Economy

Filter

U.S. inflation on the downhill, but the Fed has long way to go to hit target rate

By Christopher Rugaber, Associated Press

The stickiness of inflation could endanger the possibility that the Fed will achieve a rare “soft landing” — a scenario in which it manages to slow inflation down to its target level through higher interest rates without derailing the economy.

Simon & Schuster purchased by private equity firm KKR for $1.62 billion

By Associated Press

The private equity giant will buy Simon & Schuster for $1.62 billion in cash, said Paramount Global, the parent company of the storied book publisher.

Wildfires, heat waves deliver blow to southern Europe’s vital tourism industry

By Michael Varaklas, Kelvin Chan, Associated Press

Mediterranean destinations like Greece, Italy and Spain that have been hit by heat waves and wildfires are now weighing how the crisis will affect the tourism sector fueling much of their economies.

Jobs report falls short of expectations but signals recession might be avoided

By Geoff Bennett, Courtney Norris

The U.S. economy added 187,000 jobs in July, slightly fewer than expected but still a sign of a resilient job market. The report also shows the unemployment rate dipped to 3.5 percent. This comes after several encouraging reports in the…

Continue watching

News Wrap: Trump enters plea on additional charges in classified documents case

In our news wrap Friday, former President Trump entered another not-guilty plea, this time to a revised indictment in the classified documents case, a court in Russia sentenced opposition leader Alexei Navalny to 19 more years in prison and the…

Continue watching

After helping prevent extinctions for 50 years, the Endangered Species Act itself may be at risk

Opposition has grown from industry and landowner groups who say it hampers economic growth and property rights. Supporters are fighting back, saying the law is more important than ever.

Global food prices rise after Russia ends Ukraine grain deal and India restricts rice exports

By Associated Press

Commodity prices have been falling but the trade restrictions and grain deal's demise threaten to increase food insecurity and the prices people pay to eat in developing nations.

U.S. economy adds 187,000 new jobs, fewer than expected but unemployment down

By Paul Wiseman, Associated Press

U.S. employers added 187,000 last month, fewer than expected, as the higher interest rates continued to weigh on the economy. But the unemployment rate dipped to 3.5% in a sign that the job market remains resilient.

Weekly applications for U.S. unemployment benefits tick up from 5-month low

By Associated Press

Thursday's report comes just a day before the July jobs report will be released, which will provide a broader and more detailed look at the labor market and economy.

Drag artists and LGBTQ+ advocates sue to block Texas law expanding ban on sexual performances

By Jim Vertuno, Associated Press

The federal lawsuit filed in Houston by the American Civil Liberties Union argues the Texas law is unconstitutional and threatens the livelihood and free expression" of drag performers and others.