Aug 13 Trump and Musk discussed firing striking workers. The UAW is now seeking an NLRB investigation By Tom Krisher, Associated Press During a discussion about government spending, former President Donald Trump praised Elon Musk for firing workers who went on strike. Continue reading
Aug 13 In AI race with Apple, Google rolls out Pixel 9 phones earlier than usual By Michael Liedtke, Associated Press Google left little doubt that the Pixel 9 phones are meant to be a vessel for the AI technology that is expected to reshape the way people live and work. Continue reading
Aug 12 Americans are refusing to pay high prices. That might deal the final blow to inflation By Christopher Rugaber, Associated Press The economy appears to be returning to pre-pandemic norms, when most companies felt they couldn't raise prices much without losing business. Continue reading
Aug 09 Wall Street unsteady as markets try to recoup losses from eventful week By Matt Ott, Associated Press Broadly strong earnings reports have helped buoy the market in a week that began with an anxious sell-off on concerns about the labor market and broader economy. Continue reading
Aug 06 Stocks bounce back from worst drop in nearly 2 years By Stan Choe, Associated Press Calm returned to Wall Street after Japan’s market soared earlier Tuesday to claw back much of the losses from its worst day since 1987. Continue reading
Aug 06 Wall Street steadies after worst day in nearly 2 years, economic fears and finance structures blamed By Stan Choe, Associated Press Several factors have been behind the recent swoon for markets, including fears about a slowing U.S. economy. Some technical reasons may also be accelerating movements for markets worldwide. Continue reading
Aug 05 Court rules Google’s search engine dominance is antitrust violation and illegal By Matthew Barakat, Michael Liedtke, Associated Press The highly anticipated decision issued by U.S. District Judge Amit Mehta comes nearly a year after the start of a trial pitting the U.S. Justice Department against Google in the country's biggest antitrust showdown in a quarter century. Continue reading
Aug 05 Dow drops 1000 points, worst fall since 2022, amid global rout By Stan Choe, Associated Press Wall Street fell the most in nearly two years, continuing a global rout in financial markets, as fear worsens that the U.S. economy is slowing down. Continue reading
Aug 02 Unemployment rise shakes stock markets, yet recession signals have been wrong — so far By Christopher Rugaber, Paul Wiseman, Associated Press The U.S. economy used to flash reliable signals when it was in or near a recession. But those red lights have gone haywire since the COVID-19 pandemic struck and upended normal business activity. Over the past two or three years,… Continue reading
Aug 02 U.S. hiring slows with just 114,000 jobs added in July, unemployment rate hits 4.3 percent By Paul Wiseman, Associated Press U.S. hiring decelerated sharply last month in the face of high interest rates as employers added a weak 114,000 jobs. Friday's Labor Department report showed a drop from the 179,000 jobs created in June. Continue reading