Sep 26 Fed’s favored inflation gauge accelerated slightly in August, report shows By Paul Wiseman, Associated Press The Commerce Department reported Friday that its personal consumption expenditures (PCE) price index was up 2.7% in August from a year earlier, a tick higher from a 2.6% year-over-year increase in July and most since February. Continue reading
Sep 25 Rep. Adam Smith backs renegotiating global economic rules to reflect China’s rise By Ken Moritsugu, Associated Press The head of a U.S. congressional delegation visiting China said he backed renegotiating the rules governing the global economy to take into account China’s rise and that of others such as India and Brazil. Continue reading
Sep 25 Amazon to pay $2.5 billion to settle FTC allegations it duped customers into enrolling in Prime By Sally Ho, Associated Press Amazon has reached a historic $2.5 billion settlement with the Federal Trade Commission which said the online giant tricked customers into signing up for its Prime memberships. Continue reading
Sep 25 WATCH: Trump signs TikTok executive order on sale of social media company By Associated Press Much is still unknown about the actual deal in the works, but Trump said Thursday that Chinese leader Xi Jinping has approved it. Any major change to the popular video platform could have a huge impact on how Americans consume… Continue reading
Sep 24 These federal employees were purged by DOGE. Months later, the Trump administration is asking if they want to return By Joshua Goodman, Ryan J. Foley, Associated Press The General Services Administration has given the employees — who managed government workspaces — until the end of the week to accept or decline reinstatement, according to an internal memo obtained by The Associated Press. Continue reading
Sep 24 A jury will look at whether Amazon tricked customers into joining Prime — and made it hard to leave By Gene Johnson, Sally Ho, Associated Press The Federal Trade Commission sued Amazon in U.S. District Court in Seattle two years ago and has alleged more than a decade of legal violations, including of the Restore Online Shoppers' Confidence Act, a 2010 law designed to help ensure… Continue reading
Sep 22 Oracle will manage TikTok’s algorithm for U.S. users under Trump administration deal By Chris Megerian, Associated Press The decision addresses U.S. national security concerns over the China-based social media platform. Continue reading
Sep 21 Trump says Murdochs and Dell could potentially take part in U.S.-China TikTok deal By Alan Suderman, Associated Press President Donald Trump said prominent billionaires – including media mogul Rupert Murdoch and tech founder Michael Dell – could be part of a deal in which the U.S. will take control of the social video platform TikTok. Continue reading
Sep 19 What you need to know about the government’s 10% stake in Intel By Hannah Grabenstein Though the government has purchased portions of U.S. companies before, in recent history it was typically to save major corporations and protect the economy. Continue reading
Sep 18 Watch 7:41 How debt interest is becoming a bigger problem for the U.S. government By Paul Solman, Ryan Connelly Holmes The national debt has grown to more than $37 trillion. There is mounting concern in some quarters over how soon the ballooning debt will impact the lives of everyday Americans. As Paul Solman explains, simply paying the interest on that… Continue watching