Jamie Dimon says he understands anti-rich anger over wealth inequality

JPMorgan Chase Chairman and CEO Jamie Dimon is validating the growing frustration of working-class Americans, admitting in a recent interview that he completely understands why many have grown “anti-rich.” The Wall Street billionaire argued that decades of ineffective public policies have left lower-income families behind in struggling rural areas and…

Warsh says Fed policymakers have ‘no tolerance’ for elevated inflation

Federal Reserve Chair Kevin Warsh on Tuesday told House lawmakers that the central bank’s policymakers have “no tolerance for persistently elevated inflation” in his first testimony as Fed chief. Warsh said in his prepared testimony for the House Financial Services Committee that concerns about inflation influenced the Fed’s decision to hold the…

June CPI: Inflation eased following recent surge driven by Iran war

This story about the June 2026 CPI inflation report will be updated with further details. Inflation pulled back in June after surging in prior months due to the Iran war’s impact on energy prices throughout the economy.The Bureau of Labor Statistics (BLS) said on Tuesday that the consumer price index (CPI)…

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Portland General Electric hikes data center rates under Oregon law

The state of Oregon’s utility regulator is implementing a new rule starting Wednesday that will raise the electricity bills of data centers and other large energy users to allow lower rates for other customers. The Oregon Public Utility Commission (PUC) approved updated electricity rates for data centers and other residential…

USPS Forever stamp price to rise to 82 cents after regulator approves rate hike

The cost of mailing a letter will climb again this summer after federal regulators approved another round of U.S. Postal Service (USPS) price increases, including a 4-cent increase in the price of a Forever stamp. The Postal Regulatory Commission on Wednesday approved USPS’ proposed mailing services price changes, clearing the…

Pedigree dog food recalled over metal and plastic contamination risk

Two lots of Pedigree-branded dog food were recalled over the potential presence of metal and plastic. Mars Petcare US issued the voluntary recall July 2 for 13.2-ounce cans of High Protein Chopped Chicken & Duck Flavor for dogs, according to a company announcement.The affected products include lot codes 613C3KKCFC and…

Gallup data finds non-AI users more likely to face layoffs in 2026

American workers who never use artificial intelligence (AI) may be more likely to be laid off than those who use AI more regularly, according to new data. Gallup research found that 62% of workers who have been laid off were non-users of AI who used it once per year or…

SSI beneficiaries receive 2 direct deposit payments in July 2026

Some Social Security beneficiaries will receive two checks this July as a quirk in the calendar shifted the payment timeline for an adjacent month. The Social Security Administration (SSA) ordinarily disburses payments for Supplemental Security Income (SSI) on the first day of a given month. The SSI program provides monthly…

Midwesterners retire to Florida Gulf Coast, fueling Sarasota boom

A community on Florida’s Gulf Coast has seen a large influx of new residents from the Midwest who are driving the area’s rapid growth. The population of Sarasota County, Florida, has grown 12.4% over the five years leading up to April 2025, according to Florida’s Bureau of Economic and Business…

New car payments reach all-time high of 0 in first quarter 2026

The average new car payment rose to an all-time high in the first quarter as American households continued to face affordability challenges in the economy. A new report by LendingTree citing data from Experian for the first quarter of 2026 found that the average monthly payment for a new vehicle…

Trump administration targets 702 rules in .5T deregulatory plan

The Trump administration on Friday laid out a sweeping deregulatory plan to eliminate over 700 rules across federal agencies. The Office of Information and Regulatory Affairs (OIRA) released its 2026 regulatory plan which covered 702 deregulatory actions, an increase from 482 in the 2025 regulatory plan released by the Trump…

Chick-fil-A hack lets a family of five eat for under , father says

A father says his family of five is able to eat at Chick-fil-A for under $45 using a DIY sandwich “hack,” though menu prices vary by location amid concerns across the country about affordability due to rising costs. Jeff Johnson, a worship pastor at an Atlanta church and a podcast…