PBS News Economy Full text
In our news wrap Friday, New York Gov. Kathy Hochul appointed the state Attorney General Letitia James as a special prosecutor to take over the Cornell University rape case, the U.S. is sending an additional aircraft carrier to the Middle…
PBS News Economy Full text
President Donald Trump and his Republican Party face pressure to address surging prices ahead of the Nov. 3 midterm elections, and Trump announced the action Friday on social media.
PBS News Economy Full text
Friday's jobs report is the last one that will come out before the Nov. 3 elections that will determine whether President Donald Trump's Republicans maintain full control of Congress.
PBS News Economy Full text
In our news wrap Thursday, the Supreme Court agreed to review the Trump administration's mandatory detention policy for migrants, UK police arrested a British-Iranian citizen on suspicion of planning a terror attack following a security…
PBS News Economy Full text
After 48 years, the United Nations peacekeeping mission in southern Lebanon is nearing the end of its mandate. Its planned withdrawal comes at a time when the Israeli military occupies around 6% of Lebanese territory. Special Correspondent…
PBS News Economy Full text
The benchmark 30-year fixed-rate mortgage rose to 7.28%, mortgage buyer Freddie Mac said Thursday. A year ago, the average rate was 6.34%.
PBS News Economy Full text
A majority, 65%, of U.S. adults now blame Trump’s policies for persistently high costs more than factors outside of his control, signaling growing weariness over his aggressive use of tariffs and continued unhappiness with the war with…
PBS News Economy Full text
Layoffs remain low and most American workers enjoy job security.
PBS News Economy Full text
High yields slow the economy by making it more expensive for everyone to borrow money, while undercutting prices for stocks and other investments.
PBS News Economy Full text
In our news wrap Wednesday, the Federal Reserve's Inspector General found no criminal activity by former Chair Jerome Powell related to the renovation of the central bank's headquarters, Pete Hegseth announced that the Pentagon will cut…
PBS News Economy Full text
The Federal Reserve’s internal watchdog said Wednesday that the agency has broadly mismanaged an expansive building renovation project but did not find any criminal violations, as alleged by Trump administration prosecutors.
PBS News Economy Full text
The U.S. economy has proven surprisingly resilient in the face of fighting with Iran and the energy price spike it caused.
PBS News Economy Full text
Top tech executives met with President Trump on Tuesday to discuss the future of artificial intelligence amid growing concerns over AI models losing control. Researchers and lawmakers are calling for stronger safeguards, but Trump said the…
PBS News Economy Full text
In our news wrap Tuesday, the Supreme Court is allowing the Trump administration to continue deporting migrants to countries other than their own for now, federal prosecutors charged a Venezuelan delivery driver who was shot by an ICE…
PBS News Economy Full text
Americans’ confidence in the economy sank to the lowest level in more than a decade this month as prices remain elevated and wages stagnate amid the ongoing Iran war.
PBS News Economy Full text
The ban amounts to barely a ripple in $880 billion worth of annual two-way trade between the two northern neighbors. But it marks another ratcheting up of President Donald Trump’s second-term trade war with America’s longtime ally and…
PBS News Economy Full text
The Trump administration is rolling back federal fuel economy standards for new vehicles. The move reverses policies meant to increase fuel efficiency to encourage greater use of electric vehicles. The boost for gasoline-powered vehicles…
PBS News Economy Full text
The average rate on a 30-year mortgage is back above 7% for the first time in twenty months. It’s rough news for the housing market and homebuyers already struggling with rising prices elsewhere. It comes as Treasury yields, which impact…
PBS News Economy Full text
The White House said President Donald Trump on Monday will announce a new $15 billion steel plant in eastern Iowa that would be one of the largest in the United States.
PBS News Economy Full text
The change furthers President Donald Trump’s promise to revoke policies that encouraged or created incentives for the production of electric vehicles.
PBS News Economy Full text
President Trump struck the United States-Mexico-Canada Agreement in his first term, but threw out that trade agreement after retaking office last year. He imposed steep tariffs on both neighbors and even started a trade war with Canada. To…
PBS News Economy Full text
A rapid surge in the price of diesel fuel is straining businesses and threatening to raise costs across the economy. It’s also putting pressure on President Trump to bring relief at the pump, including through a diesel export ban that’s…
PBS News Economy Full text
As prediction markets continue to expand, they are drawing attention in Washington and states across the country. Companies like Kalshi and Polymarket allow people to trade contracts tied to the outcomes of real-world events, including…
PBS News Economy Full text
The company didn't say Thursday which coffeehouses will close, how many are located in the U.S. or how many are unionized.
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