Economy

Biden's State of the Union address to highlight efforts on economy

By Zeke Miller, Seung Min Kim, Associated Press

Biden’s remarks from the House rostrum will take place in a sharply different context from a year ago. Republicans now control the chamber, rendering it unlikely that any significant legislation reaches Biden’s desk.

WATCH: Biden and Harris make remarks on strong jobs report during visit to Philadelphia

By Will Weissert, Chris Megerian, Associated Press

President Joe Biden hasn't announced a reelection campaign, but some of the themes likely to be the centerpiece of that expected run should be on display Friday night when he addresses a national Democratic Party meeting.

WATCH: White House speaks on police reform, Biden's meeting with McCarthy

By Associated Press

The White House is facing fresh pressure to advance the issue of police reform as Vice President Kamala Harris was called to the pulpit at the funeral for Tyre Nichols.

Stocks rise on Wall Street following signs of easing inflation

By Stan Choe, Associated Press

Stocks are ticking higher on Wall Street Tuesday ahead of what many investors hope will be one of the Federal Reserve’s last economy-shaking hikes to interest rates for a while.

U.S. wage growth slowed in the last quarter of 2022

By Christopher Rugaber, Associated Press

Pay and benefits for America's workers grew at a healthy but more gradual pace in the final three months of 2022 which could help reassure the Federal Reserve that wage gains won't fuel higher inflation.

WATCH: Biden says U.S. needs to protect economic gains as report shows 2.9 percent growth

By Paul Wiseman, Associated Press

"The news couldn’t have been any better,” President Joe Biden said of Thursday's GDP report.

U.S. economy expanded 2.9% last quarter in face of interest rates and recession fears

By Paul Wiseman, Associated Press

The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession.

Microsoft cuts 10,000 jobs globally, about 5 percent of workforce

By Matt O'Brien, Associated Press

Microsoft is cutting 10,000 workers, almost 5% of its workforce, as it joins other tech companies in a scaling back of their pandemic-era expansions.

December unemployment falls slightly to 3.5 percent, tied for a 50-year low

By Christopher Rugaber, Associated Press

America's employers added a solid 223,000 jobs in December, evidence that the economy remains healthy even as the Federal Reserve is rapidly raising interest rates to try to slow economic growth and the pace of hiring.

Applications for unemployment benefits see small rise, indicating strength of economy

By Christopher Rugaber, Associated Press

The number of people seeking unemployment benefits rose modestly last week, the latest sign that the labor market remains strong despite the Federal Reserve's efforts to cool the economy and hiring.