US Politics & Business News
Rising grocery and gasoline prices driven by permanent supply shocks are placing new pressure on American consumers and the lawmakers responsible for protecting their wallets. Economists and policy analysts have drawn a distinction between two specific types of inflation that fall outside the Federal Reserve’s traditional toolkit and direct influence. The Federal Reserve relies primarily…
Rising consumer prices are forcing lower- and middle-income Americans to cut back on spending, according to the Federal Reserve’s beige book. The beige book, a key economic report compiled by the Fed, highlights growing financial strain among households that are not in the top income brackets. The report draws attention to a widening divide in…
Millions of Americans enrolled in Medicaid could face coverage disruptions under new work requirements being debated in Congress, health advocates are warning. People living with cancer or HIV are among those most at risk of losing their Medicaid coverage if the new work rules take effect, according to advocates. The proposed requirements would mandate that…
President Donald Trump has confirmed that he called Israeli Prime Minister Benjamin Netanyahu “crazy,” while insisting the two leaders continue to get along well. Trump acknowledged the remarks publicly, not denying the characterization that had reportedly caused a stir between the two longtime political allies. Despite the candid admission, Trump was quick to emphasize that…
By Prineha Narang My career has been built at the edge of what is physically possible, predicting exotic quantum states, developing sensors that exploit the laws of nature, and teaching machines to reason about the physical world. For a long time, that work lived in journals and laboratories, but those technologies are now being rapidly…
Private hiring grew faster than expected in May, signaling continued stability in the U.S. labor market, according to a report released Wednesday by ADP. The payrolls processing firm said companies added 122,000 workers for the month, up from 105,000 in April and better than the Dow Jones consensus estimate for 110,000. May marked the strongest…
Former Fox News host Steve Hilton and reality television veteran Spencer Pratt delivered surprisingly strong performances in California’s jungle primary Tuesday night. Both men entered their respective races with thinner war chests than their establishment rivals and no prior experience in elected office. Their campaigns were built less on policy infrastructure than on raw charisma,…
Shares of TransUnion (NYSE: TRU) have received an average recommendation of “Moderate Buy” from the fourteen research firms currently covering the company, according to Marketbeat.com. A total of six equities research analysts have assigned the stock a hold rating, reflecting a cautious but not negative outlook on the company’s near-term performance. Seven analysts have issued…
The Office of the U.S. Trade Representative has proposed additional tariffs of up to 12.5% on imports from 60 economies linked to forced labor trade practices. The sweeping action targets trading partners that have failed to ban goods made with forced labor, including China, the European Union, and Japan. The determination was made under Section…
U.S. Central Command announced Tuesday that it had defeated multiple Iranian ballistic missiles and drones and launched defensive strikes against what it described as “attempted attacks” by Iran. The latest exchange of fire has further threatened a fragile ceasefire between the two nations, deepening a conflict now three months old with no resolution in sight….