Iran’s currency hits a record low
TEHRAN, Iran (AP) — Iran’s currency fell to a record low on Sunday, plunging to 613,500 to the dollar, as its people celebrated the Persian...
Jerome Powell testimony: More evidence needed on tamed inflation
WASHINGTON (AP) — Chair Jerome Powell reinforced his belief Wednesday that the Federal Reserve will cut its key interest rate this year but said it...
Recession risks are fading, business economists say, but political tensions pose threat to economy
WASHINGTON (AP) — Just a quarter of business economists and analysts expect the United States to fall into recession this year. And any downturn would...
Why now is a crucial time to pay off your credit card debt
NEW YORK (AP) — For Americans who lacked savings prior to the pandemic, financial stress is rising. A combination of inflation, increased interest rates, and...
Credit card debt: Renters and poor people are falling behind
NEW YORK (AP) — While the U.S. economy is broadly healthy, pockets of Americans have run through their savings and run up their credit card...
US national debt hits record $34 trillion
WASHINGTON (AP) — The federal government’s gross national debt has surpassed $34 trillion, a record high that foreshadows the coming political and economic challenges to...
Social Security benefits will increase by 3.2% in 2024 as inflation moderates
WASHINGTON (AP) — Millions of Social Security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost...
US consumer confidence tumbles in September as American anxiety about the future grows
WASHINGTON (AP) — The confidence of American consumers slipped this month, particularly about the future, as expectations persist that interest rates will remain elevated for...
UAW strike: 13,000 auto workers walk off
DETROIT (AP) — Nearly one in 10 of America’s unionized auto workers went on strike Friday to pressure Detroit’s three automakers into raising wages in...
Global inflation pressures could become harder to manage in coming years, research suggests
JACKSON HOLE, Wyoming (AP) — Rising trade barriers. Aging populations. A broad transition from carbon-spewing fossil fuels to renewable energy. The prevalence of such trends...