Dec 10 WATCH: Biden looks back at his economic record in speech at Brookings Institution By News Desk President Joe Biden said Tuesday he was “stupid” not to put his own name on pandemic relief checks in 2021, noting that Donald Trump had done so in 2020 and likely got credit for helping people out through this simple,… Continue reading
Dec 06 Law requiring sale or U.S. ban of TikTok upheld by federal appeals court By Haleluya Hadero, Associated Press The U.S. Court of Appeals for the District of Columbia Circuit denied TikTok's petition to overturn the law — which requires TikTok to break ties with its China-based parent company ByteDance or be banned by mid-January — and rebuffed the… Continue reading
Dec 06 U.S. hiring bounced back in November as employers added 227,000 jobs By Paul Wiseman, Associated Press The November employment report provided the latest evidence that the U.S. job market remains durable even though it has lost significant momentum from the 2021-2023 hiring boom, when the economy was rebounding from the pandemic recession. Continue reading
Dec 04 Watch 7:21 Federal Reserve Bank of San Francisco president on latest efforts to tame inflation By Geoff Bennett The Federal Reserve may cut interest rates later this month as officials weigh inflation and the broader economy. Inflation has been running above the Fed’s targeted rate and other economic indicators have remained strong, leaving some worried progress on reining… Continue watching
Dec 03 Watch 9:28 Bank of America CEO on interest rates, tariffs and Trump’s second term By Geoff Bennett The U.S. economy continues to perform well by many measures. Retail spending was up notably around Black Friday, markets are at or near record levels and unemployment remains low. And yet, most Americans have long felt the economy is not… Continue watching
Dec 03 Watch 7:33 Why so many Americans are dissatisfied with the seemingly solid economy By Paul Solman, Diane Lincoln Estes There is a disconnect between seemingly solid economic numbers and the way people feel about this economy. Voters clearly were upset about the cost of living and that helped elect Donald Trump to a second term. Economics correspondent Paul Solman… Continue watching
Dec 03 U.S. job openings rose in October but hiring slowed, in a mixed picture for the labor market By Christopher Rugaber, Associated Press The increase suggests that job gains could pick up in the coming months, but the latest figure is down significantly from 8.7 million job postings a year ago. Continue reading
Dec 02 Delaware judge reaffirms ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package By Randall Chase, Associated Press The judge on Monday also rejected an equally unprecedented and massive fee request by plaintiff attorneys. Continue reading
Dec 01 Stellantis CEO Carlos Tavares resigns as automaker struggles with declining sales By Wyatte Grantham-Philips, Associated Press The world’s fourth-largest carmaker’s North American operations had been the company’s main source of profits for some time, but struggles piled up this year — with the company citing larger market changes and rising competition. Continue reading
Nov 30 Watch 7:35 Consumers still feel inflation’s squeeze as holiday shopping season begins By John Yang, Andrew Corkery, Veronica Vela The weekend after Thanksgiving is the traditional start of the holiday shopping season, beginning with Black Friday. Some retailers have been offering discounts throughout November in hopes of encouraging shoppers squeezed by inflation to open their wallets. We hear from… Continue watching