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News
Fed Chair Kevin Warsh under pressure to hike rates as inflation fails to cool: ‘Time to put up or shut up’
2+ day, 19+ hour ago (611+ words) Back-to-back hotter-than-expected inflation readings may disappoint the majority of US central bankers who had been counting on price pressures easing on their own, setting the table for an interest-rate hike at the Federal Reserve’s meeting next week and potentially more…...
Inflation rises 3.4% in August as interest-rate hike odds soar
2+ day, 16+ hour ago (798+ words) A key inflation gauge in August came in slightly hotter than expected – sending the odds the Federal Reserve will hike interest rates next week toward near certainty. The core figure in the Consumer Price Index – which excludes volatile food and…...
Wholesale inflation rises by most in 3 months ahead of Fed interest-rate decision
4+ day, 24+ min ago (184+ words) Wholesale inflation in August saw its strongest increase in three months, largely driven by higher energy costs – as the Federal Reserve weighs whether to raise interest rates next week to stem rising prices. The Producer Price Index jumped 5.4% in August…...
How much money it takes to be upper-middle class in California revealed in new study
5+ day, 18+ hour ago (356+ words) The cost of calling yourself affluent in California appears to be creeping ever higher. Newly-shared analysis reveals just how much cash you need in the Golden State to call yourself upper-middle class — and $156,000 per household is considered to be the…...
Canada tariff shock: These everyday items could now cost you 50% more
5+ day, 22+ hour ago (508+ words) Get ready to pay more for Canadian imports — and not just maple syrup and hockey sticks. As the trade war between Canada and the US escalates, items like steel, aluminum, wool and lumber will spike in price this week thanks…...
Oil nears $100 a barrel as Middle East tensions fuel inflation fears
5+ day, 22+ hour ago (495+ words) Oil prices neared $100 a barrel on Tuesday as tensions reheated in the Middle East, fueling fears that higher inflation data could sway the Federal Reserve to raise interest rates next week. Brent crude oil futures jumped 1.1% to $98.27 a barrel while…...
Trumponomics triumphs in US jobs report — just in time for the midterms
6+ day, 4+ hour ago (806+ words) American manufacturing is on the rebound — and that good news could hardly come at a better time for President Donald Trump, as Republicans gird themselves for the midterm elections just two months from now. Manufacturing isn’t the only sector that’s…...
Trump’s new Canada tariffs could flush savings, send toilet paper prices higher — here’s how much
2+ week, 2+ day ago (685+ words) When nature calls, cleaning up is poised to get more expensive due to President Trump’s new 50% tariffs on a range of Canadian goods. The levies, which took effect last weekend after trade talks collapsed, could hike toilet-paper makers’ fiber costs…...
Fed’s Kevin Warsh says there may still be ‘work to do’ on inflation at Jackson Hole retreat
2+ week, 2+ day ago (455+ words) Federal Reserve Chair Kevin Warsh said Friday there may be “work to do” on inflation, though he again danced around his outlook on interest rates during a closely-watched speech at the central bank’s annual Jackson Hole, Wyo., retreat. Warsh said…...
Bill Gates sounds alarm on AI-fueled mass unemployment, bioterrorism: ‘Most dangerous tool ever invented’
2+ week, 4+ day ago (837+ words) Bill Gates is warning that artificial intelligence could unleash mass unemployment, enable bioterrorism and even slip beyond human control — while accusing the tech industry of downplaying the dangers because too much money is at stake. The 70-year-old tech titan sounded…...