Economy

Filter

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,…

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.

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.

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.

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.

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.

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.

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.

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…

Wholesale inflation hits levels not seen since 2022

By Christopher Rugaber, Associated Press

Wholesale inflation rose more than expected last month on a big jump in fuel costs as rising prices become a bigger economic challenge for millions of Americans, and a growing political problem for Republicans in the upcoming midterm elections.