Aug 06 WATCH: Pelosi praises July jobs report By Associated Press Speaker of the House Nancy Pelosi is praising July's encouraging job report, crediting Democrats in the White House and Congress for building back the economy after losses due to the effects of the COVID-19 pandemic. Continue reading
Aug 06 U.S. hiring surges in July, unemployment rate drops to 5.4 percent By Paul Wiseman, Associated Press Hiring surged in July as American employers added 943,000 jobs. The unemployment rate dropped to 5.4 percent as the U.S. economy continues to bounce back with surprising vigor from last year’s coronavirus shutdown. Continue reading
Aug 06 WATCH: Biden speaks on July job gains By Paul Wiseman, Associated Press The unemployment rate dropped to 5.4 percent as the U.S. economy continues to bounce back with surprising vigor from last year’s coronavirus shutdown. Continue reading
Aug 05 Apple to scan U.S. iPhones for images of child abuse By Barbara Ortutay, Frank Bajak, Associated Press Apple is planning to scan U.S. iPhones for images of child abuse, drawing applause from child protection groups but raising concern among some security researchers that the system could be used to surveil citizens. Continue reading
Aug 05 WATCH: Biden seeks to boost fuel economy to thwart Trump rollback By Tom Krisher, Aamer Madhani, Associated Press Declaring the U.S. must “move fast” to win the world's carmaking future, President Joe Biden announced a commitment from the auto industry to produce electric vehicles for as much as half of U.S. sales by the end of the decade. Continue reading
Aug 05 WATCH: Senators struggle to finish the $1 trillion infrastructure bill By Lisa Mascaro, Kevin Freking, Associated Press Nearing decision time, senators were struggling to wrap up work on the bipartisan infrastructure plan despite hopes to expedite consideration and voting on the nearly $1 trillion proposal. Continue reading
Aug 04 This year's summer of climate extremes hits wealthier places By Seth Borenstein, Frank Jordans, Associated Press The founder of a disaster database maintained at a Belgian University says, "It is not only a poor country problem, it's now very obviously a rich country problem."… Continue reading
Aug 04 Watch 8:16 As housing costs boom, how home-buyers in one city search for affordability By Paul Solman As the U.S. grapples with the coronavirus, housing costs are skyrocketing. According to the latest S&P Core Logic Case-Shiller index, home prices were up almost 17 percent over the last year -- and in many places, the jump was worse. Continue watching
Aug 04 Watch 10:18 Why keeping delta variant in check is so important to our economy As the economy tries to regain ground lost during the pandemic, and the delta variant threatens its progress, the nation’s top economists are watching a number of measures of recovery -- from housing costs and ownership rates, to jobs, interest… Continue watching
Aug 04 AP EXPLAINER: Will new CDC moratorium keep tenants housed? By Michael Casey, Associated Press After a federal eviction moratorium was allowed to lapse this weekend, the Centers for Disease Control and Prevention issued a new moratorium Tuesday on evictions that would last until Oct. 3. Continue reading