May 01 Trump says a 'final proposal' to rescue Spirit Airlines is under consideration By Michelle L. Price, Rio Yamat, Associated Press Speaking to reporters before departing the White House for Florida, Trump emphasized that a deal to rescue the financially strapped airline remained under review. The president did not provide details but said an announcement could come as soon as later… Continue reading
May 01 WATCH: Trump says he raised tariffs on autos from EU to 25% By Josh Boak, Associated Press Trump said in a social media post that the EU “is not complying with our fully agreed to Trade Deal,” though he did not flesh out his objections in the post. Continue reading
May 01 What to know about May Day as workers face rising costs due to Iran war By Sylvie Corbet, Associated Press Activists worldwide gathered for May Day rallies and street protests Friday, calling for peace, higher wages and better working conditions as many workers grapple with rising energy costs and shrinking purchasing power tied to the Iran war. Continue reading
May 01 Profit for the biggest U.S. oil companies declined in 1st quarter – but only on paper By Michelle Chapman, Associated Press With energy prices depressed at the start of the year, Exxon Mobil and Chevron had arranged hedges to offset volatility, a standard practice in the industry. Continue reading
Apr 30 Watch 6:01 Rising fuel costs put budget airlines under pressure as Spirit faces bankruptcy By Geoff Bennett, Karina Cuevas, Bridget Craig As the war with Iran sends jet fuel prices soaring, several U.S. budget airlines are asking the federal government for a $2.5 billion lifeline. The appeal comes as Spirit Airlines faces potential bankruptcy and is negotiating separately for a $500… Continue watching
Apr 30 Weekly U.S. jobless claims fall to 189,000, lowest in more than five decades By Matt Ott, Associated Press The number of Americans filing for unemployment benefits tumbled to their lowest level more than 50 years last week despite a number of economic headwinds including the war in Iran. Continue reading
Apr 30 Trump says he's lifting certain tariffs on Scotch whisky after royal visit By Josh Boak, Associated Press “The King and Queen got me to do something that nobody else was able to do, without hardly even asking!” President Donald Trump posted on social media. Continue reading
Apr 30 U.S. economy grew 2% from January-March, but Iran war clouds outlook By Paul Wiseman, Associated Press “This is a split-screen economy.”… Continue reading
Apr 30 Key inflation gauge jumps to highest level in 3 years as Iran war spikes gas prices By Christopher Rugaber, Associated Press A key inflation measure jumped in March as gas prices soared, the latest sign that the Iran war is pushing up the cost of living and delaying any interest rate cuts by the Federal Reserve. Continue reading
Apr 29 Watch 5:26 Powell says he will stay on Fed board after chair term ends, addressing Trump's attacks By Amna Nawaz, Jackson Hudgins The Federal Reserve is transitioning to new leadership. Kevin Warsh, Trump’s pick for Fed chair, was confirmed by a Senate committee today, clearing the way for a full Senate vote. Jerome Powell said he’ll step aside when his term as… Continue watching