Jul 05 Watch 7:43 What’s behind a thrifting boom among American shoppers By Ali Rogin, Veronica Vela While thrift stores are nothing new, they’re becoming more popular as shoppers deal with rising costs of living and even in some cases earn a living as resellers. The secondhand clothing industry is projected to grow about three times faster… Continue watching
Jul 03 U.S. employers added 147,000 jobs last month despite uncertainty over economic policy By Paul Wiseman, Associated Press The unemployment rate ticked down 4.1% from 4.2% in May, the Labor Department said Thursday. Continue reading
Jun 26 U.S. economy shrank 0.5% between January and March, worse than 2 earlier estimates had revealed By Paul Wiseman, Associated Press The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s import taxes at least temporarily disrupted business, the Commerce Department said. Continue reading
Jun 04 Watch 6:34 What’s ahead for U.S. economy as global market reacts to Trump’s tariffs By Geoff Bennett, Jackson Hudgins The Congressional Budget Office released an analysis of the impact of President Trump’s tariffs. It projects current policies would reduce the deficit by $2.8 trillion over the next decade, but raise inflation and shrink the size of the economy. It… Continue watching
Jun 03 American labor market shows resilience as job openings rise By Paul Wiseman, Associated Press U.S. job openings rose unexpectedly in April, showing that the labor market remains resilient in the face of uncertainty arising from President Donald Trump’s trade wars. Continue reading
May 29 CEO pay jumped nearly 10% in 2024 as profits and stock prices soared By Mae Anderson, Paul Harloff, Associated Press The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 10% in 2024 as the stock market enjoyed another banner year and corporate profits rose sharply. Continue reading
May 27 U.S. consumer confidence bounces back after five straight months of declines amid tariff anxiety By Matt Ott, Associated Press Consumer confidence jumped 17.4 points to 72.8, but remained below 80, which can signal a recession ahead. Continue reading
May 19 Stocks, bonds and the dollar drift after the latest downgrade to the U.S. credit rating By Stan Choe, Associated Press After recovering from an initial jolt, U.S. stocks drifted through quiet trading following the latest reminder that the U.S. government may be hurtling toward an unsustainable mountain of debt. Continue reading
May 18 Watch 5:54 Consumer confidence hits near-record low amid worries over Trump trade policy By Ali Rogin, Veronica Vela Treasury Secretary Bessent seemed to acknowledge Sunday that President Trump’s tariffs may lead to some prices going up, but downplayed fears that it would fuel inflation. This past week, a closely watched measure of consumer sentiment slid to a near-record… Continue watching
May 13 Watch 7:22 What trouble in the bond market means for your investments and the economy By Paul Solman, Diane Lincoln Estes The April inflation numbers show that prices did not jump significantly after President Trump imposed higher tariffs and then, in many cases, delayed them. But the longer term is still uncertain. The market response to the back-and-forth over trade has… Continue watching