Jan 12 Wholesale inflation in U.S. declined last month, signaling that price pressures are still easing By Paul Wiseman, Associated Press Friday's wholesale figures, which were all lower than economists had expected, reinforced the view that U.S. inflation pressures are slowing, if not always consistently. Continue reading
Jan 11 Biden administration awards $623 million in grants to build out electric vehicle charging network By Matthew Daly, Associated Press Congress approved $7.5 billion in the 2021 infrastructure law to build out a national network of 500,000 publicly available chargers by 2030. Continue reading
Jan 11 Average long-term mortgage rates rise again, reaching their highest level in 4 weeks By Alex Veiga, Associated Press The latest increase follows a nine-week string of declines at the end of last year that lowered the average rate after it surged in late October to 7.79 percent, the highest level since late 2000. Continue reading
Jan 11 Feds charge eBay $3 million over employees who sent live spiders and cockroaches to couple By Alanna Durkin Richer, Associated Press Online retailer eBay has agreed to pay a $3 million fine to resolve criminal charges over employees who harassed a Massachusetts couple by sending live spiders, cockroaches and other disturbing items to their home. Continue reading
Jan 11 Energy and housing prices nudged U.S. inflation up, but many other costs rose only mildly By Paul Wiseman, Associated Press The persistence of still-elevated inflation helps explain why, despite steady economic growth, low unemployment and healthy hiring, polls show many Americans are dissatisfied with the economy. Continue reading
Jan 10 Regulators approve new bitcoin funds in move that could spur more investment in cryptocurrency By Ken Sweet, Associated Press The Securities and Exchange Commission has reluctantly approved trading of the first exchange-traded funds that hold bitcoin. But the agency said Wednesday that it is still deeply skeptical about cryptocurrencies and did not approve or endorse bitcoin in its decision. Continue reading
Jan 10 California Gov. Newsom proposes tapping reserves and cutting spending to close nearly $38 billion deficit By Adam Beam, Associated Press The proposal Newsom is laying out Wednesday outlines how he wants to spend taxpayer dollars and other state money for the fiscal year starting July 1. Continue reading
Jan 10 Carbon pollution is down in the U.S., but not fast enough to meet Biden's 2030 goal, new report says By Matthew Daly, Associated Press The report from the Rhodium Group said the decline is a step in the right direction but far below the rate needed to meet President Joe Biden's pledge to cut U.S. emissions in half by 2030. Continue reading
Jan 10 U.S. adults across racial groups agree the economy is a top priority, AP-NORC and AAPI Data polls show By Matt Brown, Linley Sanders, Associated Press Black, white, Hispanic and Asian adults in the U.S. largely agree that the government should focus on the economy and foreign policy issues in 2024. Continue reading
Jan 09 Global economy will slow for a third straight year in 2024, World Bank predicts By Paul Wiseman, Associated Press Heightened global tensions, arising particularly from Israel's war with Hamas and the conflict in Ukraine, pose the risk of even weaker growth. Continue reading