May 05 U.S. adds over a quarter million jobs despite Fed’s rate hikes By Paul Wiseman, Associated Press America’s employers added a robust 253,000 jobs in April, evidence of a labor market that still shows surprising strength despite rising interest rates, chronically high inflation and a banking crisis that could weaken the economy. Continue reading
Apr 27 Watch 5:23 What the latest GDP report says about the strength of the U.S. economy By Paul Solman, Ryan Connelly Holmes The newest GDP data suggests the U.S. economy is slowing down. Consumers are still spending and companies are still hiring and investing, but it’s not at the same pace as last year. At the same time, the economy continues to… Continue watching
Apr 27 Unemployment claims keep falling as labor market remains strong By Matt Ott, Associated Press Applications for unemployment benefits in the U.S. fell last week as the labor market continues to show strength despite some weakness in other parts of the economy. Continue reading
Apr 19 WATCH: Biden blasts GOP ‘wacko notions’ amid debt limit standoff By Josh Boak, Seung Min Kim, Zeke Miller, Associated Press His remarks came as Speaker Kevin McCarthy, who has struggled to coalesce Republicans around a unified budget proposal, released a plan to raise the debt limit by $1.5 trillion in exchange for lifting the debt limit later this year. Continue reading
Apr 18 Watch 8:37 Long COVID symptoms keeping many Americans from returning to work By Paul Solman, Diane Lincoln Estes Three years after the start of the pandemic, some 16 million Americans have long COVID, meaning their symptoms continue well after the initial infection. An estimated 4 million people say long COVID has significantly reduced their ability to carry out… Continue watching
Apr 14 Wall Street holds steady a biggest banks post strong first-quarter profits By Joe McDonald, Matt Ott, Associated Press Wall Street held steady in premarket trading Friday as some of the nation's biggest banks posted strong first-quarter profits one day after markets surged on reports of slowing inflation. Continue reading
Apr 13 Watch 4:33 News Wrap: Biden touts strength of Ireland-U.S. relations in address to Irish Parliament By Amna Nawaz, Alexis Cox In our news wrap Thursday, President Biden played up the shared history and values of Ireland and the United States on the second day of his visit there, the White House announced DACA recipients can apply for Medicaid and health… Continue watching
Mar 29 WATCH: Yellen testifies on Treasury budget in House hearing amid questions about banking system By Associated Press Treasury Secretary Janet Yellen testified on the department's budget Wednesday morning. Continue reading
Mar 15 Credit Suisse shares plunge, drag down European lenders By Jamey Keaten, David McHugh, Associated Press Shares in the globally connected Swiss bank Credit Suisse plunged and dragged down other major European lenders. Continue reading
Mar 15 Retail sales drop slightly in February after jump in January spending By Anne D'Innocenzio, Associated Press America's consumers trimmed their spending in February after a buying burst in January, underscoring the volatility of the economic environment. Continue reading