Jan 21 WATCH: Trump holds first news conference, announcing major AI investment By Josh Boak, Zeke Miller, Associated Press President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. Continue reading
Jan 16 WATCH: Scott Bessent testifies at Senate confirmation hearing for treasury secretary By Fatima Hussein, Associated Press U.S. Treasury nominee Scott Bessent on Thursday faced sharp questions from both Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the future of an IRS tax filing system that Republicans have called to be cut. Continue reading
Jan 11 WATCH: Biden says he's leaving economy 'stronger than ever' for Americans as his term nears end By Associated Press President Joe Biden lauded his administration’s record on the economy after the labor department reported Friday a surge in job growth and decline in unemployment last month. Continue reading
Jan 08 Longshoremen reach tentative deal with ports and shippers, averting potential strike By Paul Wiseman, Associated Press The International Longshoremen's Association union and the U.S. Maritime Alliance of ports and shipping companies said they had reached a tentative agreement for a six-year contract, a week ahead of a Jan. 15 deadline. Continue reading
Jan 06 McDonald's joins other companies in rolling back diversity goals By Dee-Ann Durbin, Associated Press McDonald's said Monday that it planned to retire specific goals for achieving diversity at senior leadership levels. Continue reading
Jan 02 Tesla sales dropped 1.1 percent in 2024, in first annual decline since 2011 By Tom Krisher, Bernard Condon, Associated Press Tesla posted its first annual sales drop in more than a dozen years Thursday, sinking a stock that has soared since Donald Trump’s victory on optimism Elon Musk’s close relationship to the president-elect will help the company. Continue reading
Dec 31 Analysis: How will inflation, interest rates and the U.S. consumer fare in 2025? By D. Brian Blank, Brandy Hadley, The Conversation Two finance scholars share key questions and risks they’re watching as we ring in the new year. Continue reading
Dec 30 Watch 6:49 Social media trend encourages young people to buy less and reconsider their consumption By Paul Solman, Layla Quran Last-minute sales, limited-time offers and half-off deals can be hard to resist for some holiday shoppers. This season, Americans were projected to spend seven percent more than 2023. But a social media trend is urging eager consumers to hit pause… Continue watching
Dec 30 The retail trends, winners and losers of 2024 By Anne D'Innocenzio, Dee-Ann Durbin, Associated Press Value was in vogue in 2024. Shoppers and restaurant patrons in the U.S. were choosy about where and how to spend their money as they wrestled with high housing and food prices. Continue reading
Dec 26 How the stock market defied expectations in 2024, by the numbers By Associated Press U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. Continue reading