Nov 29 Does Black Friday still reign as a holiday shopping juggernaut? By Anne D'Innocenzio and Haleluya Hadero, Alexandra Olson, Associated Press The day after Thanksgiving still reigns as the unofficial kickoff of the holiday shopping season even if it's lost some luster. Continue reading
Nov 29 Retailers hope bigger Black Friday deals energize holiday shoppers By Anne D'Innocenzio Retailers in the United States and some other countries have spent weeks pushing early holiday deals, but they are trying to seduce customers with promises of bigger discounts on Black Friday. Continue reading
Nov 27 U.S. inflation gauge ticks higher with consumer prices on the rise By Christopher Rugaber, Associated Press According to the Federal Reserve’s preferred inflation gauge, consumer prices rose 2.3% in October from a year earlier, the Commerce Department said Wednesday. Continue reading
Nov 26 Watch 8:05 A look at Trump’s tariffs and the economic consequences for consumer prices and businesses By William Brangham, Azhar Merchant President-elect Trump is wasting no time when it comes to making good on his promise to impose tariffs on foreign nations. He announced he would slap major new tariffs on Mexico, Canada and China on his first day in office. Continue watching
Nov 25 Macy’s says employee hid up to $154 million in expenses, delaying full earnings release By Michelle Chapman, Associated Press It anticipates reporting its full third-quarter financial results by Dec. 11. Continue reading
Nov 13 After 2 years of steady cooling, U.S. inflation rose slightly last month By Christopher Rugaber, Associated Press Consumer prices rose 2.6 percent from a year earlier, up from 2.4 percent in September. It was the first increase in annual inflation in seven months. From September to October, prices edged up 0.2 percent. Continue reading
Nov 01 U.S. employers added only 12,000 jobs last month as hurricanes and strikes sharply reduce payrolls By Paul Wiseman, Associated Press America's employers added just 12,000 jobs in October, a total that economists say was held down by the effects of strikes and hurricanes that left many workers temporarily off payrolls. Continue reading
Oct 30 U.S. economy grew at a solid 2.8 percent pace last quarter with consumers driving growth By Paul Wiseman, Associated Press The gross domestic product — the economy’s total output of goods and services — did slow slightly from its 3% growth rate in the April-June quarter. Continue reading
Oct 29 Watch 5:58 Examining how economic plans from Trump and Harris could affect inflation By Geoff Bennett, Azhar Merchant The economy and concerns around costs remain the top issue for many voters. Both candidates want to extend tax cuts, but they also have some big differences. Donald Trump wants to impose broad tariffs and deport undocumented workers, Kamala Harris… Continue watching
Oct 24 IMF leader warns conflict and rivalries put world at risk of falling into slow-growth rut By Paul Wiseman, Associated Press The world economy, buffeted by conflict and growing geopolitical rivalries, is in danger of getting stuck in a slow-growth, high-debt rut, the head of the International Monetary Fund warned. Continue reading