May 12 Iran war hits home as gasoline prices fuel significant U.S. inflation jump By Paul Wiseman, Associated Press The Labor Department's consumer price index rose 3.8% from April 2025 and up from a 3.3% year-over-year gain in March. Continue reading
May 11 Older Americans say it's a good time to find a job. Younger people aren't buying it By Nicholas Riccardi, Associated Press The schism is likely to continue fueling generational divides in politics, where younger voters have focused on economic issues such as housing costs and have registered less faith in institutions. Continue reading
May 11 Trump says he'll suspend the federal tax on gas. What does that mean? By Matthew Daly, Associated Press The president cannot suspend the federal tax on his own. Continue reading
May 11 The best-case scenario for Taiwan from the Trump-Xi summit By Aamer Madhani, Simina Mistreanu, Associated Press President Donald Trump, in his return to the White House, has demonstrated greater ambivalence toward Taiwan, an approach that's raising questions ahead of this week's summit with Chinese President Xi Jinping about whether the U.S. leader could be open to… Continue reading
May 08 Watch 6:09 What a stronger than expected jobs report tells us about the state of the economy By Amna Nawaz, Jackson Hudgins The Labor Department reported Friday that unemployment held steady in April and that the U.S. added 115,000 jobs, surpassing expectations. For more on the numbers and what they tell us about the state of the economy, Amna Nawaz speaks with… Continue watching
May 08 U.S. employers add a surprisingly strong 115,000 jobs in April, while unemployment remains low By Paul Wiseman, Associated Press The war has caused the biggest disruption of global oil supplies in history, but the conflict hasn't done much damage to the American job market so far. Continue reading
May 07 Iran creates new agency to control shipping in Strait of Hormuz while reviewing peace deal with U.S. By Adam Schreck, David McHugh, Russ Bynum, Associated Press Late in the day, Iranian state media said the country’s armed forces exchanged fire with “the enemy” on Qeshm Island in the Strait of Hormuz. Continue reading
May 07 Shipping firms are being whipsawed by changing stances and risks as they wait for Hormuz to reopen By Mae Anderson, David McHugh, Associated Press To pressure Iran, the U.S. Navy is blockading Iran's ports, enforcing the blockade outside the strait in the Gulf of Oman and the Arabian Sea. Continue reading
May 07 Study: Lower-income Americans are using less gas but being hit the hardest by the price spike By Christopher Rugaber, Associated Press Lower-income Americans sharply reduced their gas consumption in the month following the Iran war, yet spiking prices still forced them to spend more at the pump, worsening the economy's economic disparities, new research released Wednesday showed. Continue reading
May 06 Some iPhone owners could get up to $95 after Apple agrees to settle case for $250 million By Kelvin Chan, Associated Press Owners of some iPhones are in line to get cash payments of up to $95 from Apple after the company on Tuesday reached a $250 million settlement in a class-action lawsuit for false advertising of its artificial intelligence capabilities. Continue reading