Dec 12 November inflation dips as gas prices fall, but services and used cars remain expensive By Christopher Rugaber, Associated Press The mixed picture in Tuesday’s inflation report will likely keep the Fed on track to leave its benchmark interest rate unchanged when its latest meeting ends Wednesday. Continue reading
Dec 11 Biden administration says New Hampshire computer chip plant the first to get CHIPS funding By Josh Boak, Associated Press The 2022 CHIPS and Science Act provides more than $52 billion to boost the development and manufacturing of semiconductors in the United States. Continue reading
Dec 11 Speculation about eventual rate cuts is rising, but Fed is set to leave interest rates unchanged By Christopher Rugaber, Associated Press With inflation edging closer to the Federal Reserve's 2 percent target, its policymakers are facing — and in some cases fueling — hopes that they will make a decisive shift in policy and cut interest rates next year, possibly as… Continue reading
Dec 10 Argentina’s newly sworn-in President Milei warns of shock adjustment to economy By David Biller, Debora Rey, Associated Press In his inaugural address Sunday, Argentina's newly empowered President Javier Milei presented figures to lay bare the scope of the nation's economic “emergency,” and sought to prepare the public for a shock adjustment with drastic public spending cuts. Continue reading
Dec 09 Watch 7:33 Nobel laureate Claudia Goldin’s takeaways from her research on women and work By Paul Solman, Dorothy Hastings, Juliet Fuisz This year’s Nobel laureates are set to receive their medals Sunday in a time-honored ceremony in Stockholm, Sweden. Among them will be Harvard professor Claudia Goldin, winner of the Nobel Prize in economics for her research on women in the… Continue watching
Dec 08 At COP28, pageantry is over and negotiations get intense By Seth Borenstein, David Keyton, Jon Gambrell, Associated Press The leadership of climate talks, called COP28, sent out four pairs of veteran and high-level ministers to push countries together on four key but stubborn issues as the summit went into its second week after a day of rest Thursday. Continue reading
Dec 08 U.S. employers add 199,000 jobs as economy shows signs of ‘soft landing’ By Christopher Rugaber, Associated Press Most economists and Wall Street traders think the Fed’s next move will be to cut rates, though that might not happen until the second half of 2024. Continue reading
Dec 05 Federal Trade Commission is investigating ExxonMobil’s $60 billion deal to acquire a Texas oil company By Matthew Daly, Associated Press Security filings show the Federal Trade Commission is investigating ExxonMobil's $60 billion deal to acquire a Texas oil company, potentially one the largest energy industry mergers in two decades. Continue reading
Dec 05 Supreme Court dismisses case that could have limited lawsuits over disability access By Associated Press The Supreme Court has dismissed a case involving a Maine hotel that could have made it harder for people with disabilities to learn in advance whether hotel accommodations meet their needs. Continue reading
Dec 04 Here are the key takeaways from Monday at the UN climate conference By Michael Phillis, Associated Press The president of the talks, Sultan al-Jaber of the host United Arab Emirates, was on the defensive after video circulated of him questioning plans to phase out fossil fuels. Continue reading