Law requiring sale or U.S. ban of TikTok upheld by federal appeals court
PBS NewsHour » Economy
by Haleluya Hadero, Associated Press
2d ago
The U.S. Court of Appeals for the District of Columbia Circuit denied TikTok's petition to overturn the law -- which requires TikTok to break ties with its China-based parent company ByteDance or be banned by mid-January -- and rebuffed the company's challenge of the statute, which it argued had ran afoul of the First Amendment ..read more
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U.S. hiring bounced back in November as employers added 227,000 jobs
PBS NewsHour » Economy
by Paul Wiseman, Associated Press
2d ago
The November employment report provided the latest evidence that the U.S. job market remains durable even though it has lost significant momentum from the 2021-2023 hiring boom, when the economy was rebounding from the pandemic recession ..read more
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Federal Reserve Bank of San Francisco president on latest efforts to tame inflation
PBS NewsHour » Economy
by Geoff Bennett
4d ago
The Federal Reserve may cut interest rates later this month as officials weigh inflation and the broader economy. Inflation has been running above the Fed's targeted rate and other economic indicators have remained strong, leaving some worried progress on reining in prices has stalled. Geoff Bennett discussed more with Mary Daly, president and CEO of the Federal Reserve Bank of San Francisco ..read more
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Bank of America CEO on interest rates, tariffs and Trump's second term
PBS NewsHour » Economy
by Geoff Bennett
4d ago
The U.S. economy continues to perform well by many measures. Retail spending was up notably around Black Friday, markets are at or near record levels and unemployment remains low. And yet, most Americans have long felt the economy is not doing well for them. Geoff Bennett discussed more with Bank of America CEO Brian Moynihan ..read more
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Why so many Americans are dissatisfied with the seemingly solid economy
PBS NewsHour » Economy
by Paul Solman, Diane Lincoln Estes
4d ago
There is a disconnect between seemingly solid economic numbers and the way people feel about this economy. Voters clearly were upset about the cost of living and that helped elect Donald Trump to a second term. Economics correspondent Paul Solman reports from Ohio on how Americans see this in the wake of the election ..read more
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U.S. job openings rose in October but hiring slowed, in a mixed picture for the labor market
PBS NewsHour » Economy
by Christopher Rugaber, Associated Press
5d ago
The increase suggests that job gains could pick up in the coming months, but the latest figure is down significantly from 8.7 million job postings a year ago ..read more
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Delaware judge reaffirms ruling that Tesla must revoke Elon Musk's multibillion-dollar pay package
PBS NewsHour » Economy
by Randall Chase, Associated Press
5d ago
The judge on Monday also rejected an equally unprecedented and massive fee request by plaintiff attorneys ..read more
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Stellantis CEO Carlos Tavares resigns as automaker struggles with declining sales
PBS NewsHour » Economy
by Wyatte Grantham-Philips, Associated Press
6d ago
The world's fourth-largest carmaker's North American operations had been the company's main source of profits for some time, but struggles piled up this year -- with the company citing larger market changes and rising competition ..read more
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Consumers still feel inflation's squeeze as holiday shopping season begins
PBS NewsHour » Economy
by John Yang, Andrew Corkery, Veronica Vela
1w ago
The weekend after Thanksgiving is the traditional start of the holiday shopping season, beginning with Black Friday. Some retailers have been offering discounts throughout November in hopes of encouraging shoppers squeezed by inflation to open their wallets. We hear from people about their shopping plans this year, and John Yang speaks with retail analyst Dana Telsey for more ..read more
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Trump threatens 100 percent tariff on BRICS nations if they try to undermine U.S. dollar
PBS NewsHour » Economy
by Fatima Hussein, Associated Press
1w ago
His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates ..read more
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