Sep 09 U.S. job market much weaker in 2024 and this year than previously thought, new data shows By Paul Wiseman, Associated Press Employers added 911,000 fewer jobs than originally reported from April 2024 through March, the Labor Department reported Tuesday. Continue reading
Sep 05 Watch 9:36 Chicago Fed president unpacks weak jobs report and what it says about the economy By Amna Nawaz, Karina Cuevas The labor market appears to have stalled this summer, according to the significantly weaker than expected jobs report. Employers added just 22,000 new jobs in August and revisions show the economy lost 13,000 jobs in June, the first net loss… Continue watching
Sep 05 Watch 6:19 How AI infrastructure is driving a sharp rise in electricity bills By Geoff Bennett, Azhar Merchant Electricity bills are climbing nationwide, rising faster than inflation in many places. The explosive growth of AI and the massive data centers behind it are driving demand and straining the grid. To explain how this hits consumers, and what can… Continue watching
Sep 05 Watch 3:45 Does it make sense to keep minting the penny? By Deema Zein, Ian Couzens, Laken Kincaid The penny could soon be a thing of the past. President Trump is pushing to end production of the one-cent coin, citing its rising costs. Each penny costs nearly four cents to make and scrapping it could save taxpayers about… Continue watching
Sep 05 U.S. hiring stalls with just 22,000 jobs added in August By Paul Wiseman, Associated Press The unemployment rate ticked up to 4.3%, also worse than expected and the highest level since 2021. Continue reading
Sep 04 Wall Street inches higher before the bell ahead of critical jobs data release this week By Associated Press Futures for the S&P 500 and Nasdaq each rose 0.2% before the opening bell Thursday, while futures for the Dow Jones Industrial Average were unchanged. Continue reading
Sep 03 Watch 6:57 How the next wave of workers will adapt as artificial intelligence reshapes jobs By Geoff Bennett, Azhar Merchant AI is reshaping the workplace as companies are turning to it as a substitute for hiring, raising questions about the future of the job market. For many, there is uncertainty about the jobs their children will have. Robert Reich, the… Continue watching
Sep 02 Judge orders search shakeup in Google monopoly case By Michael Liedtke, Associated Press U.S. District Judge Amit Mehta stopped short of banning the multi-billion dollar deals that Google has been making for years to lock in its search engine as the default on smartphones, personal computers and other devices. Continue reading
Sep 02 Kraft Heinz will split back into 2 companies a decade after merger By Dee-Ann Durbin, Michelle Chapman, Associated Press Kraft Heinz's net revenue has fallen every year since 2020. Continue reading
Sep 01 1.2 million immigrants are gone from the U.S. workforce under Trump, preliminary data shows By Corey Williams, Associated Press As parades and other events celebrating the contributions of workers in the U.S. are being held for the Labor Day holiday, experts say President Donald Trump’s stepped-up immigration policies are impacting the nation’s labor force. Continue reading