Scott Horsley
Stories
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Research into the root of wealth and poverty among nations wins Economics Nobel Prize
The Nobel Prize in Economics was awarded Monday to a trio of U.S.-based researchers, for their study of the institutional roots of wealth and poverty among nations.
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Nobel Prize in Economics goes to 3 American economists who study global inequality
The prize is shared by Daron Acemoglu and Simon Johnson of MIT and James Robinson of the University of Chicago. They will split the prize money of 11 million Swedish krona or about $1.058 million.
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Residents in hurricane-affected states are complaining of 'price gouging.' What is it?
Price gouging is both difficult to define and difficult to counter.
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Out today: The good news and bad news about inflation
Inflation cooled less than expected in September. Consumer prices were up 2.4% from 2024. The government announced that Social Security recipients will get a cost of living increase of 2.5% in 2025.
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The U.S. saw stunningly strong growth in jobs last month. Here's what to know
U.S. employers added more than a quarter million jobs in September, while the unemployment rate fell to 4.1%. Here's what to know about the data.
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Why bananas may become one of the first casualties of the dockworkers strike
One of the first places shoppers may feel the effects of the dockworkers' strike is in the produce aisle. Hundreds of tons of bananas are stuck in transit — and they won't keep for long.
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Justice Department accuses Visa of stifling competition in the debit card business
The Justice Department sued Visa today, accusing the giant payments company of seeking to monopolize the debit card business.
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The Federal Reserve starts cutting interest rates in a big moment for the economy
The Federal Reserve moved aggressively Wednesday to start cutting interest rates as easing inflation fears gives way to concern about the job market.
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The Federal Reserve is on the verge of cutting interest rates. Here's what to know
The Fed is expected to start cutting interest rates on Wednesday — marking a milestone in the central bank's long-running battle against inflation.
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Interest rates are set to drop, but it's unclear when consumers will feel the impact
The Federal Reserve is gearing up to start cutting interest rates for the first time since 2020 -- but a key decision looms: whether to start small or big.
