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Trump says skilled foreign workers take jobs away from Americans. It's not that simple, experts say

By Hannah Grabenstein

Economists have studied the impacts H-1B employees have within individual companies and at the local labor market level and reached similar conclusions about foreign workers' impacts on American jobs.

U.S. issues sanctions on Turkish bank that it calls a 'critical financial lifeline' for Iran

By Farnoush Amiri, Andrew Wilks, Associated Press

The Treasury Department accused the Turkish bank and its entities of being established to enable Iran's efforts to transfer oil revenues from China to Turkey, where they could then be converted to cash and gold.

'Toxic, intimidating and humiliating': Ex-labor secretary oversaw hostile work environment, watchdog finds

By Jill Colvin, Associated Press

A new report from Labor Department’s Office of Inspector General includes allegations that former Secretary Chavez-DeRemer “engaged in an inappropriate relationship” with a member of her security detail, and violated travel regulations and the department’s alcohol policies.

Hiring burst of 162,000 jobs in August puts the focus squarely back on inflation in the U.S.

By Paul Wiseman, Associated Press

The U.S. job market rebounded in August as employers added a surprising 162,000 jobs. The unemployment rate stayed at a low 4.1%.

Fed governor Waller muddies outlook on possible rate hike later this month

By Christopher Rugaber, Associated Press

Federal Reserve governor Christopher Waller said Thursday that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not.

Prolonged Iran war creating major dent in global economy, Cliff Kupchan says

By Geoff Bennett, Dan Sagalyn

To discuss the latest flare-up in the war with Iran and the impact on the global economy, Geoff Bennett spoke with Cliff Kupchan. He's chairman emeritus at the consulting company Eurasia Group and senior fellow at the think tank Center…

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News Wrap: Lindsay Clancy jury deadlocked and unable to reach verdict

In our news wrap Wednesday, the jury in Lindsay Clancy's murder trial remains deadlocked and unable to reach a verdict, Tiger Woods will have his driver's license suspended for five years as part of a plea deal related to a…

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Why bond yields are rising and why everyone should care

By Christopher Rugaber, Stan Choe, Associated Press

Rising bond yields are one of the few forces in the world strong enough to get politicians to snap to attention. They can also have a big impact on Americans' personal finances and on the broader economy.

China dissents as Bessent says 19 finance ministers agree to address 'cheap exports'

By Fatima Hussein, Associated Press

Treasury Secretary Scott Bessent said Tuesday that 19 of the members of the G20 agreed to address streams of “cheap exports” that cause global economic imbalances, but China dissented.