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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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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JPMorgan Chase CEO Jamie Dimon on Tuesday said that while the U.S. economy has stayed strong through the second quarter of this year, there remain potential stumbling blocks to the economic outlook. Dimon said that the “U.S. economy has remained resilient” and noted that while there are potential boosts coming from…
Inflation increased in June and moved further away from the Federal Reserve’s target rate as central bank policymakers prepare to meet later this month amid President Donald Trump’s calls for interest rate cuts. The Bureau of Labor Statistics on Tuesday said that the consumer price index (CPI) – a broad measure…
President Donald Trump on Tuesday said consumer prices are lower and that the Federal Reserve should lower interest rates. “Consumer Prices LOW. Bring down the Fed Rate, NOW!!!” Trump said in a post on Truth Social.The president said in a separate post that the central bank should lower rates by…
Avelo Airlines, a budget carrier based in Texas, on Monday said it will shut down its West Coast operations at Hollywood Burbank Airport amid financial challenges. Avelo will reduce its operations at the airport to one aircraft until Dec. 2 before closing its Southern California base, which currently serves 13…
GE Vernova, the energy spin-off of GE, is investing an additional $80 million in its flagship grid solutions factory in Pennsylvania over the next two years to modernize the electric grid and meet growing demand. The investment will create 250 jobs at the leading grid solutions factory in Charleroi. It…
The South hosts a substantial number of the metro areas experiencing the fastest growth in the U.S. That’s according to a recently released report from LendingTree that determined eight of America’s 10 “biggest boomtowns” were located in the south, with Texas and Florida leading the way. Four different states within the South…
Federal Reserve Chair Jerome Powell has asked the central bank’s inspector general to review the renovation of its historic headquarters in Washington, which Trump officials have seized on as a new way of criticizing the Fed’s operations amid a push to compel Powell’s resignation. Over the weekend, Powell reportedly asked Federal Reserve…
A member of the Federal Reserve Board of Governors on Monday said that the U.S. economy is “really healthy” and that there isn’t currently a need to cut interest rates barring a deterioration in the labor market amid uncertainty over the impact of tariffs on inflation. Federal Reserve Bank of Cleveland…
Farm groups and Republican lawmakers are sounding the alarm over a 21% tariff that goes into effect on Monday that hits fresh tomato imports from Mexico, threatening to shake up a North American supply chain that provides billions of pounds of tomatoes to U.S. consumers each year. At the heart…
Property taxes are one of the most significant ongoing expenses homeowners face. The taxes are meant to fund local government services such as infrastructure, schools, and other essential systems. The specific fee is calculated based on a home’s value and its location, though the amount can vary annually based on…
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