Federal Reserve Governor Christopher Waller said Monday that the U.S. central bank may need to raise interest rates in the near term if core inflation remains elevated. Speaking at an event in New York, Waller cited persistent strength in the economy, stable labor markets and resilient consumer demand, while warning...
STANFORD, California — More than 200 leading economists and artificial intelligence researchers, including sixteen Nobel Laureates, have issued a joint statement warning that rapid advances in AI could cause unprecedented economic disruption. The document, titled "We Must Act Now: A Statement on AI's Transformation of the Economy," was released on...
Florida drivers saw higher gasoline costs this week after renewed tensions between the United States and Iran pushed oil prices higher overnight. AAA reported in early trading U.S. crude rose nearly $2.50 per barrel, about a 3% increase from Friday's close of $71.41, reflecting concerns about transit through the Strait...
CHARLESTON, S.C. — GasBuddy reported Monday that South Carolina's average price for regular gasoline rose 14.9 cents over the past week to $3.55 per gallon, while the national average increased 10.3 cents to $3.82, ending an eight-week streak of declines. AAA reported this week that Florida's state average also climbed...
Washington, United States – The Federal Reserve, in its semi-annual Monetary Policy Report to Congress released on Friday, July 11, reported that US inflation has re-accelerated and pledged to act forcefully to restore price stability. The central bank said its preferred gauge, the Personal Consumption Expenditures (PCE) index, climbed 1.6...
The United States Federal Reserve is sharply divided over whether to raise interest rates further under newly appointed Chair Kevin Warsh, as inflation risks intensify following a renewed surge in global oil prices. Minutes from the June 16–17, 2026 Federal Open Market Committee meeting show policymakers evenly split between holding...
Little Rock, Arkansas — AAA reported on Thursday that state and regional gasoline prices rose this week amid renewed Middle East tensions, with Arkansas averaging $3.47 per gallon, Missouri $3.50, and Texas $3.41; the releases noted weekly increases of 3 to 7 cents and year-over-year jumps near 61 to 67...
WASHINGTON — The U.S. economy is confronting simultaneous labor market weakness and trade policy uncertainty as the July 4th holiday approaches, with fresh data and diplomatic moves pointing to a more fragile outlook. Bureau of Labor Statistics figures show employers added 57,000 jobs in June, about half of economists’ expectations...
WASHINGTON, United States – The U.S. labor market showed clear signs of weakening in June 2026, as new government data and a Newsweek analysis pointed to a marked hiring slowdown alongside the growing impact of artificial intelligence on the workforce. The Department of Labor reported that nonfarm payrolls increased by...
WASHINGTON — The U.S. labor market weakened sharply in June 2026, with nonfarm payrolls increasing by just 57,000 jobs, according to the Bureau of Labor Statistics report released on July 2, 2026. The gain was roughly half the consensus forecast of 113,000 to 115,000 jobs and represented a marked slowdown...
