Aug 15 Americans spent more at retailers in July despite higher prices By Christopher Rugaber, Anne D'Innocenzio, Associated Press Americans stepped up spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates. Continue reading
Aug 14 Watch 4:37 Trump gives economic speech in North Carolina as more polls show Harris gaining ground By Laura Barrón-López, Matt Loffman, Winston Wilde, Mekhi Hill The top issue for many voters, the economy, took center stage as former President Trump returned to campaign in a battleground state for the first time this month. His North Carolina rally followed a scattershot news conference at his Mar-a-Lago… Continue watching
Aug 12 Americans are refusing to pay high prices. That might deal the final blow to inflation By Christopher Rugaber, Associated Press The economy appears to be returning to pre-pandemic norms, when most companies felt they couldn't raise prices much without losing business. Continue reading
Aug 06 Wall Street steadies after worst day in nearly 2 years, economic fears and finance structures blamed By Stan Choe, Associated Press Several factors have been behind the recent swoon for markets, including fears about a slowing U.S. economy. Some technical reasons may also be accelerating movements for markets worldwide. Continue reading
Aug 05 Watch 4:34 The data fueling investor concerns as stocks plunge on recession fears By Amna Nawaz Global markets have plunged on fears that the world’s strongest economy, the United States, may be slowing down. U.S. Stocks also fell with all three indexes recording losses. To discuss what happened and what it means, Amna Nawaz spoke with… Continue watching
Aug 05 Why financial markets are falling and how we got here By Associated Press Worried about a slowing U.S. economy, investors sent the market in Japan to its worst day in decades and have sliced billions in market value off some of the world’s biggest technology companies. Continue reading
Aug 05 Dow drops 1000 points, worst fall since 2022, amid global rout By Stan Choe, Associated Press Wall Street fell the most in nearly two years, continuing a global rout in financial markets, as fear worsens that the U.S. economy is slowing down. Continue reading
Aug 02 Watch 5:28 Economist says Federal Reserve too slow to cut interest rates and weakening the economy By Geoff Bennett, Azhar Merchant The U.S. labor market slowed down in July and looked weaker than expected, creating 114,000 new jobs. The unemployment rate also ticked up to 4.3 percent. It's raising questions about whether the Federal Reserve has waited too long to cut… Continue watching
Jul 30 Income gap between white and Black Americans narrower for millennials than Gen X, study finds By Mike Schneider, Associated Press The income gap between white and Black young adults was narrower for millennials than it was for Generation X. Continue reading
Jul 26 Harris hopes to turn Biden's economic record into an asset for the election By Christopher Rugaber, Associated Press Can she turn the Biden-Harris economic record into a political advantage in a way that President Joe Biden failed to do?… Continue reading