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2+ min ago (438+ words) Instacart shoppers may be paying very different prices for the exact same groceries " even when they live in the same neighborhood. A new Consumer Reports investigation found that the company has been running AI-assisted pricing experiments across several major grocery chains, and in some cases, the discrepancies were significant. Some shoppers saw prices that were as much as 23 percent higher for identical items. Instacart's AI-enabled pricing experiments may be inflating your grocery bill, Consumer Reports finds Instacart shoppers may be paying very different prices for the exact same groceries " even when they live in the same neighborhood. A new Consumer Reports investigation found that the company has been running AI-assisted pricing experiments across several major grocery chains, and in some cases, the discrepancies were significant. Some shoppers saw prices that were as much as 23 percent higher for identical items. Consumer…...

3+ min ago (543+ words) The U.S. Federal Reserve has reduced its benchmark federal funds rate by 25 basis points, bringing the range to 3.50%-3.75%. This marks the third consecutive quarterly rate cut, and the new rate level is the lowest seen since 2022. The move was widely expected by market analysts and reflects the Fed's ongoing response to economic uncertainty. This decision is significant as it comes amidst considerable internal disagreements among Fed members regarding the appropriate course for monetary policy. Despite these disagreements, the central bank proceeded with the cut, signaling a cautious stance on the future economic outlook. Despite the general expectation of a rate cut, not all members of the Federal Reserve supported the move. Two members dissented, calling for the central bank to hold interest rates steady. These members, Kansas City Fed's Jeffrey Schmid and Chicago Fed's Austan Goolsbee, voiced concerns about further easing,…...

5+ min ago (36+ words) The Greatest News Site On The Internet. Home of CFP Nation. Watch Live | Jerome Powell discusses plan to buy U.S. Treasuries (monetize the debt). Posted by Kane on December 10, 2025 2:53 pm...

13+ min ago (273+ words) EUR/USD manages to regain the smile on Wednesday, advancing marginally to the 1.1630 zone after four consecutive daily pullbacks, all amid the reneweed offered stance in the " US Dollar prior to the FOMC event. The Fed is largely anticipated to trim its interest rates by 25 bps. GBP/USD sets aside two daily declines in a row and trades with modest gains just above 1.3300 the figure on Wednesday. Cable's better tone comes on the back of some selling pressure hurting the Greenback prior to the FOMC event. Next on tap across the Channel will be the GDP figures on Friday. Gold trades slightly on the back foot on Wednesday amid a weaker US Dollar and the continuation of the upside momentum in US Treasury yields across the curve. The precious metal remains cautious ahead of the expected 25 bps rate cut by…...

17+ min ago (671+ words) The FOMC voted today to cut the Fed's five policy rates by 25 basis points, as widely expected, the third cut in 2025, after cutting by 100 basis points in 2024. There were 3 dissenters of the 12 voting FOMC members, the most dissenters since September 2019, under Powell. Two dissenters (Goolsbee and Schmid) wanted no cut. Miran wanted a 50-basis-point cut. Dissents are a breath of fresh air. Superficial public unanimity covering up disagreements within the Fed and the uncertainties they're dealing with is not particularly helpful in informing the public. The FOMC cut its five policy rates today: MBS continue to run off and that runoff will be replaced by T-bills, as per the Implementation Notes, which was first announced at the last meeting and has started on December 1. This is the newly added language in the statement about it (the old language about ending…...

19+ min ago (901+ words) During a Tuesday, December 9 rally in Mount Pocono, Pennsylvania, President Donald Trump aggressively defended his economic record. Trump insisted that inflation is way down under his watch and claimed that he is making the United States "affordable again."But the following day on MS NOW, Trump's economic record got a scathing critique from University of Michigan economics professor Justin Wolfers.The Australian economist, who is originally from Sydney but now lives in the U.S., laid out a variety of ways in which Trump is hurting the economy during a Wednesday morning, December 10 appearance on Ana Cabrera's show.Wolfers told Cabera, "Look, what I want, Ana, is for us to have honest conversations about the economy. Prices are rising; people feel that. Those are two realities. Another reality is that prices tend to rise in modern economies. It's called inflation. What we…...

21+ min ago (1526+ words) Around the 1920s, a certain class of parents'those with enough money to indulge their kids from time to time'started to panic. Toy companies and trinket manufacturers were buffeting kids with ads, and children were pestering their parents for gifts. Many parents wanted their kids to have these new luxuries, but they also wanted them to [] Around the 1920s, a certain class of parents'those with enough money to indulge their kids from time to time'started to panic. Toy companies and trinket manufacturers were buffeting kids with ads, and children were pestering their parents for gifts. Many parents wanted their kids to have these new luxuries, but they also wanted them to understand that money had limits. Parenting magazines suggested an intervention: small weekly payments, called allowances, that kids could squirrel away and use to buy toys or other treats on their own. The…...

22+ min ago (373+ words) Pound Sterling (GBP) is drifting from last week's highs toward 1.33 support, with domestic risk limited until Friday's data releases, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report. "MPC member Lombardelli has expressed concerns about upside risks to inflation and reiterated prior BoE comments on the inflationary impact of capacity constraints. The BoE's next meeting is on Thursday, December 18 and markets are pricing a 92% chance of a 25bpt cut." "However, media appear to be throwing cold water on the assumption that a cut will be delivered, and major banks also appear to be lifting their terminal rate, nudging up their forecast for the BoE's rate path." EUR/USD manages to regain the smile on Wednesday, advancing marginally to the 1.1630 zone after four consecutive daily pullbacks, all amid the reneweed offered stance in the " US Dollar prior to the FOMC event....

22+ min ago (618+ words) A divided Federal Reserve approved a 0.25% rate cut, but concerns over inflation and growth, as well as Glassnode data highlighting BTC's "fragile range," may keep it under $100,000. On Wednesday, the US Federal Reserve approved a 25-basis-point interest rate cut, marking the third this year and aligning with market expectations. Typical of its previous pre-FOMC price action, Bitcoin rallied above $94,000 on Monday, but the media's hawkish depiction of the rate cut reflects a Fed that is divided over the future of US monetary policy and the economy. Given the "hawkish" label associated with this week's rate cut, it's possible that Bitcoin price could sell on the news and remain range-bound until a new momentum driver emerges. CNBC reported that the Fed's 9-3 vote is a signal that members remain concerned about the resilience of inflation, and that the rate of economic growth…...

22+ min ago (43+ words) President Donald Trump told an energetic crowd packed with thousands of supporters on Dec. 9 that his administration's policies are lowering the cost of li... Trump Touts Lower Prices in First Stop of National Tour; Federal Reserve Expected to Lower Interest Rates...