Aug 20 How fast and how far could the Fed cut rates? Powell may give hint during Friday speech By Christopher Rugaber, Associated Press A lower Fed benchmark rate would eventually lead to lower rates for auto loans, mortgages and other forms of consumer borrowing. Continue reading
Aug 19 WATCH: Union leaders speak at 2024 Democratic National Convention By Associated Press Liz Shuler, head of the AFL-CIO, said that Trump’s plans were “a CEO’s dream, but a worker’s nightmare.”… Continue reading
Aug 16 U.S. consumer sentiment rises this month amid optimism over Harris’ presidential bid By Paul Wiseman, Associated Press Americans’ expectations for the future rose, while their assessment of current economic conditions sank slightly. Democrats’ sentiment rose, and Republicans’ fell. Continue reading
Aug 16 Harris has proposed a slew of economic policies. Here’s a look at what’s in them By Will Weissert, Associated Press Among other proposals, Harris wants to increase homebuilding and affordable housing stock, provide more tax incentives for first-time homebuyers, and cancel accumulated medical debt for millions of Americans. Continue reading
Aug 16 WATCH: Harris debuts economic proposals to lower costs for Americans By Matt Brown, Makiya Seminera, Associated Press Vice President Kamala Harris will be in the battleground state of North Carolina on Friday to lay out her plans, including a proposal for a federal ban on price gouging on groceries. Continue reading
Aug 15 Wall Street rallies to one of its best days of the year By Stan Choe, Associated Press The S&P 500 jumped 1.6% for its fourth-best day of the year and its sixth straight gain as the U.S. stock market rights itself following a scary few weeks. Continue reading
Aug 15 Americans spent more at retailers in July despite higher prices By Christopher Rugaber, Anne D'Innocenzio, Associated Press Americans stepped up spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates. Continue reading
Aug 15 Wally Amos, cookie empire creator and literacy advocate, dies at 88 By Jennifer Sinco Kelleher, Associated Press Amos created the Famous Amos cookie empire and eventually lost ownership of the company — as well as the rights to use the catchy Amos name. Continue reading
Aug 14 WATCH: Trump makes big economic promises and veers off topic during speech in Asheville, NC By Bill Barrow, Associated Press Donald Trump made little effort to stay on message Wednesday at a rally in North Carolina that his campaign billed as a big economic address, mixing pledges to slash energy prices and “unleash economic abundance” with familiar off-script tangents on… Continue reading
Aug 14 Year-over-year inflation hits lowest level in three years, clearing way for Fed to begin cutting rates By Christopher Rugaber, Associated Press Measured from a year earlier, prices rose 2.9%, down from 3% in June. It was the mildest year-over-year inflation figure since March 2021. Continue reading