Dec 26 U.S. consumers increased holiday spending this year even as they battled higher prices By Anne D'Innocenzio, Haleluya Hadero, Associated Press New data shows holiday sales rose this year even as Americans wrestled with still high prices in many grocery necessities and other financial worries. Continue reading
Dec 18 Watch 5:34 Fed lowers interest rates again but inflation concerns make future cuts uncertain By Geoff Bennett The Federal Reserve lowered rates for the third consecutive time but also suggested there won’t be as many interest rate cuts in the year ahead as it once planned. Chairman Jerome Powell said the cut wasn’t an easy decision because… Continue watching
Dec 13 Only 3 in 10 Americans highly confident in Trump on Cabinet, spending or military, AP-NORC poll says By Linley Sanders, Meg Kinnard, Associated Press Only about 3 in 10 are "extremely" or "very" confident that Trump will pick qualified people to serve in his administration. Continue reading
Dec 10 WATCH: Biden looks back at his economic record in speech at Brookings Institution By News Desk President Joe Biden said Tuesday he was “stupid” not to put his own name on pandemic relief checks in 2021, noting that Donald Trump had done so in 2020 and likely got credit for helping people out through this simple,… Continue reading
Dec 03 Watch 7:33 Why so many Americans are dissatisfied with the seemingly solid economy By Paul Solman, Diane Lincoln Estes There is a disconnect between seemingly solid economic numbers and the way people feel about this economy. Voters clearly were upset about the cost of living and that helped elect Donald Trump to a second term. Economics correspondent Paul Solman… Continue watching
Dec 03 U.S. job openings rose in October but hiring slowed, in a mixed picture for the labor market By Christopher Rugaber, Associated Press The increase suggests that job gains could pick up in the coming months, but the latest figure is down significantly from 8.7 million job postings a year ago. Continue reading
Nov 29 Does Black Friday still reign as a holiday shopping juggernaut? By Anne D'Innocenzio and Haleluya Hadero, Alexandra Olson, Associated Press The day after Thanksgiving still reigns as the unofficial kickoff of the holiday shopping season even if it's lost some luster. Continue reading
Nov 29 Retailers hope bigger Black Friday deals energize holiday shoppers By Anne D'Innocenzio Retailers in the United States and some other countries have spent weeks pushing early holiday deals, but they are trying to seduce customers with promises of bigger discounts on Black Friday. Continue reading
Nov 27 U.S. inflation gauge ticks higher with consumer prices on the rise By Christopher Rugaber, Associated Press According to the Federal Reserve’s preferred inflation gauge, consumer prices rose 2.3% in October from a year earlier, the Commerce Department said Wednesday. Continue reading
Nov 26 Watch 8:05 A look at Trump’s tariffs and the economic consequences for consumer prices and businesses By William Brangham, Azhar Merchant President-elect Trump is wasting no time when it comes to making good on his promise to impose tariffs on foreign nations. He announced he would slap major new tariffs on Mexico, Canada and China on his first day in office. Continue watching