Economy news, explained for your life

Jobs numbers, inflation, rates, and tariffs, minus the jargon. What the release actually said, and who feels it first.

Economy

Families in Gary, Indiana, face food losses and denied SNAP claims after storm

A storm in Gary, Indiana, caused power outages that led families to discard spoiled food and face denied SNAP claims.

Economy

SNAP claims denied after storm caused food loss in Indiana households

A storm in Gary, Indiana caused power outages that led to food spoilage for families, resulting in denied SNAP claims for assistance.

Economy

Employers added 162,000 jobs in August, unemployment rate remains at 4.1%

Employers added 162,000 jobs in August, with the unemployment rate remaining at 4.1%.

Economy

US Labor Market Shows Modest Job Growth in August

Employers added 162,000 jobs in August, indicating modest job growth in the labor market.

Economy

US economy adds 162,000 jobs in August, surpassing expectations

The US economy added 162,000 jobs in August, exceeding expectations.

Economy

Average diesel prices reach highest level on record in the U.S.

Average diesel prices in the U.S. have reached an all-time high of approximately $5.85 per gallon, marking a significant increase.

Economy

US diesel prices reach record levels

US diesel prices have surged due to rising wholesale oil prices linked to the conflict in Iran.

Economy

Diesel prices reach record high of $5.85 per gallon

The average price of diesel fuel has surged to a record high of $5.85 per gallon due to geopolitical tensions affecting oil supply.

Economy

Fed officials question expectations for upcoming interest rate hike

Federal Reserve officials are reconsidering the likelihood of an interest rate hike due to upcoming jobs and inflation data.

Economy

Some Federal Reserve officials express caution on interest rate hikes

Some Federal Reserve officials are expressing caution about an anticipated interest rate hike, leading to uncertainty in financial markets.

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Economy

Some Federal Reserve officials express caution on potential interest rate hikes

Federal Reserve officials are expressing caution regarding potential interest rate hikes, leading to uncertainty in financial markets.

Economy

Oil Prices Rise Amid Ongoing Conflict, Impacting Global Economy

Oil prices are rising significantly, impacting various sectors of the global economy.

Economy

Older adults now outnumber children ages 5 and younger worldwide

Older adults now outnumber children ages 5 and younger worldwide due to declining fertility rates and increased longevity.

Economy

Global population of older adults surpasses children ages 5 and younger

The global population of older adults has surpassed that of children aged 5 and younger for the first time in recorded history.

Economy

Iran conflict impacts global economic conditions, expert says

Geoff Bennett interviewed Cliff Kupchan about the ongoing conflict in Iran and its global economic implications.

Economy

G20 Finance Ministers Discuss Global Economic Imbalances

Nineteen G20 finance ministers agreed to tackle low-priced exports affecting global economic stability, despite dissent from China.

Economy

Trump comments on Federal Reserve Chair Warsh and interest rates

Trump commented on Federal Reserve Chair Warsh's stance on interest rates, expressing that while he is not opposed to raising them due to inflation, he believes current rates are too high.

Economy

US sanctions campaign impacts Iran's economy amid rising food inflation

The US has launched a new sanctions campaign against Iran, exacerbating the country's economic struggles.

Economy

Train drivers receive pay rise after potential strike action

Train drivers have secured a 3.6% pay rise after reaching an agreement with Avanti West Coast.

Economy

EU gas storage levels are at their lowest in 13 years

Europe's gas storage levels are significantly below average, raising concerns about energy prices as winter approaches.

Economy

Impact of tariffs on costs for Canadians and Americans

Tariffs have impacted the cost of living for households and businesses, leading to ongoing discussions about potential changes.

Economy

Florida tourism declines as Canadian visitors decrease by 14 percent

Florida's tourism has declined due to a 14 percent decrease in Canadian visitors.

Economy

Fed Chair Warsh indicates possible interest rate hikes to address inflation

Federal Reserve Chair Kevin Warsh indicated that interest rate hikes may be necessary to combat high inflation.

Economy

Trade tensions impact Detroit economy amid US-Canada relations

Trade tensions between the US and Canada are raising concerns for the Detroit economy, particularly in the auto industry.

Economy

Impact of Trump's Tariffs on Different States

States are experiencing varying estimated tariff burdens from Trump's trade actions, impacting local economies and industries.

Economy

US beef imports primarily sourced from five countries

Approximately 80% of U.S. beef imports in the first half of the year came from five countries, according to the USDA.

Economy

Iran's Economy Faces Strain Amid Ongoing Sanctions and War

Iran's economy is under severe strain due to sanctions and war, leading to high inflation and job losses.

Economy

Trump Implements Tariff Waiver on Beef Imports to Address Consumer Prices

President Trump announced a temporary waiver of tariffs on beef imports to help reduce consumer prices.

Economy

Trump aims to reduce consumer prices through market interventions

President Trump is temporarily waiving tariffs on additional beef imports to lower consumer prices, a move criticized by U.S. cattle producers.

Economy

U.S. Trade Representative critiques approach to changing China's economy

U.S. Trade Representative Jamieson Greer criticized the ineffective strategies aimed at changing China's export-driven economy and suggested that other nations adopt similar tariff measures.