Jun 10 Watch 6:41 As Iran war drags on, spiking energy prices send inflation to 3-year high By Geoff Bennett, Jackson Hudgins Spiking energy prices sent inflation to a three-year high in May, up 4.2% annually. The Labor Department said the cost of energy was responsible for over 60% of the increase. Core inflation, which strips out volatile food and energy prices,… Continue watching
Jun 10 WATCH: Trump says he's 'not looking to renew' U.S. trade deal with Canada and Mexico By Associated Press Without a commitment by July 1, the trade deal would face annual reviews of its status and possibly expire in 2036. Continue reading
Jun 10 Inflation rises to a 3-year high on spiking gas prices, highlighting affordability challenges By Christopher Rugaber, Associated Press Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near. Continue reading
Jun 09 Social Security's retirement trust fund faces a projected funding shortfall in 2032, a year earlier than expected By Fatima Hussein, Associated Press Medicare's hospital insurance trust fund will be unable to pay full benefits in 2033, unchanged from last year's estimate. Continue reading
Jun 08 Apple unveils new AI features with privacy focus at last developers conference with CEO Tim Cook By Barbara Ortutay, Associated Press While the iconic iPhone maker has been playing catch-up with rivals when it comes to AI, it sought to distinguish itself from its peers by stressing a privacy-centered approach and integrating AI across its devices and apps. Continue reading
Jun 06 U.S. mortgage rates are staying high – and the Federal Reserve can do little about it By Michael J. Highfield, The Conversation Investors’ inflation expectations, much more than the central bank, are among the factors that affect the cost of home loans. Continue reading
Jun 05 Watch 6:43 Why hiring surged in May despite economic strain from the Iran war By Amna Nawaz, Diane Lincoln Estes, Jackson Hudgins There was surprising strength in the latest U.S. jobs report. Employers added 172,000 jobs in May, the third straight month of job gains. Overall, the labor market appears strong despite concerns about the Iran war, rising prices and artificial intelligence. Continue watching
Jun 05 Watch 4:55 What may happen as oil supplies dwindle and Strait of Hormuz remains mostly closed By Geoff Bennett, Zeba Warsi As U.S.-Iran talks show little sign of progress, commercial traffic through the Strait of Hormuz remains sharply reduced, raising concerns about global energy markets and supply chains. Geoff Bennett speaks with energy analyst Daniel Yergin, vice chairman of S&P Global,… Continue watching
Jun 05 WATCH: Trump holds roundtable with farmers in Wisconsin By Associated Press “We love the farmers, we love everything about your state,” President Donald Trump told his audience at a rally being held in a barn in Chippewa Falls, Wisconsin, on Friday. Continue reading
Jun 05 U.S. job market is strong, but many Americans still frustrated by prospects and rising prices By Paul Wiseman, Anne D'Innocenzio, Associated Press With just five months to go before consequential midterm elections in the U.S., Americans have grown increasingly frustrated by rising costs, and it’s unclear if the strong job numbers this year will change their gloomy view of the economy. Continue reading