Oct 16 Escalating attack, Trump calls the Federal Reserve his ‘biggest threat’ By Martin Crutsinger, Associated Press President Trump said he doesn't speak with Chairman Jerome Powell because of the Fed's political independence but said, "I'm not happy with what he's doing because it's going too fast" in raising rates at a time when inflation has remained… Continue reading
Oct 16 What the CVS-Aetna merger could mean for you By Laura Santhanam The move could make health care more expensive for consumers while delivering higher profits to executives, opponents say. Here is what we know so far about this merger and its potential effect on your health care. Continue reading
Oct 15 Watch 6:33 The fall of a retail icon: why Americans stopped shopping at Sears The once formidable retail giant Sears files for bankruptcy protection. The company, which also owns Kmart, will continue to operate as executives try to reverse a downward spiral exacerbated by e-commerce. John Yang examines the company’s storied legacy and tumultuous… Continue watching
Oct 15 Federal budget deficit surges to highest level in 6 years at $779 billion By Josh Boak, Associated Press The Treasury Department said Monday that the deficit climbed $113 billion from fiscal year 2017. Continue reading
Oct 15 Sears files for Chapter 11 amid plunging sales and massive debt By Anne D'Innocenzio, Associated Press The question now is whether a smaller version of the company that once towered over the American retail landscape can remain viable or whether the iconic brand will be forced out of business. Continue reading
Oct 15 Trump says Saudi king ‘denies any knowledge’ of missing journalist By Hope Yen, Jill Colvin, Associated Press President Donald Trump also said he is dispatching Secretary of State Mike Pompeo to the region. Continue reading
Oct 13 Watch 5:44 This leather substitute is grown in a New Jersey lab By Sam Weber, Connie Kargbo, Christopher Booker Modern Meadow, a New Jersey-based startup, is using biotechnology to produce material that looks and feels similar to leather. The company says that producing this leather-like material, made of lab-grown collagen, carries a lower environmental impact than other means of… Continue watching
Oct 12 Stocks rebound after two days of deep dives By Marley Jay, Associated Press Despite the uptick on Friday, major U.S. indexes still ended the week down about 4 percent, their worst weekly loss in six months. Continue reading
Oct 12 The Social Security benefits bump might not translate into a raise for seniors. Here’s why By Gretchen Frazee What will the change mean for your pocketbook? Economics correspondent Paul Solman and columnist Philip Moeller discuss. Continue reading
Oct 12 Global stocks climb following two days of sharp losses By Marley Jay, Associated Press World stocks are climbing Friday after two days of sharp losses. Major U.S. stock indexes are up more than 1 percent, but they’re still on track for their biggest one-week loss since late March. Technology and internet companies were some… Continue reading