Oct 18 Driving retail spending, wealthier Americans are powering U.S. economy By Christopher Rugaber, Associated Press One key reason is a relatively simple one: Wealthier consumers, boosted by strong gains in income, home equity and stock market wealth, have increasingly driven the spending. Continue reading
Oct 16 FTC adopts ‘click-to-cancel’ rule making it easier to get rid of unwanted subscriptions By Haleluya Hadero, Associated Press The rule will prohibit retailers and other businesses from misleading people about subscriptions and require them to obtain consumers’ consent before charging for memberships, auto-renewals and programs linked to free trial offers. Continue reading
Oct 15 The basics of navigating the insurance claims process after a destructive hurricane By Sally Ho, Mae Anderson, Associated Press Immediately after disasters like these, property insurance is likely not top of mind as people secure their safety and basic needs, but insurance claims are part of the process of resetting. Continue reading
Oct 14 Lilly Ledbetter, fighter for equal pay, dies at 86 By Alexandra Olson, Associated Press Ledbetter was a former Alabama factory manager whose lawsuit against her employer made her an icon of the equal pay movement and led to landmark wage discrimination legislation named in her honor. Continue reading
Oct 14 Most Asian Americans and Pacific Islanders think legal immigration gives U.S. a major economic boost, AP-NORC poll finds By Terry Tang, Linley Sanders, Associated Press According to a new poll, Asian American, Native Hawaiian and Pacific Islander adults are more likely than the overall U.S. population to view legal immigration as an asset to the country's economy and workforce. Continue reading
Oct 14 WATCH: Bill Clinton rallies for Harris at Georgia campaign event By Charlotte Kramon, Associated Press Former President Bill Clinton on Monday made a campaign stop in Georgia, urging voters to back Vice President Kamala Harris on Election Day. Continue reading
Oct 12 Watch 5:44 How first-generation Latino Americans are trying to close the wealth gap By John Yang, Veronica Vela Total U.S. household wealth has trended upward over the last 15 years or so, but there is still great inequality along racial lines. According to federal data, the typical white family has almost five times the wealth of the typical… Continue watching
Oct 12 Despite Trump’s claims, data shows migrants aren’t taking jobs from Black or Hispanic people By Fatima Hussein, Associated Press Trump, who often uses anti-immigrant rhetoric, has referred during his campaign to immigrants he says are taking “Black jobs” and “Hispanic jobs.” But government data show immigrant labor contributes to economic growth and provides promotional opportunities for native-born workers. Continue reading
Oct 10 Social Security recipients to get smaller 2.5% benefits boost in 2025 By Fatima Hussein, Associated Press Millions of retirees who receive Social Security benefits will see a 2.5 percent cost-of-living increase to their monthly checks beginning in January. Continue reading
Oct 10 U.S. inflation drops to lowest point in 3 years at 2.4 percent, some price pressures remain By Christopher Rugaber, Associated Press Consumer prices rose just 2.4% in September from a year earlier, down from 2.5% in August and the smallest annual rise since February 2021. Continue reading