The federal funds futures market now implies a near certainty—a 98 percent chance—that the Fed cuts at its September meeting and then over a 90 percent chance that it cuts again in either November or December.
The Teamsters, representing more than a million members, is considering not making an endorsement at all in this year’s presidential race.
China signed a deal to import $25 million in Afghan cotton, providing income to the Taliban and muddying China’s cotton supply lines.
The Dow Jones Industrial Average soared to new record highs on Tuesday after Donald Trump appeared at the Republican National Convention on Monday night. The Dow rose by 730 points, or 1.8 percent, its best day since June of last
Amazon Prime Day has been a big cause of injuries to warehouse workers, a year-long Senate committee investigation found.
A recent study by MRC Free Speech America has uncovered a significant disparity in how X’s algorithm treats Vice President Kamala Harris’s account compared to potential Republican vice presidential candidates, raising questions about the platform’s commitment to unbiased content distribution.
Inflation may not be dead after all.
Kenza Layli, an AI-generated Moroccan muslim lifestyle influencer, has been crowned the winner of the inaugural Miss AI beauty pageant.
The FBI has announced it “gained access” to the phone of Thomas Matthew Crooks, the suspect in the attempted assassination of former President Donald Trump at his rally in Butler, Pennsylvania, just two days after the incident.
The strength of consumer spending undermines the case for a Fed rate cut before election day.
Teamsters President Sean M. O’Brien delivered a historic address to the Republican National Convention (RNC) on Monday evening after being invited by former President Donald Trump.
Turning Point USA founder Charlie Kirk spoke at the RNC about how young people in the U.S. have watched the failed vision of the Democrats.
Republicans focused their attention on inflation and President Joe Biden’s economy on Monday night at the Republican National Convention.
President Joe Biden is ready to propose a 5% cap on annual rent increases for tenants of major landlords.
There was a brief explosion of interest on Monday morning in the idea that the Federal Reserve might cut interest rates at its July meeting. Fed Chairman Jerome Powell effectively shot down the idea on Monday afternoon.
Shares of former President Donald Trump’s Truth Social social media platform rose significantly after the assassination attempt against him.
The Dow hit a record high on Monday morning while the other major indexes rose close to previous highs.
OpenAI faces allegations of violating federal whistleblower protection laws, potentially hindering employees from reporting concerns about AI risks to regulators.
Tesla has reportedly postponed its highly anticipated robotaxi unveiling from August 8 to October, citing the need for additional prototype development and design refinements.
In a rare display of unity, prominent tech CEOs and billionaires from across the political spectrum have spoken out following the assassination attempt on Donald Trump at his Saturday rally.
On Friday’s broadcast of NPR’s “Morning Edition,” Chicago Federal Reserve Bank President Austan Goolsbee stated that while the May and June inflation reports were “excellent” ones, the frustration that he often hears that “I go to the grocery store. It
Canadian leader Justin Trudeau admits young Canadians will be denied housing wealth amid his policy of mass migration.
Telecommunications giant AT&T says cybercriminals have stolen phone records belonging to “nearly all” of its customers. The compromised data includes millions of phone numbers, calling and text records, and information revealing its customers’ locations.
Elon Musk’s SpaceX has come under scrutiny for its expanding operations in Boca Chica, Texas, as the company’s initial promises of maintaining a “small, eco-friendly” footprint clash with the reality on the ground.
Mark Zuckerberg’s Meta has announced it will remove restrictions on former President Donald Trump’s Facebook and Instagram accounts ahead of the 2024 presidential election.
An inflation election highly favors Republicans.
Apple has once again sounded the alarm for iPhone users worldwide, issuing threat notifications about possible mercenary spyware attacks targeting individuals across 98 countries.
Elon Musk, the tech billionaire behind Neuralink, has made bold claims about the future of brain-computer interfaces, suggesting that his company’s technology will one day grant users “cybernetic superpowers.”
Inflation is still a big weight on consumer views about economy.
JPMorgan Chase and Citigroup reported increased second-quarter profits Friday despite somewhat higher costs to account for bad loans in light of greater stress on lower-income customers. Citigroup Chief Financial Officer Mark Mason pointed to a “bit of a pullback” from
A recent study conducted by the FTC and international consumer protection networks has uncovered alarming statistics on the prevalence of “dark patterns” in subscription-based websites and apps. Dark Patterns are a collection of manipulative design techniques created by Silicon Valley to make it difficult to separate yourself from subscription services.
Bidenflation is not done with America yet.
A Fed rate cut on the eve of the election would inevitably be seen as a partisan political gift to incumbent Joe Biden and would invite backlash from Republicans.
A former OpenAI safety employee has raised concerns about the company’s approach to artificial general intelligence (AGI), likening it to the ill-fated Titanic’s prioritization of speed over safety.
The Biden Energy Department on Thursday announced that they are doling out nearly $2 billion to save at-risk or shuttered plants if they convert to electric vehicles across swing states such as Michigan or Pennsylvania.
Intuit, the financial software giant behind QuickBooks and TurboTax, has revealed plans to lay off approximately 1,800 employees worldwide, representing 10 percent of its workforce, as part of a strategic shift towards AI and other priority areas.
X (formerly Twitter) and its owner Elon Musk have successfully petitioned a California court to dismiss a $500 million unpaid severance lawsuit, marking a temporary victory in the embattled company’s ongoing legal challenges.
California has approved a plan to create a “massive” system of floating offshore wind turbines, some as high as 70-story buildings, far off the coast and in deep waters, requiring major upgrades to ports along the state’s coastline.
After the June decline, prices are up 18.8 percent since Biden took office. During the same three-and-a-half-year period of Donald Trump’s presidency, prices rose just 5.3 percent. Prior to the pandemic period, prices rose 6.2 percent under Donald Trump.
California fast food franchise owners are being forced to cut their employees’ hours due to Gov. Gavin Newsom’s $20 minimum wage law.
