Sep 18 Wall Street ticks slightly higher ahead of presumed Fed interest rate cut By Yuri Kageyama, Matt Ott, Associated Press Wall Street ticked slightly higher as markets awaited an expected interest rate cut by the U.S. Federal Reserve, the first in more than four years. Continue reading
Sep 16 LISTEN: Court hears arguments in TikTok’s challenge to law forcing sale or ban of social media app By Haleluya Hadero, Associated Press TikTok faced off with the U.S. government in federal court on Monday, arguing a law that could ban the platform in a few short months was unconstitutional while the Justice Department said the measure is critical to eliminate a national… Continue reading
Sep 13 Boeing factory workers go on strike after overwhelming vote to reject contract offer By David Koenig, Manuel Valdes, Lindsey Wasson, Associated Press The strike started at 12:01 a.m. PDT Friday, less than three hours after the union announced 96% of voting workers rejected the proposed contract and 96% approved the work stoppage. Continue reading
Sep 11 U.S. inflation just hit a 3-year low, easing the way for interest rate cut By Christopher S. Rugaber, Associated Press For months, cooling inflation has provided gradual relief to America’s consumers, who were stung by the price surges that erupted three years ago. Continue reading
Sep 10 WATCH: Trump claims Biden-Harris ‘destroyed the economy’ By Vivian Hoang Asked whether he believes Americans can afford the higher prices that come with his proposed tariffs of up to 20 percent on imported goods, former President Donald Trump responded that China and other foreign countries would have higher prices, not… Continue reading
Sep 10 Inflation-adjusted incomes hit pre-pandemic levels in 2023, offsetting some inflation pressure By Christopher Rugaber, Associated Press The proportion of Americans living in poverty also fell slightly last year, to 11.1 percent, from 11.5 percent in 2022. Continue reading
Sep 06 WATCH: IRS has recovered $1.3 billion in unpaid taxes from wealthy tax dodgers, Yellen says By Fatima Hussein, Associated Press Treasury Secretary Janet Yellen and IRS Commissioner Danny Werfel traveled to Austin, Texas, to tour an IRS campus and announce the latest milestone in tax collections as Republicans warn of big future budget cuts for the tax agency if they… Continue reading
Sep 06 U.S. hiring rebounded slightly last month, showing cooling but steady job market By Christopher Rugaber, Associated Press Collectively, Friday's figures depict a job market slowing under the pressure of high interest rates but still growing. Continue reading
Sep 04 Killing taxes on tips sounds good, but experts say it doesn’t solve the real problem By Hannah Grabenstein No taxes on tips sounds good. Experts say the effects would range from hardly life-changing to potentially harmful. Continue reading
Sep 04 Labor report paints mixed picture, showing U.S. job openings fell in July while hiring rose By Christopher Rugaber, Associated Press Wednesday's figures indicate that fewer companies are seeking to add workers despite recent data showing that consumer spending is still growing. Continue reading