Economy

Filter

Higher gas prices lift Fed's preferred inflation gauge but underlying price pressures remain mild

By Christopher Rugaber, Associated Press

An inflation gauge closely tracked by the Federal Reserve rose in August, boosted mainly by higher gas prices. But measures of underlying inflation slowed in the latest sign that overall price pressures are still moderating.

New California law raises minimum wage for fast food workers to $20 per hour

By Adam Beam, Associated Press

California Gov. Gavin Newsom has signed a law raising the minimum wage for fast food workers to $20 per hour. The raise takes effect April 1.

Economy grows 2.1 percent estimates government, unchanged from previous projection

By Paul Wiseman, Christopher Rugaber, Associated Press

The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged.

Auto workers union to announce plans on Friday to expand strike in contract dispute with companies

By David Koenig, Tom Krisher, Associated Press

The union went on strike Sept. 14 when it couldn't reach agreements on new contracts with Ford, General Motors and Jeep maker Stellantis.

WATCH: Transportation Sec. Buttigieg holds briefing on impact of possible government shutdown

By News Desk

Transportation Secretary Pete Buttigieg said Wednesday that air travel will remain safe in a shutdown, but that the training of new air traffic controllers will stop and 1,000 trainees will be furloughed.

Is broadband an essential utility, like water or electricity? New net neutrality effort makes the case

By Associated Press

The proposed rules would return fixed and mobile broadband service to its status as an essential telecommunications service under Title II of the Communications Act.

Judge rules Trump defrauded banks, insurers as he built his real estate empire

By Michael R. Sisak, Associated Press

A judge has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House.

Musk's X is the largest source of disinformation, EU official says

By Kelvin Chan, Associated Press

European Commission Vice President Vera Jourova also said Tuesday that Google, TikTok, Microsoft and Meta have more to do to tackle disinformation.

U.S. consumer confidence falls in September as American anxiety about the future grows

By Matt Ott, Associated Press

The American consumer is feeling less confident this month, particularly about the future, as expectations persist that interest rates will remain elevated for an extended period.

United Farm Workers endorses Biden, says he's an 'authentic champion' for workers

By Darlene Superville, Associated Press

The union on Tuesday said the Democratic president has proven throughout his life that he's an "authentic champion" for workers and their families, regardless of race or national origin.