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News Articles: Economy

The latest employment data for July is bolstering hopes about the economy after employers continued to add jobs at a solid clip.

Tagged as: 

  • Economy

The case for a soft landing in the economy just got another boost

U.S. employers added 187,000 jobs in July, a slower but still solid pace of growth, suggesting the Federal Reserve may be able to curb inflation without triggering a recession.

August 04, 2023
|
By:
  • Scott Horsley
U.S. employers added 187,000 jobs in July, still marking a steady pace of growth. The data is likely to reinforce hopes about the economy amid rising expectations for a soft landing.

Tagged as: 

  • Business

The U.S. added jobs at a solid pace in July, reinforcing hopes about the economy

U.S. employers added 187,000 jobs in July, still marking a steady pace of growth. The unemployment rate edged down to 3.5%.

August 04, 2023
|
By:
  • Scott Horsley
Bessy Hernandez, 73, sells fruits and vegetables at the Tropicana Flea Market produce stand. Hernandez's sales have dropped 40 percent in recent months as a result of the new Florida immigration law.

Tagged as: 

  • Politics

Sales are way down at a Florida flea market. A new immigration law could be to blame.

Florida's new strict immigration law threatens the state's economy and could hurt political ambitions for some GOP candidates. Vendors at a popular flea market are already seeing the impacts.

August 03, 2023
|
By:
  • Claudia Grisales
A sign displays an an unofficial temperature as jets taxi at Sky Harbor International Airport at dusk, July 12 in Phoenix.

Tagged as: 

  • Politics

Three-quarters of Republicans prioritize the economy over climate change

In the latest NPR/PBS NewsHour/Marist poll, the record temperatures this summer don't have Republicans heated as confidence in institutions takes a hit and President Biden has challenges ahead.

August 03, 2023
|
By:
  • Domenico Montanaro
Fitch downgraded the U.S sovereign rating. The markets took the decision largely on their stride — but that doesn't make the decision inconsequential.

Tagged as: 

  • Business

Fitch just downgraded the U.S. credit rating — how much does it matter?

The U.S. is no longer rated at the top-notch AAA by Fitch. Here's what credit ratings are, and why they (mostly) matter.

August 02, 2023
|
By:
  • Rafael Nam
Amazon laid off workers at its brick-and-mortar grocery stores last week — the latest sign of the e-commerce giant's struggles to stand out in the competitive grocery landscape.

Tagged as: 

  • Business

Amazon may have met its match in the grocery aisles

Amazon laid off workers at its brick-and-mortar grocery stores last week — the latest sign of the e-commerce giant's struggles to stand out in the competitive grocery landscape.

August 02, 2023
|
By:
  • Danielle Kaye
GPB  NPR

Tagged as: 

  • Economy

Fitch drops the United States' credit rating to AA+

Fitch Ratings cut the U.S.'s rating by one notch, moving it from the previous top-rated AAA to AA+, citing worsening governance as a key factor — just months after the country averted a debt default.

August 01, 2023
|
By:
  • Scott Horsley
Fitch cut the United States' rating by one notch, moving it from the previous top-rated AAA to AA+, just two months after the government avoided a devastating default.

Tagged as: 

  • Economy

The U.S. loses its top AAA rating from Fitch over worries about the nation's finances

Fitch cut the federal government's top rating, citing rising deficits and a steady deterioration in governance over the last two decades. The action drew a sharp rebuke from the Biden administration.

August 01, 2023
|
By:
  • Scott Horsley and
  • David Gura
The numbers are in and the economy is booming. Thank summer travel, high spending and the Barbie bump (Photo by Ian Waldie/Getty Images)

Tagged as: 

  • Economy

What recession? It's a summer of splurging, profits and girl power

Economic data show higher prices and constant warnings of a downturn haven't slowed down American shoppers. The Fed is anxious. Companies are thrilled.

July 31, 2023
|
By:
  • Alina Selyukh and
  • Stacey Vanek Smith
GPB  NPR

Tagged as: 

  • Economy

Auto companies are making big profits, but still stumbling when it comes to EVs

The U.S. auto industry is experiencing unanticipated stumbles and challenges as it pivots to producing more electric vehicles, even as it makes large profits.

July 30, 2023
|
By:
  • Ayesha Rascoe and
  • Camila Domonoske
A map from advocacy group Climate Power shows a sector-by-sector breakdown of new jobs from clean energy projects announced between Aug. 16, 2022, and July 25, 2023.

Tagged as: 

  • Economy

Analysis: Georgia's the No. 2 state for green tech projects since Inflation Reduction Act's passage

22 private-sector projects catapulted Georgia toward the top of the list.

July 28, 2023
|
By:
  • Benjamin Payne
Hidden fees or "junk fees" are on the rise, as companies work to bring in more money while keeping prices looking low. U.S. consumers pay more than $65 billion in fees each year.

Tagged as: 

  • Your Money

What my $30 hamburger reveals about fees and how companies use them to jack up prices

New fees are being tacked onto hotel bills, airfare, restaurant checks and pretty much everywhere else. It's another form of inflation and it's costing consumers $65 billion a year.

July 27, 2023
|
By:
  • Stacey Vanek Smith
Mattel reported financial earnings on Wednesday. In the company's earnings call, Barbie stole the show.

Tagged as: 

  • Business

Mattel tried to report financials. All anyone wanted to talk about was 'Barbie'

Mattel reported financial earnings Wednesday. Impacts from the Barbie movie remain to be seen, but she still stole the show.

July 27, 2023
|
By:
  • Erin Kenney
It wasn't too long ago that a lot of experts were fearing a recession. It hasn't quite turned out that way – but that doesn't mean recession fears are over.

Tagged as: 

  • Economy

Could the U.S. still see a recession? We got big clues this week on where it's headed

Consumers kept spending and businesses investing in the first half of the year, leading to healthy growth in the U.S. GDP. But there's still some apprehension about a possible recession. Here's why.

July 27, 2023
|
By:
  • David Gura and
  • Scott Horsley
GPB  NPR

Tagged as: 

  • Politics

White House uses the term 'Bidenomics' to help sell the president's economic agenda

President Biden has low approval ratings on the economy even though voters like some key policies. The White House wants to narrow this gap with its "Bidenomics" slogan, but there are risks.

July 26, 2023
|
By:
  • Asma Khalid
  • Load More

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