Jul 13 Watch 7:26 How Democrats are feeling about the midterm elections Less than four months until midterm elections, Democrats are facing a series of headwinds on inflation, gun violence and abortion rights. A New York Times-Siena College poll just out shows 60 percent of voters, including a quarter of Democrats, disapprove… Continue watching
Jul 13 U.S. inflation at 9.1 percent, a record high By Christopher Rugaber, Associated Press Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve, with higher borrowing costs to… Continue reading
Jul 11 Watch 8:24 Inflation and high housing costs spur more baby boomers to find roommates By Paul Solman, Diane Lincoln Estes Amid high inflation and rising housing costs, some seniors are turning to home-sharing. Economics correspondent Paul Solman has the story about a growing number of baby boomers who are becoming "boommates."… Continue watching
Jul 09 Millions of Muslims observe Eid al-Adha amid high prices By Amr Nabil, Isabel Debre, Associated Press Known as the “Feast of Sacrifice,” the revered observance coincides with the final rites of the annual hajj in Saudi Arabia. Continue reading
Jul 08 Inflation, personal expenses rise sharply as election priorities, poll suggests By Hannah Fingerhut, Associated Press A new poll from The Associated Press-NORC Center for Public Affairs Research shows an upheaval in priorities just months before critical midterm elections. Continue reading
Jul 08 U.S. employers added 372,000 jobs in June, with unemployment at 50-year low By Chris Rugaber, Associated Press America's employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates to cool the economy and slow price increases. Continue reading
Jul 07 Inflation pushed 71 million people into poverty since war in Ukraine began By Aya Batrawy, Associated Press A staggering 71 million more people around the world are experiencing poverty as a result of soaring food and energy prices that climbed in the weeks following Russia's war in Ukraine. Continue reading
Jul 06 Federal Reserve signals further hikes in interest rates to 'restrictive' levels By Christopher Rugaber, Associated Press Federal Reserve officials were concerned at their meeting last month that consumers were starting to anticipate higher inflation, and they signaled that much higher interest rates could be needed to restrain it. Continue reading
Jul 04 Watch 9:16 High gas prices and canceled flights create holiday headaches for Americans After holding off for part of the pandemic, Americans are traveling in big numbers this summer, but it’s turning out to be much more difficult than many expected, whether you’re flying or driving. We asked people to share their experiences… Continue watching
Jul 01 Watch 3:52 Supply chain issues put a damper on July 4 fireworks By Stephanie Sy, Layla Quran Problems with the global supply chain have impacted nearly every sector of the economy. Now Americans preparing to celebrate Independence Day may find increased prices on the fireworks aisle, or their cities canceling fireworks displays altogether. Stephanie Sy has the… Continue watching