Oct 14 As rent and food prices rise, retail sales remained flat in September By Anne D'Innocenzio The pace of sales at U.S. retailers was unchanged in September from August as rising prices for rent and food chipped away at money available for other things. Continue reading
Jul 19 Watch 8:51 Commerce Secretary Gina Raimondo discusses the U.S. chip shortage The Senate on Tuesday moved forward to boost semiconductor production in the U.S. as a chip shortage continues to impact the everyday lives of Americans. It’s part of a broader push to entice chip manufacturers to the U.S. and address… Continue watching
May 27 Key measure of inflation slows for the first time in months, offering hope that high prices may start to fall By Christopher Rugaber, Associated Press While high inflation is still causing hardships for millions of households, any slowing of price increases, if it can be sustained, will provide some modest relief. Continue reading
Apr 29 A key inflation gauge jumped 6.6 percent in March, possibly nearing a peak By Christopher Rugaber, Associated Press An inflation gauge closely tracked by the Federal Reserve surged 6.6% in March compared with a year ago, the highest 12-month jump in four decades and further evidence that spiking prices are pressuring household budgets and the health of the… Continue reading
Jan 25 U.S. warns that computer chip shortage could shut down factories By Associated Press The chips used in the production of automobiles and medical devices are especially scarce. The department said demand for chips was up 17 percent last year from 2019. Continue reading
Dec 22 WATCH: Biden speaks on supply chain issues, economic growth By Associated Press Biden said that retail inventories are up 3 percent from last year and on-shelf availability for products is at 91 percent, close to where it was before the pandemic. Continue reading
Apr 29 U.S. economy accelerated at a robust 6.4 percent rate last quarter By Martin Crutsinger, Associated Press Powered by consumers, the U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed… Continue reading
Jan 28 U.S. economy shrank 3.5 percent in 2020 after growing 4 percent last quarter By Martin Crutsinger, Associated Press Stuck in the grip of a viral pandemic, the U.S. economy grew at a 4 percent annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years. Continue reading
Nov 06 3rd court blocks Trump’s order on congressional seat count By Mike Schneider, Associated Press A panel of three judges on Friday ruled that President Donald Trump's effort to exclude people in the country illegally from the numbers used for dividing up congressional seats is unlawful. Continue reading
Oct 29 U.S. economy grew at 33 percent rate in third quarter, but recovery is incomplete By Martin Crutsinger, Associated Press The U.S. economy grew at a sizzling 33.1% annual rate in the July-September quarter — by far the largest quarterly gain on record — rebounding from an epic plunge in the spring, when the eruption of the coronavirus closed businesses… Continue reading