Aug 12 Inflation cooled last month as gas prices fell, though costs remain elevated By Christopher Rugaber, Associated Press The modest decline could ease pressure on the Federal Reserve to raise their key interest rate to combat rising costs. Yet prices are still rising more quickly than average wages, underscoring the struggle many Americans have had with more expensive… Continue reading
Aug 11 Watch 7:09 Credit card debt surges in U.S. as high interest rates make it harder to pay off By Paul Solman, Ryan Connelly Holmes Americans owe more than a trillion dollars in credit card debt, up 60% from just five years ago. Meanwhile, higher interest rates make debt even more difficult to pay off, a downward spiral causing credit card delinquencies to surge. Economics… Continue watching
Aug 11 U.S. stocks edge further from their records as oil prices keep swinging By Stan Choe, Associated Press U.S. stocks slipped a bit further from their records Tuesday, while oil prices kept swinging on uncertainty about when the war with Iran will allow crude to flow freely again. Continue reading
Aug 11 U.S. existing homes fall 1.7% in July as record prices, high mortgage rates stifle would be-buyers By Matt Ott, Associated Press Sales of previously occupied U.S. homes slowed again in July as record prices and the highest mortgage rates in a year prove to be an insurmountable hurdle for many prospective homebuyers. Continue reading
Aug 10 Watch 6:42 What Meta's new open-source AI model means for the future of artificial intelligence By William Brangham, Azhar Merchant Meta, the company behind Facebook and Instagram, has released a free artificial intelligence tool. The release was accompanied by a 14-page essay from CEO Mark Zuckerberg championing his view of how AI could transform our world and what protections are… Continue watching
Aug 09 Watchdog for $46 billion tribal gambling industry can't enforce the law without a chairperson By Savannah Peters, Associated Press Tribal gambling brought in a record $46 billion in 2025, nearly triple the annual casino revenue of gambling powerhouse Nevada. Continue reading
Aug 07 Watch 5:30 What the July jobs report reveals about the strength of the economy By Amna Nawaz, Andrew Merlis New labor data shows the U.S. economy lost 23,000 jobs in July, when economists had predicted modest growth. Revised numbers for May and June also show 103,000 fewer jobs created than originally reported. The unemployment rate ticked down, from 4.2%… Continue watching
Aug 07 U.S. employers unexpectedly cut 23,000 jobs amid strain from the Iran war, unemployment dips to 4.1% By Paul Wiseman, Associated Press U.S. employers unexpectedly cut 23,000 jobs last month, and Labor Department revisions shaved 103,000 jobs off payrolls in May and June. The unemployment rate dipped to 4.1% only because Americans left the job market. Continue reading
Aug 05 Trump says deal to reopen the Strait of Hormuz could come as early as Wednesday By Elena Becatoros, Samy Magdy, Darlene Superville, Associated Press Iran and Oman inched toward an agreement on the critical waterway that could ease pressure on the global economy and potentially help bring an end to the war. Continue reading
Jul 31 Major oil companies reap massive profits as U.S. and Iran fighting drives energy prices higher By Cathy Bussewitz, Associated Press American oil and gas giants raked in massive spring profits while fighting between Iran and the U.S. impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages. Continue reading