Economy

Filter

Americans are refusing to pay high prices. That might deal the final blow to inflation

By Christopher Rugaber, Associated Press

The economy appears to be returning to pre-pandemic norms, when most companies felt they couldn't raise prices much without losing business.

Wall Street unsteady as markets try to recoup losses from eventful week

By Matt Ott, Associated Press

Broadly strong earnings reports have helped buoy the market in a week that began with an anxious sell-off on concerns about the labor market and broader economy.

Stocks bounce back from worst drop in nearly 2 years

By Stan Choe, Associated Press

Calm returned to Wall Street after Japan’s market soared earlier Tuesday to claw back much of the losses from its worst day since 1987.

Wall Street steadies after worst day in nearly 2 years, economic fears and finance structures blamed

By Stan Choe, Associated Press

Several factors have been behind the recent swoon for markets, including fears about a slowing U.S. economy. Some technical reasons may also be accelerating movements for markets worldwide.

Court rules Google's search engine dominance is antitrust violation and illegal

By Matthew Barakat, Michael Liedtke, Associated Press

The highly anticipated decision issued by U.S. District Judge Amit Mehta comes nearly a year after the start of a trial pitting the U.S. Justice Department against Google in the country's biggest antitrust showdown in a quarter century.

Dow drops 1000 points, worst fall since 2022, amid global rout

By Stan Choe, Associated Press

Wall Street fell the most in nearly two years, continuing a global rout in financial markets, as fear worsens that the U.S. economy is slowing down.

Unemployment rise shakes stock markets, yet recession signals have been wrong — so far

By Christopher Rugaber, Paul Wiseman, Associated Press

The U.S. economy used to flash reliable signals when it was in or near a recession. But those red lights have gone haywire since the COVID-19 pandemic struck and upended normal business activity. Over the past two or three years,…

U.S. hiring slows with just 114,000 jobs added in July, unemployment rate hits 4.3 percent

By Paul Wiseman, Associated Press

U.S. hiring decelerated sharply last month in the face of high interest rates as employers added a weak 114,000 jobs. Friday's Labor Department report showed a drop from the 179,000 jobs created in June.

NHTSA decides 50 million air bag inflators are dangerous, moving closer to huge recall

By Tom Krisher, Associated Press

Despite opposition from automakers, U.S. auto safety regulators say they stand by a conclusion that more than 50 million air bag inflators are dangerous and should not be in use, taking another step toward a massive recall.

WATCH: Fed Chair Powell holds news briefing as first interest rate cut in four years 'getting closer'

By Christopher Rugaber, Associated Press

At a news conference Wednesday, Fed Chair Jerome Powell said that if inflation continued to cool, "a rate cut could be on the table in the September meeting.”…