Economy

Filter

Is the era of inexpensive cars over? Why auto prices are on the rise in America

By John Yang, Andrew Corkery

The average price of cars has soared in recent years, and buyers are being further squeezed by rising interest rates. It’s hitting Gen Z and millennials particularly hard — in 2022, people aged 18 to 39 had over $20 billion…

Continue watching

Many people think cannabis smoke is harmless. Here’s how how that belief can put health at risk

By Beth Cohen, The Conversation

Though tobacco use is declining among adults in the U.S., cannabis use is increasing. Emerging research raises concerns about the health effects of cannabis smoke exposure.

U.S. to regulate nursing home staffing, but minimum requirements are lower than advocates hoped

By Matt Sedensky, Associated Press

The move has been sought for decades by older adults and those with disabilities. But the proposed staffing minimums announced Friday are lower than many advocates had hoped. The nursing home industry opposes staffing minimums.

What the latest jobs report signals for American workers

By John Yang, Murrey Jacobson

The August jobs report portrays a labor market that’s steadily growing, but there are signs of cooling in the face of the Federal Reserve’s higher interest rates. Employers added 187,000 jobs in August while the unemployment rate ticked up from…

Continue watching

Economy adds 187,000 jobs in August despite Federal Reserve’s high interest rates

By Paul Wiseman, Associated Press

The nation's employers added a healthy 187,000 jobs in August in a sign of a still-resilient labor market despite the high interest rates the Federal Reserve has imposed.

Judge blocks Arkansas law requiring parental approval for minors to create social media accounts

By Andrew DeMillo, Associated Press

U.S. District Judge Timothy L. Brooks on Thursday granted a preliminary injunction requested by NetChoice, a tech industry trade group whose members include X, formerly known as Twitter, and Facebook parent Meta.

U.S. regulators might loosen restrictions on marijuana. Here’s what that would mean

By Jennifer Peltz, Associated Press

When it emerged this week that U.S. health regulators are suggesting that the federal government loosen restrictions on marijuana, the news lit up the world of weed.

Biden administration proposes rule that would require more firearms dealers to run background checks

By Lindsay Whitehurst, Associated Press

It's the latest effort by Biden's top officials to combat rising gun violence nationwide. People who sell firearms online or at gun shows would be required to be licensed and run background checks on the buyers before the sales.

Visual artists fight back against artificial intelligence companies for repurposing their work

By Jocelyn Noveck, Matt O'Brien, Associated Press

The lawsuit may serve as an early bellwether of how hard it will be for all kinds of creators to stop AI developers from profiting off their work.

Important inflation tracker shows small increase in sign of slowing prices

By Christopher Rugaber, Associated Press

An inflation gauge closely tracked by the Federal Reserve remained low last month, adding to signs of cooling price increases and raising the likelihood that the Fed will leave interest rates unchanged when it next meets in late September.