Mar 28 S&P 500 drops 2 percent amid worries about slower economy, higher inflation By Stan Choe, Associated Press Another wipeout is slamming Wall Street Friday as worries build about a potentially toxic mix of worsening inflation and a U.S. economy slowing because of households afraid to spend due to the global trade war. Continue reading
Mar 27 U.S. economy grew 2.4 percent in 4th quarter of 2024 after upgrade in growth estimate By Paul Wiseman, Associated Press It’s unclear whether the United States can sustain that growth as President Donald Trump wages trade wars, purges the federal workforce and promises mass deportations of immigrants working in the country illegally. Continue reading
Mar 27 Europe criticizes Trump auto tariffs, warning of economic threat to both continents By David McHugh, Lorne Cook, Aamer Madhani, Danica Kirka, Associated Press The auto tariffs will be felt sharply in Europe, for whom the U.S. is the biggest export market for an industry that supports nearly 14 million jobs. Continue reading
Mar 25 U.S. consumer confidence tumbles for the 4th straight month amid tariff and inflation concerns By Matt Ott, Associated Press The Conference Board's report Tuesday said that the measure of Americans' short-term expectations for income, business and the job market fell 9.6 points to 65.2 - the lowest reading in 12 years. Continue reading
Mar 20 Watch 7:02 A look at the real reasons behind soaring egg prices By Paul Solman, Diane Lincoln Estes Egg prices have soared to new records over the last couple of months. The wholesale price for a dozen white eggs climbed to over $8 in February. Since then, that price has dropped but the prices consumers pay at the… Continue watching
Mar 17 Tariffs on lumber, appliances set stage for higher costs on new homes and remodeling projects By Alex Veiga, Mae Anderson, Associated Press The Trump administration’s tariffs on imported goods from Canada, Mexico and China — some already in place, others set to take effect in a few weeks — are already driving up the cost of building materials used in new residential… Continue reading
Mar 17 Tariff threats, spending cuts put Federal Reserve in tough spot as it meets this week By Christopher Rugaber, Associated Press Ongoing tariff threats as well as sharp cuts to government spending and jobs have tanked consumer and business confidence, which could weigh on the economy and even push up unemployment. Continue reading
Mar 17 U.S. shoppers mildly increased spending in February as anxiety over the economy rises By Christopher Rugaber, Anne D'Innocenzio, Associated Press US shoppers stepped up their spending a just bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount. Continue reading
Mar 14 Watch 6:37 News Wrap: Senate advances GOP plan to fund government through September In our news wrap Friday, the Senate advanced a bill by the GOP-led House that would fund the government through the end of September, the FAA announced permanent restrictions on non-essential helicopter flights around Washington's National Airport and the Trump… Continue watching
Mar 13 Watch 4:01 Why Trump and Musk want to audit gold reserves at Fort Knox By Deema Zein, Paul Solman President Trump and Elon Musk have cast doubt on whether the U.S. gold reserves stored at Fort Knox still exist. Treasury Secretary Scott Bessent insists the gold is safe. The conversation led our digital anchor Deema Zein to dig deeper… Continue watching