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News
US economy expanded at sluggish 1.5% pace in second quarter, on par with earlier estimate
4+ hour, 15+ min ago (310+ words) Growth in gross domestic product — the nation’s output of a goods and services — decelerated from a 2.1% pace from January through March, the Commerce Department reported Wednesday. The second-quarter growth number was unchanged from the department’s first estimate. Still, consumer spending…...
US unemployment claims dropped to 206,000 last week with layoffs still sparse
6+ day, 5+ hour ago (388+ words) The Labor Department reported Thursday that jobless claims dropped to 206,000 last week from a revised 212,000 the week before. The four-week average of claims, which smooths out week-to-week ups and downs, ticked up to 204,000 last week from 199,750. Claims for jobless benefits…...
Let’s Talk Money: Interest Rates
2+ week, 17+ min ago (38+ words) fox5sandiego.com Why might interest rates stay higher for longer? Brent Wilsey breaks down what’s happening with the economy, what’s influencing interest rates and what it could mean for your finances and investment strategy....
Inflation cooled last month as gas prices fell, though costs remain elevated
2+ week, 4+ hour ago (873+ words) Consumer prices rose 3.4% in July from a year ago, down slightly from 3.5% in June, the Labor Department said Wednesday. But inflation is still higher than before the Iran war began in February, when it was 2.4%. On a monthly basis, prices…...
Pistachio prices set to rise amid demand, lower yield
2+ week, 5+ day ago (188+ words) (NewsNation) — Pistachio prices may soar after California experienced an unusually hot spring, leaving the industry facing a smaller-than-expected crop and high demand. The forecast for the 2026 harvest sits at around 800 million pounds, down from 2025’s 1.6 billion-pound harvest, a record for…...
US loses 23,000 jobs in July, unemployment dips slightly
2+ week, 5+ day ago (640+ words) The U.S. economy lost 23,000 jobs in July, and the unemployment rate dipped slightly to 4.1 percent, according to new data released Friday by the Bureau of Labor Statistics. Both the May and June jobs reports, however, were revised lower Friday by a…...
Cost of living surges as Americans’ top concern, as Iran war dips: Poll
2+ week, 6+ day ago (363+ words) (The Hill) — Cost of living and inflation are the top concern for Americans over the Iran war and the economy, according to a new poll. A Marquette University Law School poll released Wednesday shows the most important issue for American…...
Let’s Talk Money with Brent Wilsey: Why Investments Can Disappoint
2+ week, 6+ day ago (51+ words) fox5sandiego.com Not every investment performs the way we hope. Financial expert Brent Wilsey explains some of the most common reasons investors end up disappointed, from unrealistic expectations to emotional decision-making, and shares practical tips for building a smarter long-term financial…...
The ‘rockets and feathers’ effect: Inflation eases but grocery bills do not
1+ mon, 1+ day ago (780+ words) Economics has a term for what U.S. grocery prices have done in recent years: rockets and feathers. Rockets, because the cost of food eaten at home zoomed up in the aftermath of the pandemic. Feathers, because once prices rise, they’re slow…...
US weekly unemployment claims fall to 208,000, fewest in 10 weeks
1+ mon, 1+ week ago (266+ words) The number of Americans applying for jobless aid in the week ending July 11 dropped by 8,000 to 208,000, the Labor Department reported Thursday. That’s well below the 219,000 new applications forecast by analysts surveyed by the data firm FactSet. Weekly filings for unemployment…...