Jun 25 Key inflation gauge jumps to 3-year high in latest sign of affordability challenges By Christopher Rugaber, Associated Press The increase was largely driven by more expensive gas, as well as pricier semiconductors and other computer equipment that are in high demand for the AI buildout. Continue reading
Jun 23 WATCH: Trump touts the economy in Pennsylvania, following interim agreement with Iran By Mike Catalini, Seung Min Kim, Associated Press Trump's trip to the Allentown-area business comes as he works to try to put the conflict — and the higher gasoline prices it caused — in the rearview mirror as November midterm elections draw closer. Continue reading
Jun 22 Watch 6:39 Remembering the legacy of Alan Greenspan, 'maestro' of the U.S. economy By Paul Solman, Diane Lincoln Estes Alan Greenspan, the former chairman of the Federal Reserve, died Monday of complications from Parkinson’s at the age of 100. Greenspan was widely considered the most powerful Fed chair in modern times, largely presiding over a period of long prosperity,… Continue watching
Jun 22 Former Federal Reserve Chairman Alan Greenspan dies at 100 By Paul Wiseman, Christopher Rugaber, Associated Press Former U.S. Federal Reserve Chair Alan Greenspan died Monday from complications of Parkinson’s disease, said his wife of 29 years, NBC News correspondent Andrea Mitchell. He was 100. Continue reading
Jun 19 Cuba passes sweeping free-market reforms in biggest economic shift since revolution By Andrea Rodriguez, Associated Press Observers on Friday called Cuba’s new free-market reforms the most sweeping economic overhaul of the island’s communist economy since the Cuban revolution, as the grandson of former President Raúl Castro said in an interview that Cuba must seek to move its economy… Continue reading
Jun 18 U.S. gas prices just fell below $4 for 1st time since March. They're still 25% higher than last year By Michelle Chapman, Associated Press Prices fell overnight after President Donald Trump signed an agreement with Iran that calls for Tehran to dilute its stockpile of highly enriched uranium and waives U.S.-backed sanctions on the country. Continue reading
Jun 18 Trump's economic approval rating hits new low, poll finds By Hannah Grabenstein Some voting groups that Trump handily won aren’t happy with his economic approach, including more thanhalf of white voters without a college degree. Continue reading
Jun 17 WATCH: New Fed chair Kevin Warsh holds first news conference after leaving interest rate unchanged By Christopher Rugaber, Associated Press The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year. Continue reading
Jun 16 Pizza Hut, struggling with delivery competition, sold for $2.7 billion By Michelle Chapman, Dee-Ann Durbin, Associated Press Pizza Hut has been squeezed in recent years by the growth of DoorDash, Uber Eats and other restaurant delivery companies which marketed access to a slew of cuisines besides pizza. Continue reading
Jun 16 Higher prices for gas, groceries and flights will outlast Iran war, analysts say By Mae Anderson, Associated Press The fighting disrupted not only fuel supplies but also the supply chains for fertilizer, food and even footwear. Continue reading