Apr 28 Watch 6:15 As the U.S. economy slows down, fears of a possible recession grow By Karina Cuevas The U.S. economy slowed down over the first three months of the year, the first time it has contracted since the pandemic brought it to a screeching halt. There have been other troubling signs, most notably inflation and concerns over… Continue watching
Apr 28 U.S. economy shrinks first time in two years but consumer and business spending strong By Christopher Rugaber, Associated Press The U.S. economy shrank last quarter for the first time since the pandemic recession struck two years ago, contracting at a 1.4 percent annual rate, but consumers and businesses kept spending in a sign of underlying resilience. Continue reading
Apr 15 Biden nominates Michael Barr as Federal Reserve vice chair By Josh Boak, Paul Wiseman, Associated Press President Joe Biden says he plans to nominate Michael Barr to be the Federal Reserve's vice chairman of supervision. Continue reading
Apr 12 U.S. inflation rises 8.5 percent, sharpest increase since 1981 By Paul Wiseman, Associated Press Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received. Continue reading
Apr 01 U.S. economy adds 431,000 new jobs for March in sign of robust economic health By Paul Wiseman, Associated Press America's employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy's resilience in the face of a still-destructive pandemic, Russia's war against Ukraine and the highest inflation in 40 years. Continue reading
Mar 29 Watch 5:31 News Wrap: Gunman kills at least 5 people in a Tel Aviv suburb In our news wrap Tuesday, a gunman killed at least five people in a Tel Aviv suburb in the third such attack in Israel in a week, Shanghai's sweeping lockdown to stop a COVID surge entered a second day, South… Continue watching
Mar 24 U.S. jobless claims hit lowest level in over 50 years By Matt Ott, Associated Press The number of Americans applying for unemployment benefits last week fell to its lowest level in 52 years as the U.S. job market continues to show strength in the midst of rising costs and an ongoing virus pandemic. Continue reading
Mar 17 American jobless claims fall amid strong job rebound By Matt Ott, Associated Press Fewer Americans applied for unemployment benefits last week, as layoffs continue to decline amid a strong job market rebound. Continue reading
Mar 01 Russia takes steps to cushion itself from international economic punishments over Ukraine invasion By Associated Press Russia’s Prime Minister Mikhail Mishustin said Tuesday the government has readied measures to temporarily restrict foreign investors from divesting Russian assets, saying the step would help them make “a considered decision” rather than succumb to political pressure of sanctions. Continue reading
Feb 17 WATCH: White House economic advisor Cecilia Rouse testifies before the Senate Banking committee By News Desk and Associated Press White House economic advisor Cecilia Rouse testified before the Senate Committee on Banking, Housing and Urban Affairs on the state of the American economy. Continue reading