May 18 Summer travelers who relied on Spirit Airlines may struggle to find affordable alternatives By Rio Yamat, Associated Press The developments illustrate how difficult it's gotten for low-cost airlines to operate while squeezed by jet fuel prices, changing consumer preferences and competition. Continue reading
May 16 Trump returns to the U.S. from China with pressure over rising inflation By Josh Boak, Associated Press WASHINGTON (AP) — President Donald Trump returned from the spectacle of a Chinese state visit to a less than welcoming U.S. economy — with the military band and garden tour in Beijing giving way to pressure over how to fix… Continue reading
May 16 Walmart and Amazon compete for rural America with faster deliveries By Anne D'Innocenzio, Associated Press Analysts at investment bank Morgan Stanley estimate the underserved market could be worth up to $1 trillion in annual sales. Continue reading
May 15 Takeaways from Fed chair Jerome Powell's legacy By Chris Rugaber, Associated Press Federal Reserve Chair, Jerome Powell is stepping down after eight years. Here are key takeaways from his tenure. Continue reading
May 15 Starbucks to lay off 300 US corporate workers and close regional offices By Dee-Ann Durbin, Associated Press Starbucks said Friday it’s laying off 300 corporate employees and closing some U.S. offices as part of its ongoing turnaround. Continue reading
May 14 Retail sales growth slowed in April as Iran war fuels higher gas prices By Anne D'Innocenzio Retail sales rose 0.5% in April, a slowdown from the revised growth level of 1.6% in March, according to Commerce Department data released Thursday. March marked the largest one-month increase in retail spending in more than three years, largely because… Continue reading
May 13 Tax cuts collide with inflation as voters weigh Trump's economy in the midterms By Bill Barrow, Associated Press Although President Donald Trump has tried to put more money in middle-class pockets with tax cuts, the benefits are being eroded as prices keep rising, especially during the war with Iran. The latest numbers, released Tuesday, showed the rate of… Continue reading
May 13 U.S. grocery prices rose in April, but gas spikes weren't the only reason By Dee-Ann Durbin, Associated Press Americans paid more for their groceries last month, but high gasoline prices resulting from the Iran war were only one of the reasons why. Continue reading
May 13 Producer prices shot up 6%, adding pressure on companies to hike prices for struggling customers By Paul Wiseman, Associated Press U.S. wholesale inflation came in hot last month. Continue reading
May 13 The importance of pomp and protocol as Trump goes to China By Didi Tang, Associated Press From the moment President Donald Trump lands in Beijing on Wednesday, all eyes will be on how much of a spectacle the Chinese government rolls out, such as who lines up to greet him, what music is played and whether… Continue reading