Nov 01 WATCH: Jerome Powell holds briefing after Fed leaves key interest rate unchanged By Christopher Rugaber, Associated Press At a news conference after the meeting, Chair Jerome Powell suggested that the Fed was edging ever closer to the end of its rate-hiking campaign. Continue reading
Oct 31 India-led alliance set to fund solar projects in Africa in a boost to the renewable energy transition By Sibi Arasu, Associated Press An alliance of nations that push for more solar power worldwide are set to announce nearly $35 million for projects such as mini grids and rooftop installations, mainly in Africa, according to the group's director general. Continue reading
Oct 31 U.S. wages rose at a solid pace this summer, posing challenge for the Federal Reserve’s inflation fight By Christopher Rugaber, Associated Press Wages and benefits grew at a slightly faster pace in the July-September quarter than the previous three months, a benefit to workers that also represents a risk to the Federal Reserve's fight against inflation. Continue reading
Oct 30 Eyedrops from CVS, Rite Aid and others carry possible infection risk, FDA says By Associated Press The agency says consumers should stop using the products immediately and avoid purchasing any found in pharmacies and other stores. Continue reading
Oct 30 How long can the surge in U.S. consumer spending last despite higher prices? By Christopher Rugaber, Anne D'Innocenzio, Associated Press A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments that… Continue reading
Oct 30 WATCH: Biden signs executive order creating rules for artificial intelligence development By Josh Boak, Matt O'Brien, Associated Press Before signing the order, Biden said AI is driving change at “warp speed” and carries tremendous potential as well as perils. Continue reading
Oct 30 General Motors and the United Auto Workers reach tentative agreement after 6-week strike By Tom Krisher, Frank Bajak, Associated Press General Motors and the United Auto Workers union have reached a tentative contract agreement that could end a six-week-old strike against Detroit automakers, two people briefed on the deal said. Continue reading
Oct 30 Inflation adds a trick to your Halloween treat shopping By Dee-Ann Durbin, Associated Press Spooked by the high price of Halloween candy? There’s not much relief in sight. Continue reading
Oct 29 After making deals with Ford and Stellantis, UAW escalates strike against lone holdout GM By Tom Krisher, Frank Bajak, Associated Press The United Auto Workers union has widened its strike against General Motors, the lone holdout among the three Detroit automakers, after reaching a tentative contract agreement with Jeep maker Stellantis. Continue reading
Oct 27 U.S. consumers keep spending even in the face of persistent inflation and high interest rates By Christopher Rugaber, Associated Press An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth. Continue reading