Oct 01 More swings for bond yields rattle financial markets worldwide By Stan Choe, Associated Press High yields slow the economy by making it more expensive for everyone to borrow money, while undercutting prices for stocks and other investments. Continue reading
Sep 30 Watch 5:58 News Wrap: Watchdog finds no criminal activity by Powell related to Fed renovation In our news wrap Wednesday, the Federal Reserve's Inspector General found no criminal activity by former Chair Jerome Powell related to the renovation of the central bank's headquarters, Pete Hegseth announced that the Pentagon will cut the number of its… Continue watching
Sep 30 No criminal wrongdoing in Federal Reserve building renovation, watchdog says, but it was mismanaged By Christopher Rugaber, Associated Press The Federal Reserve’s internal watchdog said Wednesday that the agency has broadly mismanaged an expansive building renovation project but did not find any criminal violations, as alleged by Trump administration prosecutors. Continue reading
Sep 30 U.S. economy grew a solid 2.2% in the second quarter, government says, upgrading previous estimate By Paul Wiseman, Associated Press The U.S. economy has proven surprisingly resilient in the face of fighting with Iran and the energy price spike it caused. Continue reading
Sep 29 Watch 6:37 Self-regulation 'not enough' for AI safety, Gary Marcus says By Geoff Bennett, Karina Cuevas, Genesis Magpayo Top tech executives met with President Trump on Tuesday to discuss the future of artificial intelligence amid growing concerns over AI models losing control. Researchers and lawmakers are calling for stronger safeguards, but Trump said the technology is transforming the… Continue watching
Sep 29 Watch 6:17 News Wrap: Supreme Court allows Trump's deportations to third countries, for now By PBS News Hour In our news wrap Tuesday, the Supreme Court is allowing the Trump administration to continue deporting migrants to countries other than their own for now, federal prosecutors charged a Venezuelan delivery driver who was shot by an ICE officer with… Continue watching
Sep 29 Americans' opinion of economy drops to lowest level since 2014 By Matt Ott, Associated Press Americans’ confidence in the economy sank to the lowest level in more than a decade this month as prices remain elevated and wages stagnate amid the ongoing Iran war. Continue reading
Sep 29 U.S. ban on $1 billion worth of Canadian imports, from motorcycles to booze, goes into effect By Paul Wiseman, Associated Press The ban amounts to barely a ripple in $880 billion worth of annual two-way trade between the two northern neighbors. But it marks another ratcheting up of President Donald Trump’s second-term trade war with America’s longtime ally and trading partner. Continue reading
Sep 28 Watch 6:18 What Trump's rollback of fuel economy standards means for drivers By Amna Nawaz, Courtney Norris, Karina Cuevas The Trump administration is rolling back federal fuel economy standards for new vehicles. The move reverses policies meant to increase fuel efficiency to encourage greater use of electric vehicles. The boost for gasoline-powered vehicles comes as the war in Iran… Continue watching
Sep 28 Watch 6:31 High mortgage rates compound housing affordability challenges By Amna Nawaz, Jackson Hudgins, Molly Mazilu The average rate on a 30-year mortgage is back above 7% for the first time in twenty months. It’s rough news for the housing market and homebuyers already struggling with rising prices elsewhere. It comes as Treasury yields, which impact… Continue watching