The recent report from the Federal Reserve 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 seasonally adjusted 0.1% for the month, marking a 2.6% increase from a year ago. This number was down by 0.2
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The upcoming release of the personal consumption expenditures price index by the Commerce Department is anticipated to bring positive news on the inflation front. Market analysts expect the index to indicate minimal to no monthly escalation for May, marking the first instance of such a trend since November 2023. Particularly noteworthy is the core PCE
In a surprising turn of events, Rep. Lauren Boebert, a Republican from Colorado, won her GOP primary after deciding to run in a different district than the one where she narrowly won re-election in 2022. Boebert defeated five other Republicans for the party’s nomination in Colorado’s 4th District, which became available after Rep. Ken Buck
General Motors’ Cruise autonomous vehicle unit has recently made a significant leadership change by appointing Marc Whitten, a former executive from Amazon and Microsoft, as its new CEO. This decision comes as Cruise is facing challenges in testing and relaunching its autonomous vehicles on public roadways. The company has been under scrutiny after an accident
The current problems with the Free Application for Federal Student Aid (FAFSA) have been causing significant issues for high school seniors and their families. Not only have these challenges led to delays in the distribution of financial aid award letters, but they have also deterred many students from even applying for aid in the first
In a shocking turn of events, David DePape was found guilty by a jury for his heinous attack on Rep. Nancy Pelosi’s husband, Paul Pelosi. This attack took place during a break-in at the couple’s San Francisco home in 2022. DePape had already been convicted on federal charges related to the incident and was sentenced
As the election season heats up, megadonors from both sides of the political spectrum are opening their wallets and pouring in massive amounts of money to politicians and outside groups. According to recent filings, this upcoming election is projected to be the most expensive one in history. One such businessman, Timothy Mellon, who has previously
Student loan borrowers are facing a crucial deadline at the end of June, which could have a significant impact on their debt forgiveness. The Biden administration has implemented a temporary policy that allows borrowers to consolidate their multiple federal student loans into a single new loan, potentially leading to quicker debt relief. This move, known
Warren Buffet’s Berkshire Hathaway is projected to rise by 20.8% over the next 12 months, making it one of the top picks by analysts for the second half of 2024. The Class B stock is already up around 13% year to date, showing its potential for further growth. Three out of the four analysts covering
The recent decision made by members of the Amazon Labor Union (ALU) to affiliate with the International Brotherhood of Teamsters marks a significant moment in the history of labor movements in the United States. With an overwhelming majority of ALU members voting in favor of joining the Teamsters, this move is poised to exert pressure