Dec 23 U.S. economy expands at a surprisingly strong 4.3% annual rate last quarter, though inflation remains stubbornly high By Matt Ott, Associated Press Excluding volatile food and energy prices, so-called core inflation was 2.9%, up from 2.6% in the April-June quarter. Continue reading
Dec 22 Jim Beam to close one of its Kentucky distillery for a year as the whiskey industry navigates tariffs By Jeffrey Collins, Associated Press The company's larger distillery in Boston, Kentucky, will continue to operate, the company said. Continue reading
Dec 20 Watch 5:52 How online retailers are using AI to adjust prices by mining your personal data By Ali Rogin, Andrew Corkery If you’re going online to buy some last-minute gifts this holiday season, there’s a chance the price you pay will be influenced by what’s known as “surveillance pricing.” Some retailers are using artificial intelligence to set individualized prices online by… Continue watching
Dec 18 Watch 6:11 Chicago Fed president on the economy's mixed signals By Geoff Bennett, Jackson Hudgins Inflation is showing fresh signs of cooling, ticking up 2.7% year-over-year, lower than many economists had expected. It follows the release of a delayed jobs report that showed weak growth and the highest unemployment rate in four years. The numbers… Continue watching
Dec 18 TikTok signs deal to sell U.S. unit to American investors, including Oracle and Silver Lake By Barbara Ortutay, Associated Press TikTok has signed a deal to sell its U.S. business to three American investors — Oracle, Silver Lake and MGX — ensuring the popular social video platform can continue operating in the United States. Continue reading
Dec 18 EU delays massive free-trade deal with South American bloc Mercosur amid farmer protests By Sam McNeil, Associated Press The European Union is delaying a massive free-trade deal with South American countries after fiery protests by farmers and last-minute opposition by France and Italy threatened to derail the pact, seen by its backers as an important geopolitical move for both continents. Continue reading
Dec 18 U.S. says inflation slowed last month but data may be distorted and Americans aren't feeling it By Paul Wiseman, Anne D'Innocenzio, Associated Press Year-over-year inflation remains well above the Federal Reserve’s 2% target, and Americans are complaining loudly about the high cost of living. Continue reading
Dec 18 Trump Media to merge with nuclear fusion company that wants to power AI By Associated Press The combined company says it plans to find a site and begin construction next year on the “world’s first utility-scale fusion power plant,” with aims to provide the electricity needed for artificial intelligence. Continue reading
Dec 18 Fact-checking Trump's speech on inflation, wages and a military dividend By Louis Jacobson, Maria Briceño, PolitiFact The picture President Donald Trump painted Wednesday night contrasts with what Americans say they feel. Continue reading
Dec 17 Watch 5:38 Trump gets worst economic ratings ever in new poll as Americans worry about affordability By Amna Nawaz, Matt Loffman Economic concerns continue to be a top priority for Americans. In a new PBS News/NPR/Marist poll, 57% of respondents say they disapprove of the job President Trump is doing on the economy and just 36% think he’s doing a good… Continue watching