This May 26, 2020, photo by the Texas Division of Emergency Management shows a box of respirator masks. The competitive scramble by states to buy personal protective equipment this spring stuck some businesses with big bills. An Associated Press analysis of state purchasing data during the beginning of the coronavirus pandemic found that states canceled billions of dollars in PPE orders. Many of the cancellations occurred when businesses couldn't get the products to states under tight deadlines or when prices rose. (Texas Division of Emergency Management via AP)
December 19, 2020 - 9:54 am
The call went out from states: Masks, gowns, gloves and other personal protective equipment were needed fast in the battle against the new coronavirus. Many businesses that jumped in to help this spring soon found themselves facing delays from suppliers and, in some cases, having orders canceled by...
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A woman wears a face mask as she steps out of Bank underground station, in London, Tuesday, Dec. 8, 2020. The United Kingdom is beginning a mass vaccination campaign to inoculate the population against COVID-19 virus, with the elderly, vulnerable and key workers among the first to receive the first part of the inoculation. (AP Photo/Alberto Pezzali)
December 17, 2020 - 6:33 am
LONDON (AP) — The Bank of England has kept interest rates on hold and opted against injecting another dose of stimulus into the British economy as it waits to hear whether a post-Brexit trade between the U.K. and the European Union is agreed in time for the new year. In a statement released...
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FILE - In this May 10, 2020 file photo, a shopper pushes his cart past a display of packaged meat in a grocery store in southeast Denver. U.S. wholesale prices edged up a slight 0.1% in November 2020 as weak demand caused by the pandemic has kept inflation at extremely low levels. (AP Photo/David Zalubowski, File)
December 11, 2020 - 9:16 am
WASHINGTON (AP) — U.S. wholesale prices edged up just 0.1% in November with the economic disruption from the pandemic continuing to suppress demand and keeping inflation at extremely low levels. The increase in the producer price index, which measures inflation pressures before they reach the...
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A shopper loads her basket next to a display of paper towels in a Costco warehouse in this photograph taken Wednesday, Nov. 18, 2020, in Sheridan, Colo. U.S. consumer prices edged up 0.2% in November as a rise in energy costs and variety of other items offset a drop in food costs. The Labor Department reported on Thursday, Dec. 10, that the gain in the consumer price index followed an unchanged reading in October and matched the 0.2% September advance. (AP Photo/David Zalubowski)
December 10, 2020 - 10:46 am
WASHINGTON (AP) — U.S. consumer prices edged up 0.2% in November as a rise in the cost of energy and a number of other goods offset a drop in food costs. The gain in the consumer price index followed a flat reading in October and matched the 0.2% September advance, the Labor Department reported...
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FILE - In this Dec. 19, 2019 file photo, the advertising label of the Organization of the Petroleum Exporting Countries, OPEC, shines at their headquarters in Vienna, Austria. Leaders of the OPEC cartel are meeting virtually to decide how much oil their countries should produce as the coronavirus stifles demand for fuel. They’re expected to extend production cuts into the new year in an effort to boost prices. (AP Photo/Ronald Zak, File)
December 01, 2020 - 8:29 am
FRANKFURT, Germany (AP) — The OPEC oil producers' cartel was to push ahead with a new round of discussions Tuesday about how much to pump next year as countries wrestled over whether to extend the production cuts that have been supporting prices depressed by the pandemic. Members adjourned a...
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Women sow potatoes in a field in Pisac, in southern rural Peru, Friday, Oct. 30, 2020. Small farmers in Peru provide a majority of the food that ends up on the South American nation's dinner tables. But a severe economic contraction has left many peasants bankrupt and uncertain about whether they will be able to keep growing crops. (AP Photo/Martin Mejia)
November 27, 2020 - 11:06 am
PISAC, Peru (AP) — Under a punishing Andean sun, Nazario Quispe digs his plow into the soil where he is growing dozens of different potato varieties — uncertain when he will be able to afford the seeds and supplies to sow them again. Farmers like Quispe are responsible for the food that lands on 70...
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FILE - In this Aug. 14, 2019, file photo former Fed Chair Janet Yellen speaks with FOX Business Network guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington. (AP Photo/Andrew Harnik, File)
November 23, 2020 - 11:01 pm
WASHINGTON (AP) — Janet Yellen is in line for another top economic policy job — just in time to confront yet another crisis. Yellen, President-elect Joe Biden's apparent choice for treasury secretary, served on the Federal Reserve's policymaking committee during the 2008-2009 financial crisis that...
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November 19, 2020 - 6:02 am
ANKARA, Turkey (AP) — Turkey’s central bank raised its benchmark interest rate on Thursday, when it held its first meeting under its new chief, in a bid to tame inflation and to prop up the struggling currency. The bank said it was raising the one-week repo rate by 4.75 percentage points to 15%...
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FILE - In this Dec. 12, 2019, file photo workers process chickens at the Lincoln Premium Poultry plant, Costco Wholesale's dedicated poultry supplier, in Fremont, Neb. U.S. wholesale prices rose 0.3% in August 2020, just half the July gain, as food and energy prices decline. The Labor Department said Thursday, Sept. 10 that the August advance in the producer price index — which measures inflation before it reaches consumers — followed a 0.6% surge in June which was the biggest monthly gain since October 2018. (AP Photo/Nati Harnik, File)
November 13, 2020 - 7:49 am
WASHINGTON (AP) — U.S. wholesale prices rose moderately in October as food costs jumped by the largest amount in five months. The Labor Department reported Friday that its producer price index, which measures inflation pressures before they reach the consumer, increased 0.3% last month, slightly...
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A business displays a "Buy One Get One 50% Off," sign Monday, Oct. 12, 2020, in Surfside, Fla. U.S. consumer prices rose slightly in September, led again by sharp increases in the index for used vehicles. The Labor Department reported Tuesday, Oct. 13 that the consumer price index rose 0.2% last month. (AP Photo/Wilfredo Lee)
November 12, 2020 - 7:48 am
WASHINGTON (AP) — U.S. consumer prices were unchanged in October, the lowest reading in five months and an indication that a price spike over the summer is beginning to fade as coronavirus cases begin to spread. The Labor Department reported Thursday that the flat reading in October followed a gain...
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