Economy Oct 29 Watch 6:00 How data center power demand could help lower electricity prices The latest Consumer Price Index shows that the average electric bill went up more than 5% from September 2024 to September 2025. That's faster than the inflation rate for the same period. Conventional wisdom blames the demand for power on… By John Yang, Courtney Norris, Jenna Bloom
Economy Oct 29 Nvidia becomes first company valued at $5 trillion as U.S. stocks rise toward records Nvidia became the first company valued at $5 trillion on Wall Street, just three months after the AI darling was the first to break through the $4 trillion barrier. By Stan Choe, Associated Press
Nation Oct 29 Missing government data unlikely to sway Federal Reserve from rate-cut path The data drought raises risks for the Fed because it is widely expected to keep cutting rates in an effort to shore up growth and hiring. Yet should job gains pick up soon, the Fed may not detect the change. By Christopher Rugaber, Associated Press
Politics Oct 28 Judge extends order barring the Trump administration from firing federal workers during the shutdown A federal judge in San Francisco on Tuesday indefinitely barred the Trump administration from firing federal employees during the government shutdown, saying that labor unions were likely to prevail on their claims that the cuts were arbitrary and politically motivated. By Janie Har, Associated Press
Oct 28 Consumer confidence dips modestly in October as potential recession markers remain By Matt Ott, Associated Press Analysts were expecting the reading to come in unchanged from the previous month. Continue reading
Oct 28 Amazon to lay off 14,000 corporate employees as spending on artificial intelligence accelerates By Michelle Chapman, Associated Press The cuts announced Tuesday amount to about a 4% reduction in its corporate workforce. Continue reading
Oct 27 For Japan’s new leader, the key to connecting with Trump could be a Ford F-150 truck By Mari Yamaguchi, Josh Boak, Associated Press Japan’s government floated an idea to buy a fleet of Ford F-150 trucks, a meaningful gesture that may also be impractical given the narrow streets in Tokyo and other Japanese cities. Continue reading
Oct 26 Watch 6:12 Trump tries to assure Asian nations hit by U.S. tariffs amid progress on China trade deal By John Yang, Satvi Sunkara On the first day of his Asia trip, Trump sought to shift attention from controversies at home to deals struck with allies in the region. Treasury Secretary Bessent said the administration is closing in on a trade deal with China… Continue watching
Oct 26 U.S. and China say trade deal drawing closer as Trump and Xi prepare for high-stakes meeting By Chris Megerian, David Rising, Eileen Ng, Associated Press A trade deal between the United States and China is drawing closer, officials from the world’s two largest economies said Sunday as they reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes meeting. Continue reading