News
Revolution: Fed Chair Kevin Warsh says US likely big winner in AI race
1+ hour, 22+ min ago (414+ words) (NEW YORK) " Federal Reserve Chair Kevin Warsh on Wednesday voiced optimism about artificial intelligence, describing the technology as a "paradigm shift" that would likely make the United States a "big winner in the medium-term." "We are in the first or…...
Hiring worse than expected in June amid elevated inflation
1+ hour, 22+ min ago (497+ words) (NEW YORK) " Hiring slowed markedly in June, falling short of economists" expectations and displaying a wobbly labor market amid elevated inflation set off by the Iran war. The U. S. added 57, 000 jobs in June, according to the federal government"s monthly jobs…...
4th of July Cookout Costs Climbing
6+ day, 16+ hour ago (165+ words) Families celebrating the Fourth of July holiday with a cookout will find prices at the grocery store closely reflect inflation increases over the last year. An Independence Day cookout will cost $73. 82 for 10 guests this year, according to the 2026 American Farm…...
Fed set to make interest rate decision as inflation hits 3-year hig
2+ week, 2+ day ago (700+ words) (WASHINGTON) " The Federal Reserve is set to announce its latest decision on interest rates on Wednesday as the central bank weathers the highest inflation in three years. The announcement will mark the first possible adjustment of the benchmark interest rate…...
Consumer sentiment improves but stays near all-time low, survey shows
2+ week, 5+ day ago (374+ words) (NEW YORK) " Consumer sentiment improved in June for the first time since the outbreak of the'Iran war'as gasoline prices eased in recent weeks, but shopper attitudes remained near their worst level on record,'University of Michigan'survey data on Friday showed....
Inflation hits highest level since 2023, as the Iran war pushes up prices
3+ week, 1+ day ago (458+ words) (NEW YORK) " Inflation jumped for a third consecutive month as the Iran war continued to drive up prices in May, surpassing 4% for the first time in three years. The reading matched economists" expectations. Prices rose 4. 2% in May compared to a…...
Central bank faces political "stress test" that threatens economy, ex-Fed Chair Powell says
1+ mon, 18+ hour ago (534+ words) (NEW YORK) " The Federal Reserve is weathering a political "stress test" that threatens to undermine public trust in the central bank and damage the United States'economy, former Fed Chair'Jerome Powell'said in recent remarks. "Like many other institutions, the Fed has…...
Artificial intelligence could potentially eliminate thousands of jobs in New York City, city official says
1+ mon, 1+ week ago (706+ words) (NEW YORK) " The top financial officer in New York City on Thursday warned that'artificial intelligence'could put thousands of workers in the nation's largest metropolis out of a'job'as soon as this year, while acknowledging that the ultimate impact of AI remains…...
What rising bond yields mean for mortgages and credit card rates " KORN News Radio
1+ mon, 1+ week ago (739+ words) (NEW YORK) " U. S. Treasury yields soared in recent days as the Iran war stoked inflation fears, threatening to drive up borrowing costs for everything from mortgages to credit cards to auto loans. The yields on 30-year bonds " the amount paid to…...
Takeaways from Fed Chair Jerome Powell's tenure as he steps down
1+ mon, 2+ week ago (1368+ words) (NEW YORK) " A global pandemic that put millions of Americans out of work within days. The highest inflation in four decades. An unprecedented federal criminal investigation. Fed Chair Jerome Powell faced a succession of crises over his 8-year tenure atop…...