Oct 10 WATCH: Nobel economics prize goes to 3 researchers for explaining innovation-driven economic growth By Kostya Manenkov, Christopher Rugaber, Mike Corder, David McHugh, Associated Press Three researchers who probed the process of business innovation won the Nobel memorial prize in economics Monday for explaining how new products and inventions promote economic growth and human welfare, even as they leave older companies in the dust. Continue reading
Oct 10 Trump threatens more tariffs after China restricts key exports By Josh Boak, Didi Tang, Associated Press President Donald Trump said Friday that “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea and threatened additional tariffs after China restricted exports of rare earths needed… Continue reading
Oct 10 ‘RIFs have begun.’ Vought announces start of mass firings during government shutdown By Seung Min Kim, Stephen Groves, Associated Press The White House budget office said Friday that mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers in the ongoing government shutdown. Continue reading
Oct 09 U.S. opens Tesla probe after more crashes involving its so-called full self-driving technology By Associated Press The National Highway Traffic Safety Administration said in a filing dated Tuesday that it has 58 incident reports of Tesla vehicles violating traffic safety laws while operating in full self-driving mode. Continue reading
Oct 08 WATCH: ‘Do your damn job,’ federal worker union leaders tell Congress mired in shutdown By Associated Press Union leaders criticized both parties in Congress but also targeted President Donald Trump, accusing him of using federal workers as “political pawns” after warnings Tuesday that back pay is not guaranteed. Continue reading
Oct 03 Without a new jobs report, U.S. ‘flying blind’ on hiring in an uncertain economy By Christopher Rugaber, Associated Press The first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern as everyone awaits the Labor Department's crucial monthly jobs report. Not this month, though. Continue reading
Oct 03 Amid shutdown fight, Trump no longer distancing himself from Project 2025 By Jill Colvin, Associated Press In a post on his Truth Social site Thursday morning, Trump announced he would be meeting with his budget chief, “Russ Vought, he of PROJECT 2025 Fame, to determine which of the many Democrat Agencies, most of which are a… Continue reading
Oct 02 Shutdowns usually don’t do much economic damage, but there are reasons to worry this time By Paul Wiseman, Christopher Rugaber, Associated Press Trump's massive layoff threat and the precarious state of the American economy raise the odds of longer-lasting damage. Continue reading
Oct 02 Vital economic data, including Friday’s jobs report, cut off in government shutdown By Christopher Rugaber, Paul Wiseman, Associated Press The government shutdown that began Wednesday will deprive policymakers and investors of economic data vital to their decision-making at a time of unusual uncertainty about the direction of the U.S. economy. Continue reading
Oct 01 Gold prices hit record highs amid U.S. government shutdown By Wyatte Grantham-Philips, Associated Press Gold sales can rise sharply when anxious investors seek "safe havens" for parking their money. Continue reading