Jul 03 As slowing economy boosts hopes for lower interest rates, Wall Street keeps hitting new records By Stan Choe, Associated Press The S&P 500 rose 0.5 percent to set an all-time high for a second straight day and for the 33rd time this year. Continue reading
Jul 03 U.S. continuing jobless claims rise for 9th straight week, though unemployment stays historically low By Matt Ott, Associated Press Analysts say that continuing claims rise because many of those who are already unemployed may now be having a harder time finding new work. Continue reading
Jul 02 U.S. inflation slowing again, but Fed Chair Powell warns it isn’t yet time to cut rates By Christopher Rugaber, Associated Press Speaking in a panel discussion at a monetary policy conference in Sintra, Portugal, Powell said Fed officials still want to see annual price growth slow further toward their 2% target before they would feel confident of having fully defeated high… Continue reading
Jun 30 Surprise mechanics’ strike causes Canadian airline WestJet to cancel more than 400 flights By Associated Press Canada's second largest airline, WestJet, said it canceled 407 flights affecting 49,000 passengers after the maintenance workers union announced it went on strike. Continue reading
Jun 27 Supreme Court to allow, for now, emergency abortions in Idaho By Associated Press The Supreme Court has cleared the way for Idaho hospitals to provide emergency abortions for now in a procedural ruling that leaves key questions unanswered. Continue reading
Jun 27 Supreme Court strips Securities and Exchange Commission of key enforcement tool By Mark Sherman, Associated Press The justices ruled in a 6-3 vote that people accused of fraud by the SEC, which regulates securities markets, have the right to a jury trial in federal court. The decision could have far-reaching effects on other regulatory agencies. Continue reading
Jun 24 ‘Supply crunch has led to an affordability crunch.’ Yellen announces efforts to help with increased housing costs By Fatima Hussein, Associated Press The Biden administration announced new steps to increase access to affordable housing as still-high prices on groceries and other necessities and high interest rates have dramatically pushed up the cost of living in the post-pandemic years. Continue reading
Jun 22 Watch 6:36 Why lower-income renters in Austin are struggling to find affordable housing By Blair Waltman-Alexin, Austin PBS Rents nationwide have cooled from historic highs, according to the latest inflation figures. Austin, Texas, is one of the places where rents are showing a downward trend, but lower-income families say their rents are often staying the same or even… Continue watching
Jun 21 U.S. home sales fall again amid rising mortgage rates and record-high prices By Alex Veiga, Associated Press Despite the pullback in sales, home prices climbed compared with a year earlier for the 11th month in a row. Continue reading
Jun 20 Former Vice President Mike Pence’s foundation launches $10 million campaign to preserve Trump-era tax cuts set to expire By Lisa Mascaro, Associated Press Former Vice President Mike Pence’s foundation is launching a $10 million campaign to preserve the Trump-era tax cuts. Continue reading