News
Cocoa crunch: Pittsburgh-area chocolatiers face Valentine’s Day amid cost crisis
2+ hour, 35+ min ago (309+ words) Petal-pink dollops of raspberry cream coast on a conveyor belt inside Sarris Candies" new production facility in Canonsburg, Pa. At one stop, a machine applies a thin layer of chocolate to the bottom of each raspberry center. Then, the candies…...
U.S. unexpectedly adds 130,000 jobs in January after a weak 2025
2+ day, 4+ hour ago (472+ words) Hiring grew a little warmer last month after a chilly year in 2025. A report from the Labor Department on Wednesday showed U.S. employers added a better-than-expected 130,000 jobs in January " but an annual update shows hiring last year was much weaker than…...
5 papers from the Super Bowl of Economics
1+ week, 3+ day ago (1460+ words) For most Americans, the Super Bowl is this Sunday. But for several of us at Planet Money, and several thousand economists from all around the world, our Super Bowl was a few weeks ago in Philadelphia " at the annual gathering…...
Trump taps Kevin Warsh to lead the Federal Reserve
2+ week, 1+ hour ago (790+ words) President Trump plans to nominate Kevin Warsh to be the next chair of the Federal Reserve, in hopes that Warsh will follow his roadmap towards much lower interest rates. Trump has repeatedly complained that the current Fed Chairman, Jerome Powell,…...
Trump thinks a weaker dollar is great for America. Is he right?
2+ week, 8+ hour ago (694+ words) The dollar continues to sink " but is that a good thing for the U.S. economy? President Trump seems to think so. On Tuesday, he said he welcomed the decline. Compared against a basket of major foreign currencies, the dollar is now…...
Fed holds interest rates steady, taking a pause from rate cuts to assess the economy
2+ week, 1+ day ago (452+ words) The Federal Reserve held interest rates steady Wednesday, as expected, despite pressure from President Trump for much lower borrowing costs. The central bank has already cut its benchmark interest rate three times since September, making it cheaper to borrow money…...
Pittsburgh’s unemployment rate rises in first data released since shutdown
2+ week, 4+ day ago (388+ words) The unemployment rate in the Pittsburgh region ticked up during the past year but remained lower than the national rate, according to the first local economic numbers released since the federal government shutdown last fall. In November, 4.1% of people in…...
How have prices changed in a year? NPR checked 114 items at Walmart
4+ week, 2+ day ago (912+ words) LIBERTY COUNTY, Ga. " What brings Greg Reyes to this Walmart south of Savannah are the low prices. He and his wife keep a close eye on their limited budget; she's retired and he's disabled. Their grocery list is always the…...
Trump calls for a 10% cap on credit card interest rates
1+ mon, 21+ hour ago (366+ words) President Donald Trump has floated the idea of putting a one-year cap on credit card interest rates at 10%. "They've really abused the public," Trump told reporters aboard Air Force One Monday, describing credit card companies. "I'm not going to let…...
The Federal Reserve's independence is under threat. Why does that matter?
1+ mon, 1+ day ago (131+ words) The Federal Reserve's independence is under threat. Why does that matter?90.5 WESA - On Air Now Playing WESA " Pittsburgh's NPR News Station - On Air Now Playing JazzWorks " Pittsburgh's Best Jazz - On Air Now Playing WYEP " Where The Music Comes First The…...