Aug 07 Watch 5:30 What the July jobs report reveals about the strength of the economy By Amna Nawaz, Andrew Merlis New labor data shows the U.S. economy lost 23,000 jobs in July, when economists had predicted modest growth. Revised numbers for May and June also show 103,000 fewer jobs created than originally reported. The unemployment rate ticked down, from 4.2%… Continue watching
Aug 07 U.S. employers unexpectedly cut 23,000 jobs amid strain from the Iran war, unemployment dips to 4.1% By Paul Wiseman, Associated Press U.S. employers unexpectedly cut 23,000 jobs last month, and Labor Department revisions shaved 103,000 jobs off payrolls in May and June. The unemployment rate dipped to 4.1% only because Americans left the job market. Continue reading
Aug 05 Trump says deal to reopen the Strait of Hormuz could come as early as Wednesday By Elena Becatoros, Samy Magdy, Darlene Superville, Associated Press Iran and Oman inched toward an agreement on the critical waterway that could ease pressure on the global economy and potentially help bring an end to the war. Continue reading
Jul 31 Major oil companies reap massive profits as U.S. and Iran fighting drives energy prices higher By Cathy Bussewitz, Associated Press American oil and gas giants raked in massive spring profits while fighting between Iran and the U.S. impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages. Continue reading
Jul 30 Watch 7:32 Breaking down the GDP report as U.S. economy slows in 2nd quarter By Amna Nawaz, Jackson Hudgins, Katie Marlow In a sign that the war in Iran may be weighing on economic growth, the U.S. economy saw a slowdown in the second quarter. That’s according to a new report today from the Commerce Department. It all comes after the… Continue watching
Jul 30 Wildfires near Bordeaux threaten to squeeze France's struggling wine industry By Eva Van Dam, Jamey Keaten, John Leicester, Associated Press Bordeaux’s legendary wine has seen consumption plunge as young people turn to other beverages and competition from vineyards abroad has grown, while Trump’s tariffs have given winemakers an added hangover. Continue reading
Jul 30 School supplies really do cost more this year. Here's how much, from lunchboxes to pencils By Chabeli Carrazana, The 19th Just about every back-to-school item that families will load into their literal or virtual carts this summer has gone up in price at a time when American families already feel crushed by rising costs. Continue reading
Jul 30 Average 30-year U.S. mortgage rate rises to highest level in a year By Alex Veiga, Associated Press The benchmark 30-year fixed rate mortgage rate rose to 6.66% from 6.58% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.72%. Continue reading
Jul 30 Trump touted his tariffs in Michigan despite rising costs. Even some of his supporters are worried By Jacqueline Ganun, Will Weissert, Associated Press During President Donald Trump's rally in Milford, the crowd was adoring. But even some of his ardent supporters said prices are too high and tariffs had caused short-term economic pain. Continue reading
Jul 30 Inflation remaining stubbornly high, U.S. economy grows sluggish 1.5% in 2nd quarter By Paul Wiseman, Associated Press Inflation remained above the central bank’s 2% target at a time when Americans are frustrated about the high cost of living ahead of the midterm elections, now less than 100 days away. Continue reading