Aug 31 Watch 8:27 U.S. Commerce Secretary discusses trip to China amid military and economic tensions By Nick Schifrin, Dan Sagalyn, Zeba Warsi This week, Commerce Secretary Gina Raimondo became the latest high-ranking U.S. official to visit China and engage with top Chinese leadership. She went during a time of security and trade tensions between the two global giants and China's ongoing economic… Continue watching
Aug 30 3.6 million workers to be eligible for overtime pay under a proposed Biden administration rule By Alexandra Olson, Associated Press The new rule would require employers to pay overtime to so-called white collar workers who make less than $55,000 a year. Continue reading
Aug 18 Watch 2:55 News Wrap: Hilary could reach Southern California as tropical storm In our news wrap Friday, Hurricane Hilary is brewing over the Pacific and could become the first tropical storm to reach Southern California in 84 years, Russia said it shot down a Ukrainian drone over Moscow, the U.S. gave approval… Continue watching
Aug 10 U.S. inflation ticks up for the first time in a year to 3.2 percent rate, but core inflation remains low By Paul Wiseman, Associated Press The July inflation figure remained far below last year's peak of 9.1 percent, though still above the Federal Reserve's 2 percent target. Continue reading
Aug 08 U.S. inflation on the downhill, but the Fed has long way to go to hit target rate By Christopher Rugaber, Associated Press The stickiness of inflation could endanger the possibility that the Fed will achieve a rare “soft landing” — a scenario in which it manages to slow inflation down to its target level through higher interest rates without derailing the economy. Continue reading
Aug 04 Watch 4:20 Jobs report falls short of expectations but signals recession might be avoided By Geoff Bennett, Courtney Norris The U.S. economy added 187,000 jobs in July, slightly fewer than expected but still a sign of a resilient job market. The report also shows the unemployment rate dipped to 3.5 percent. This comes after several encouraging reports in the… Continue watching
Aug 04 U.S. economy adds 187,000 new jobs, fewer than expected but unemployment down By Paul Wiseman, Associated Press U.S. employers added 187,000 last month, fewer than expected, as the higher interest rates continued to weigh on the economy. But the unemployment rate dipped to 3.5% in a sign that the job market remains resilient. Continue reading
Jul 27 Watch 4:37 News Wrap: Wildfires trigger explosions in Greece as flames reach ammunitions depot In our news wrap Thursday, wildfires in Greece triggered a series of explosions as flames reached an ammunitions dump, climate scientists confirmed July is on track to be the hottest month on record, fighting intensified in Russian-occupied areas of Ukraine… Continue watching
Jul 24 IRS is ending unannounced visits to taxpayers By Fatima Hussein, Associated Press The IRS says it is ending its decades-old policy of making unannounced home and business visits — in a an effort to keep its workers safe and combat scammers who pose as IRS agents. Continue reading
Jul 12 Watch 4:24 News Wrap: Inflation falls to lowest level since early 2021 In our news wrap Wednesday, inflation cooled in June to its lowest level since early 2021, cleanup crews plowed through sludge in Montpelier, Vermont, after flood waters receded, heat alerts were issued as forecasts called for the Southwest to break… Continue watching