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Aldi grocery store to open in Midtown Manhattan

Economy Aug 26

U.S. economy expanded at sluggish 1.5% pace in second quarter, on par with earlier estimate

By Paul Wiseman, Associated Press

Economy May 28

FILE PHOTO: Illustration shows U.S. dollar banknotes
Key inflation gauge worsens as Americans' income and spending power erodes

A key inflation gauge accelerated in April to the highest level in three years, squeezing Americans' finances and creating political challenges for President Trump and congressional Republicans with midterm elections just five months away.

By Christopher Rugaber, Paul Wiseman, Associated Press

Economy Feb 10

Consumers shop for Labubus and other art toys at Pop Mart's Skullpanda pop-up shop in Manhattan, in New York City
Retail sales flat in December from November, closing out year on a lackluster tone

The report, issued by the Commerce Department on Tuesday, surprised economists who were looking for growth despite mounting concerns about a slowing job growth, uncertainty about President Donald Trump's tariffs and other economic headwinds.

By Anne D'Innocenzio, Associated Press

Economy Sep 26

FILE PHOTO: An eagle tops the U.S. Federal Reserve building's facade in Washington
Fed's favored inflation gauge accelerated slightly in August, report shows

The Commerce Department reported Friday that its personal consumption expenditures (PCE) price index was up 2.7% in August from a year earlier, a tick higher from a 2.6% year-over-year increase in July and most since February.

By Paul Wiseman, Associated Press

Politics Aug 19

Illustration shows Intel processor and U.S. flag
Trump administration vying to own a big stake in Intel after SoftBank's $2 billion bet on company

The ambitions that Lutnick confirmed in a televised interview with CNBC came the day after various news outlets reported on the negotiations between the Trump administration and Intel.

By Michael Liedtke, Elaine Kurtenbach, Associated Press

Aug 15

Retail sales rise a solid 0.5% in July from June helped by rebounding auto sales

By Associated Press

The increases followed two consecutive months of spending declines.

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Aug 08

4 questions about Trump's proposal for a new census

By Laura Santhanam

President Donald Trump’s directive is the latest move from his administration to remove or alter federal data that do not align with his political agenda.

Continue reading

Jun 26

U.S. economy shrank 0.5% between January and March, worse than 2 earlier estimates had revealed

By Paul Wiseman, Associated Press

The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s import taxes at least temporarily disrupted business, the Commerce Department said.

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May 30

Consumer prices rose slightly in April amid Trump's tariffs

By Christopher Rugaber, Associated Press

The figures show inflation is still declining from its post-pandemic spike, which reached the highest level in four decades in July 2022.

Continue reading

Apr 16

Ahead of Trump's tariffs, retail sales rise 1.4% in March as shoppers stock up on big ticket items

By Anne D'Innocenzio, Associated Press

U.S. shoppers increased their shopping last month, fueled by a spending spree on foreign-made new items from gadgets to cars before President Donald Trump’s expansive new tariffs started kicking in.

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