Oct 12 September's U.S. consumer inflation eased slightly as price pressures cool By Christopher Rugaber, Associated Press Still, on a month-to-month basis, prices are still rising faster than is consistent with the Fed’s 2 percent target. Continue reading
Oct 11 Labor movements are seeing historic victories this year. Can unions keep up the momentum? By Wyatte Grantham-Philips, Associated Press From auto production lines to Hollywood, the power of labor unions is back in the national spotlight. But despite historic strikes and record contract negotiations seen this year, there's still a lot stacked against organizing today. Continue reading
Oct 11 Wholesale inflation in U.S. rose 2.2 percent in September, biggest year-over-year gain since April By Paul Wiseman, Associated Press U.S. wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates. Continue reading
Oct 11 Finland police investigate undersea gas pipeline leak as possible sabotage By Associated Press Finland's National Bureau of Investigation, or NBI, says it has started gathering evidence at the location of the leak, which was detected Sunday on the Balticconector pipeline connecting the two NATO allies. Continue reading
Oct 11 WATCH: Biden says the proposed FTC ban on junk fees will help families and 'honest' businesses By Josh Boak, Associated Press President Joe Biden on Wednesday announced a proposed rule by the Federal Trade Commission to ban any hidden and bogus junk fees, which can mask the total cost of concert tickets, hotel rooms and utility bills. Continue reading
Oct 11 Exxon Mobil to buy Pioneer Natural for $59.5 billion, doubling down on fossil fuels as energy prices surge By Michelle Chapman, Associated Press Including debt, Exxon is committing about $64.5 billion to the acquisition announced Wednesday, leaving no doubt of the Texas energy company's commitment to fossil fuels as energy prices surge. Continue reading
Oct 10 IMF downgrades global economic growth outlook, cites Mideast war as new risk By Paul Wiseman, David McHugh, Associated Press A series of previous shocks, including the pandemic and Russia’s war in Ukraine, has slashed worldwide economic output by about $3.7 trillion over the past three years compared with pre-COVID trends. Continue reading
Oct 09 UK Labour Party says it will focus on economic growth, not higher taxes By Jill Lawless, Associated Press Britain's main opposition Labour Party says it will focus on economic growth rather than higher taxes to "rebuild" the country after more than a decade of Conservative rule. Continue reading
Oct 09 2 Federal Reserve officials say spike in bond yields may allow central bank to leave rates alone By Christopher Rugaber, Associated Press That's because a surge in long-term interest rates has made borrowing more expensive and could help cool inflation without further action by the central bank. Continue reading
Oct 09 Union workers at Mack Trucks go on strike after voting to reject new contract deal By Tom Krisher, Associated Press Union workers at Mack Trucks are on strike after voting down a tentative five-year contract agreement that negotiators had reached with the company. Continue reading