Oct 30 U.S. economy grew at a solid 2.8 percent pace last quarter with consumers driving growth By Paul Wiseman, Associated Press The gross domestic product — the economy’s total output of goods and services — did slow slightly from its 3% growth rate in the April-June quarter. Continue reading
Oct 30 Why the last jobs report before the election will be one of the most distorted in years By Christopher Rugaber, Associated Press Just as voters, politicians and Federal Reserve officials are looking for a clear read on the economy, they instead will get a muddied one. Continue reading
Oct 29 Watch 5:58 Examining how economic plans from Trump and Harris could affect inflation By Geoff Bennett, Azhar Merchant The economy and concerns around costs remain the top issue for many voters. Both candidates want to extend tax cuts, but they also have some big differences. Donald Trump wants to impose broad tariffs and deport undocumented workers, Kamala Harris… Continue watching
Oct 28 WATCH: Harris tells Michigan semiconductor factory workers they are ‘a source of my optimism’ By Josh Boak, Associated Press Kamala Harris on Monday emphasized how government funding for computer chip manufacturers could create factory jobs in the electoral battleground of Michigan, days after Donald Trump criticized the bipartisan 2022 law that provides the money and said he would rather… Continue reading
Oct 25 Trump allies hope a win means changes to the mortgage system. Opponents warn it will cost consumers By R.J. Rico, Associated Press If Donald Trump wins the presidential election, Republicans hope he will fulfill a longstanding GOP goal of privatizing the mortgage giants Fannie Mae and Freddie Mac. Continue reading
Oct 24 Watch 4:16 Boeing union rejects offer to end strike, complicating CEO’s plan to turn company around By Stephanie Sy, Eliot Barnhart Boeing is no closer to ending a six-week strike after its latest contract offer to workers was rejected by a stunning margin. The results of that vote came just hours after the company announced a huge quarterly loss and acknowledged… Continue watching
Oct 24 Fewer people are applying for new jobless benefits but demand for workers may be waning, new data suggests By Matt Ott, Associated Press The four-week average of continuing claims is only as high as it was this summer, and not terribly concerning yet, analysts say. Continue reading
Oct 21 Most voters think the economy is poor and are split on whether Trump or Harris can fix it, polls finds By Steve Peoples, Linley Sanders, Associated Press Voters remain largely divided over whether they prefer Republican Donald Trump or Democrat Kamala Harris to handle key economic issues, although Harris earns slightly better marks on elements such as taxes for the middle class. Continue reading
Oct 21 Should the minimum wage be lower for workers who get tipped? Two states will decide By Kavish Harjai, Associated Press/Report for America Voters in Arizona and Massachusetts are set to decide whether employers should be able to continue to pay tipped workers such as servers and bartenders a lower minimum wage than non-tipped workers. Continue reading
Oct 20 Watch 6:43 How the economic toll of major storms reaches far beyond their direct paths By John Yang, Veronica Vela, Andrew Corkery, Satvi Sunkara, Andrew Chambers Massive storms like Helene and Milton can devastate the people and properties that take direct hits, causing billions of dollars in damages. But the economic effects of these events can be felt thousands of miles away and for many months… Continue watching