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| June 24, 2017

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Prices Archives -

It was hot this week. But were California officials ‘crying wolf’ with alerts that drove up electricity prices?

June 24, 2017 |

As record-setting temperatures surged into the triple digits in parts of California this week, the manager of the state’s electrical grid put out an urgent plea: Turn down the AC and conserve power to avoid rotating outages.

The two-day flex alert by the California Independent System Operator drew…


L.A. Times – Business

Stocks falter as oil prices slump

June 20, 2017 |

The price of oil slumped Tuesday to its lowest level of the year and helped to restrain U.S. stock indexes, which were at record highs the day before.

KEEPING SCORE: The Standard & Poor’s 500 index fell 7 points, or 0.3%, to 2,446, as of 10 a.m. EDT. The Dow Jones industrial average fell 15 points,…


L.A. Times – Business

Despite airline scandals, carriers’ stock prices keep climbing

June 17, 2017 |

A passenger is bloodied as he is dragged from his seat in April after refusing to give it up to crew members on a United Airlines flight.

Later that same month, a family flying home from a Hawaiian vacation is booted from a Delta Air Lines flight after a dispute over seating for an infant.

In May,…


L.A. Times – Business

U.S. stock indexes mixed in early trading; oil prices slide

June 5, 2017 |

U.S. stock indexes edged mostly lower in early trading Monday, led by a slump in real estate companies. Technology stocks and banks bucked the broader market slide. Bond yields were up following a steep drop at the end of last week. Crude oil prices headed lower.

The Standard & Poor’s 500 index…


L.A. Times – Business

U.S. Consumer Prices Rose Modestly in April

May 14, 2017 |

Consumer prices rose only modestly in April, a sign inflationary pressures are stabilizing this spring after a monthslong acceleration.
WSJ.com: US Business

Stocks slide even as oil prices rise; Macy’s sinks 12%

May 11, 2017 |

U.S. stocks were broadly lower in early trading Thursday as investors sized up the latest batch of earnings reports from retailers and other companies. Consumer-focused companies fell the most. Oil prices headed higher.

The Standard & Poor’s 500 index were down 13 points, or 0.5%, to 2,386 as of…


L.A. Times – Business

Stocks inch down as oil prices sink; Fitbit jumps

May 4, 2017 |

U.S. stocks are lower Thursday morning as oil prices drop to their lowest level in nine months and energy companies take sharp losses. Banks are climbing as bond yields increase. Healthcare stocks are a bit higher as Congress prepares to vote on a bill intended to roll back much of former President…


L.A. Times – Business

Consumer prices dip 0.3% — largest amount in more than two years

April 14, 2017 |

Consumer prices fell in March by the largest amount in more than two years, pushed lower by another sharp decline in the price of gasoline and other energy products.

Consumer prices dropped 0.3% in March following a tiny 0.1% rise in February, the Labor Department reported Friday. It was the first…


L.A. Times – Business

Don’t trust the list prices on Amazon, Consumer Watchdog says

March 20, 2017 |

After a barrage of lawsuits directed at the online shopping industry, it appeared Amazon Inc. was starting to phase out list pricing, a controversial practice accused of deceptively inflating how much consumers save through the e-commerce giant.

But a study commissioned by Consumer Watchdog finds…


L.A. Times – Business

Energy stocks fall with oil prices, leading Wall Street lower

March 14, 2017 |

Energy stocks are leading an early decline on Wall Street as the price of oil takes another turn lower.

Marathon Oil slumped 3.9% in early trading Tuesday. Murphy Oil dropped 3%.

Streaming music company Pandora Media slumped 3.5% after the company announced it will launch an on-demand music service…


L.A. Times – Business