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WebMassive AI buildout poses latest inflation threat as consumers pay more for laptops and electricity
2+ hour, 34+ min ago (830+ words) By CHRISTOPHER RUGABER Associated Press Massive buildout sending prices up A shopper looks over Apple MacBook laptops on display in a Costco warehouse on June 2 in Sheridan, Colo. Federal Reserve Chairman Kevin Warsh speaks during a news conference following the…...
America In Focus: Fed officials divided on US inflation views; US home prices hit all-time high
1+ day, 4+ hour ago (889+ words) By MICHELLE CHAPMAN Associated Press An electronic billboard with an image of President Donald Trump that reads, ‘“I love the inflation.” - Donald J. Trump June 10, 2026,’ near I-74 in Cincinnati on June 16. The economy, inflation and how those forces could impact…...
Average 30-year US mortgage rate falls to 6.43%, its lowest level in seven weeks
1+ week, 3+ day ago (483+ words) By ALEX VEIGA AP Business Writer FILE - A “For Sale” sign is seen on Tuesday, Jan. 6, 2026, in Portland, Ore. The average long-term U.S. mortgage rate fell this week to its lowest level since mid-May, easing borrowing costs for prospective…...
US stocks end mixed, weighed down by drops in Big Tech, even as oil prices fall
3+ week, 2+ hour ago (388+ words) By STAN CHOE Associated Press Options trader Joseph D’Arrigo works on the floor of the New York Stock Exchange on June 16. NEW YORK — U.S. stocks drifted through a mixed day of trading after oil prices eased and falling Big…...
PA unemployment rate remains under national average at 4.2%
3+ week, 4+ day ago (282+ words) WILKES-BARRE — Pennsylvania’s unemployment rate was at 4.2% for the fourth month in a row in May. The PA rate remained one-tenth of a percentage point below the U.S. unemployment rate, which was also unchanged over the month at 4.3%. The Pennsylvania…...
Stocks slump as Big Tech sinks and a strong May jobs report boosts odds for higher interest rates
1+ mon, 1+ week ago (722+ words) By DAMIAN J. TROISE and ALEX VEIGA Associated Press Specialist Anthony Matesic works at his post on the floor of the New York Stock Exchange on Wednesday. Specialist John McNierney, left, and trader William Lawrence work on the floor of the…...
Gautam Mukunda: The American divide exposes the high GDP fallacy
1+ mon, 2+ week ago (316+ words) Gautam Mukunda Bloomberg Opinion President Donald Trump listens to a question from a reporter in Feb., 2026, as he speaks in the Oval Office in Washington. The American economy is a wonder. The Economist observed that average wages in America’s poorest…...
Crestwood school board approves proposed budget with no tax increase
1+ mon, 3+ week ago (344+ words) The Crestwood school board approved its proposed budget Wednesday with no tax increase. The Crestwood school board approved its $53.4 million proposed final budget Wednesday with no tax increase. The proposed budget includes $53,437,803 in expenses and $52,040,685 in revenue, creating a gap…...
US home sales flat in April as lackluster spring homebuying season lurches forward
2+ mon, 2+ day ago (688+ words) By ALEX VEIGA Associated Press Lackluster spring season lurches forward A for-sale sign is posted outside a home on Feb. 10 in Nashville, Tenn. Sales of previously occupied U.S. homes were essentially flat in April, another lackluster showing for the housing market…...
How a weaker dollar is quietly making life more expensive
2+ mon, 1+ week ago (938+ words) By MATT SEDENSKY Associated Press U.S. currency in New York. Twenty-dollar bills are counted in North Andover, Mass. NEW YORK — A hidden force is quietly pushing up costs for everything from your summer vacation to your weekly grocery bills: a weaker…...