Feb 25 Key inflation gauge hit 6.1 percent in January, highest since 1982 By Christopher Rugaber, Associated Press An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1 percent in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia's invasion of Ukraine. Continue reading
Feb 24 What steps the U.S. has taken against Russia for the invasion of Ukraine By Ellen Knickmeyer, Associated Press The U.S. sanctions and penalties announced so far appear to spare Putin himself from sanctions, and forgo an option long-cited as one of the toughest possible — banning Russia from the SWIFT financial system that moves money around the world. Continue reading
Feb 24 UK's Johnson orders asset freeze for all Russian banks By Associated Press Britain will also ban the export of a wide range of high-tech products, including semiconductors, to Russia and bar the nation’s flagship airline, Aeroflot, from landing at U.K. airports. Continue reading
Feb 24 Putin warns that the West shouldn't 'push' Russia out of the global economy By Associated Press Speaking at a Kremlin meeting with businesspeople Thursday, President Vladimir Putin said “Russia remains part of the global economy and isn’t going to hurt the system that it is part of as long as it remains there.”… Continue reading
Feb 24 Here's how Russia's invasion of Ukraine could worsen everyday costs in the U.S. By William Hauk, The Conversation Americans may be tempted to view the war in Ukraine as an unfortunate, but far away, crisis. But how much worse inflation could get will depend in part on how far Putin goes, and the severity of sanctions. Continue reading
Feb 24 Russian attack on Ukraine rocks global markets and oil soars By Associated Press Market benchmarks in Europe and Asia fell as much as 5% as traders tried to figure out how large Putin's incursion would be and the scale of Western retaliation. Continue reading
Feb 24 U.S. regulators open probe into unexpected automatic braking on some Hondas By Tom Krisher, Associated Press The National Highway Traffic Safety Administration says it has 278 complaints that the problem can happen in 2017 through 2019 CR-V SUVs and 2018 and 2019 Accord sedans. Continue reading
Feb 24 Small convoy opposing COVID-19 mandates departs from California By Eugene Garcia, Associated Press Truckers demanding an end to coronavirus mandates began a cross-country drive from California to the Washington, D.C., area on Wednesday. Continue reading
Feb 23 Stocks slump, oil surges as Russia begins military action in Ukraine By Associated Press Market benchmarks in Tokyo and Seoul fell 2 percent and Hong Kong and Sydney lost more than 3 percent Thursday. Oil prices jumped nearly $3 per barrel on unease about possible disruption of Russian supplies. Continue reading
Feb 23 Watch 8:54 Why millions of older Americans are retiring early in the wake of the pandemic Among the reasons for the current labor shortage in the U.S. is the exodus of older workers retiring early during the pandemic. Economics correspondent Paul Solman reports. Continue watching