News
Trump says tariffs have led to an ‘economic miracle,’ but facts show otherwise
2+ hour, 18+ min ago (1277+ words) By PAUL WISEMAN and CHRISTOPHER RUGABER, AP Economics Writers He made his case in a recent opinion piece in The Wall Street Journal, chiding the paper and critics, including mainstream economists, who predicted that tariffs would backfire, raising prices and…...
Key food prices soar nationwide: ‘Absolutely insane’
3+ week, 9+ hour ago (263+ words) The latest inflation data is showing that the prices of a kitchen staple has soared. Something it's been doing over the past year. Fox Business reports that " according to the December consumer price index (CPI), as released by the Bureau…...
Bankers express ‘full solidarity’ with Fed chairman in clash with Trump
3+ week, 2+ day ago (233+ words) By DAVID McHUGH, AP Business Writer Powell "has served with integrity, focused on his mandate and an unwavering commitment to the public interest," read the statement signed by nine national central bank heads including European Central Bank President Christine Lagarde…...
Beef, smartphones and health insurance: 8 things that will be more expensive in 2026
1+ mon, 4+ day ago (671+ words) It feels like we're paying more for nearly everything these days. Grocery, medical and utility bills rose significantly in 2025 amid ongoing concerns about the rising cost of living. Several economists recently told CBS News the U.S. should see economic improvement in…...
The US gained 64,000 jobs in November but lost 105,000 in October
1+ mon, 3+ week ago (588+ words) By PAUL WISEMAN, AP Economics Writer The unemployment rate rose to 4.6%, highest since 2021. Both the October and November job creation numbers, released Tuesday by the Labor Department, came in late because of the 43-day federal government shutdown. American companies are…...
Tariffs are affecting holiday prices and purchases this year: Here’s how
1+ mon, 3+ week ago (931+ words) By MAE ANDERSON, AP Business Writer Green garlands, giant nutcrackers, baubles and bows go up in early November on the historic downtown building that houses the gift shop. Inside, customers can choose from over 500 different types of ornaments and a…...
Black Friday 2025: Shoppers flock to stores despite economic uncertainty
2+ mon, 1+ week ago (836+ words) NEW YORK " Black Friday no longer tempts people to leave Thanksgiving tables for midnight mall runs, but the annual sales event still brings more shoppers into stores than any day of the year and rules as the U.S. retail industry's unofficial…...
High costs, sluggish job gains erode consumer confidence with holiday shopping season underway
2+ mon, 1+ week ago (393+ words) WASHINGTON " U.S. consumers were much less confident in the economy in November in the aftermath of the government shutdown, weak hiring and stubborn inflation. The Conference Board said Tuesday that its consumer confidence index dropped to 88.7 in November from an upwardly…...
How pricey is Thanksgiving food this year? Here’s what to know
2+ mon, 1+ week ago (348+ words) Thanksgiving is somehow already here. And given how much words like "inflation" and "tariffs" get thrown around these days, many people are " understandably " probably wondering how much the turkey and crew will cost them this year. Reuters reports that a…...
Walmart raises profit expectations as American shoppers hunt deals
2+ mon, 2+ week ago (353+ words) By ANNE D'INNOCENZIO, AP Retail Writer With other retailers dialing back projections, the nation's largest retailer raised its financial outlook Thursday after its strong third quarter, setting itself up for a strong holiday shopping season. CEO Doug McMillon, who surprised…...