Economy

LONDON (AP) — The price of bitcoin hit a new high Wednesday as investors bet that former President Donald Trump's victory in the U.S. presidential election will be a boon for cryptocurrencies. Bitcoin jumped nearly 8% in early trading, climbing above $75,000... Read More

WASHINGTON (AP) — America’s employers added just 12,000 jobs in October, a total that economists say was held down by the effects of strikes and hurricanes that left many workers temporarily off payrolls. The report provided a somewhat blurry view of the... Read More

WASHINGTON — Sixteen attorneys general are asking congressional leaders to take action to prevent price gouging as popular opinion polls show inflation is becoming a major concern of consumers. Rising grocery prices top their list of complaints. Housing is another... Read More

WASHINGTON (AP) — The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates. Wednesday’s report from the Commerce Department said the gross domestic product... Read More

WASHINGTON (AP) — Four days before Election Day, the government will issue its final snapshot of hiring and unemployment in the United States after a presidential race in which voter perceptions of the economy have played a central role. Yet Friday's report... Read More

HOMESTEAD, Fla. (AP) — Jeremy Ford hates wasting water. As a mist of rain sprinkled the fields around him in Homestead, Florida, Ford bemoaned how expensive it had been running a fossil fuel-powered irrigation system on his five-acre farm —... Read More

RALEIGH, N.C. (AP) — The catastrophic flooding and destruction caused by Hurricane Helene in western North Carolina likely caused at least a record $53 billion in damages and recovery needs, Gov. Roy Cooper's administration said Wednesday. The state budget office generated the... Read More

WASHINGTON (AP) — Treasury Secretary Janet Yellen is telling world financial leaders that the U.S. economy has grown stronger because the Biden administration rejected isolationism, offering a barely veiled criticism of former President Donald Trump’s policies two weeks before the U.S. election. Yellen... Read More

WASHINGTON (AP) — Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely." Yet most mainstream economists say Trump’s policy proposals wouldn't vanquish inflation. They’d make it worse. They warn that his plans... Read More

WASHINGTON (AP) — Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news in the closing weeks of the presidential... Read More

WASHINGTON — President Joe Biden on Tuesday urged both sides in the labor dispute that shut down East Coast and Gulf Coast ports last night to get back to the table and restart negotiations “fairly and quickly.” Just after midnight,... Read More

WASHINGTON (AP) — The Federal Reserve's preferred inflation measure on Friday provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts this year and next. Prices rose just 0.1% from... Read More

WASHINGTON — Vice President Kamala Harris laid out her economic vision during a speech before business leaders in Pittsburgh on Wednesday, encouraging them to join in an “active partnership” to create an “opportunity economy” in which costs will be lower,... Read More

WASHINGTON (AP) — Congress is expected Wednesday to give swift approval to a temporary spending bill that would keep federal agencies funded when the new fiscal year begins next Tuesday, avoiding a potential shutdown showdown just weeks before the Nov.... Read More

NEW YORK (AP) — Vice President Kamala Harris raised $27 million at a packed New York City fundraiser on Sunday, her largest fundraising haul since she took over at the top of the ticket from President Joe Biden, according to a Harris campaign aide. Though Harris has... Read More

WASHINGTON — A draft report on the future market demand for liquified natural gas exports, and the potential impact those exports could have on the climate, should be available for public scrutiny by the end of the year, Energy Secretary... Read More

WASHINGTON (AP) — American consumers and home buyers, business people and political leaders have been waiting for months for what the Federal Reserve is poised to announce this week: That it's cutting its key interest rate from a two-decade peak. It's likely... Read More

SYRACUSE, N.Y — New York Gov. Kathy Hochul told attendees at a state-sponsored future energy economy summit on Thursday that if the state is going to achieve its economic development goals, it’s going to need to deploy more clean energy... Read More

WASHINGTON (AP) — America's employers posted fewer job openings in July than they had the previous month, a sign that hiring could cool in the coming months. The Labor Department reported Wednesday that there were 7.7 million open jobs in... Read More

NEW YORK (AP) — Wall Street rallied to one of its best days of the year Thursday after data showed the U.S. economy is holding up better than expected, with particular credit going to the country’s shoppers. The S&P 500 jumped 1.6%... Read More

NEW YORK (AP) — The federal government wants to make it easier for employees to quit a job and work for a competitor. But some companies say a new rule created by the Federal Trade Commission will make it hard... Read More

NEW YORK (AP) — Unexpectedly high medical bills are common in the United States, but there are ways to get relief. According to the Consumer Financial Protection Bureau, one in five Americans are affected by outstanding medical debt, for a total... Read More

WASHINGTON (AP) — The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. Some of America's largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly... Read More

NEW YORK (AP) — U.S. stocks are holding relatively steady on Friday at the tail end of a wild, whipsaw week for Wall Street. The S&P 500 was virtually unchanged in early trading, coming off its best day since 2022. After yo-yoing through... Read More

NEW YORK (AP) — Some calm is returning to Wall Street in early trading, and Japan’s stock market soared to bounce back from its worst loss since 1987. The S&P 500 was 0.6% higher early Tuesday and on track to... Read More

NEW YORK (AP) — A scary Monday that started with a plunge abroad reminiscent of 1987 ’s crash swept around the world and pummeled Wall Street with more steep losses, as fears worsened about a slowing U.S. economy. The S&P 500 dropped 3% for its worst day... Read More

Boeing named a longtime aerospace industry veteran as its next chief executive, who will take over a company that has been rocked by legal, regulatory and production problems. Robert “Kelly” Ortberg, 64, a former CEO at aerospace supplier Rockwell Collins,... Read More

WASHINGTON (AP) — With the end of their two-year fight against inflation in sight, Federal Reserve officials are likely Wednesday to set the stage for the first cut to their key interest rate in four years, a major shift in policy... Read More

WASHINGTON (AP) — The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of continually high interest rates. Thursday’s report from the Commerce Department said the gross domestic... Read More

WASHINGTON (AP) — It's a scenario that terrifies America's auto industry. Chinese carmakers set up shop in Mexico to exploit North American trade rules. Once in place, they send ultra-low-priced electric vehicles streaming into the United States. As the Chinese... Read More