US consumer prices rose 0.6% in July, matching June uptick

WASHINGTON (AP) — U.S. consumer prices jumped 0.6% in July as gasoline prices continued to rise. The Labor Department reported Wednesday that the increase last month in its consumer ...

US producer prices up 0.6% in July, biggest jump since 2018

WASHINGTON (AP) — U.S. wholesale prices shot up an unexpected 0.6% in July, biggest gain since October 2018, with energy prices moving sharply higher. The Labor Department said Tuesd...

AP Explains: 5 key takeaways from the July jobs report

WASHINGTON (AP) — A resurgence in COVID-19 cases didn’t shut off the American job creation machine last month — but it did slow it down. Employers added 1.8 million jobs in July, sli...

Trump targets Canada, re-imposing tariffs on aluminum

WASHINGTON (AP) — President Donald Trump said Thursday that the United States is reinstating a 10% import tax on Canadian aluminum, raising tensions with an American ally just weeks after his trade pa...

Many more likely sought jobless aid amid resurgence of virus

WASHINGTON (AP) — With the nation still gripped by an alarming resurgence of coronavirus cases, the U.S. government will provide its latest snapshot Thursday of the layoffs that have remained elevated...

US trade deficit drops in June on record rise in exports

WASHINGTON (AP) — The U.S. trade deficit fell in June for the first time since February as exports posted a record increase, rising twice as fast as imports. The Commerce Department ...

1.4 million seek jobless aid as virus keeps forcing layoffs

WASHINGTON (AP) — More than 1.4 million laid-off Americans applied for unemployment benefits last week, further evidence of the devastation the coronavirus outbreak has unleashed on the U.S. economy. ...

S&P CoreLogic Case-Shiller: US home prices rose 3.7% in May

WASHINGTON (AP) — U.S. home prices grew more slowly in May, but continued to show resilience in the face of the coronavirus outbreak. The S&P CoreLogic Case-Shiller 20-city home ...

As restaurants endure economic losses, others feel pain, too

WASHINGTON (AP) — Restaurants helped revive the U.S. economy after the Great Recession of 2007-2009. This time? Don't count on it. As the nation struggles to rebound from a now-resu...

IMF: U.S. economy will drop 6.6% in 2020 in face of pandemic

WASHINGTON (AP) — The International Monetary Fund predicted Friday that the U.S. economy will shrink 6.6% this year, pounded by the coronavirus and the lockdowns meant to contain it. ...

US industrial production surges 5.4% in June

WASHINGTON (AP) — Production at America's factories, utilities and mines surged last month, but remained well below pre-pandemic levels. The Federal Reserve said Wednesday that U.S. ...

US targets $1.3 billion in French imports in tech tax clash

WASHINGTON (AP) — The Trump administration on Friday announced plans to impose taxes on $1.3 billion in French imports — hitting handbags and makeup but sparing cheese and wine — in retaliation for Fr...

AP Explains: 5 key takeaways from a strong June jobs report

WASHINGTON (AP) — At first glance, the June employment report was a blockbuster. The U.S. economy produced a record 4.8 million added jobs last month, walloping expectations. And the...

US trade deficit rises 9.7% in May to $54.6 billion

WASHINGTON (AP) — The U.S. trade deficit rose for the third straight month in May. Both exports and imports fell as the coronavirus outbreak continued to take a toll on world commerce. ...

Orders for US big-ticket factory goods surge 15.8% in May

WASHINGTON (AP) — Orders to American factories for big-ticket goods rebounded last month from a disastrous April as the U.S. economy began to slowly reopen. The Commerce Department s...