economy

Holiday sales up 7.6% despite the squeeze of inflation

NEW YORK (AP) — Holiday sales rose this year as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent, according to one measure. Holiday sales rose 7.6, a slower pace than…

Senate moves to avert rail strike amid dire warnings

By KEVIN FREKING and JOSH FUNK Associated Press WASHINGTON (AP) - The Senate has moving quickly to avert a rail strike that the Biden administration and business leaders say would greatly damage the economy. The Senate passed a bill Thursday…

Mississippi lawmakers push incentives for aluminum plant

By EMILY WAGSTER PETTUS Associated Press JACKSON, Miss. (AP) - Mississippi legislators are working quickly to approve nearly $247 million in state incentives for an aluminum plant. The project could bring 1,000 jobs to the northern part of the state…

Fewer Americans apply for jobless benefits last week

By MATT OTT AP Business Writer WASHINGTON (AP) - The number of Americans applying for unemployment benefits fell last week and remains historically low even as the U.S. economy slows in the midst of decades-high inflation. Jobless claims for the…

Social Security benefits to jump by 8.7% next year

WASHINGTON (AP) - Millions of Social Security recipients will get an 8.7% boost in their benefits in 2023. That’s a historic increase and welcome news for American retirees and others - but it’s tempered by the fact that it’s fueled…