Economy

Bond yields remain high this year after a miserable 2022 in debt markets. That's raising borrowing costs such as interest rate payments for credit cards.

Economy

Why the sell-off in bond markets could impact you

5:00am August 11, 2023

by David Gura

The bond markets are being hit hard by the Fed's aggressive rate hikes and recent events including a downgrade of the country's ratings. These are three ways in which that could impact the U.S.

The latest inflation report is reinforcing hopes about a soft landing in the economy — or when inflation eases without sparking a downturn.

Economy

Here's where inflation stands today — and why it's raising hope about the economy

4:53pm August 10, 2023

Consumer prices rose 3.2% in July from a year ago, higher than the 3% gain seen in June — but it was largely due to math. Overall, inflation continues to ease, raising optimism about the economy.

Yellowstone's later seasons were filmed in Montana.

Hollywood strikes' economic impacts are hitting far beyond LA

4:42pm August 10, 2023

by Tilda Wilson

The writers and actors strikes in Hollywood are affecting jobs across the U.S. The Motion Picture Association says film and TV productions employ more than 1.7 million people outside California.

July prices give hope the economy may come under control without going into recession

4:39pm August 10, 2023

Gas and groceries got more expensive in July, but the price of most other goods was down. The Federal Reserve may be able to bring inflation under control without tipping the economy into recession.

A sign points visitors toward the financial services department at Grady Memorial Hospital, in Atlanta.

Getting clear prices for hospital care could get easier under a proposed rule

10:50am August 10, 2023

by Julie Appleby

The Biden administration wants hospitals to do more to make their prices understandable, so that consumers know in advance what a health care service will cost them.

Annual inflation accelerated slightly in July, although the uptick was modest and within expectations.

Economy

Inflation got a little higher in July as prices for rent and gas spiked

8:55am August 10, 2023

by Scott Horsley

Consumer prices rose 3.2% in July from a year ago, up slightly from the 3% annual rise see in June — but still within analyst expectations

3 scenarios for what could come next when new inflation numbers are released tomorrow

5:41pm August 09, 2023

by Keith Romer

Ahead of tomorrow's new inflation report, our Planet Money teams looks at three different scenarios for what could come next for the US economy.

Economy

Klaussner Home Furnishings closure impacts 945 employees in Randolph County

3:52pm August 08, 2023

by David Ford

After decades of operation, Klaussner Home Furnishings is shuttering its doors. Klaussner began operation in 1963 and grew to become one of the largest wood products producers in North America.

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The latest employment data for July is bolstering hopes about the economy after employers continued to add jobs at a solid clip.

The case for a soft landing in the economy just got another boost

4:42pm August 04, 2023

by Scott Horsley

U.S. employers added 187,000 jobs in July, a slower but still solid pace of growth, suggesting the Federal Reserve may be able to curb inflation without triggering a recession.

Economy

Office vacancies are likely on the rise in the Triad

4:26pm August 04, 2023

by David Ford

As businesses adjust to remote work trends, the number of office leases signed has taken a big dip in the Research Triangle, and — to a lesser degree — the Piedmont Triad. This new leasing landscape is forcing builders and would-be renters to adjust.

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