Oct 23 Treasury proposes rule to curb high-tech investments in China and other adversaries By Paul Wiseman, Didi Tang, Associated Press The U.S. Treasury Department proposed a rule Thursday to crack down on American high-tech investments such as supercomputing and artificial intelligence in China, Russia, North Korea and other “countries of concern."… Continue reading
Oct 23 Seeking to help Collins in Maine, Trump exempts some Canadian imports from his 50% tariffs By Paul Wiseman, Associated Press Collins, locked in a tight race with Democratic challenger Troy Jackson, issued a statement saying she'd spoken with Trump's top trade negotiator, Jamieson Greer, and Commerce Secretary Howard Lutnick "about the toll tariffs are taking on Maine families, businesses, farmers,… Continue reading
Oct 22 U.S. jobless claims fell to 194,000 last week, lowest since July By Paul Wiseman, Associated Press So far this year, claims have remained at historically low levels, never topping 230,000 in a single week. Continue reading
Oct 20 Gimmick or giveback? Even some Trump supporters don't expect to get $5,000 checks after midterms By Josh Boak, Becky Bohrer, Bill Barrow, Associated Press The offering of government checks has become a go-to tactic for President Donald Trump when he faces a political jam. Continue reading
Oct 19 Consumer concerns grow as retailers adopt AI-assisted pricing tools By Dee-Ann Durbin, Anne D'Innocenzio, Associated Press Terms like “dynamic pricing” and “surveillance pricing” are stirring up anger and anxiety on social media. Continue reading
Oct 19 Musk pledges to give a share of his SpaceX company to 'every kid in America' next year By Michelle Chapman, Associated Press The offer arrived a day after artificial intelligence company Anthropic announced in a social media post that it will commit 5% of its shares to a new "public benefit" fund. Continue reading
Oct 16 Fed chair Warsh says price stability is key but shies away from signals about rates By Elaine Kurtenbach, Associated Press Federal Reserve Chairman Kevin Warsh said Friday he won’t prejudge what the U.S. central bank will do about interest rates at its upcoming meetings in October and December. Continue reading
Oct 16 Tesla's new Roadster car can thrust itself in the air. Don't expect to drive it anytime soon By Associated Press Thursday's launch arrived after years of delays and anticipation around the new Roadster — and Tesla shares climbed about 2% in morning trading on Friday after its unveiling. Continue reading
Oct 15 Retail sales saw 0.8% bump in September, but big chunk of spending went to paying for gas By Anne D'Innocenzio, Associated Press Excluding business at gas stations, retail sales rose 0.2% in September. The government figures aren’t adjusted for inflation, which accelerated last month as gasoline and many other goods and services became more expensive. Continue reading
Oct 15 How much longer will consumers be willing to muscle through higher prices? By Christopher Rugaber, Associated Press High gas prices are intensifying inflation and vacuuming up more of Americans' dollars, yet consumers are still digging deep to spend, powering the economy, at least for now… Continue reading