Economy

WASHINGTON (AP) — U.S. employers added a healthy 390,000 jobs in May, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and interest rates. Last month’s gain reflects a still-healthy job market despite... Read More

WASHINGTON (AP) — Fewer Americans applied for jobless aid last week with the number of Americans collecting unemployment at historically low levels. Applications for unemployment benefits fell by 11,000 to 200,000 for the week ending May 28, the Labor Department... Read More

U.S. markets rose modestly ahead of the opening bell Wednesday and the price for a barrel of oil resumed an upward trajectory after the European Union this week blocked most oil imports from Russia. Futures for the S&P 500 gained... Read More

WASHINGTON  — As president, Joe Biden has shepherded the economy’s recovery from an unforeseen global pandemic, kick-started long needed infrastructure repairs all across the nation, and seen the unemployment rate drop to 3.6% on his watch — nearly the lowest... Read More

WASHINGTON (AP) — President Joe Biden is set to meet with Federal Reserve Chairman Jerome Powell as soaring inflation takes a bite out of Americans' pocketbooks and the president's public approval. Tuesday's meeting is the first since Biden renominated Powell to lead the... Read More

SAVANNAH, Ga. — Hyundai Motor Group is planning to invest $6.5 billion in a massive electric vehicle factory just south of the city of Savannah. The plans were jointly announced by Gov. Brian Kemp and Hyundai Chairman Char Euisun Chung.... Read More

DAVOS, Switzerland (AP) — As government officials, corporate leaders and other elites at the World Economic Forum grapple with how to confront climate change and its devastating effects, a central question is emerging: to what extent can oil and gas... Read More

NEW YORK (AP) — Wall Street pointed toward gains before the opening bell Friday after a surprise interest rate cut from China lowered, at least temporarily, the anxiety over a slowdown in the world's second-largest economy. Futures for the Dow... Read More

NEW YORK (AP) — The bears are rumbling toward Wall Street. The stock market’s skid this year has pulled the S&P 500 close to what’s known as a bear market. Rising interest rates, high inflation, the war in Ukraine and... Read More

SACRAMENTO, Calif. — Californians are getting help addressing the costs of rising inflation through a higher minimum wage and a new relief package proposal from Gov. Gavin Newsom. California's minimum wage will rise to $15.50 per hour next year under... Read More

KANKAKEE, Ill. — President Joe Biden is blaming Russia’s invasion of Ukraine for supply chain disruptions that are causing yield-impairing fertilizer shortages and driving up food prices. The war’s repercussions have sent international food prices to record highs, according to... Read More

NEW YORK — One of New York City’s most iconic locations, One Times Square, scene of the annual New Year’s Eve ball drop watched by millions, is about to undergo a $500 million redevelopment. Jamestown, a real estate investment and... Read More

NEW ORLEANS (AP) — Once silenced by the pandemic, the New Orleans Jazz & Heritage Festival opens Friday for the first time in three years — a long awaited 2022 revival that holds echoes of 2006 when the annual celebration... Read More

WASHINGTON — Despite the pent up desire of business travelers to once again attend conferences, conventions or trade shows, the business travel sector continues to struggle in this period of uneven recovery from the lingering, but far less problematic coronavirus... Read More

NEW YORK (AP) — Wall Street was pointed toward losses before markets opened on Friday, following global shares lower after Federal Reserve Chair Jerome Powell indicated aggressive increases in interest rates were needed to fight inflation. The futures for the Dow industrials... Read More

AUSTIN, Texas — Energy scientists at the University of Texas at Austin contend in a new report that their state could strengthen its economy while eliminating carbon pollution within the next 30 years. The report maintains Texas is well-positioned to... Read More

WASHINGTON (AP) — President Joe Biden said Friday he plans to nominate Michael Barr, the dean of the University of Michigan's public policy school, to be the Federal Reserve's vice chairman of supervision. The selection of Barr comes after Biden’s... Read More

WASHINGTON — The surging price of gasoline across the country will be the subject of a hybrid hearing April 6 before a subcommittee of the House Energy and Commerce Committee. The Subcommittee on Oversight and Investigations will convene on Wednesday,... Read More

WASHINGTON (AP) — The U.S. economy ended 2021 by expanding at a healthy 6.9% annual pace from October through December, the government reported Wednesday, a slight downgrade from its previous estimates. For all of 2021, the nation’s gross domestic product —... Read More

WASHINGTON (AP) — A majority of Americans say they don't blame President Joe Biden for high gasoline prices, but they're giving his economic leadership low marks amid fears of inflation and deep pessimism about economic conditions. About 7 in 10... Read More

WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week as layoffs continue to fall amid a strong job market rebound. Jobless claims fell by 15,000 to 214,000 for the week ending March 12, down from the previous week's... Read More

WASHINGTON (AP) — The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and signaling up to six additional rate hikes this year. The Fed's quarter-point hike... Read More

Wall Street pointed toward gains in premarket trading Tuesday after world share prices sunk lower, with Hong Kong down almost 6% and Shanghai losing 5%. Oil prices slid about 8% as virus lockdowns and rising numbers of COVID cases in... Read More

BANGKOK (AP) — Shares rose in Europe after a mixed session in Asia on Monday, where Hong Kong’s Hang Seng index sank 5% after the neighboring city of Shenzhen was ordered into a shutdown to combat China’s worst COVID-19 outbreak... Read More

NEW YORK (AP) — Stocks slipped on Wall Street Thursday as global markets remain choppy amid uncertainty about where inflation, interest rates and the global economy are heading. The S&P 500 slumped 1.2% in morning trading, on pace for its... Read More

NEW YORK (AP) — Wall Street futures rebounded Wednesday and European shares rose sharply as investors eyed diplomatic efforts to end Russia's attack on Ukraine, while Asian markets sank after Chinese inflation accelerated. Futures for Wall Street’s S&P 500 index... Read More

NEW YORK (AP) — Stocks are falling in morning trading on Wall Street, as more gains for oil prices threaten to worsen the world's already high inflation. The S&P 500 sank 1.5% after a barrel of U.S. oil leaped as... Read More

WASHINGTON (AP) — U.S. employers added a robust 678,000 jobs in February, another gain that underscored the economy’s solid health as the omicron wave fades and more Americans venture out to spend at restaurants, shops and hotels despite surging inflation.... Read More

WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week reflecting a low number of layoffs across the economy. Jobless claims fell by 18,000 to 215,000 for the week ending February 26, from 233,000 the previous week, the Labor... Read More

NEW YORK (AP) — Oil prices surged above $110 per barrel Wednesday as Russian forces stepped up attacks on Ukrainian cities, while premarket trading on Wall Street pointed toward a higher open. Investors appeared to take in stride Federal Reserve... Read More