News
Andreessen, Chetty among leaders of Fed's new task forces evaluating operations
1+ hour, 40+ min ago (527+ words) WASHINGTON " Venture capitalist Marc Andreessen, economist Raj Chetty and former Bank of England governor Mervyn King are among a slate of names released by the Federal Reserve Thursday that will help develop recommended changes to the central bank's operations. They…...
Wall Street keeps rising, even as U. S. households keep getting more discouraged
1+ mon, 2+ week ago (17+ words) The Tri-City Record...
Retail sales growth slowed in April from March as higher gas cost leaves less room for nonessentials
1+ mon, 3+ week ago (550+ words) But economists noted that consumer spending, propped up by generous income tax refunds, is still healthy. Still, they worry that spending will fall off as benefits from the refunds dissipate, and shoppers continue to deal with the cumulative impact of…...
US consumer prices jump as Iran war sends energy prices rapidly higher
1+ mon, 4+ week ago (353+ words) The Labor Department's consumer price index rose 3. 8% from April 2025, according to data released Tuesday. On a month-to-month basis, April prices rose 0. 6% from March as gasoline prices rose 5. 4% during the month; the month-over-month gain was down from 0. 9% increase from February to…...
Lower-income Americans hit hardest by gas price spike, widening inequalities
2+ mon, 4+ day ago (32+ words) WASHINGTON (AP) " Lower-income Americans sharply reduced their gas consumption in the month following the Iran war, yet spiking prices still forced them to spend more at the pump, worsening the econom. .....
War in Iran sends inflation soaring
3+ mon, 15+ hour ago (914+ words) WASHINGTON " The largest monthly jump in gas prices in six decades caused a sharp spike in inflation last month, creating major challenges for the inflation-fighters at the Federal Reserve and heightening already substantial political hurdles for the White House. Consumer…...
Trump's tariffs were supposed to help manufacturers. But instead, they're hurting
3+ mon, 3+ week ago (1101+ words) But the tariffs at the core of Trump's economic agenda have wreaked havoc on his company, Allen Engineering Corp. , which makes industrial equipment used to install, finish and pave concrete. The import taxes have raised the costs of engines, steel,…...
Trump's "roaring' economy meets a rough start to 2026: What the latest numbers show
4+ mon, 2+ day ago (640+ words) In his State of the Union address less than two weeks ago, the Republican president confidently told the country: "The roaring economy is roaring like never before." The latest batch of data on jobs, pump prices and the stock market…...
The U. S. lost a surprising 92, 000 jobs last month
4+ mon, 4+ day ago (650+ words) WASHINGTON " American employers unexpectedly cut 92, 000 jobs last month, a sign that the labor market remains under strain. The unemployment rate blipped up to 4. 4%. Hiring deteriorated from January, when companies, nonprofits and government agencies added a healthy 126, 000 jobs, the Labor Department…...
Asia shares are mixed following Wall Street's losses, as oil edges lower
4+ mon, 4+ day ago (490+ words) U. S. futures edged higher as the war with Iran entered its seventh day, with Israeli airstrikes pounding the capitals of Iran and Lebanon. The future for the S&P 500 gained 0. 2% while that for the Dow Jones Industrial Average was up 0. 3%. In…...