Fed's Powell gets an earful about inflation and interest rates from small businesses

YORK, Pa. (AP) — Federal Reserve officials typically gather many of their insights and observations about the economy from some of the top Ph.D. economists in Washington. On a visit Monday to York, Pennsylvania, Chair Jerome Powell got an earful from a group with a decidedly...

Government sues Union Pacific over using flawed test to disqualify color blind railroad workers

OMAHA, Neb. (AP) — The federal government has joined several former workers in suing Union Pacific over the way it used a vision test to disqualify workers the railroad believed were color blind and might have trouble reading signals telling them to stop a train. The lawsuit...

All Onewheel electric skateboards are under recall after 4 deaths and serious injury reports

NEW YORK (AP) — All models of Onewheel self-balancing electric skateboards are under recall after at least four deaths and multiple injuries were reported in recent years, federal regulators said last week. The 300,000 now-recalled skateboards, manufactured by the California-based...

Britain's Treasury chief raises the minimum wage but angers some colleagues by ruling out tax cuts

MANCHESTER, England (AP) — Britain’s Treasury chief announced a hike in the national minimum wage Monday, as the governing Conservative Party tries to persuade voters it is on the side of workers who are struggling financially. But Chancellor of the Exchequer Jeremy Hunt ruled...

Editorial Roundup: Ohio

Cincinnati Enquirer. October 1, 2023. Editorial: Ohio teens would stop vaping if tobacco were the only flavor. Ban flavored vapes. Flavored tobacco products, if not outright banned, should absolutely not be sold to minors in Ohio. State legislators must protect our...

Higher gas prices lift Fed's preferred inflation gauge but underlying price pressures remain mild

WASHINGTON (AP) — An inflation gauge closely tracked by the Federal Reserve rose in August, boosted mainly by higher gas prices. But measures of underlying inflation slowed in the latest sign that overall price pressures are still moderating. Friday's report from the Commerce...

Federal Reserve's preferred inflation gauge shows a slight rise in latest sign of moderating price increases

The average long-term US mortgage rate reaches highest point in nearly 23 years, hitting 7.31%

LOS ANGELES (AP) — Home loan borrowing costs climbed again this week, pushing the average long-term U.S. mortgage rate to its highest level in nearly 23 years, another blow to prospective homebuyers facing an increasingly unaffordable housing market. The average rate on the...

US government estimates economy grew last quarter at a 2.1% rate, unchanged from previous projection

WASHINGTON (AP) — The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged. The second-quarter expansion of the nation's gross...

Stock market today: Wall Street yo-yos to a mixed close as oil and bond markets raise the pressure

NEW YORK (AP) — Wall Street yo-yoed to a mixed finish Wednesday after rising oil prices and bond yields cranked up the pressure even higher on the stock market. After taking several U-turns through the day, the S&P 500 inched up by 0.98, or less than 0.1%, to 4,274.51 and...