Aug 15 Retail sales rise a solid 0.5% in July from June helped by rebounding auto sales By Associated Press The increases followed two consecutive months of spending declines. Continue reading
Aug 14 Average 30-year U.S. mortgage rate drops to lowest level since October By Alex Veiga, Associated Press The long-term rate fell to 6.58% from 6.63% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.49%. Continue reading
Aug 14 U.S. producer prices surge in July as Trump tariffs push costs higher By Paul Wiseman, Associated Press The Labor Department reported Thursday that its producer price index — which measures inflation before it hits consumers — was up 0.9% last month from June and 3.3% from a year earlier. Continue reading
Aug 13 Watch 5:32 Trump’s AI chip deal sparks legal questions and national security concerns By Amna Nawaz, Karina Cuevas President Trump stunned many in the tech world after announcing a controversial deal with chipmakers Nvidia and AMD, allowing them to sell advanced artificial intelligence chips to China in exchange for giving the U.S. government a 15% cut of their… Continue watching
Aug 13 Air Canada to begin cancelling flights ahead of possible flight attendant strike By Associated Press The union representing around 10,000 Air Canada flight attendants issued a 72-hour strike notice Wednesday. In response, the airline issued a lockout notice. Continue reading
Aug 13 Early education experts see this new Trump rule as ‘the wrong step at the wrong time’ By Laura Santhanam Shutting off federal loans for these students could turn people away from the profession altogether, at a time when teachers are burnt out and leaving classrooms and daycares, early childhood educators and experts told PBS News. Continue reading
Aug 12 Watch 6:07 Tariff-driven inflation accelerating with ‘worst yet to come,’ AEI’s Michael Strain says By Amna Nawaz, Jackson Hudgins New inflation figures showed signs that President Trump’s tariffs are starting to have an impact on consumer prices. Overall inflation held steady, but core inflation, which is closely watched by the Fed and does not include volatile food and energy… Continue watching
Aug 12 WATCH: Asked if Trump administration will continue to release jobs report, Leavitt says ‘I believe that is the plan’ By Associated Press White House press secretary Karoline Leavitt said Tuesday that the government will continue to issue the monthly jobs report, which includes the nation’s unemployment rate, despite comments by an administration’s nominee that suggested suspending it. Continue reading
Aug 12 Why economists are criticizing Trump’s nominee to oversee data on jobs and inflation By Christopher Rugaber, Josh Boak, Associated Press President Donald Trump has selected E.J. Antoni, chief economist at the conservative Heritage Foundation, to be the next commissioner at the Labor Department's Bureau of Labor Statistics. Antoni's nomination was quickly met with a cascade of criticism from other economists. Continue reading
Aug 12 Watch 4:39 How to beat AI-driven custom pricing By Tim McPhillips, Daria Nastasia There are new concerns around how artificial intelligence might be used to set prices for products, such as airfare. It comes after Delta Airlines announced it was using AI to help adjust prices on some of its flights. Tim McPhillips… Continue watching