Economy

NPR reports: Across the country, electricity prices have jumped more than twice as fast as the overall cost of living in the last year. That’s especially painful during the dog days of summer, when air conditioners are working overtime. Power-hungry data centers have been popping up all over, to serve the boom in artificial intelligence. The Energy Department projects data …

Bloomberg News reports: US wholesale inflation accelerated in July by the most in three years, suggesting companies are passing along higher import costs related to tariffs. The producer price index increased 0.9% from a month earlier, the largest advance since consumer inflation peaked in June 2022, according to a Bureau of Labor Statistics report out Thursday. The PPI rose 3.3% …

The New York Times reports: Inflation accelerated in June as President Trump’s tariffs started to leave a bigger imprint on the economy, keeping the Federal Reserve on track to hold interest rates steady when policymakers next meet this month. The Consumer Price Index rose 2.7 percent from a year ago, the swiftest pace since February, data released by the Bureau …

The Washington Post reports: Employers created 147,000 jobs in June, close to the pace of job creation in May, despite economic uncertainty that has strained the labor market. The unemployment rate ticked down to 4.1 percent, according to a jobs report released Thursday by the Labor Department. Businesses have been adding jobs at a slower pace this year compared to …

The New York Times reports: The global economy is projected to slow sharply this year as President Trump’s trade policy disrupts international commerce and increases economic uncertainty, the World Bank said on Tuesday in a report that underscores the toll of America’s trade war. The trade tension is setting the stage for the weakest decade of growth since the 1960s. …

The New York Times reports: The labor market persevered in May, continuing a consistent run of job creation that has outlasted inflation, interest rate increases and now an on-again-off-again trade war. Employers added 139,000 jobs last month, the Labor Department reported Friday, about in line with economists’ expectations. The steady hiring is an indication that businesses are still seeing enough …

Politico reports: After Latino voters moved toward President Donald Trump in November, a new in-depth survey of this demographic shows their support for him could be breaking, according to polling shared first with POLITICO. Throughout the president’s first few months in office, his favorability among Latinos is crashing, especially among independents and women, according to a new poll conducted by …

The Washington Post reports: Inflation ticked up in April after an unexpected slowdown the month before, but the annual rate pace of inflation eased slightly to 2.3 percent compared to March, in a first test of Trump’s tariff policies. The Labor Department’s consumer price index, a key gauge of inflation, rose 0.2 percent last month, reversing a slight decline in …

Forbes reports: The labor market showed signs of steadiness in April as the U.S. added more jobs than expected, according to a Bureau of Labor Statistics report out Friday morning, as the economy walks the recession tightrope. The U.S. added 177,000 non-farm jobs from March to April, the Labor Department said. Economists expected job growth of 133,000, according to median …

CNBC reports: The U.S. economy contracted in the first three months of 2025, fueling recession fears at the start of President Donald Trump’s second term in office as he wages a potentially costly trade war. Gross domestic product, a sum of all the goods and services produced from January through March, fell at a 0.3% annualized pace, according to a …

Axios reports: California’s economy has surpassed Japan’s, state Gov. Gavin Newsom announced, as he warned of potential impacts in the Golden State from President Trump’s sweeping tariffs. “CA just became the 4th largest economy in the WORLD,” Newsom said on X Thursday, after his office announced data from the International Monetary Fund (IMF) and the U.S. Bureau of Economic Analysis. …

Columbus’s NBC affiliate reports: Microsoft has confirmed that it is backing down on building data centers in Licking County. In a statement released Monday, the company did not give a reason for stopping the projects, only to say the decision was made “after careful consideration.” “After careful consideration, we will not be moving forward at this time with our plans …

CNBC reports: Stocks fell Tuesday as a relief rally proved short-lived and investor anxiety returned ahead of President Donald Trump’s next tariff deadline. The Dow Jones Industrial Average dropped 320 points, or 0.84 %, bringing its four-day loss on tariff angst to nearly 5,000 points. Apple led the losses with the iPhone maker’s costs set to surge with new China …

Investopedia reports: Stocks fell sharply in early trading Monday, extending last week’s massive sell-off, as the Trump administration showed no signs over the weekend of backing down from its plan to impose wide-ranging tariffs. The Dow Jones Industrial Average was down 4.2%, or more than 1,600 points, about 10 minutes after the opening bell, while the S&P 500 and tech-heavy …

The Associated Press reports: Global stock markets extended a severe plunge Monday, fueled by fears that U.S. tariffs would lead to a global economic slowdown. European and Asian shares saw dramatic losses, the leading U.S. index flirted with bear market territory in pre-market trading, and oil prices sagged. Tokyo’s Nikkei 225 index lost nearly 8% shortly after the market opened …

The Associated Press reports: New York state officials have told the Trump administration that they will not comply with its demands to end diversity, equity and inclusion practices in public schools, despite the administration’s threats to terminate federal education funding. Daniel Morton-Bentley, counsel and deputy commissioner of the state Department of Education, said in a letter dated Friday to the …

The Hill reports: The U.S. economy added 228,000 jobs in March and the unemployment rate stayed roughly even at 4.2 percent, according to data released Friday by the Labor Department. The monthly federal jobs report showed the labor market holding strong in March after another month of rising concern about the impact of President Trump’s economic agenda. March employment data …

The Hill reports: The Atlanta Federal Reserve is projecting a contraction of the nation’s gross domestic product (GDP) of 1.5 percent in the first quarter. The Atlanta Fed last week was predicting 2.3 percent positive growth for the first quarter. A month ago, it was registering 3.9 percent growth. The Atlanta Fed’s GDPNow measure is not an official forecast but rather …

CNN reports: First-time applications for unemployment benefits rose much more than expected last week, a likely indication of some “noisy” data, but also a potential worrisome hint that cracks may be forming in America’s long-solid labor market. There were an estimated 242,000 jobless claims filed last week, according to seasonally adjusted data released Thursday by the Department of Labor. That’s …

The New York Times reports: As the price of eggs reaches record highs, the federal government is looking into importing more eggs from other countries and increasing funding for efforts to combat the spread of avian flu, the Agriculture Department said on Wednesday. The measures, announced by the department’s secretary, Brooke L. Rollins, in multiple news appearances, do not appear …