Aug 19 WATCH: Trump talks about North Korea, interest rates while hosting cryptocurrency leaders at the White House By Associated Press President Donald Trump held court on Wednesday with several cryptocurrency and finance leaders for an event on digital assets. Continue reading
Aug 19 An alarmed bond market gets the Trump administration to act again By Stan Choe, Christopher Rugaber, Associated Press Normally quiet, the bond market can occasionally send warning signals loud enough to hit stock markets worldwide and even grab the attention of U.S. presidents and other world leaders. Continue reading
Aug 18 Why Poorna Jagannathan values finding success later in life By Amna Nawaz Award-winning actress Poorna Jagannathan is known for her roles in the Netflix coming-of-age show “Never Have I Ever” and the Hulu comedy “Deli Boys.” In the latest episode of “Settle In,” she speaks to Amna Nawaz about her unexpected acting… Continue reading
Aug 17 Watch 5:33 National debt nears $40 trillion: How we got here and why it matters By Lisa Desjardins, Ali Schmitz The national debt is expected to hit a record high as soon as this week, crossing a major threshold of $40 trillion. Congressional correspondent Lisa Desjardins explains why that milestone is a warning sign for many economists. Continue watching
Aug 17 Watch 6:27 Instead of selling, business owner donates company to trust for charity By Liz Landers, Jackson Hudgins Last month, Eddie Smith, the owner of Grady-White Boats in Greenville, North Carolina, made waves when he announced that he was pledging nearly all his company's future profits to charity. Instead of selling Grady-White, Smith chose to gift it to… Continue watching
Aug 14 U.S. retail sales unexpectedly post largest drop in more than a year By Anne D'Innocenzio, Associated Press The drop in spending raised concern among some economists about the resiliency of consumers who have powered the economy forward despite nagging inflation and soaring gasoline prices. Continue reading
Aug 13 Trump White House says it's losing $19B-$26 billion a year in revenue as countries dodge tariffs By Josh Boak, Associated Press The report specifically highlights that China responded to new tariffs in 2018 by sending their goods to other nations ranging from Mexico to Malaysia for packaging and limited assembly — a practice known as transshipping. Continue reading
Aug 13 Wholesale price inflation slows last month as gas and food costs fall By Christopher Rugaber, Associated Press Wholesale inflation dropped last month as gas prices reversed some of their Iran war spike and other costs also cooled, a sign that consumer inflation could grind lower in the months ahead. Continue reading
Aug 12 Bessent said the K-shaped economy 'is over.' Here's what financial experts say By Maria Ramirez Uribe At a time when many Americans remain stressed about affordability, Treasury Secretary Scott Bessent has declared that the U.S. economy is no longer in a “K shape,” a term used to describe increasing financial inequality between high- and low-income households. Continue reading
Aug 12 Inflation cooled last month as gas prices fell, though costs remain elevated By Christopher Rugaber, Associated Press The modest decline could ease pressure on the Federal Reserve to raise their key interest rate to combat rising costs. Yet prices are still rising more quickly than average wages, underscoring the struggle many Americans have had with more expensive… Continue reading