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Economy

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Sep 29

WATCH: Federal Reserve Chair defends Federal policies, says inflation may persist

By Christopher Rugaber, Associated Press

At a panel sponsored by the European Central Bank on Wednesday Powell said the Fed has avoided the mistake of underestimating the severity of pandemic's economic impact. But criticism of the Fed's policies has grown in recent months as inflation…

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Sep 20

Watch 3:06
How financial ‘black swans’ may be driving market drops

A sell-off hit the financial markets Monday over Chinese real estate and U.S. federal reserve policy worries. The Dow Jones Industrial Average lost 614 points — a 1.8% drop, its worst since July. The NASDAQ fell 330 points — more…

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Sep 16

WATCH: Biden delivers remarks on strengthening the economy

By Associated Press

Biden's laid out his proposal Thursday at the White House to get the wealthy to "pay their fair share" in taxes.

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Sep 09

COVID-19 surge slows travel industry’s recovery

By David Koenig, Associated Press

Several leading U.S. airlines warned Thursday that the rise in COVID-19 cases due to the delta variant is hurting their bookings and further delaying a recovery for the travel industry.

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Sep 03

WATCH: Biden addresses weak gains in jobs report for August

By Christopher Rugaber, Associated Press

President Joe Biden is expected to speak at 10 a.m. Eastern today. Watch the president's remarks here.

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Sep 03

U.S. hiring slows to just 235,000 jobs after two strong months

By Christopher Rugaber, Associated Press

America’s employers added just 235,000 jobs in August, a surprisingly weak gain after two months of robust hiring at a time when the delta variant’s spread has discouraged some people from flying, shopping and eating out.

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Aug 23

Watch 6:12
News Wrap: Capitol Police shooting of Jan. 6 rioter Ashli Babbitt found ‘lawful’

In our news wrap Monday, an internal investigation has cleared a U.S. Capitol Police officer who shot and killed a woman, Ashli Babbitt, on January 6th. New York Governor Andrew Cuomo used his last day in office to defend himself…

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Aug 17

Watch 3:53
News Wrap: Tropical Storm Grace batters Haiti after deadly earthquake

In our news wrap Tuesday, Tropical Storm Grace swept through Haiti, increasing suffering after Saturday's deadly earthquake. After crossing Haiti, forecasters say it will grow into a hurricane as it heads for Mexico's Yucatan Peninsula. Firefighters in Northern California labored…

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Aug 11

Watch 5:50
News Wrap: Jailed Russian opposition leader Alexei Navalny is facing new criminal charges

In our news wrap Wednesday, jailed Russian opposition leader Alexei Navalny is facing new criminal charges ahead of elections next month, crews in northern California encounter new flare-ups from the Dixie Fire, dozens of fires raging in Algeria have now…

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Aug 09

Watch 5:20
News Wrap: Dixie Fire 20 percent contained, military to require COVID-19 vaccinations

In our news wrap Monday, California's Dixie Fire is 20 percent contained as crews fight the state's raging wildfire, U.S. military members will be required to get vaccinated for COVID-19, American travelers were allowed to drive into Canada for the…

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