Economy
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Pro-Palestinian banners. Blazing Olympic rings. Workers' May Day rallies confront turbulent times
May 01, 2024 10:53 am - ISTANBUL — Workers and activists around the world marked May Day with protests Wednesday over the pressure of rising prices and calls for greater labor rights. Pro- Pales...
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Federal Reserve says interest rates will stay at two-decade high until inflation further cools
May 01, 2024 8:00 am - WASHINGTON — The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until...
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Affluent Americans are driving U.S. economy and likely delaying need for Fed rate cutsApr 29, 2024 7:42 am - WASHINGTON — Since retiring two years ago, Joan Harris has upped her travel game. Once or twice a year, she visits her two adult children in different states. She's plann...
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America’s child care crisis is holding back moms without college degreesApr 28, 2024 6:00 am - AUBURN, Wash. — After a series of lower-paying jobs, Nicole Slemp finally landed one she loved. She was a secretary for Washington’s child services department, a job that...
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About 1 in 4 US adults 50 and older who aren’t yet retired expect to never retire, AARP study finds
Apr 26, 2024 2:39 pm - WASHINGTON — About one-quarter of U.S. adults age 50 and older who are not yet retired say they expect to never retire and 70% are concerned about prices rising faster th...
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Fed’s preferred inflation gauge shows price pressures stayed elevated last month
Apr 26, 2024 8:00 am - WASHINGTON — A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed's reluctance to cut interest r...
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U.S. economy grew at 1.6% annual rate in first quarter 2024, a sharp slowdown
Apr 25, 2024 7:57 am - U.S. economic growth slowed in the first three months of the year, with gross domestic product growing at an annualized rate of 1.6%, as consumers began gradually pulling...
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The number of Americans applying for jobless benefits holds steady as labor market remains strong
Apr 18, 2024 7:56 am - The number of Americans filing for jobless benefits didn't change last week as the labor market continues to defy efforts by the Federal Reserve to cool hiring. The Labor...
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The Biz Week That Was: Garden centers unleash flower power, rising inflation, and pizza galore among the highlightsApr 14, 2024 8:12 am - Amid erratic weather, local garden centers keep springing forward Snow in April. Unseasonably warm 70-degree days in March. Springtime weather in the Chicago area is...
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A healthy U.S. economy’s secret ingredient: Immigrant workers, eager to fill jobs
Apr 12, 2024 7:23 am - MIAMI — Having fled economic and political chaos in Venezuela, Luisana Silva now loads carpets for a South Carolina rug company. She earns enough to pay rent, buy groceri...