Sep 13 Watch 6:22 Inflation remains stubbornly high, raising fears of more interest rate hikes The August inflation report is out and the U.S. Labor Department says overall consumer prices rose 8.3% from a year ago. That's slightly lower than July's increase, but amid fears of more interest rate hikes, it led to Wall Street's… Continue watching
Sep 08 Watch 4:20 New poll shows Americans’ views on economy heading into midterms By Lisa Desjardins A PBS NewsHour/NPR/Marist poll out Thursday is providing a new snapshot of how Americans view the economy, abortion and former President Trump ahead of November's midterm elections. Lisa Desjardins breaks down the numbers. Continue watching
Jul 28 U.S. economy shrinks for 2nd straight quarter By Paul Wiseman, Associated Press The United States economy contracted at a 0.9% annual pace last quarter, raising fears that the nation may be approaching a recession. Continue reading
Jul 26 Watch 8:38 Federal Reserve risks recession by raising interest rates to fight inflation The Federal Reserve is expected to raise interest rates again this week by three-quarters of a point. Fed Chair Jerome Powell has made it clear he wants to substantially curb the rate of inflation. But there are serious concerns the… Continue watching
Jun 17 Watch 4:11 News Wrap: FDA authorizes first COVID-19 vaccines for children under age 5 In our news wrap Friday, the Food and Drug Administration authorized the first COVID-19 vaccines for children under age 5, the Federal Reserve doubled down on its pledge to curb soaring inflation, former Trump adviser Peter Navarro pleaded not guilty… Continue watching
Jun 13 Watch 6:02 Markets plunge amid fears of sharply higher interest rates Wall Street has gone into meltdown mode over inflation fears and the possibility that higher interest rates are imminent. The Dow Jones Industrial Average, NASDAQ and the S&P 500 all fell significantly. It is now officially a bear market, down… Continue watching
Jun 10 Watch 5:01 Inflation rises faster than expected, pinching pocketbooks and spooking the markets New inflation numbers out Friday show the nation's economic pain has not peaked, and is still getting worse. The U.S. Labor Department reports consumer prices rose 8.6 percent in May from a year ago, marking the biggest increase in more… Continue watching
May 20 Watch 5:25 Investors scramble as the S&P 500 dives into bear market territory Financial markets closed out the week with yet another head-spinning day, with one of the main indexes, the S&P 500, plunging for almost three hours into bear market territory, signifying a drop of 20 percent or more from its prior… Continue watching
May 20 Watch 4:39 News Wrap: CDC approves Pfizer COVID vaccine booster shots for children ages 5 to 11 In our news wrap Friday, children in the U.S. ages 5 to 11 began receiving their Pfizer COVID vaccine booster shots after the CDC gave its final approval, a federal judge rules COVID asylum restrictions must continue on the border,… Continue watching
May 19 Watch 4:58 News Wrap: Biden backs Finland and Sweden’s NATO bids as Senate votes to send Ukraine aid In our news wrap Thursday, President Biden backs Finland and Sweden's bids to join NATO, the U.S. Senate voted to send Ukraine an additional $40 billion in military and economic aid, a grand jury indicted the white man accused of… Continue watching