Economy

Filter

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.

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.

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.

U.S. expands effort to cut off funding for Hamas

By Danica Kirka, Associated Press

The United States on Friday expanded its effort to cut off funding for Hamas, announcing a second round of sanctions against people and organizations linked to the group since it launched an attack on Israel that killed more than 1,400…

In court, FTX's Sam Bankman-Fried denies he took customers' funds but acknowledges that people got hurt

By Ken Sweet, Larry Neumeister, Associated Press

FTX founder Sam Bankman-Fried is testifying at his fraud trial saying he hoped would move the cryptocurrency ecosystem forward but ended up doing the opposite and hurting customers.

AP-NORC poll: Many Americans say their expenses are outpacing earnings this year

By Cora Lewis, Associated Press

For most Americans, household debt has either risen in the last year or has not gone away.

FTX founder Bankman-Fried testifies outside jury's presence as judge decides what he can say

By Larry Neumeister, Associated Press

Sam Bankman-Fried got a test run at testifying at his New York criminal trial when a judge sent jurors home but let him demonstrate portions of his testimony before deciding what jurors will hear on Friday.

U.S. economy grows 4.9 percent, shrugging off interest rates and defying recession forecasts

By Christopher Rugaber, Associated Press

The nation's economy expanded at a robust 4.9 percent annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace.

Autoworkers reach a deal with Ford, a breakthrough toward ending the strikes

By Tom Krisher, Associated Press

The United Auto Workers union says it has reached a tentative contract agreement with Ford that could be a breakthrough to end the nearly 6-week-old strikes against Detroit automakers.

Federal officials say plan for water cuts from 3 Western states is enough to protect Colorado River

By Kathleen Ronayne, Associated Press

The U.S. Department of the Interior is throwing its support behind a proposal by Arizona, Colorado and Nevada. The states' plan would conserve 3 million acre feet of water through 2026.