Jan 06 Watch 5:16 'Near-term pain' from shutdown: No paychecks on Friday Thousands of furloughed government workers will not get their paychecks on Friday, a consequence of the partial government shutdown that has moved into its third week without signs of compromise. And if the standoff continues into February, millions who rely… Continue watching
Jan 04 Watch 5:28 December job creation, wage growth provide a burst of good economic news More than 300,000 jobs were created in December, doubling what was expected and signaling that the U.S. economy remains stable despite the recent market volatility and political tensions. In addition, wage growth was the highest it’s been in a decade. Continue watching
Jan 04 What will happen to the economy in 2019? Watch these 7 factors By Gretchen Frazee, Maea Lenei Buhre The final jobs report of 2018 released Friday, boasting 312,000 jobs added in December, puts the U.S. economy on track for another relatively strong showing in 2019, with economists predicting a slowdown coming toward the end of the year. Continue reading
Jan 04 312,000 jobs added in December offer dose of economic reassurance By Josh Boak, Associated Press It was an encouraging display of strength for an economy in the midst of a trade war, slowing global growth and a partial shutdown of the federal government. Continue reading
Jan 04 Jerome Powell says he wouldn't resign if Trump requested it By Associated Press Powell's comments, made during a panel discussion in Atlanta, were immediately cheered by financial markets, which were already rallying on the basis of a strong unemployment report that showed 312,000 jobs were created in December. Continue reading
Jan 03 Watch 2:58 Why a 'veil of uncertainty' is causing global market volatility Global markets dropped after Apple CEO Tim Cook announced unforeseen sales declines for iPhones in China. Why is the Chinese economy so important to American business, and what's at the root of global market volatility? Diane Swonk, chief economist with… Continue watching
Jan 03 Watch 9:25 Could socialist policies give American women better lives? By Paul Solman Socialism is becoming increasingly appealing among young Americans who value universal health care, free public college and living wages. In her new book, “Why Women Have Better Sex Under Socialism,” Kristen Ghodsee argues that implementing socialist concepts would make women’s… Continue watching
Jan 03 Stocks take a beating after Apple reports iPhone sales slip By Marley Jay, Associated Press The rare warning of disappointing results from Apple stoked investors' fears that the world's second-biggest economy is losing steam and that trade tensions between Washington and Beijing are making things worse. The Dow Jones Industrial Average plunged 660 points. Continue reading
Jan 03 Read an excerpt from 'Why Women Have Better Sex Under Socialism' By Gretchen Frazee "When women enjoy their own sources of income, and the state guarantees social security in old age, illness, and disability, women have no economic reason to stay in abusive, unfulfilling, or otherwise unhealthy relationships," writes Kristen Ghodsee. Continue reading
Jan 02 What does 2019 bring for Medicare and Social Security? By Philip Moeller Your guide to all the income caps, benefit payments and penalties that are changing for both Medicare and Social Security this year. Continue reading