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WASHINGTON (AP) — Retail sales increased 0.4 percent from September to October, according to a new report from the Commerce Department. The increase was less than the previous month’s 0.8 percent gain. A 1.6 percent jump in sales at auto dealers drove much of the gain. Purchases climbed 2.3 percent at electronics and appliances stores [...]
WASHINGTON (AP) — Wholesale prices rose last month, suggesting that the nation’s economy has yet to completely vanquish inflationary pressure. Last week’s report from the Labor Department showed that its producer price index — which tracks inflation before it hits consumers — rose 0.2 percent from September to October, up from a 0.1 percent gain [...]
WASHINGTON (AP) — Inflation increased in October, driven by costlier rents, used cars and air fares, a sign that price increases might be leveling off after having slowed in September to their lowest pace since 2021. Consumer prices rose 2.6 percent from a year earlier, the Labor Department said this week, up from 2.4 percent [...]
WASHINGTON (AP) — Oil and natural gas companies for the first time will have to pay a federal fee if they emit methane above certain levels under a rule being made final by the Biden administration. The Environmental Protection Agency rule follows through on a directive from Congress included in the 2022 climate law. The [...]
Federal health officials last week called for more testing of employees on farms with bird flu after a new study showed that some dairy workers had signs of infection, even when they didn’t report feeling sick. Farmworkers in close contact with infected animals should be tested and offered treatment even if they show no symptoms, [...]
NEW YORK (AP) — While prices for most goods have been falling throughout the year, inflation for a wide range of services remains high. That has put a strain on consumers eating out, servicing their cars and paying for various kinds of insurance. Prices for services rose 3.7 percent in September from a year ago, [...]
NEW YORK (AP) — The U.S. Department of Agriculture announced that students eligible for free or reduced-price school meals cannot be charged processing fees beginning in 2027. School districts currently work with processing companies to offer cashless payment systems for families, but the companies can charge “processing fees” for each transaction. By law, students who [...]
SEATTLE (AP) — Factory workers at Boeing earlier this week voted to accept a contract offer and end their strike after more than seven weeks, clearing the way for the aerospace giant to resume production of its bestselling airliner. Leaders of the International Association of Machinists and Aerospace Workers district in Seattle said 59 percent [...]
WASHINGTON (AP) —With inflation continuing to slow, the Federal Reserve is expected to cut interest rates for a second time this year at its two-day meeting that starts Wednesday. On Thursday, the Fed’s policymakers, led by Chair Jerome Powell, are expected to cut their benchmark rate by a quarter-point, to about 4.6 percent, after having [...]
WASHINGTON (AP) — America’s employers added just 12,000 jobs in October, according to a new report from the U.S. Labor Department. Last month’s hiring gain was down from the 223,000 jobs that were added in September. The new report also showed that the unemployment rate remained at 4.1 percent last month. The employment report for [...]