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Economy

Swing-state consumers hurt more than most in credit card squeeze

Richard Annerquaye Abbey
Oct 13, 2024 6:00 am - Household finances all over the U.S. are feeling the pressure of high borrowing costs, and swing-state voters rank among the harder hit. Credit card delinquencies are run...
U.S. consumer sentiment slips in October on frustration over high prices

By CHRISTOPHER RUGABER
Oct 13, 2024 5:15 am - WASHINGTON (AP) — Americans’ outlook on the economy soured a bit this month after two months of small gains, according to the University of Michigan’s consumer sentiment ...
Wholesale inflation remained cool last month in latest sign that price pressures are slowing

By PAUL WISEMAN
Oct 13, 2024 4:00 am - WASHINGTON (AP) — Wholesale prices in the United States were unchanged last month in another sign that inflation is returning to something close to normal after years of ...
Bacon hogs the spotlight in election debates, but reasons for its sizzling inflation are complex

By DEE-ANN DURBIN
Oct 10, 2024 3:53 pm - Prices for bacon are always volatile. Among other things, they're subject to weather, animal disease, feed costs, seasonal demand and, according to Harris and other critics, some price gouging by giant food conglomerates.
US inflation reaches lowest point since February 2021, though some price pressures remain

By CHRISTOPHER RUGABER
Oct 10, 2024 8:29 am - 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 race.
Social Security’s scheduled cost of living increase ‘won’t make a dent’ for some retirees

By FATIMA HUSSEIN
Oct 09, 2024 12:02 pm - The Social Security Administration makes the official COLA announcement Thursday, and analysts predicted in advance it would be 2.5% for 2025.
Time running out for lawmakers to address public transit fiscal cliff

By Frank Manzo IV
Oct 06, 2024 7:00 am - Efficient, accessible, and safe public transportation is essential to a robust Illinois economy. Our public transit systems connect workers to jobs, bring customers to co...
Employers added 254,000 jobs in September, reflecting strong gains as election nears

Lauren Kaori Gurley
Oct 04, 2024 7:48 am - Employers added 254,000 jobs in September, reflecting a stronger than expected labor market. The unemployment rate ticked down to 4.1%, according to jobs data released Fr...
Morgan Stanley warns of 70,000 US monthly jobs hit from Trump tariffs

Christopher Anstey
Oct 01, 2024 8:31 am - Morgan Stanley economists estimated that implementation of Republican tariff-hike proposals would drive up inflation and impose a hit to US economic growth that undercuts...
Dockworkers’ strike could push up prices and cause shortages if it lasts for weeks

By TOM KRISHER and TASSANEE VEJPONGSA
Oct 01, 2024 7:01 am - A strike by dockworkers at 36 ports from Maine to Texas, the first in decades, could snarl supply chains and lead to shortages and higher prices if it stretches on for more than a few weeks.

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