Business

The number of Americans filing for jobless benefits last week hits 263,000, most in nearly 4 years

The number of Americans filing for jobless benefits last week hits 263,000, most in nearly 4 years

WASHINGTON (AP) — U.S. jobless claim applications jumped to their highest level in almost four years last week, the latest sign that the labor market is softening. The number of Americans filing f...

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Global markets edge higher in the wake of a record run on Wall Street

Global markets edge higher in the wake of a record run on Wall Street

Wall Street pointed toward a third consecutive day of records before the opening bell Thursday ahead of new U.S. data releases on the labor market and inflation. Futures for the S&P 500 rose 0...

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European Central Bank expected to keep rates on hold as economy weathers Trump’s tariffs

European Central Bank expected to keep rates on hold as economy weathers Trump’s tariffs

FRANKFURT, Germany (AP) — Inflation is back under control, and the European economy is weathering Trump’s tariff onslaught better than expected. Those are reasons the European Central Bank is expe...

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Trump takes one step back and another forward in his attempt to reshape the Fed

Trump takes one step back and another forward in his attempt to reshape the Fed

WASHINGTON (AP) — President Donald Trump’s goal of appointing a majority of the Federal Reserve’s board of governors faced a setback late Tuesday when a court blocked his unprecedented attempt to ...

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Inflation likely rose last month as Trump’s sweeping tariffs boost goods prices

Inflation likely rose last month as Trump’s sweeping tariffs boost goods prices

WASHINGTON (AP) — U.S. inflation likely ticked higher last month as the Trump administration’s import taxes have lifted the price of goods, potentially putting the Federal Reserve in a tough spot ...

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As tariff deadline looms, a Lesotho clothing factory goes dark

As tariff deadline looms, a Lesotho clothing factory goes dark

MASERU, Lesotho (AP) — The deafening roar of hundreds of sewing machines has gone silent. Spools of thread in every color are covered in dust. The warehouse is dark and empty. In the tiny African ...

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