economy

US faces 10M home shortage; White House outlines fix

April 18, 2026 Josh Boak

WASHINGTON, D.C. — White House economists estimate the United States has a shortage of 10 million houses, according to a new report out Monday — and say regulatory cuts could lead to more construction to […]

April business travel to US down

May 25, 2025 Dee-Ann Durbin

Business travel to the U.S. fell 9% in April as companies and workers grappled with economic uncertainty and anger over the Trump administration’s tariffs and border policies. The National Travel and Tourism Office released preliminary […]

How S&P 500 recovered from year’s losses

May 24, 2025 The Associated Press

NEW YORK — Conditions appeared dire for the stock market in early April. President Donald Trump followed through on a campaign promise and announced sweeping tariffs against most U.S. trading partners. The S&P 500 dropped […]

Consumer spending up; shoppers, experts cautious over economy

March 22, 2025 Christopher Rugaber and Anne D’Innocenzio

WASHINGTON, D.C. — U.S. shoppers stepped up their spending just a bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously as concerns about the direction of the […]

Fed chair says interest rates on hold with economic uncertainty widespread

March 17, 2025 Christopher Rugaber

NEW YORK — The Federal Reserve is likely to keep its key interest rate unchanged in the coming months as it waits for widespread “uncertainty” stemming from President Donald Trump’s policies to resolve, Chair Jerome […]

Target struggles in third quarter despite price cuts, offers a tempered holiday outlook

November 30, 2024 Dan Reeves

NEW YORK— Target etched out a slim sales increase in the third quarter and profits slumped as inflation-weary customers pulled back on spending and costs related to a dockworker strike in October dragged on results. […]

Vance delivers Trump campaign’s energy, economic message in Raleigh

September 18, 2024 A.P. Dillon

RALEIGH — Former President Donald Trump’s running mate, Sen. JD Vance of Ohio, delivered remarks at a campaign stop at Raleigh’s Union Station on Wednesday. NCGOP Chairman Jason Simmons opened the event by urging everyone […]

Recent poll finds an uptick in positive ratings of the US economy, but it’s not boosting Biden

February 9, 2024 The Associated Press

WASHINGTON, D.C. — Stocks are near record highs. Growth was surprisingly strong last year. And once-hot inflation has begun to cool. But so far, U.S. adults are feeling only slightly better about the economy. A […]

Federal Reserve on track to cut rates this year with ‘no sign of recession,’ claims Powell

February 7, 2024 The Associated Press

WASHINGTON, D.C. — Chair Jerome Powell said in an interview broadcast Sunday night that the Federal Reserve remains on track to cut interest rates three times this year, a move that’s expected to begin as […]

Small biz owners are both hopeful and anxious about the holidays, taking a cue from their customers

November 10, 2023 The Associated Press

NEW YORK — All signs point to a relatively solid holiday season for America’s small businesses. Yet, owners of these businesses appear to have a collective anxiety about the months ahead. They have their customers […]