By Alicia Wallace, CNN (CNN) — Americans ramped up their spending in August; however, their costs of living were on the rise as food and other goods became even more expensive last month and services prices remained stubbornly high. New economic data released Friday showed that consumer spending rose 0.6% in the key back-to-school shopping
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COLUMBIA, Mo. (KMIZ) Boone County was middle-of-the-pack among the state’s biggest counties in wage gains over the first quarter of the year, the Bureau of Labor Statistics reported this week. Wages reported to the bureau increased by close to 3% in Boone County in the first quarter, which covers the period of January to March.
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Economic indicators have been making big headlines lately. Last week came a sorry report with just 22,000 jobs created in August and unemployment at its highest since 2021. Then came more bad news on Tuesday — fewer jobs were added in the year that ended in March than experts thought, while income gains were eaten
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By Alicia Wallace, CNN (CNN) — The American jobs market has been running in a much lower gear than previously thought, according to a preliminary report released Tuesday. The US economy added about 911,000 fewer jobs than initially estimated for the year ending in March, the Bureau of Labor Statistics report suggests. If this were
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COLUMBIA, Mo. (KMIZ) The City of Columbia’s Chamber of Commerce claims the area has a lot of jobs to fill, despite job growth stalling nationally. The jobs report released on Friday indicates 22,000 jobs were added to the economy last month and the unemployment rate rose from 4.2% to 4.3%. There are about 7.4 million
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COLUMBIA, Mo. (KMIZ) The first reported case of a flesh-eating parasite in a human was confirmed by the U.S Department of Health and Human Services on Monday. The Maryland resident who was diagnosed has recovered from the infection. According to HHS, a person who traveled to El Salvador was diagnosed with New World screwworm, a
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Sunday is the last day to take advantage of Missouri’s back-to-school sales tax holiday.
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Parents around Mid-Missouri will be shopping for school supplies soon, if they haven’t started already. Many families are already shopping for supplies, hoping to buy before tariffs take effect on Aug. 1. Many of the items kids use in schools are imported from other countries that could fall under new tariffs. And inflation, of course,
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By Dan Berman and Ramishah Maruf, CNN (CNN) — A federal appeals court has paused Wednesday night’s ruling from the Court of International Trade that blocked President Donald Trump’s tariffs. The United States Court of Appeals for the Federal Circuit’s ruling restores Trump’s ability to levy tariffs using the emergency powers he declared earlier this
Continue ReadingBy Bryan Mena, CNN Washington (CNN) — It’s been a little while since Americans had an inkling of optimism about the economy. Consumer confidence rose 12.3 points this month to a reading of 98, the Conference Board said in its latest survey released Tuesday, the first monthly gain since November and the biggest monthly increase
Continue ReadingBy Elisabeth Buchwald and Tami Luhby, CNN (CNN) — Moody’s Ratings downgraded the United States’ debt on Friday, stripping the country of its last perfect credit rating. The move could rattle financial markets and push up interest rates, potentially creating an additional financial burden for Americans already struggling with tariffs and inflation. Of the three
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Another round of auto tariffs went into effect Saturday, this time on imported parts. President Donald Trump signed a proclamation on March 26 to impose a 25% tariff on imports of automobiles and certain automobile parts.
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MEXICO, Mo. (KMIZ) It’s been three years since the hospital in Mexico closed its doors, leaving Audrain County communities in limbo for immediate emergency care. “Having no hospital and no emergency room, it’s been devastating to this community, devastating to my practice,” said surgeon Dr. Joseph Corrado. “Before it was easy, you know, we had
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COLUMBIA, Mo. (KMIZ) Missouri is the 18th largest state by population, with 161 licensed hospitals statewide. In rural counties, their numbers are dropping. According to the Department of Health and Senior Services, 12 Missouri hospitals in rural counties closed from 2014 to 2023. “Minutes can mean the difference between life and death,” said Heidi Lucas,
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By Samantha Delouya, CNN (CNN) — Springtime home shoppers may be feeling the impact of an intensifying trade war. The average rate on a standard, 30-year fixed mortgage was 6.83% in the week ending April 17, up from 6.62% a week ago, mortgage financing provider Freddie Mac said Thursday. That’s the largest one-week jump in
Continue ReadingBy Bryan Mena, CNN Washington (CNN) — Americans are rarely this pessimistic about the economy. Consumer sentiment plunged 11% this month to a preliminary reading of 50.8, the University of Michigan said in its latest survey released Friday, the second-lowest reading on records going back to 1952. April’s reading was lower than anything seen during
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By Alicia Wallace, CNN (CNN) — Inflation slowed sharply in March, new data showed Thursday, underscoring the continued strength and resilience of the economy ahead of President Trump’s aggressive trade moves. In any other timeline, such news would stoke optimism that Americans’ cost of living is no longer surging. Instead, Thursday’s Consumer Price Index report
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The financial markets went on a roller-coaster ride this week, powered by President Donald Trump’s tariff pronouncements. The latest came Wednesday, when Trump’s administration said it would pause tariffs on many countries it had targeted for 90 days to let negotiations play out. Tariffs had been set to start this week against scores of countries.
Continue ReadingBy John Towfighi, David Goldman and Matt Egan, CNN New York (CNN) — What was a massive rally on Wall Street turned into yet another sizeable decline. Cheap stocks and hope for signs of trade negotiation sent markets surging Tuesday morning — but that relief rally evaporated as the White House said it would levy
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Things were looking dire for the Dow before Monday even began. The news started coming out Sunday evening that futures trading was way down on the Dow Industrial Average — to the tune of more than 1,200 points. It was a harbinger of another hard Monday to come. The international markets’ major slide since President
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