U.S. Vice President Kamala Harris delivers remarks on Medicare drug price negotiations, at an event with U.S. President Joe Biden in Prince George’s County, Maryland, U.S., August 15, 2024. Elizabeth Frantz | Reuters Vice President Kamala Harris on Friday will unveil a new set of economic proposals that she would prioritize in her first 100 … Read more
Donald Trump’s vision of an American economy “nightmare” was spoiled by a well-timed Fox News ticker on Thursday. But as he warned that the country was on the brink of a crash as big as 1929, a graphic on Fox News quickly compromised his claim. While the conservative news network aired the former president’s long-winded … Read more
Fotostorm | E+ | Getty Images Inflation cooled below 3% in July 2024, the first time it dropped beneath that level in more than three years. While many areas of the U.S. economy are dis-inflating — meaning their prices are still rising, though at a slower rate — some have been outright deflating. That means … Read more
Consumer spending held up even better than expected in July as inflation pressures showed more signs of easing, the Commerce Department reported Thursday. Advanced retail sales accelerated 1% on the month, according to numbers that are adjusted for seasonality but not inflation. Economists surveyed by Dow Jones had been looking for a 0.3% increase. June … Read more
Wednesday’s report from the Labor Department showed that year-over-year inflation reached its lowest level in more than three years in July. This suggests the worst price spike in four decades is fading and that the Federal Reserve might do an interest rate cut next month. But the Trump campaign tried to spin what most economic … Read more
Republican presidential nominee, former U.S. President Donald Trump gives a speech during a campaign rally at Harrah’s Cherokee Center in Asheville, North Carolina, United States on August 14, 2024. Anadolu | Anadolu | Getty Images U.S. business leaders are “in denial” about Vice President Kamala Harris’ growing lead over Republican presidential nominee Donald Trump, according to C-suite … Read more
North Korea will resume international tourism this winter, ending a COVID-era ban on travelers, according to operators that organize trips to the country. Travel companies KTG and Koryo Tours, which organize trips to North Korea, said on Wednesday that their partners in the country had informed them about government plans to allow travel to some … Read more
U.S. Vice President Kamala Harris delivers remarks during a campaign event at West Allis Central High School, in West Allis, Wisconsin, U.S., July 23, 2024. Vincent Alban | Reuters WASHINGTON — Vice President Kamala Harris plans to propose the first-ever federal ban on “corporate price-gouging in the food and grocery industries,” her campaign announced late … Read more
An Alaska Airlines Boeing 737-900ER aircraft on the tarmac at Seattle-Tacoma International Airport (SEA) in Seattle, Washington, US, on Monday, Jan. 22, 2024. David Ryder | Bloomberg | Getty Images Alaska Airlines flight attendants rejected a new labor deal that would have come with immediate raises averaging more than 24%, their union said Wednesday, setting … Read more
d3sign | Moment | Getty Images Inflation continued to retreat in July, aided by easing price pressures for consumer staples like food and energy and physical goods like new and used cars. The consumer price index, a key inflation gauge, rose 2.9% in July from a year ago, the U.S. Department of Labor reported Wednesday. … Read more
