testifies before the Senate Banking Committee on Capitol Hill in Washington, Tuesday, Dec. 1, 2020. The economy is growing at a healthy clip, and that has accelerated inflation, Federal Reserve Chair Jerome Powell says in written testimony to be delivered Tuesday, June 22, 2021 at a congressional oversight hearing. (AP Photo/Susan Walsh, Pool)
Fed's Powell says high inflation temporary, will 'wane'

By Christopher Rugaber Jun. 22, 2021 02:47 PM EDT

FILE - In this Oct. 6, 2020 file photo, a real estate brokerage sign stands in front of a house in Norwood, Mass. Sales of previously-occupied homes fell for the fourth straight month in May 2021, as soaring prices and a limited number of available properties discouraged many would-be buyers. (AP Photo/Steven Senne, File)
US existing home sales fall again as prices continue to soar

By Christopher Rugaber Jun. 22, 2021 10:01 AM EDT

Flags adorn the facade of the New York Stock Exchange, Wednesday, June 16, 2021. Stocks are opening mostly lower on Wall Street Tuesday, June 22 as traders wait for more clues on the Federal Reserve's thinking on inflation. (AP Photo/Richard Drew)
Wall Street rises, pushing S&P 500 back near record high

By Damian J. Troise And Stan Choe Jun. 22, 2021 02:46 AM EDT

FILE - Federal Reserve Chairman Jerome Powell, right, testifies before the Senate Banking Committee on Capitol Hill in Washington, Tuesday, Dec. 1, 2020. The economy is growing at a healthy clip, and that has accelerated inflation, Federal Reserve Chair Jerome Powell says in written testimony to be delivered Tuesday, June 22, 2021 at a congressional oversight hearing. (AP Photo/Susan Walsh, Pool)
Powell says economy growing rapidly, inflation up 'notably'

By Christopher Rugaber Jun. 21, 2021 06:24 PM EDT

Gas price is seen at a Mobil gas station in Vernon Hills, Ill., Friday, June 11, 2021. The rising cost of gasoline is being felt across the U.S., as the national average price has gone up from $2 per gallon last year to $3 per gallon as of June 9, according to data from the American Automobile Association. (AP Photo/Nam Y. Huh)
Republicans point to inflation in bid to retake Congress

By Will Weissert And Josh Boak Jun. 18, 2021 10:33 AM EDT

Guyana’s government refuses to suspend Sputnik V vaccine

Jun. 17, 2021 08:34 PM EDT
GEORGETOWN, Guyana (AP) — Guyana’s government Thursday refused to suspend use of the Russian Sputnik-V vaccine despite opposition warnings that doses could be...

This March 21, 2021 photo shows an advertising sign for building land stands in front of a new home construction site in Northbrook, Ill. Mortgage rates were mostly lower this week, Thursday, June 17, as the economy continued to show signs of recovery from the pandemic recession and recent bursts of inflation were deemed temporary by federal policymakers. (AP Photo/Nam Y. Huh)
US average mortgage rates mostly lower; 30-year at 2.93%

Jun. 17, 2021 01:57 PM EDT

FILE - In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington. The Federal Reserve signaled Wednesday, June 16, 2021, that it may act sooner than previously planned to start dialing back the low-interest rate policies that have helped fuel a swift rebound from the pandemic recession but have also coincided with rising inflation. The Fed's policymakers forecast that they would raise their benchmark short-term rate, which influences many consumer and business loans, twice by late 2023. They had previously estimated that no rate hike would occur before 2024. (AP Photo/Susan Walsh, Pool, File)
Fed sees earlier time frame for rate hikes with inflation up

By Christopher Rugaber Jun. 16, 2021 02:07 PM EDT

FILE - This June 4, 2021 file photo shows Treasury Secretary Janet Yellen ahead of her meeting with Germany's Finance Minister Olaf Scholz, as finance ministers from across the G7 nations meet at Lancaster House in London. Yellen assured Congress on Wednesday, June 16, that the Biden administration is monitoring the recent jump in inflation very carefully but still believes the increase will prove temporary. (Daniel Leal-Olivas/Pool Photo via AP, File)
Yellen: administration is watching inflation closely

By Martin Crutsinger Jun. 16, 2021 12:50 PM EDT

A carpenter aligns a beam for a wall frame at a new house site in Madison County, Miss., Tuesday, March 16, 2021. U.S. home construction fell by a bigger-than-expected amount in April but the drop came after housing had risen to the highest level in 15 years. The Commerce Department said Tuesday, May 18, that construction dropped 9.5% in April to a seasonally adjusted annual rate of 1.57 million units. % in April to an annual rate of 1.76 million units, a good sign that the April dip in construction will be temporary. (AP Photo/Rogelio V. Solis)
US home construction up a moderate 3.6% in May

By Martin Crutsinger Jun. 16, 2021 08:39 AM EDT