Inflation has cooled, but getting to the Fed’s target rate will be the toughest part

Over the past year, inflation in the U.S. has tumbled from 9% all the way to 3%, softening most of the price pressures that have gripped the nation for more than two years.

State governments are rushing to get a handle on AI before imposing business restrictions  

As states rush to get a handle on fast-evolving artificial intelligence technology, lawmakers are  often focusing first on their own state governments before imposing restrictions on the private sector.

US employers added fewer-than-expected 187,000 jobs in July

U.S. employers added 187,000 jobs last month, fewer than expected, as the higher interest rates continued to weigh on the economy. But the unemployment rate dipped to 3.5% in a sign that the job market remains resilient.

Weekly applications for US jobless aid tick up from five-month low 

The number of Americans seeking unemployment benefits rose slightly last week but remained at a historically low level that points to a robust job market.

A key inflation gauge has fallen to its lowest level in more than two years 

A measure of consumer prices that is closely monitored by the Federal Reserve fell last month to its lowest level since March 2021, the latest sign that inflation in the U.S. is steadily cooling from its once-painful highs.

After raising prices sharply, corporate profits are now getting squeezed

The squeeze is on for profits at big companies. After enjoying a strong run where...

For wedding photographers it’s all about the turnaround time for pictures

Wedding photographers like Baton Rouge-based Eric Garcia are noticing a shift in their industry, with clients planning smaller events and requesting a faster turnaround on photos. 

US jobless claims fall again as labor market continues to flash strength

Fewer Americans applied for unemployment benefits last week with the labor market continuing to cruise along despite higher interest rates intended to cool hiring.

Energy sector gets left behind as Wall Street exits bear market

Falling crude oil prices and lingering worries about the global economy have been sapping power from energy stocks throughout 2023.

US inflation falls to 3%, its lowest level in more than two years

After two years of painfully high prices, inflation in the U.S. has reached its lowest point in more than two years—3% in June compared with 12 months earlier—a sign that the Federal Reserve’s interest rate hikes have steadily slowed price increases across the economy.