Sep 12 Wall Street finishes its best week in over a month By Stan Choe, Associated Press Stocks have rallied with expectations that the Federal Reserve will cut its main interest rate for the first time this year at its meeting next week. Such a move would give the economy a kickstart, and mortgage rates have already… Continue reading
Sep 12 Boeing workers reject latest contract offer, extending strike at three Midwest plants By Rio Yamat, Mae Anderson, Associated Press Another contract proposal has been rejected by Boeing workers who now have been on strike for nearly six weeks from three Midwest plants where military aircraft and weapons are developed. Continue reading
Sep 12 Russia cuts interest rate to 17% as wartime economy slows while deficit grows By David McHugh, Associated Press The bank’s inflation warnings in its policy statements underlined the stresses in the Kremlin’s wartime economy. Continue reading
Sep 11 U.S. inflation worsened last month, putting Fed in difficult spot as job market slows By Christopher Rugaber, Associated Press The price of gas, groceries, and airfares jumped, while a measure of layoffs also increased, putting the Federal Reserve in a tough spot as it prepares to cut rates at its meeting next week despite persistent price pressures. Continue reading
Sep 10 Watch 5:57 News Wrap: Judge says Fed governor can stay on job as she challenges firing In our news wrap Wednesday, the Trump administration appealed a judge's decision to let Federal Reserve Governor Lisa Cook stay on the job as she challenges her dismissal, three former FBI officials are suing over their firings, an immigration arrest… Continue watching
Sep 10 Cook can remain a Fed governor while fighting Trump’s attempted firing, court rules By Christopher Rugaber, Lindsay Whitehurst, Associated Press The ruling, which will almost certainly be appealed, is a blow to the Trump administration’s efforts to assert more control over the traditionally independent Fed. Continue reading
Sep 09 Watch 6:28 Revised job numbers raise new concerns about economic slowdown By Geoff Bennett, Courtney Norris The Bureau of Labor Statistics says the U.S. job market is much weaker than initially believed. More than 900,000 fewer jobs were added in 2024 and 2025 than previously reported. The BLS issues revisions every year, but this change is… Continue watching
Sep 09 U.S. job market much weaker in 2024 and this year than previously thought, new data shows By Paul Wiseman, Associated Press Employers added 911,000 fewer jobs than originally reported from April 2024 through March, the Labor Department reported Tuesday. Continue reading
Sep 05 Watch 9:36 Chicago Fed president unpacks weak jobs report and what it says about the economy By Amna Nawaz, Karina Cuevas The labor market appears to have stalled this summer, according to the significantly weaker than expected jobs report. Employers added just 22,000 new jobs in August and revisions show the economy lost 13,000 jobs in June, the first net loss… Continue watching
Sep 05 Watch 6:19 How AI infrastructure is driving a sharp rise in electricity bills By Geoff Bennett, Azhar Merchant Electricity bills are climbing nationwide, rising faster than inflation in many places. The explosive growth of AI and the massive data centers behind it are driving demand and straining the grid. To explain how this hits consumers, and what can… Continue watching