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
Nov 30 Trump threatens 100 percent tariff on BRICS nations if they try to undermine U.S. dollar By Fatima Hussein, Associated Press His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. Continue reading
Nov 30 Trudeau flies to Florida to meet with Trump in response to threat of tariffs on Canadian exports By Rob Gillies, Fatima Hussein, Associated Press Canadian Prime Minister Justin Trudeau flew to Florida on Friday to have dinner with President-elect Donald Trump at his Mar-a-Lago club after Trump threatened to impose sweeping tariffs on Canadian products. Continue reading
Nov 29 Trump has called for U.S. ‘energy dominance’ but is likely to hit real-world limits By Matthew Daly, Associated Press Donald Trump is creating a National Energy Council that he says will establish U.S. "energy dominance" around the world, but the president-elect's energy wishes are likely to run into real-world limits. Continue reading