NEW YORK (AP) — Spending at restaurants, shops and entertainment venues has come back in force as vaccines become more common and it fueled a revenue surge at American Express during the second quarter. That momentum picked up as the…
NEW YORK (AP) — The world's richest man wanted to say thanks to the people who made his brief trip into space Tuesday possible. But for some, Amazon founder Jeff Bezos' expression of gratitude went over like a lead rocket.…
WASHINGTON (AP) — Inflation at the wholesale level jumped 1% in June, pushing price gains over the past 12 months up by a record 7.3%. The Labor Department reported Wednesday that the June increase in its producer price index, which…
WASHINGTON, D.C. - President Joe Biden plans to sign an executive order that will reduce the ability of employers to prevent workers from going to rival firms and remove some of the state occupational licensing requirements that make it harder…
WASHINGTON (AP) — U.S. employers posted a record-high number of open jobs for the second straight month as a rapidly rebounding economy generates intense demand for workers. The number of available jobs on the last day of May rose slightly…
NEW YORK (AP) — Everyone would like to get paid more, but the worry on Wall Street is there could be too much of a good thing. Wages are going up for workers across many industries as the economy roars…
WASHINGTON (AP) — The number of Americans applying for unemployment benefits dropped last week, a sign that layoffs declined and the job market is improving. The Labor Department said Thursday that jobless claims declined just 7,000 from the previous week to 411,000.…
WASHINGTON (AP) — President Joe Biden was proposing a $6 trillion budget for next year on Friday that fails to slow spiking government debt, instead seeking tax hikes on corporations and the wealthy to pay for ambitious infrastructure and…
WASHINGTON (AP) — Mortgage rates declined this week, pushing the benchmark 30-year home loan back down below the 3% mark. Signs continued of the economy’s recovery from the pandemic recession. Mortgage buyer Freddie Mac reported Thursday that the average…
WASHINGTON (AP) — Far more Americans are receiving unemployment benefits than the last time the jobless rate was at the current 6.1%, thanks to a major expansion of the federal safety net that has provided aid to millions of…
WASHINGTON (AP) — U.S. orders for big-ticket manufactured goods dropped unexpectedly in April for the first time in 11 months as a shortage of computer chips disrupted auto production. The Commerce Department reported Thursday that orders for factory goods…
WASHINGTON (AP) — Senate Republicans revived negotiations over President Joe Biden’s sweeping investment plan, preparing a $1 trillion infrastructure proposal that would be funded with COVID-19 relief money as a counteroffer to the White House ahead of a Memorial…
NEW YORK (AP) — Online shopping giant Amazon is buying MGM, the movie and TV studio behind James Bond, “Legally Blonde" and “Shark Tank," with the hopes of filling its video streaming service with more stuff to watch. Amazon is…
NEW YORK (AP) - U.S. stocks edged higher in morning trading Wednesday as investors continue to monitor the economic recovery and rising inflation. The S&P 500 was up 0.2% as of 11:38 a.m. Eastern. The Dow Jones Industrial Average,…
WASHINGTON (AP) — President Joe Biden announced Monday that he's doubling U.S. emergency spending to help communities prepare for hurricanes and other extreme weather events, while launching a new effort at NASA to better understand and track the impact…
WASHINGTON (AP) — President Joe Biden’s infrastructure plan is hitting roadblocks. A policing overhaul after the killing of George Floyd is up in the air. Even a seemingly bipartisan effort to investigate the Jan. 6 insurrection at the Capitol faces the blockade of Republican opposition in…
WASHINGTON (AP) — America's housing market has grown so overheated as demand outpaces supply that prices keep hitting record highs — and roughly half of all U.S. houses are now selling above their list price. Two years ago, before…
NEW ORLEANS - The COVID-19 pandemic sent economic shockwaves through the U.S. economy, tripling the monthly unemployment to nearly 15% and leading to a more than 30% quarterly decline in GDP - by far the largest economic contraction in U.S.…
NEW YORK (AP) — A long-awaited book about Philip Roth that was pulled last month amid allegations of sexual assault and harassment against biographer Blake Bailey has a new publisher. Skyhorse Publishing told The Associated Press on Monday that it…
WASHINGTON (AP) — Wholesale prices rose a higher-than-expected 0.6% in April, driven by escalating food costs. It's more evidence that inflation pressures are starting to mount as the country emerges from a recession brought on by the pandemic. The increase…
LAKE CHARLES, La. - President Joe Biden will push the case for his $2.3 trillion infrastructure plan in the reliably Republican state of Louisiana — directly challenging GOP lawmakers who say that low taxes for corporations and the wealthy will fuel…
NEW YORK (AP) - As much as Bill and Melinda Gates might want to keep their pending divorce private, the split between the billionaire co-founders of the world’s largest private foundation is sure to have very public consequences, with the…
NEW YORK (AP) - Stocks are rising on Wall Street early Monday, following markets in Europe higher on the back of strong gains by blue chip companies including Mohawk Industries, The Gap and Halliburton. Warren Buffet’s Berkshire Hathaway leaped to…
WASHINGTON (AP) — The U.S. economy is poised for an extended period of strong growth and hiring, the chair of the Federal Reserve said in an interview broadcast Sunday, though the coronavirus still poses some risk. Chair Jerome Powell, speaking…
SILVER SPRING, Md. (AP) — Wholesale prices jumped again in March pushed by another big increase in energy prices, the government reported Friday. The Labor Department’s producer price index, which measures inflation before it reaches consumers, rose 1% in March,…
WASHINGTON (AP) — Republicans in Congress are making the politically brazen bet that it’s more advantageous to oppose President Joe Biden’s ambitious rebuild America agenda than to lend support for the costly $2.3 trillion undertaking for roads, bridges and other infrastructure investments.…
ATLANTA (AP) — Amtrak says a new route in its long-range plans would connect Savannah to Nashville and stop in Atlanta. Amtrak’s proposed new routes also include one that would connect Montgomery, Alabama, to Atlanta. The routes are among several…
NEW ORLEANS - President Joe Biden has proposed an aggressive series of infrastructure investments he says would require $2.3 trillion in spending over eight years and create millions of jobs. According to a White House fact sheet, Louisiana projects may…
LAS VEGAS (AP) — Casino giant Caesars Entertainment Inc., owner of the Harrah's Casino New Orleans, is putting its losses because of the coronavirus pandemic in 2020 at more than $2 billion, and is suing a long list of insurance…
NEW YORK (AP) - The housing market was among the very few bright spots for the U.S. economy in the year of the lockdown and Home Depot became its supplier, racking up an unprecedented $132 billion in sales for 2020.…
