The Federal Reserve’s preferred inflation gauge showed that prices increased slightly in June as the central bank continues to monitor for signs of tariff-induced inflation impacting consumers. The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index rose 0.3% on a monthly basis and 2.6% from a year ago,…
American distillers are keeping a close eye on trade talks as Canada and Mexico have until Friday to reach deals with the U.S. President Donald Trump on Sunday levied a 15% tariff on most products imported from the 27-nation European Union. Prior to the deal, the European Union faced a…
The Federal Reserve on Wednesday announced that it will leave its benchmark interest rate unchanged, as policymakers decided to hold rates steady amid elevated economic uncertainty as they continue to monitor inflationary pressures and labor market data. The central bank’s decision leaves the benchmark federal funds rate at a range…
Meta CEO Mark Zuckerberg on Wednesday announced the tech giant will focus on developing a personal superintelligence for everyone, which will further enable creative and leisurely pursuits. Zuckerberg discussed the path forward for Meta’s artificial intelligence (AI) push in a video published on Facebook and Instagram, two of the main social media…
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The United States has a copper problem. Simply put, the U.S. uses a lot of it and there aren’t enough…
General Motors’ net income shrank 35% in the second quarter despite strong sales gains as President Trump’s automotive tariffs weighed…
Bitcoin hit a record high on Monday amid investors’ optimism that the cryptocurrency may soon have more regulatory certainty with…
The average net worth that Americans feel is needed to qualify as wealthy has surprisingly declined, compared to last year,…
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Spirit Airlines is preparing to furlough 270 pilots this fall. The furloughs will go into effect on November 1, the budget-friendly airline said on Monday. An additional 140 pilots will be demoted on October 1, as the cash-strapped carrier looks to scale down its workforce…
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Let’s talk about energy dividends because, well, you know why. But let’s not chase the headlines. Let’s focus on energy “toll collectors” that…
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Whether your workspace is located in an office building or within your own home, the way you design it can have a direct…
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Dispatches from SuperReturn Berlin and the Inovia VC Summit “It was the best of times, it was the worst of times.” On the…
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The U.S. Department of Agriculture announced Thursday it will relocate much of its staff in the Washington, D.C., area to five regional hubs and vacate several buildings in the nation’s capital, including its flagship research center. No more than 2,000 USDA employees will remain in the Washington area at the…
State Farm will soon hike insurance rates on Illinois homeowners by more than 27%. That is effectively adding $746 to the average policyholder’s annual premium. For comparison, the average homeowner’s insurance costs are roughly $2,110 a year, or about $176 a month, according to a May analysis by NerdWallet.Illinois Gov.…
Mortgage rates ticked lower this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.74% from last week’s reading of 6.75%.The average rate on a 30-year loan was 6.78% a…
Five Australian women who say they were strip-searched after being pulled off of a Qatar Airways flight nearly five years ago have won the right to sue the airline. The ruling was handed down by three Australian appellate judges on Thursday. The women allege they were subjected to invasive examinations…
Uber announced a “Women’s Preferences” on Wednesday that would allow women riders and drivers in the U.S. to only be connected with other women for their trips through the ride-sharing service. The pilot program will begin in the next few weeks in Los Angeles, San Francisco, and Detroit. The company…
TD Bank has directed employees to work in the office four days a week starting this fall, according to a memo from the company. Executive-level staff at the bank will be required to work from the office at least four days a week starting Oct. 6, and non-executive employees must…
A community-owned grocery store in Kansas City, Missouri, is on the brink of closing as the concept of municipal subsidies for such stores gets more attention around the country due to the New York City mayoral race. The local government in Kansas City sought to address a so-called “food desert” —…
Those living in Brooklyn will be able to enjoy a new Chick-fil-A location this week, with a creative offer to draw in customers. The establishment, which be located in the borough’s downtown section by Smith Street and Livingston Street, opens at 6:30 a.m. on Thursday. “To celebrate the restaurant moo-ving into…
The Tesla Diner in Los Angeles is now welcoming guests looking to recharge their stomachs and electric vehicles (EVs) 24/7. On Tuesday morning, Tesla CEO Elon Musk shared three posts to X about the diner he has described as “retro-futuristic.” It officially opened on Monday in Hollywood. “Only Tesla has you…
British biopharmaceutical giant AstraZeneca plans to invest $50 billion in the U.S. by 2030, the company announced on Monday. The investment is expected to create tens of thousands of new, highly skilled direct and indirect jobs across the U.S., AstraZeneca said. The “cornerstone” of the investment is a proposed new…
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