Jan 15 Fewer-than-expected number of Americans filed jobless claims last week, as layoffs remain low By Matt Ott, Associated Press U.S. filings for jobless aid for the week ending Jan. 10 fell by 9,000 to 198,000, down from 207,000 the previous week, the Labor Department reported Thursday. The figure was significantly less than the 215,000 that analysts polled by the… Continue reading
Jan 14 2025 home sales stuck at 30-year low By Alex Veiga, Associated Press The U.S. housing market slump dragged into its fourth year in 2025, as sales remained stuck at a 30-year low with rising home prices and elevated mortgage rates keeping many prospective home shoppers shut out of the market. Continue reading
Jan 13 Watch 6:59 News Wrap: Inflation mostly steady in December as prices rose 2.7% over previous year In our news wrap Tuesday, inflation held mostly steady in December as prices rose 2.7% compared to a year before, Bill and Hillary Clinton are refusing to testify in a congressional investigation of Jeffrey Epstein and Gaza officials say at… Continue watching
Jan 13 Stop attacking the Fed and credit card industry, Wall Street executives warn Trump By Ken Sweet, Associated Press Wall Street has generally benefited from the Trump administration’s policies and has been supportive of the president. That relationship has suddenly soured. Continue reading
Jan 13 Inflation cooled slightly in December but remains above Fed's target By Christopher Rugaber, Associated Press Many economists had expected inflation to jump last month as the government resumed normal data collection after the six-week shutdown last fall, so the modest increases that matched the November figures came as a relief. Continue reading
Jan 13 Trump will visit a Ford factory and promote manufacturing in Detroit By Will Weissert, Corey Williams, Associated Press President Donald Trump is traveling to Michigan on Tuesday to promote his efforts to boost U.S. manufacturing, trying to counter fears about a weakening job market and worries that still-rising prices are taking a toll on Americans' pocketbooks. Continue reading
Jan 13 WATCH: Trump lashes out at Federal Reserve in speech to Detroit Economic Club By Associated Press “If you announce great numbers, they raise interest rates,” President Donald Trump said in the speech. “When the market goes up, they should lower rates.”… Continue reading
Jan 13 Top central bankers back Fed chair Powell with 'full solidarity' in clash with Trump By David McHugh, Associated Press Central bankers from around the world said Tuesday they “stand in full solidarity” with U.S. Federal Reserve Chair Jerome Powell, after President Donald Trump dramatically escalated his confrontation with the Fed with the Justice Department investigating and threatening criminal charges. Continue reading
Jan 12 Watch 3:53 Powell pushes back as Trump's DOJ launches unprecedented investigation into Fed By Amna Nawaz, Kayan Taraporevala The Justice Department has launched an unprecedented criminal investigation against the Federal Reserve and its chairman, Jerome Powell. For his part, Powell made it clear he was fed up with what he sees as a threat from President Trump and… Continue watching
Jan 12 Watch 7:03 Trump's intimidation of Fed's leadership threatens economic stability, Yellen says By Amna Nawaz, Ryan Connelly Holmes As Federal Reserve Chair Jerome Powell pushes back against a criminal probe from the Trump Justice Department, Amna Nawaz discusses the developments with Janet Yellen. She served as chair of the Federal Reserve Board from 2014 to 2018 and was… Continue watching