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
Jan 12 Inflation jumps 7 percent, the biggest increase since 1982, as Americans increase spending By Christopher Rugaber, Associated Press Prices paid by U.S. consumer jumped 7% in December from a year earlier, the highest inflation rate since 1982 and the latest evidence that rising costs for food, gas, rent and other necessities are heightening the financial pressures on America's… Continue reading
Dec 27 Stocks slightly higher as traders return from holiday By Associated Press Stocks are opening higher in muted trading on Wall Street Monday as traders return from the Christmas holiday. Continue reading
Dec 19 Watch 4:46 Prices for new and used cars skyrocket leading up to the holidays By PBS NewsHour With the auto industry still reeling from a computer chip shortage and low production due to COVID-19 shutdowns, rising car prices show no signs of abating soon—and consumers are bearing the brunt of it, with record high average asking prices… Continue watching
Dec 12 Inflation is painfully high, but some relief may be coming By Stan Choe, Cathy Bussewitz, Associated Press Prices have dropped on global markets for crude oil and natural gas, which is filtering into lower prices at the pump and for home heating. That should keep inflation somewhat in check, even if prices keep rising elsewhere in the… Continue reading
Nov 29 How rising prices affect people differently, and what it says about the economy By Chloe Jones Inflation rates, especially for food prices, have spiked quickly and are being felt hardest by those earning lower wages. These price increases have led many people to believe the economy is in a bad place, but experts say the opposite. Continue reading
Nov 26 Stores kick off Black Friday but pandemic woes linger By Anne D'Innocenzio, Associated Press Retailers are expected to usher in the unofficial start to the holiday shopping season Friday with bigger crowds than last year in a closer step toward normalcy. But the fallout from the pandemic continues to weigh on businesses and shoppers’… Continue reading
Nov 22 Amid lost jobs, middle class Afghans slide into poverty By Lee Keath, Associated Press Many Afghan families who once had steady, stable incomes have plummeted into desperation, uncertain of how they will pay for their next meal. Continue reading