Aug 01 Watch 4:29 Ukraine resumes grain shipments amid global food shortages By Volodymyr Solohub, Zeba Warsi A cargo ship carrying Ukrainian grain set sail from Odesa for the first time since Russia's invasion more than five months ago. It followed last month's agreement with the United Nations and Turkey to allow shipments through the Black Sea,… Continue watching
Jul 29 Watch 5:39 Manufacturers use ‘shrinkflation’ to pass costs on to consumers By Paul Solman, Diane Lincoln Estes With inflation at a 40-year high in the U.S., we are all spending more when we go to the store. But there is another dimension of inflation these days called "shrinkflation." Economics correspondent Paul Solman explains. Continue watching
Jul 29 How to protect your finances amid recession fears By Associated Press Economic uncertainty isn't going away anytime soon. Here are steps you can take now to be ready for whatever is ahead. Continue reading
Jul 28 WATCH: Biden downplays troubling economic report, focuses on measures to tame inflation By Josh Boak, Zeke Miller, Associated Press Republicans say Thursday's report showing the economy shrank for the second consecutive quarter is evidence of a "Biden recession." Biden pointed to near-record-low unemployment and signs of continued business investment in the economy. Continue reading
Jul 28 1st Trader Joe’s union approved in Massachusetts By Mark Pratt, Associated Press Employees at a Trader Joe's supermarket in Massachusetts on Thursday became the latest workers at a major company to approve a labor union. The store in Hadley is the first Trader Joe's with an employees union. Continue reading
Jul 28 Watch 9:19 Senate agreement on climate change, health care revives Biden’s legislative agenda Senate Democrats are lauding a deal on a spending package to reduce the deficit, lower health care costs, raise corporate taxes and combat climate change. It's a stunning development after more than a year of negotiations had failed to win… Continue watching
Jul 28 Watch 9:02 U.S. economy shrank for the second straight quarter, stoking fears of a recession New data out Thursday shows the U.S. economy shrank for the second straight quarter, raising concerns that the nation might be nearing, if not already in, a recession. The White House pushed back against that idea, pointing to strong job… Continue watching
Jul 28 Watch 4:16 News Wrap: House Democrats back bill to boost U.S. semiconductor industry In our news wrap Thursday, House Democrats back $280 billion bill to bolster the U.S. semiconductor industry, parts of Appalachia faced flash flooding after days of rain, the Pacific Northwest heat wave persists, Russian said there no agreement yet on… Continue watching
Jul 28 How to know when a recession has begun By Christopher Rugaber, Associated Press The U.S. economy has contracted for two straight quarters, intensifying fears that it is on the cusp of a recession, if not already in one, barely two years after the pandemic downturn officially ended. Continue reading
Jul 28 WATCH: Treasury Secretary Janet Yellen says ‘our economy remains resilient’ despite recession worries By Associated Press Treasury Secretary Janet Yellen says "our economy remains resilient" despite rising inflation and the worry about a recession. This comes as the U.S. economy shrank from April through June for a second straight quarter. Continue reading