Trump says he advocated for autoworkers, union leaders disagreeUnion leadership cite unfavorable rulings from the nation’s top labor board and the Supreme Court under Trump, as well as unfulfilled promises.
Global oil prices could influence Central Bank's interest rate callsThe Federal Reserve left its key interest rate unchanged Wednesday, and one factor influencing that decision is the global price of oil.
Fed leaves rates unchanged as it eyes potential 'soft landing'Officials at the Federal Reserve appear optimistic they can continue to curb inflation without plunging the economy into a recession.
United Auto Workers threaten to expand strike by FridayUAW says unless there's major progress on contract negotiations by Friday, more plants will join the strike, now in its fifth day.
US national debt surpasses $33 trillion for first timeThe grim milestone comes as Congress debates a new spending plan to avert the looming government shutdown.
UAW and carmakers continue talks with no sign of end to strikeThe UAW strike entered its fourth day on Monday. Stellantis called the talks "constructive," but there's no sign of an immediate deal.
US median household income falls for third straight yearMedian family income dropped by 2.3% from 2021 to 2022, marking the largest national decrease since 2010.
Hear from the picket lines as US auto workers go on strikeThe strike at assembly plants in Michigan, Ohio and Missouri will likely chart the future of the union and of America’s homegrown auto industry.
Ahead of possible UAW strike: Strategy plays key roleHow strikes have played out in the past could play a key role in strike strategy during UAW's negotiations.
What's the risk of buying a car during the UAW strike?Though the Big Three automakers have a lot of inventory, if the strike lasts a few weeks, supply could really take a hit.
Could new poverty data renew push for expanding the child tax credit?The poverty rate among children declined dramatically in 2021 amid an expanded child tax credit that President Biden hopes to bring back.
What is the state of unions in the US?Americans in their 20s striving for the American dream are facing low wages and job instability — can unions help?
US experiences biggest jump in inflation in over a yearNew government data shows persistent increases in food and shelter costs are causing inflation to go up again.
Former UAW spokesperson calls possible strike plan 'unprecedented'Brian Rothenberg says that leaks from negotiations signal there could be strikes on key products to "dig deep" into profits.
Small businesses face increasing challenges with extreme weatherTourism-related businesses have always been at the mercy of the weather. But, heat waves, fires and storms are becoming more frequent.
US employment increased in August, but so did the unemployment rateThe U.S. workforce expanded considerably in August, but with that came more people seeking unemployment.
Continued wage increases could lead to more interest rate hikesAmericans experienced a 3.5% increase in average weekly earnings in the last year. Policymakers say this needs to come down to control inflation.
Retailers brace for resumption of student loan paymentsRetailers are going into the rest of 2023 facing uncertainty as student loan payments threaten to cut Americans' disposable income.
Iran, Saudi Arabia, Egypt to join Russia and China in economic blocIt's the second time BRICS has decided to expand. The bloc was formed in 2009 by Brazil, Russia, India and China. South Africa was added in 2010.
US grocery chain Kroger becomes largest seller of sushi in AmericaKroger, a top U.S. grocery store chain, says it hopes to sell items like sushi to customers who might otherwise spend their money at a restaurant.
New homes increase in popularity amid inventory shortageHomebuilders are offering attractive incentives to buyers.
Months of drought causes major shipping delays at Panama CanalMonths of low precipitation are to blame for long shipping delays at the key global shipping gateway after limits on passing vessels were implemented.
$9.5M allocated to Indigenous landscapes in Western MontanaWork is underway in Western Montana to restore the homelands of the Confederated Salish and Kootenai Tribes.
Fewer people are millionaires, wealth inequality declinesWorldwide wealth is dropping, and fewer people are millionaires, but that wasn't really bad news for America's middle class.
Biden celebrates 1 year of the Inflation Reduction ActThe White House said it's the largest investment in clean energy and climate action, though some economists say it's done little to tame inflation.
| Haley Bull and Kellan Howell
Inflation rate increases for first time in over a yearFood and shelter prices continue to increase, but data shows wages are more than keeping up with inflation.
Inflation is slowing down with no signs of a recessionThe newest federal inflation data shows further promise that the economy will not fall into a recession.
Fitch downgrades US credit rating for 'deterioration in standards'Just weeks after the U.S. debt-ceiling crisis, Fitch Ratings announced it has decided to downgrade the U.S. rating from its former top spot.
The bourbon barrel tax removal is dividing KentuckiansKentucky produces an astounding 95% of the world's bourbon supply.
Biden to sign executive order to encourage more US-made inventionsThe move comes one day after the Bureau of Economic Analysis announced a 2.4% growth in the economy during the second quarter of 2023.
US economy grew in 2nd quarter even as interest rates roseEfforts to curtail inflation so far have not put much of a damper on the overall economy as U.S. GDP increased from April through June.
Fed says US banks 'sound and resilient,' seems less optimistic on jobsThe U.S. Federal Reserve said it hopes to see "maximum employment" but said tight credit conditions could impact hiring.
Federal Reserve expected to raise interest rates again this weekThe official announcement of the board's decision will be released Wednesday.
How Benjamin Franklin helped US in anti-counterfeit technologyFranklin was an early innovator of printing techniques that used colored threads, watermarks and imprints of natural objects.
