Jul 11 Watch 8:24 Inflation and high housing costs spur more baby boomers to find roommates By Paul Solman, Diane Lincoln Estes Amid high inflation and rising housing costs, some seniors are turning to home-sharing. Economics correspondent Paul Solman has the story about a growing number of baby boomers who are becoming "boommates."… Continue watching
Jul 08 Watch 6:02 Strong jobs report staves off fears of a recession amid rising prices Despite worries about whether the U.S. is sliding into a recession, Friday's surprisingly strong jobs report suggests otherwise. The U.S. has averaged adding nearly 375,000 new jobs a month for the past three months, and private sector employment has returned… Continue watching
Jul 08 U.S. employers added 372,000 jobs in June, with unemployment at 50-year low By Chris Rugaber, Associated Press America's employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates to cool the economy and slow price increases. Continue reading
Jun 30 Inflation remains at 6.3 percent, Federal Reserve report shows By Paul Wiseman, Associated Press A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in April. Continue reading
Jun 22 WATCH: Fed chair Powell says rate hikes will be decided ‘meeting by meeting’ By Chris Rugaber, Associated Press Federal Reserve Chair Jerome Powell underscored the Fed's determination to raise interest rates high enough to slow inflation, a commitment that has fanned concerns that the central bank's fight against surging prices could tip the economy into recession. Continue reading
Jun 22 Sri Lanka prime minister says economy ‘has completely collapsed’ By Krishan Francis, Associated Press Sri Lanka's prime minister says its debt-laden economy has "collapsed" after months of shortages of food, fuel and electricity. Continue reading
Jun 16 Watch 5:12 News Wrap: European leaders visit Kyiv, pledge to back Ukraine’s EU bid In our news wrap Thursday, leaders of France, Germany, Italy and Romania visited Kyiv and pledged to back Ukraine's bid to join the European Union, the World Health Organization reports COVID deaths are rising around the globe, the Senate voted… Continue watching
Jun 14 Stocks up and down a day after Wall Street sinks into a bear market By Stan Choe, Associated Press Wall Street is wobbling Tuesday in its first trading after tumbling into a bear market on worries central banks will clamp the brakes too hard on the economy. Continue reading
Jun 14 WATCH: President Joe Biden encourages unions at AFL-CIO convention By Darlene Superville, Josh Boak, Associated Press President Joe Biden has told the largest federation of labor unions that he's rebuilding the U.S. economy around workers. Continue reading
Jun 10 Inflation, pandemic has small businesses on edge this summer By Mae Anderson, Associated Press Consumers likely have a lot of pent-up demand after more than two years of the pandemic. But they’re also facing some significant financial headwinds because of the highest inflation in decades. And COVID-19 remains a looming presence. Continue reading