Oct 14 Powell: Slowdown in U.S. hiring suggests economy still needs rate cuts By Christopher Rugaber, Associated Press Economists said Federal Reserve Chair Jerome Powell's remarks solidified expectations for further rate cuts, starting at its next meeting. Continue reading
Oct 14 What to know about new U.S. tariffs on cabinets, vanities and some wooden furniture By Mae Anderson, Associated Press President Donald Trump cited national security and foreign trade practices as grounds for imposing the tariffs on certain finished wood products and product components. Continue reading
Oct 13 Uncertainty over the economy and tariffs forces many retailers to be cautious on holiday hiring By Anne D'Innocenzio, Associated Press A job placement firm forecasts that hiring for the last three months of the year will likely fall to its lowest level since the 2009 recession, or fewer than 500,000 positions. Continue reading
Oct 10 Watch 11:09 Brooks and Capehart on Trump’s focus on reaching the Gaza peace deal By Geoff Bennett, Ian Couzens New York Times columnist David Brooks and Jonathan Capehart of MSNBC join Geoff Bennett to discuss the week in politics, including President Trump celebrating the Gaza peace deal while targeting political enemies at home and the government shutdown entering its… Continue watching
Oct 10 Wall Street tumbles in its worst day since April after Trump threatens more tariffs on China By Seung Min Kim, Associated Press A monthslong calm on Wall Street shattered Friday, and U.S. stocks tumbled after President Donald Trump threatened to crank tariffs much higher on China. Continue reading
Oct 10 WATCH: Nobel economics prize goes to 3 researchers for explaining innovation-driven economic growth By Kostya Manenkov, Christopher Rugaber, Mike Corder, David McHugh, Associated Press Three researchers who probed the process of business innovation won the Nobel memorial prize in economics Monday for explaining how new products and inventions promote economic growth and human welfare, even as they leave older companies in the dust. Continue reading
Oct 10 Trump threatens more tariffs after China restricts key exports By Josh Boak, Didi Tang, Associated Press President Donald Trump said Friday that “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea and threatened additional tariffs after China restricted exports of rare earths needed… Continue reading
Oct 10 ‘RIFs have begun.’ Vought announces start of mass firings during government shutdown By Seung Min Kim, Stephen Groves, Associated Press The White House budget office said Friday that mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers in the ongoing government shutdown. Continue reading
Oct 09 U.S. opens Tesla probe after more crashes involving its so-called full self-driving technology By Associated Press The National Highway Traffic Safety Administration said in a filing dated Tuesday that it has 58 incident reports of Tesla vehicles violating traffic safety laws while operating in full self-driving mode. Continue reading
Oct 08 WATCH: ‘Do your damn job,’ federal worker union leaders tell Congress mired in shutdown By Associated Press Union leaders criticized both parties in Congress but also targeted President Donald Trump, accusing him of using federal workers as “political pawns” after warnings Tuesday that back pay is not guaranteed. Continue reading