Sep 13 August inflation rises due to higher gas prices, yet underlying core measures cooled By Christopher Rugaber, Associated Press Excluding the volatile food and energy categories, so-called core prices rose 4.3 percent, down from 4.7 percent in July and the smallest increase in nearly two years. Continue reading
Sep 07 Watch 9:14 Amid grief and loss, Maui residents and businesses continue wildfire recovery By Amna Nawaz, Shoshana Dubnow Friday marks a month since the wildfires in Maui raged out of control, claiming too many victims and destroying a historic part of the island. Now, amid so much grief and loss, residents and businesses are trying to recover and… Continue watching
Sep 01 Watch 5:39 What the latest jobs report signals for American workers By John Yang, Murrey Jacobson The August jobs report portrays a labor market that’s steadily growing, but there are signs of cooling in the face of the Federal Reserve’s higher interest rates. Employers added 187,000 jobs in August while the unemployment rate ticked up from… Continue watching
Sep 01 WATCH: Biden gives remarks after economy adds 187,000 jobs in slowing but steady growth By Associated Press President Joe Biden will deliver remarks after the August jobs report shows economy added 187,000 positions, evidence of a slowing but still-resilient labor market despite the high interest rates the Federal Reserve has imposed. Continue reading
Sep 01 Economy adds 187,000 jobs in August despite Federal Reserve’s high interest rates By Paul Wiseman, Associated Press The nation's employers added a healthy 187,000 jobs in August in a sign of a still-resilient labor market despite the high interest rates the Federal Reserve has imposed. Continue reading
Aug 31 Watch 8:27 U.S. Commerce Secretary discusses trip to China amid military and economic tensions By Nick Schifrin, Dan Sagalyn, Zeba Warsi This week, Commerce Secretary Gina Raimondo became the latest high-ranking U.S. official to visit China and engage with top Chinese leadership. She went during a time of security and trade tensions between the two global giants and China's ongoing economic… Continue watching
Aug 30 3.6 million workers to be eligible for overtime pay under a proposed Biden administration rule By Alexandra Olson, Associated Press The new rule would require employers to pay overtime to so-called white collar workers who make less than $55,000 a year. Continue reading
Aug 18 Watch 2:55 News Wrap: Hilary could reach Southern California as tropical storm In our news wrap Friday, Hurricane Hilary is brewing over the Pacific and could become the first tropical storm to reach Southern California in 84 years, Russia said it shot down a Ukrainian drone over Moscow, the U.S. gave approval… Continue watching
Aug 10 U.S. inflation ticks up for the first time in a year to 3.2 percent rate, but core inflation remains low By Paul Wiseman, Associated Press The July inflation figure remained far below last year's peak of 9.1 percent, though still above the Federal Reserve's 2 percent target. Continue reading
Aug 08 U.S. inflation on the downhill, but the Fed has long way to go to hit target rate By Christopher Rugaber, Associated Press The stickiness of inflation could endanger the possibility that the Fed will achieve a rare “soft landing” — a scenario in which it manages to slow inflation down to its target level through higher interest rates without derailing the economy. Continue reading