Economy Oct 29 Inflation heats up again, days before midterm elections By Christopher Rugaber, Associated Press
Economy Oct 29 U.S. economy grows at brisk 3.4% pace in third quarter on strong consumer spending and AI investment Consumer spending rose at a good clip in the third quarter, and business investment was up sharply, reflecting the AI boom. By Paul Wiseman, Associated Press
Economy Oct 28 WATCH: Warsh holds briefing after Fed leaves key interest rate unchanged The Federal Reserve kept its key rate unchanged Wednesday at about 3.9% despite stubbornly high inflation, while providing little hint about the central bank’s next moves. By Christopher Rugaber, Associated Press
Economy Oct 27 5 things to watch for in this week's Federal Reserve meeting The Fed’s Oct. 27-28 meeting will be the fourth of Chairman Kevin Warsh’s tenure, which has been marked by questions regarding his independence from President Donald Trump, who appointed him earlier this year. By Chris Rugaber, Associated Press
Nation Oct 26 Anthropic files for potentially the biggest IPO ever as CEO warns of AI's existential risk to humanity The filing comes weeks after CEO Dario Amodei argued in an essay for slowing the development of the most advanced AI models. By Barbara Ortutay, Bernard Condon, Associated Press
Oct 26 Trump promised to stop inflation. Now Republicans may pay the price in the midterm elections By Jill Colvin, Josh Boak, Associated Press Voters blame Trump, pointing to the Republican president's tariff policies and the war he started with Iran. Continue reading
Oct 25 Home sellers are lowering their prices and helping buyers to make a deal in a stagnant market By Alex Veiga, Associated Press The trend marks a stark turn from earlier this decade, when sellers often received well above their asking price as home shoppers empowered by rock-bottom mortgage rates fueled a buying frenzy that sent home prices soaring. Continue reading
Oct 23 Treasury proposes rule to curb high-tech investments in China and other adversaries By Paul Wiseman, Didi Tang, Associated Press The U.S. Treasury Department proposed a rule Thursday to crack down on American high-tech investments such as supercomputing and artificial intelligence in China, Russia, North Korea and other “countries of concern."… Continue reading
Oct 23 Seeking to help Collins in Maine, Trump exempts some Canadian imports from his 50% tariffs By Paul Wiseman, Associated Press Collins, locked in a tight race with Democratic challenger Troy Jackson, issued a statement saying she'd spoken with Trump's top trade negotiator, Jamieson Greer, and Commerce Secretary Howard Lutnick "about the toll tariffs are taking on Maine families, businesses, farmers,… Continue reading
Oct 22 U.S. jobless claims fell to 194,000 last week, lowest since July By Paul Wiseman, Associated Press So far this year, claims have remained at historically low levels, never topping 230,000 in a single week. Continue reading