The latest economic data released by the Federal Reserve has raised concerns as it showed that inflation during May had slowed down to its lowest annual rate in over three years. The core personal consumption expenditures price index only increased by a meager 0.1% for the month, with a year-over-year increase of 2.6%, down by
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The upcoming release of the personal consumption expenditures (PCE) price index by the Commerce Department is anticipated to bring positive news regarding inflation. It is projected that the inflation measure will show little to no monthly increase for May, which would be the first time since November 2023. Of particular importance is the core PCE
Rep. Lauren Boebert, R-Colo., recently secured victory in the GOP primary, positioning herself as a frontrunner in the upcoming general election. Boebert’s decision to shift to a different district paid off as she defeated five other Republicans, paving the way for a potential win in Colorado’s 4th District. This strategic move came after narrowly clinching
General Motors’ Cruise autonomous vehicle unit recently announced a change in leadership, with former Amazon and Microsoft executive Marc Whitten taking on the role of CEO. This comes at a pivotal moment for Cruise as they navigate the aftermath of an accident involving one of their autonomous vehicles. Whitten’s extensive experience in technology and business
The ongoing problems with the new Free Application for Federal Student Aid have had serious repercussions on the rate of completion by high school seniors. As of June 14, only 45% of the high school class of 2024 has managed to complete the FAFSA, marking a significant decline compared to the rates for the class
The recent conviction of David DePape for attacking Rep. Nancy Pelosi’s husband with a hammer has sent shockwaves through the community. The jury found DePape guilty of first-degree burglary, false imprisonment, threatening a family member of a public official, and aggravated kidnapping. This horrific incident took place during a break-in at the Pelosi’s San Francisco
In the current political landscape, we are witnessing the unprecedented rise of megadonors who are pouring massive amounts of cash into the coffers of politicians and outside groups. Recent filings have shed light on the extent to which these wealthy individuals are shaping the most expensive election in history. One such example is businessman Timothy
The deadline for student loan borrowers to take advantage of a policy that could potentially lead to quicker debt forgiveness is fast approaching at the end of June. By consolidating multiple federal student loans into a single new loan before June 30, borrowers could have their debt cleared immediately. This could be a significant benefit
As the second half of the year approaches, Wall Street analysts have identified certain stocks that are expected to outperform in the coming months. The S&P 500 has seen significant gains in 2024, with a particular focus on AI-related stocks like Nvidia. Investment firms such as Goldman Sachs, Evercore ISI, and Citi have all raised
Recent developments have showcased the progress made by the Amazon Labor Union as they become the first group of company workers to unionize at a U.S. warehouse. In a significant move, roughly 98% of ALU members voted to affiliate with the International Brotherhood of Teamsters, marking a crucial step towards collective bargaining and securing better