Oct 13 After rocky morning, stocks mount biggest comeback in years By Stan Choe, Damian J. Troise, Alex Veiga, Associated Press The S&P 500 jumped to a gain of 2.6 percent, a stunning reversal after earlier being down as much as 2.4 percent and touching its lowest level in nearly two years. Continue reading
Oct 13 Despite economic turmoil, UK Treasury chief says tax-cutting plan stays By Danica Kirka, Jill Lawless, Associated Press Britain's Treasury chief has rejected suggestions that the Conservative government would reverse course on economic plans that have roiled financial markets. Continue reading
Oct 13 Costs of housing and services accelerated U.S. inflation in September By Christopher Rugaber, Associated Press The jump in inflation last month is a sign that the Fed’s five rate hikes this year have so far done little to cool inflation pressures. Continue reading
Oct 13 Social Security benefits to get historic 8.7 percent boost next year By Fatima Hussein, Associated Press It's welcome news for American retirees and others, but also tempered by the fact that it’s fueled by high inflation that’s raised the cost of everyday living. Continue reading
Oct 12 Watch 5:00 News Wrap: Parkland jury deliberates Cruz sentence, new protests sweep Iran In our news wrap Wednesday, a jury in Florida starts deliberating on whether Parkland school shooter Nikolas Cruz will be sentenced to death, seven more people were killed in Ukraine as Russia fired missiles and artillery rounds into major cities… Continue watching
Oct 12 More Americans feel financially vulnerable, AP-NORC poll finds By Josh Boak, Emily Swanson, Associated Press More U.S. adults are now feeling financially vulnerable amid high inflation. That's a political risk for President Joe Biden and fellow Democrats a month before the midterm elections. Continue reading
Oct 12 Here are this year’s 2022 MacArthur ‘genius grant’ recipients By Thalia Beaty, Associated Press A specialist in plastic waste management, artists, musicians, computer scientists, and a poet-ornithologist who advocates for Black people in nature are among the 25 winners of the MacArthur Foundation's prestigious fellowship this year. Continue reading
Oct 11 Watch 7:02 News Wrap: Biden reevaluating relations with Saudi Arabia after oil production cut In our news wrap Tuesday, the White House confirmed President Biden is reevaluating relations with Saudi Arabia after OPEC cut oil production, the Supreme Court heard arguments on requirements that pork sold in California must meet animal cruelty standards regardless… Continue watching
Oct 11 Watch 7:06 The major factors driving up the cost of food By Paul Solman, Diane Lincoln Estes Another report on the pace of inflation in the U.S. is due later this week and there's some hope that it's slowing. But most people have noticed higher prices at the grocery store on everything from dairy to meat to… Continue watching
Oct 11 What will the EV revolution mean for Detroit? By Frances Kai-Hwa Wang Detroit and the global auto industry are on the cusp of a radical transformation. How the city and the industry navigate the electric vehicle revolution will have consequences for Detroit auto workers, car buyers and people across the nation. Continue reading