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Author: Paul Davidson, USA TODAY

Money

What does the Silicon Valley Bank collapse mean for the economy? Experts expect modest dip.

March 15, 2023March 15, 2023 Paul Davidson, USA TODAY Comments Off on What does the Silicon Valley Bank collapse mean for the economy? Experts expect modest dip.

SVB’s collapse and banking stress will likely reduce GDP growth slightly, by 0.2 to 0.3 percentage points. Banks will likely be more hesitant to lend

Money

Consumer price inflation rate slows to 6% in February, but prices post strong monthly gain

March 14, 2023 Paul Davidson, USA TODAY Comments Off on Consumer price inflation rate slows to 6% in February, but prices post strong monthly gain

February CPI report shows annual inflation eased again but prices increased sharply on monthly basis. Core CPI gain slowed to 5.5%

Money

Some economists expect Fed to keep interest rates unchanged amid Silicon Valley Bank crisis

March 13, 2023 Paul Davidson, USA TODAY Comments Off on Some economists expect Fed to keep interest rates unchanged amid Silicon Valley Bank crisis

Some economists expect the Fed to keep its key interest rate unchanged due to concerns about financial stability after the Silicon Valley Bank crisis

Money

The Fed is hiking interest rates to tame inflation even at the risk of recession. But can it?

March 12, 2023 Paul Davidson, USA TODAY Comments Off on The Fed is hiking interest rates to tame inflation even at the risk of recession. But can it?

The Federal Reserve is risking a recession by trying to curtail wage growth and inflation. Some economists say its impact on wages may be limited.

Money

Jobs report: Employers added 311,000 jobs in February as hiring slowed; unemployment rose to 3.6%

March 10, 2023March 10, 2023 Paul Davidson, USA TODAY Comments Off on Jobs report: Employers added 311,000 jobs in February as hiring slowed; unemployment rose to 3.6%

Labor Dept: U.S. employers added 311,000 jobs in February as hiring slowed after booming gains the prior month, jobs report shows. Unemployment rose to 3.6%.

Money

Consumers hurt by illegal junk fees for bank accounts, loans and mortgages, CFPB report finds

March 8, 2023 Paul Davidson, USA TODAY Comments Off on Consumers hurt by illegal junk fees for bank accounts, loans and mortgages, CFPB report finds

The Consumer Financial Protection Bureau found Americans were hit with many junk fees for auto loans, mortgages, student loans and payday lending.

Money

Job openings, quitting fell, layoffs rose in January as labor market cooled

March 8, 2023 Paul Davidson, USA TODAY Comments Off on Job openings, quitting fell, layoffs rose in January as labor market cooled

Job openings declined in January while layoffs increased in signs demand for workers may be easing. The number of people quitting jobs also fell.

Money

Jerome Powell remarks today: Fed chair testifies before Senate on inflation, speeding up rate hikes

March 7, 2023March 7, 2023 Paul Davidson, USA TODAY Comments Off on Jerome Powell remarks today: Fed chair testifies before Senate on inflation, speeding up rate hikes

Powell tells Congress the Fed could raise interest rates more than anticipated to tame inflation. Price increases and job growth have surged lately.

Money

Fed will hike interest rates higher if strong job growth, inflation continue, Fed governor says

March 2, 2023March 3, 2023 Paul Davidson, USA TODAY Comments Off on Fed will hike interest rates higher if strong job growth, inflation continue, Fed governor says

The Federal Reserve will lift interest rates more than planned if a trend of strong job growth, high inflation doesn’t reverse, a key official says.

Money

From performing arts to theology, college grads in these majors are just scraping by

March 2, 2023 Paul Davidson, USA TODAY Comments Off on From performing arts to theology, college grads in these majors are just scraping by

Here are 6 college majors that lead to median salaries of under $40,000 within five years of graduation. Among them: theology, psychology, hospitality

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Headlines

‘Never seen anything like this’: Idalia deluge still wreaking havoc in Southeast. Live updates

August 31, 2023 John Bacon, Douglas Soule and Christopher Cann, USA TODAY

‘Big Hero 6’s San Fransokyo comes to life at Disneyland

August 31, 2023 Eve Chen, USA TODAY

Gadget guru or digitally distracted? Which of these 5 tech personalities are you?

August 31, 2023 Jennifer Jolly

U.S. Embassy urges Americans to leave Haiti ‘as soon as possible’

August 31, 2023 Kim Hjelmgaard, USA TODAY

PCE inflation report: Key measure ticks higher in July. What will the Fed do?

August 31, 2023August 31, 2023 Paul Davidson, USA TODAY

These kids are good: Young Reds in pursuit of a pennant stretch to remember

August 31, 2023 Bob Nightengale, USA TODAY

Blue supermoon: See photos of the rare moon that won’t happen again until 2037

August 31, 2023 Francisco Guzman, USA TODAY

1 dead, 18 injured after collision between car, Greyhound bus in Maryland, police say

August 31, 2023 Emily DeLetter, USA TODAY

USA TODAY Sports staff makes college football picks: Check out the predictions for 2023

August 31, 2023 USA TODAY

Many homeless among dead in fire in Johannesburg, South Africa

August 31, 2023 AP
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