Jun 25 Key inflation gauge jumps to 3-year high in latest sign of affordability challenges By Christopher Rugaber, Associated Press The increase was largely driven by more expensive gas, as well as pricier semiconductors and other computer equipment that are in high demand for the AI buildout. Continue reading
Jun 23 WATCH: Trump touts the economy in Pennsylvania, following interim agreement with Iran By Mike Catalini, Seung Min Kim, Associated Press Trump's trip to the Allentown-area business comes as he works to try to put the conflict — and the higher gasoline prices it caused — in the rearview mirror as November midterm elections draw closer. Continue reading
Jun 16 Higher prices for gas, groceries and flights will outlast Iran war, analysts say By Mae Anderson, Associated Press The fighting disrupted not only fuel supplies but also the supply chains for fertilizer, food and even footwear. Continue reading
Jun 11 Watch 6:13 Why SpaceX is rocketing toward largest IPO in stock market history By Geoff Bennett, Karina Cuevas SpaceX, the rocket company founded by Elon Musk, will be going public and is expected to become the largest IPO in stock market history. Geoff Bennett discussed more with Ron Insana. Continue watching
Jun 01 Trump faces a new inflation warning from the bond market, adding to his midterm challenges By Josh Boak, Associated Press The world is getting more uptight about lending money to President Donald Trump’s government. Continue reading
May 26 Even as stock market hits highs, most Americans are cutting back on spending, survey shows By Christopher Rugaber, Associated Press U.S. consumer confidence declined slightly this month as gas prices stayed high and inflation remained elevated, a sharp contrast to soaring stock prices that have neared record levels. Continue reading
May 13 Tax cuts collide with inflation as voters weigh Trump's economy in the midterms By Bill Barrow, Associated Press Although President Donald Trump has tried to put more money in middle-class pockets with tax cuts, the benefits are being eroded as prices keep rising, especially during the war with Iran. The latest numbers, released Tuesday, showed the rate of… Continue reading
May 12 Watch 5:18 Inflation could hit 4% next month and stay elevated for rest of year, economist warns By Geoff Bennett, Jackson Hudgins The latest inflation report shows price increases for American consumers in April hit a three-year high, driven by a spike in the cost of gasoline. The Consumer Price Index, which includes energy and food costs, rose 3.8% year-over-year, according to… Continue watching
May 11 Older Americans say it's a good time to find a job. Younger people aren't buying it By Nicholas Riccardi, Associated Press The schism is likely to continue fueling generational divides in politics, where younger voters have focused on economic issues such as housing costs and have registered less faith in institutions. Continue reading
May 04 The value of the U.S. dollar has weakened since Trump took office. Experts say that can be a 'hidden tax' By Matt Sedensky, Associated Press President Donald Trump has openly supported a weaker dollar, arguing it helps American industry, and some executives agree, saying it's boosted overseas business. Continue reading