May 08 Watch 6:09 What a stronger than expected jobs report tells us about the state of the economy By Amna Nawaz, Jackson Hudgins The Labor Department reported Friday that unemployment held steady in April and that the U.S. added 115,000 jobs, surpassing expectations. For more on the numbers and what they tell us about the state of the economy, Amna Nawaz speaks with… Continue watching
May 08 U.S. employers add a surprisingly strong 115,000 jobs in April, while unemployment remains low By Paul Wiseman, Associated Press The war has caused the biggest disruption of global oil supplies in history, but the conflict hasn't done much damage to the American job market so far. Continue reading
May 07 Iran creates new agency to control shipping in Strait of Hormuz while reviewing peace deal with U.S. By Adam Schreck, David McHugh, Russ Bynum, Associated Press Late in the day, Iranian state media said the country’s armed forces exchanged fire with “the enemy” on Qeshm Island in the Strait of Hormuz. Continue reading
May 07 Shipping firms are being whipsawed by changing stances and risks as they wait for Hormuz to reopen By Mae Anderson, David McHugh, Associated Press To pressure Iran, the U.S. Navy is blockading Iran's ports, enforcing the blockade outside the strait in the Gulf of Oman and the Arabian Sea. Continue reading
May 07 Study: Lower-income Americans are using less gas but being hit the hardest by the price spike By Christopher Rugaber, Associated Press Lower-income Americans sharply reduced their gas consumption in the month following the Iran war, yet spiking prices still forced them to spend more at the pump, worsening the economy's economic disparities, new research released Wednesday showed. Continue reading
May 06 Some iPhone owners could get up to $95 after Apple agrees to settle case for $250 million By Kelvin Chan, Associated Press Owners of some iPhones are in line to get cash payments of up to $95 from Apple after the company on Tuesday reached a $250 million settlement in a class-action lawsuit for false advertising of its artificial intelligence capabilities. Continue reading
May 05 U.S. gasoline prices rise 50% since the start of the Iran war By Cathy Bussewitz, Associated Press The main reason drivers are paying more at the pump is because of the global energy crisis caused by the Iran War. The price of crude oil, which is the main ingredient in gasoline, has been climbing for most of… Continue reading
May 05 U.S. job openings largely unchanged in March despite Iran conflict By Paul Wiseman, Associated Press Employers posted 6.87 million jobs in March, compared to 6.92 million in February, the Labor Department reported Tuesday. Continue reading
May 05 White House says Trump's deals with pharmaceutical companies offer billions in savings By Josh Boak, Associated Press WASHINGTON (AP) — White House economists estimate that President Donald Trump's deals with pharmaceutical companies to drop some of their U.S. prescription drug prices to what they charge in other countries could save $529 billion over the next 10 years. Continue reading
May 05 Iran war's fragile ceasefire tested in U.S. attempt to open the Strait of Hormuz By Adam Schreck, Ben Finley, Elena Becatoros, Associated Press U.S. military leaders said a ceasefire remains in effect a day after Iran was blamed for new attacks in the Strait of Hormuz and against the United Arab Emirates. The key American ally later said it came under Iranian drone… Continue reading