News
As national rate increases, PA unemployment rate drops to 4. 2% in February
10+ hour, 13+ min ago (270+ words) WILKES-BARRE " Pennsylvania's unemployment rate was down one-tenth of a percentage point over the month to 4. 2% in February. Over that same period, the U. S. unemployment rate increased one-tenth of a point from January to 4. 4%. The Pennsylvania Department of Labor & Industry (L&I) on…...
Mc Donald's tries a simpler approach with its new Mc Value menu
1+ week, 4+ day ago (761+ words) By DEE-ANN DURBIN Associated Press Carlos Paz picks a Mc Value menu selection at a Mc Donald's on March 31 in Los Angeles. The oldest operating Mc Donald's restaurant still has the original Golden Arches fa'ade on March 31 in Downey, Calif....
Key Fed official sees possible rate hike amid higher gas prices, inflation concerns
1+ week, 4+ day ago (586+ words) By CHRISTOPHER RUGABER Associated Press The seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington in 2018. WASHINGTON " A top Federal Reserve…...
Pennsylvania unemployment rate down to 4. 3% in January
2+ week, 10+ hour ago (223+ words) WILKES-BARRE " Pennsylvania's unemployment rate was down one-tenth of a percentage point over the month to 4. 3% from December. The PA rate matched the U. S. unemployment rate, which was also down one-tenth of a point from December. The Commonwealth's unemployment rate was two-tenths…...
High oil prices knock down stocks and erase Wall Street's hopes for a cut to interest rates
4+ week, 2+ hour ago (816+ words) By STAN CHOE AP Business Writer Traders work on the floor at the New York Stock Exchange in New York, Thursday, March 19, 2026. The S&P 500 fell 1. 5% to close its fourth straight losing week, its longest such streak in a year....
Federal Reserve projects one rate cut this year, sees limited economic impact from Iran war
4+ week, 2+ day ago (542+ words) By CHRISTOPHER RUGABER Associated Press Federal Reserve Chair Jerome Powell speaks during a news conference, Wednesday, Jan. 28, at the Federal Reserve Board Building in Washington. WASHINGTON " Federal Reserve officials expect the Iran war will worsen inflation this year while having…...
Wall Street steadies after its AI-induced sell-off
2+ mon, 3+ day ago (789+ words) By STAN CHOE Associated Press Trader Fred Demarco, right, works on the floor of the New York Stock Exchange Friday in New York. NEW YORK " U. S. stocks steadied on Friday after an encouraging update on inflation helped calm a Wall Street…...
US stocks drift higher as gold, silver, bitcoin stabilize
2+ mon, 1+ week ago (774+ words) By STAN CHOE Associated Press Specialist Anthony Matesic works at his post on the floor of the New York Stock Exchange on Friday. A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities…...
Pennsylvania's unemployment rate unchanged at 4. 2% in December
2+ mon, 3+ week ago (248+ words) WILKES-BARRE " Pennsylvania's unemployment rate was unchanged over the month at 4. 2% in December " the 31st consecutive month at or below the national average. The Pennsylvania Department of Labor & Industry (L&I) on Friday released its preliminary employment situation report for December 2025. The U. S. unemployment…...
Federal Reserve Chair Powell says DOJ has subpoenaed central bank, threatens criminal indictment
3+ mon, 5+ day ago (415+ words) By CHRISTOPHER RUGABER Associated Press Federal Reserve Chairman Jerome Powell, right, and President Donald Trump look over a document of cost figures during a visit to the Federal Reserve on July 24, 2025, in Washington. WASHINGTON " Federal Reserve Chair Jerome Powell said…...