Oct 27 Watch 4:35 News Wrap: U.S. GDP grows in third quarter, European Central Bank raises interest rates In our news wrap Thursday, the U.S. economy is showing pockets of strength as the GDP grew at a 2.6% annual rate from July through September, the European Central Bank raised interest rates by three-quarters of a percent to help… Continue watching
Oct 27 U.S. economy snaps contraction streak with 2.6 percent growth last quarter By Paul Wiseman, Associated Press The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of economic contraction and overcoming punishingly high inflation and interest rates. Continue reading
Oct 07 Solid U.S. hiring in September could mean more big Fed hikes By Paul Wiseman, Associated Press America's employers slowed their hiring in September but still added 263,000 jobs, a solid figure that will likely keep the Federal Reserve on pace to keep raising interest rates aggressively to fight persistently high inflation. Hiring fell from 315,000 in… Continue reading
Sep 22 Why a third of American workers changed jobs during the Great Resignation By Hannah Grabenstein Over one-third of Americans working for pay changed jobs in the past two years, according to a new PBS NewsHour/NPR/Marist poll, and more than 60 percent received raises over the last year. Continue reading
Sep 16 Most Americans say they cut back on recent spending as prices rose By Hannah Grabenstein Among U.S. adults, 45 percent say their finances haven’t really changed, and another 18 percent said their situation actually improved compared to last year. But 37 percent said they have taken a hit. Continue reading
Sep 13 WATCH: Biden touts Inflation Reduction Act despite a new report showing prices are still rising By Josh Boak, Zeke Miller, Associated Press President Joe Biden gathered a crowd of thousands at the White House Tuesday to celebrate last month’s passage of the Inflation Reduction Act, even as a new government report showed how hard it could be to bring surging prices down. Continue reading
Sep 13 WATCH: White House press secretary Karine Jean-Pierre says Ukraine using U.S. weapons ‘with great effect’ By Christopher Rugaber, Associated Press As Ukrainian troops apply pressure on retreating Russian forces, pressing a counteroffensive that has produced a stunning blow to Moscow's military prestige, the White House says Ukraine is using advanced rocket systems provided by the U.S. "with great effect."… Continue reading
Sep 06 Rents come down after record spike, but trend may not last By Adriana Morga, Associated Press The national median asking rent was up 14 percent in July over July the previous year, the smallest annual increase since November 2021, according to a new report from Redfin. While that percentage is still high, it has decreased from… Continue reading
Sep 06 U.S. stocks continue to fall as inflation remains By Damian J. Troise, Associated Press Markets have been slipping in recent weeks and shedding much of the gains made in July and early August as inflation remains hot and the Federal Reserve stays on track to continue raising interest rates to try and tame stubbornly… Continue reading
Aug 29 WATCH: 2 economists on where the U.S. economy is headed now By Casey Kuhn, Nicole Ellis, Jenna Cohen “The economy's in a really interesting position right now,” Furchtgott-Roth said. “We have never had such a gap between gross domestic investment and consumption spending.”… Continue reading