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
Oct 08 Disaster loan program for small businesses could run out of funds in weeks if Congress doesn’t act By Mae Anderson, Associated Press President Joe Biden said in a letter to Congress Friday that aid could run out “in a matter of weeks ” if more federal funding is not approved. And now another hurricane, Milton, is bearing down on Florida,… Continue reading
Oct 04 Watch 6:18 After strong jobs report, Treasury official discusses what it says about wider economy By Amna Nawaz The Labor Department issued one of the last jobs reports before the presidential election, and the numbers are strong. It shows 254,000 jobs were added in September, beating expectations. Overall, the report paints a picture of a robust American economy… Continue watching
Oct 03 Dockworkers’ union suspends strike until Jan. 15 to allow time for new contract negotiations By Tom Krisher, Associated Press The union representing 45,000 striking U.S. dockworkers at East and Gulf coast ports has reached a deal to suspend a three-day strike until Jan. 15 to provide time to negotiate a new contract. Continue reading
Oct 03 7 things to know about the U.S. dockworkers strike and its effect on the economy By Mae Anderson, Associated Press With the strike being suspended, consumers probably won’t notice any significant shortages or price hikes. Had the stoppage persisted for more than a month, it would have been a different story, depending on what you were shopping for. Continue reading
Oct 01 What you need to know about the grace period for student loan payments that just ended By Adriana Morga, Associated Press The 12-month grace period for student loan borrowers ended on Sept. 30. Continue reading
Sep 30 Talks make progress between Eastern and Gulf ports and dockworkers as strike looms By Tom Krisher, Wyatte Grantham-Philips, Associated Press The union for 45,000 dockworkers and the group representing the ports have exchanged wage offers, leaving a ray of hope that a deal can be reached without a major work stoppage. Continue reading