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WebFed governor warns of possible interest-rate hikes if inflation comes in hot this week
2+ hour, 45+ min ago (746+ words) Fed Governor Christopher J. Waller on Monday warned the central bank may be forced to hike interest rates soon if new inflation data this week comes in hotter than expected. As the war in Iran has pushed inflation to a three-year…...
Misery for California shoppers as grocery bills set to spike due to new law
1+ day, 5+ hour ago (379+ words) Misery on the menu? California shoppers could soon be paying even more at the checkout line as a sweeping new state recycling measure threatens to send grocery prices soaring, with dairy manufacturers warning some businesses may be forced to shut…...
Fed Chair Kevin Warsh names Marc Andreessen, ex-Walmart CEO and others to lead task forces
3+ day, 23+ hour ago (519+ words) Venture capitalist Marc Andreessen, economist Raj Chetty and former Bank of England governor Mervyn King are among a slate of names released by the Federal Reserve Thursday that will help develop recommended changes to the central bank’s operations. They are…...
Family that founded egg empire pocketed $320M during alleged price-fixing scheme: report
5+ day, 1+ hour ago (592+ words) The family that founded the largest egg producer in the US pocketed about $320 million from selling part of its controlling stake in Cal-Maine Foods just weeks after federal investigators began probing an alleged scheme to manipulate egg prices that sent…...
Fed Chair Kevin Warsh facing deep divisions over future path of inflation, meeting minutes show
5+ day, 4+ hour ago (233+ words) A Federal Reserve rate-setting committee agreed to keep its key rate unchanged at its meeting last month, though most officials were split over whether inflation is likely to stay elevated or whether it will cool once the Iran war winds…...
Russia’s top banker begs for Putin end to Ukraine war, issues stark warning: ‘ ‘Economy simply cannot survive
1+ week, 5+ day ago (500+ words) Russia’s top banker has called on Vladimir Putin to end the war in Ukraine, warning that the four-year-old conflict is dragging the country into economic collapse. German Gref, head of the state-controlled Sberbank, said ordinary Russians are increasingly feeling the…...
McDonald’s customers furious to discover new hidden upcharge on classic menu item: ‘That’s really shady’
1+ week, 5+ day ago (754+ words) Mickey D’s diners were unhappy with this meal. McDonald’s has issued a temporary upcharge that has led to major upset among loyal customers. The beef began when a disgruntled customer took to Reddit to share that when they ordered a…...
Abandoned at birth, telecom founder recounts how saving his father paved the way for his American Dream
1+ week, 5+ day ago (273+ words) I was born in Quincy, Florida. I was abandoned at birth. The woman that birthed me, she threw me away. And so I was adopted by a 68-year-old man and a 54-year-old woman that took me and raised me as…...
Big egg producers artificially inflated prices as Americans struggled to buy groceries, must now pay $3.3M: DOJ
1+ week, 5+ day ago (626+ words) Three of the US’s major egg producers had been artificially inflating prices of the shelled food — spiking Americans’ grocery bills for months — and will now be forced to pay $3.3 million for their dirty business dealings after reaching a proposed settlement…...
America’s economic engine is outperforming this century’s expectations — whether the Dems like it or not
2+ week, 2+ day ago (743+ words) America became home to the world’s first trillionaire last month when Elon Musk’s SpaceX went public. Musk earned his success, although he shares some measure of it with his adopted home. There’s a reason why he was able to establish…...