economic downturn

Haiti’s struggles worsened in the year since the president was assassinated

By Evens Sanon, Dánica Coto, Associated Press

Not only have authorities failed to identify all those who masterminded and financed the killing, but Haiti has gone into a freefall as violence soars and the economy tumbles.

U.S. jobless claims rise to 235,000, most in nearly six months

By Matt Ott, Associated Press

More Americans applied for unemployment benefits last week, and while layoffs remain low, it's the fifth straight week claims have topped the 230,000 mark.

Inflation hits record 8.6 percent for 19 countries using the euro

By Kelvin Chan, Associated Press

Inflation in countries using the euro set another eye-watering record, pushed higher by a huge increase in energy costs fueled partly by Russia's war in Ukraine.

Congress approves free student meal extension through summer

By Lisa Rathke, Associated Press

Final passage Friday of the Keep Kids Fed Act in the U.S. House came less than a week before rule changes for child nutrition programs were set to expire June 30.

President Biden says a recession is ‘not inevitable’

By Josh Boak, Associated Press

President Joe Biden says the American people are "really, really down" after a tumultuous two years with the coronavirus pandemic, volatility in the economy and now surging gasoline prices that are hitting family budgets.

What is the yield curve and how could it warn of the next recession?

By Associated Press

One of the more reliable warning signals for an economic recession started blinking again. Treasurys, the IOUs the U.S. government gives to investors who lend it money are at the center of the investing world.

Stocks tumble after inflation worsens, raising rate fears

By Stan Choe, Damian J. Troise, Associated Press

Stocks fell sharply on Friday following Wall Street's cold realization that inflation got worse last month, not better, as investors had been hoping.

Cryptocurrency meltdown is wake-up call for many, including Congress

By Ken Sweet, Associated Press

Meltdowns in the cryptocurrency space are common, but the latest one has served as a vivid reminder that investors, both professionals and rookies, can be rolling the dice when putting money into digital assets.

WATCH: House subcommittee holds hearing on the ways COVID-19 disproportionately impacts low-wage, women workers

By News Desk

The House Oversight COVID subcommittee held a hearing on Tuesday on how the "pandemic economy" has disproportionately harmed low-wage, women workers.

FDA, Abbott reach agreement to reopen baby formula plant

By Zeke Miller, Matthew Perrone, Associated Press

Infant formula maker Abbott says it's reached an agreement with U.S. health officials to restart production at its largest domestic factory, a key step toward easing a nationwide shortage.