In September, inflation inched up, drawing closer to the Federal Reserve’s target. The personal consumption expenditures price index saw a 0. 2% increase, with an annual rate of 2. 1%, right in line with predictions. The Fed heavily relies on PCE readings, though they also consider other indicators.
In a significant move by federal authorities, 11 people allegedly linked to the Lows gang in Minneapolis have been indicted on serious charges, including murder and drug trafficking. The indictments are part of a broader federal operation aimed at dismantling violent street gangs, which has led to o
You know how often people worry about economic slowdowns? Well, the U. S. economy showed it wasn't bothered by such fears in the third quarter of 2024. It grew at a steady pace of 2. 8%, which is a bit less than expected but still solid. Consumers were the heroes, spending more than they were suppos
As the United States gears up for Election Day, American consumers are showing a significant boost in confidence, according to a recent report by a business research group. The Consumer Confidence Index, which measures both current economic conditions and future expectations, jumped to 108. 7 in Oct
In the United States, invasive species are causing big problems. U. S. Rep. Ed Case and U. S. Rep. James Moylan are doing something about it. They've introduced a new law called the Invasive Species Response Act. This law aims to help the government fight invasive species better. Hawaii is facing a
Lil Durk, a 32-year-old rapper from Chicago, was arrested in Florida on Thursday. The U. S. Marshals booked him on a murder for hire charge. He's being held without bail in Broward County jail. This arrest comes after five people linked to his hip hop collective, "Only the Family, " were arrested in
Evolv Technology, the firm behind New York City's subway weapons scanners, revealed some staff got into trouble while making deals. The company says this happened between mid-2022 and mid-2023, affecting sales to one of their biggest partners. These employees didn't tell Evolv's finance folks about
Imagine this: a high-ranking university official, who's supposed to promote well-being, is accused of not paying over a million dollars in taxes. This isn't a movie plot, but a real situation involving Mari Ross-Alexander, the former Associate Vice President for Student Health and Well-Being at the
Remember Alan Greenspan? He steered the Federal Reserve during the 1995 rate cut, which led to a unique bond selloff. Recently, a similar event occurred when the Fed started cutting interest rates again. This time, two-year U. S. government bond yields rose by 34 basis points after the September rat
Neel Kashkari, the Minneapolis Fed President, isn't convinced that Bitcoin is ready to replace traditional currency. He hasn't seen anyone use it to buy everyday items, and he thinks it's more like a gamble than a safe investment against inflation. However, a recent study shows that Bitcoin's value
