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News
New Fed chair Kevin Warsh under pressure to clarify views on inflation, interest rates
1+ hour, 31+ min ago (757+ words) But so far, many economists and Wall Street investors haven’t been thrilled with that approach. On Friday, Warsh has a high-stakes opportunity to address those concerns and underscore his inflation-fighting bona fides when he gives his speech in Jackson Hole,…...
Wholesale price inflation slows last month as gas, food costs fall
2+ week, 23+ hour ago (261+ words) The Labor Department’s producer price index — which captures inflation before it reaches consumers — rose 4.7% in July from a year ago, down from a much larger 5.5% increase in June. On a monthly basis, wholesale prices were unchanged from June to July,…...
America In Focus: US employers unexpectedly cut 23,000 jobs; mortgage rates rise again
2+ week, 5+ day ago (633+ words) Here’s a snapshot of prominent economic data and news that occurred over the past week and what it potentially means for you. U.S. employers unexpectedly cut 23,000 jobs last month, and Labor Department revisions shaved 103,000 jobs off payrolls in May and…...
Fed leaves interest rate unchanged but with 3 dissents as Warsh praises ‘good family fight’
4+ week, 1+ day ago (591+ words) The Fed’s rate-setting committee reached its decision after two days of deliberations, marking the fifth straight meeting at which the benchmark rate was kept at around 3.6%. Some economists and Wall Street analysts had predicted the Fed would hike its rate…...
Between prices and a diarrhea-causing parasite, lettuce is causing hard times at some restaurants
4+ week, 1+ day ago (571+ words) Lettuce prices rose sharply in the first half of 2026 due to hot weather in Arizona, where about one-third of America’s lettuce is grown. Now, restaurants are dealing with the fallout from a cyclospora outbreak linked to shredded lettuce that has…...
Wilmington housing market remains stronger than much of the South despite affordability challenges, economist says
4+ week, 2+ day ago (567+ words) WILMINGTON, NC (WWAY) — While high mortgage rates and affordability concerns continue to cool much of the nation’s housing market, Wilmington remains one of the stronger real estate markets in the South, according to a Realtor.com economist. Joel Berner, senior…...
New manufacturing hub aims to boost research, workforce development in western North Carolina
4+ week, 2+ day ago (241+ words) A coalition of federal, state, higher education and industry partners has launched the Western North Carolina Futures Factory, a new initiative aimed at expanding advanced manufacturing, workforce training and research commercialization across the state. RESEARCH TRIANGLE PARK, NC (WWAY) â…...
America In Focus: New tariffs, soaring gas, mortgages and a down week for Wall Street
1+ mon, 2+ day ago (728+ words) Here’s a snapshot of prominent economic data and news that occurred over the past week and what it potentially means for you. President Donald Trump is going ahead with new double-digit tariffs on dozens of U.S. trading partners just as…...
America In Focus: US inflation cooled in June, but AI build-out poses latest threat
1+ mon, 1+ week ago (715+ words) Here’s a snapshot of prominent economic data and news that occurred over the past week and what it potentially means for you. American consumers — and the Federal Reserve — are being hit with another high-cost headache. The gusher of investment in…...
Falling gas prices likely cut inflation last month but renewal of Iran war could undo progress
1+ mon, 2+ week ago (733+ words) The government’s latest inflation report, to be released Tuesday, is forecast to show that consumer prices dropped 0.2% in June, according to a survey of economists by data provider FactSet. It would be the first monthly decline in nearly four years....