Philadelphia Federal Reserve President Patrick Harker recently expressed a strong endorsement for an interest rate cut in September. Speaking at the Fed’s annual retreat in Jackson Hole, Wyoming, Harker made it clear that monetary policy easing is highly likely at the next meeting of officials. This comes after minutes from the last Fed policy meeting
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Vice President Kamala Harris has managed to secure an impressive amount of financial support for her White House bid following President Joe Biden’s endorsement. Reports suggest that her campaign, along with affiliated fundraising entities, has raised nearly $500 million since Biden exited the race. This substantial sum is expected to reach close to $600 million
Waymo, the Alphabet-owned driverless vehicle venture, has been making significant strides in the robotaxi industry. According to a recent LinkedIn announcement by co-CEO Tekedra Mawakana, Waymo is now providing over 100,000 paid robotaxi rides per week in the U.S. This number marks a significant increase from the 50,000 weekly paid trips reported just a few
Vice President Kamala Harris has recently proposed raising the corporate tax rate to 28% in order to generate revenue for her ambitious plans as president. This move is seen as a way to ensure that billionaires and big corporations contribute their fair share while also benefiting working people. The increase in the corporate tax rate
President Joe Biden’s upcoming appearance at the Democratic National Convention has taken on a new shape following his decision not to seek a second term. Despite this shift, Biden’s core message remains steadfast. He will endorse Vice President Kamala Harris in his keynote address and emphasize their accomplishments over the last four years. Additionally, Biden
United Auto Workers President Shawn Fain made scathing remarks about Stellantis CEO Carlos Tavares in a video, painting a grim picture of the company’s current state. Fain accused Tavares of engaging in price gouging practices, neglecting contractual obligations, and overseeing declining sales and profits. These accusations shed light on a contentious relationship between the union
The recent resignation of Nemat “Minouche” Shafik, the president of Columbia University, has sparked a wave of controversy and discussions on the Manhattan campus. Shafik stepped down after facing months of criticism over protests related to the war in Gaza. Her decision to resign came after being targeted by anti-war protesters and House Republicans in
The latest report by the Labor Department revealed that inflation rose as expected in July, mainly due to higher housing-related costs. The consumer price index showed a 0.2% increase for the month, resulting in a 12-month inflation rate of 2.9%. The core CPI, excluding food and energy, also saw a 0.2% monthly increase and a
The rollout of the Free Application for Federal Student Aid (FAFSA) for the 2025-26 academic year has been marred by significant issues from the start. According to reports, many college students are still unaware of the status of their aid awards for the upcoming fall semester. The poor planning by the Department of Education has
In a recent report from the New York Federal Reserve, it was revealed that consumers are becoming more confident in the outlook for inflation in the coming years. The three-year inflation outlook, in particular, reached a new low, indicating that consumers believe inflation will remain elevated in the short term but decrease in the medium