Dec 16 WATCH: Trump addresses SoftBank investment, Ukraine war, polio vaccine and more at Mar-a-Lago news conference By Colleen Long, Jill Colvin, Associated Press Speaking at his first press conference since winning the election, President-elect Donald Trump also threatened legal action against the Biden administration over sales of portions of border wall, saying he has spoken to Texas Attorney General Ken Paxton and other… Continue reading
Dec 16 Japan's SoftBank plans to invest $100 billion in U.S. projects, Trump says By Colleen Long, Associated Press President-elect Donald Trump joined SoftBank Group CEO Masayoshi Son to announce plans by the Japanese company to invest $100 billion in U.S. projects over the next four years. Continue reading
Dec 16 WATCH: Biden creates national monument honoring Frances Perkins, 1st woman to serve in U.S. Cabinet By Associated Press As labor secretary, Frances Perkins helped President Franklin D. Roosevelt formulate policies behind the 1930s New Deal and create safeguards in the national economy following the Great Depression. Continue reading
Dec 10 Trump names Andrew Ferguson to head the Federal Trade Commission By Christopher Rugaber, Associated Press Ferguson will replace Lina Khan, who became a lightning rod for Wall Street and Silicon Valley by blocking billions of dollars' worth of corporate acquisitions and suing Amazon and Meta while alleging anticompetitive behavior. Continue reading
Dec 10 WATCH: Biden looks back at his economic record in speech at Brookings Institution By News Desk President Joe Biden said Tuesday he was “stupid” not to put his own name on pandemic relief checks in 2021, noting that Donald Trump had done so in 2020 and likely got credit for helping people out through this simple,… Continue reading
Dec 06 Law requiring sale or U.S. ban of TikTok upheld by federal appeals court By Haleluya Hadero, Associated Press The U.S. Court of Appeals for the District of Columbia Circuit denied TikTok's petition to overturn the law — which requires TikTok to break ties with its China-based parent company ByteDance or be banned by mid-January — and rebuffed the… Continue reading
Dec 06 U.S. hiring bounced back in November as employers added 227,000 jobs By Paul Wiseman, Associated Press The November employment report provided the latest evidence that the U.S. job market remains durable even though it has lost significant momentum from the 2021-2023 hiring boom, when the economy was rebounding from the pandemic recession. Continue reading
Dec 04 Watch 7:21 Federal Reserve Bank of San Francisco president on latest efforts to tame inflation By Geoff Bennett The Federal Reserve may cut interest rates later this month as officials weigh inflation and the broader economy. Inflation has been running above the Fed’s targeted rate and other economic indicators have remained strong, leaving some worried progress on reining… Continue watching
Dec 03 Watch 9:28 Bank of America CEO on interest rates, tariffs and Trump's second term By Geoff Bennett The U.S. economy continues to perform well by many measures. Retail spending was up notably around Black Friday, markets are at or near record levels and unemployment remains low. And yet, most Americans have long felt the economy is not… Continue watching
Dec 03 Watch 7:33 Why so many Americans are dissatisfied with the seemingly solid economy By Paul Solman, Diane Lincoln Estes There is a disconnect between seemingly solid economic numbers and the way people feel about this economy. Voters clearly were upset about the cost of living and that helped elect Donald Trump to a second term. Economics correspondent Paul Solman… Continue watching