Economy

Filter

Treasury Secretary Janet Yellen arrives in China to talk trade, green technology tensions

By Fatima Hussein, Associated Press

The world’s two largest economies still appear to be hashing out the rules on how to compete against each other.

Number of Americans applying for jobless benefits ticks up, but layoffs remain low

By Matt Ott, Associated Press

Weekly unemployment claims are considered a proxy for the number of U.S. layoffs in a given week.

Powell says the Federal Reserve still sees rate cuts this year; election timing won’t affect decision

By Christopher Rugaber, Associated Press

Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said, despite recent reports showing that the U.S. economy is still strong and that U.S. inflation picked up in January and February.

Freight railroads must keep 2-person crews, according to new federal rule 2 years in the making

By Josh Funk, Associated Press

The Transportation Department's Federal Railroad Administration released the details of the rule two years in the making on Tuesday. It comes amid an intense focus on railroad safety following a fiery February 2023 derailment in Ohio.

A tugboat pushing a fuel barge is the first vessel to use an alternate channel to bypass the Key Bridge wreckage

By Lea Skene, Associated Press

Officials say they're working on a second channel that will allow for deeper draft vessels but didn't say when that might open.

Trump Media stock falls more than 21 percent after company discloses $58 million loss for 2023

By Wyatte Grantham-Philips, Associated Press

After merging with a blank-check company called Digital World Acquisition Corp., Trump Media began trading on the Nasdaq last week under ticker symbol DJT. It's been a volatile ride since.

OpenAI reveals Voice Engine, but won’t yet release it publicly due to safety concerns

By Associated Press

The company unveiled its new Voice Engine technology Friday, just over a week after filing a trademark application. The company claims that it can recreate a person's voice with just 15 seconds of recording of that person talking.

The EU plans to fast-track some financial aid to Egypt amid influx of migrants

By Lorne Cook, Associated Press

The funds are part of a bigger aid package under an EU-Egypt deal aimed partly at stopping migrants from reaching European shores.

How Baltimore’s Key Bridge collapse will affect supply chains and the economy

By Hannah Grabenstein

The Key Bridge collapse comes at a time when other international routes are under pressure, experts say.

What to know about the cargo ship that took down Baltimore’s Francis Scott Key Bridge

By Nick Perry, Associated Press

If stood upright, the Dali would reach almost to the top of the Eiffel Tower in Paris or about two-thirds of the way up the Empire State Building in New York.