May 17 Watch 4:19 What's behind the historic stock market highs and how it relates to the overall economy By Geoff Bennett, Diane Lincoln Estes This has been a big week for the stock market. The Dow Jones, the much broader S&P 500 and the NASDAQ all reached record highs with the Dow crossing the 40,000 threshold for the first time. The markets have rallied… Continue watching
May 15 Watch 4:23 Inflation cools but rising prices still dominate Americans' view of economy By Paul Solman, Diane Lincoln Estes Inflation cooled somewhat in April, according to new numbers from the Bureau of Labor Statistics. The consumer price index rose at an annual rate of 3.4 percent, in line with expectations. But overall, inflation hasn't yet come down quite to… Continue watching
May 15 U.S. inflation ticked down slightly last month in the first drop of 2024 By Christopher Rugaber, Associated Press A measure of underlying inflation, which excludes volatile food and energy costs, also eased in April. Continue reading
Apr 25 WATCH: Biden delivers remarks on economic agenda during campaign event in Syracuse By News Desk Biden's speech comes as a report shows the nation's economy slowed sharply last quarter to a 1.6 percent annual pace in the face of high interest rates. Continue reading
Apr 09 WATCH: Biden gives remarks on economy during campaign event at Union Station in Washington, DC By Associated Press The Biden administration has promised tens of billions of dollars to support construction of U.S. chip foundries and reduce reliance on Asian suppliers, which Washington sees as a security weakness. Continue reading
Mar 11 WATCH: Biden talks about lowering costs for families during New Hampshire campaign stop By Josh Boak, Fatima Hussein, Associated Press President Joe Biden on Monday released a budget proposal aimed at getting voters' attention: It would offer tax breaks for families, lower health care costs, smaller deficits and higher taxes on the wealthy and corporations. Continue reading
Mar 08 In sign of continued economic strength, US employers add a surprisingly strong 275,000 jobs By Paul Wiseman, Associated Press Last month’s job growth marked an increase from a revised gain of 229,000 jobs in January. At the same time, the unemployment rate ticked up two-tenths of a point in February to a still-low 3.9%. Continue reading
Feb 28 Watch 7:14 Yellen discusses state of the economy, importance of aid for Ukraine By Amna Nawaz, Murrey Jacobson, Stephanie Kotuby, Alexa Gold The Congressional funding deal reached Wednesday will avert a government shutdown for at least a week. Amna Nawaz discussed those negotiations. the overall state of the economy and aid for Ukraine with Treasury Secretary Janet Yellen. Continue watching
Feb 26 Forecasters raise expectations for 2024 U.S. economy By Associated Press The economy looks set to grow 2.2% this year after adjusting for inflation. That’s up from an earlier forecast of 1.3%. Continue reading
Feb 15 Japan loses spot as world's third-largest economy, slips into recession By Yuri Kageyama, Associated Press The government reported the economy shrank at an annual rate of 0.4% in October to December, though it grew 1.9% for all of 2023. Japan's economy was the 2nd largest until 2010, when it was overtaken by China's. Continue reading