Tag: economy

TOPEKA — Gov. Laura Kelly prevailed in a whirlwind economic development competition Wednesday by landing a commitment from Panasonic Corp. to build the largest electric vehicle battery plant in the world at an industrial park…

WASHINGTON (AP) — Inflation’s relentless surge didn’t merely persist in June. It accelerated. For the 12 months ending in June, the government’s consumer price index rocketed 9.1%, the fastest year-over-year jump since 1981. And that…

Crunch time has finally arrived for President Joe Biden’s economic agenda as congressional Democrats scramble for a deal on a slimmed-down version of what was once a multi-trillion-dollar overhaul of domestic policy. The Senate aims…

TOPEKA — The state of Kansas had sufficient cash flow for the first time in more than 20 years to avoid borrowing to cover day-to-day operating expenses while simultaneously building a reserve fund in the…

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said there’s “no guarantee’’ the central bank can tame runaway inflation without hurting the job market. Speaking Wednesday at a European Central Bank forum in Sintra, Portugal,…

WASHINGTON (AP) — U.S. consumer confidence slipped to its lowest level in 16 months as persistent inflation and rising interest rates have Americans as pessimistic as they’ve been about the future in almost a decade.…

DETROIT (AP) — High gas prices have Wallace Reid looking for a new career. Reid, who drives for Uber and Lyft in New York, fills up his Lexus at least three times a week. He…

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed’s efforts so far to tame it. Increasingly,…

DALLAS (AP) — The average price that Americans pay for a gallon of gasoline is closing in on $5, an unwelcome milestone and another drain on the wallets of consumers who are paying more for…

WASHINGTON (AP) — Stagflation. It was the dreaded “S word” of the 1970s. For Americans of a certain age, it conjures memories of painfully long lines at gas stations, shuttered factories and President Gerald Ford’s…