In a surprise move, the Federal Reserve decided to cut interest rates by a larger margin than expected. But what drove this unprecedented decision? At first glance, the economy didn't seem to be flashing any warning signs. However, one crucial jobs report and a couple of inflation updates changed ev
In a shocking turn of events, New York City Mayor Eric Adams has been indicted on at least one federal criminal charge, marking a dramatic fall from grace for the city's top official. The indictment follows a monthslong federal investigation into Adams' connections to Turkish officials and businessm
The clock was ticking, and the threat of a government shutdown loomed large. But just in the nick of time, congressional leaders announced a deal on a short-term spending bill. This temporary fix will fund federal agencies for about three months, buying lawmakers some time to work out a full-year bu
In a world where politics often overshadows rational decision-making, the Federal Reserve's recent success in taming inflation without triggering a recession is a beacon of hope. This remarkable achievement is a testament to the Fed's commitment to meritocracy and its ability to course-correct in a
It was a surprise move that sent shockwaves through the New York City police department. Interim Commissioner Thomas Donlon revealed that federal authorities had executed search warrants at his homes, taking materials he had possessed over 20 years ago. The search was unrelated to his work with the
The Federal Reserve's surprise half-point rate cut has left many investors scratching their heads. But what made this move so unexpected? To understand the situation, let's take a step back. The Fed's Chair, Jerome Powell, is known for providing clear signals about the central bank's next interest r
In the United States, around 8 million individuals rely on insulin to manage their diabetes. However, the cost of insulin has skyrocketed over the past decade, leaving many patients unable to afford the life-saving medication. The Federal Trade Commission (FTC) has taken a bold step to address this
The American healthcare system has long been plagued by issues of affordability, but a recent Federal Trade Commission (FTC) lawsuit has brought attention to a particularly egregious example: pharmacy benefit managers (PBMs) allegedly inflating insulin prices at the expense of patients. The three la
The world of car headlamps has long been a restrictive one, with outdated federal regulations stunting innovation. For decades, US drivers have been stuck with inferior lighting options, lacking the advanced tech available in other parts of the world. However, there's a glimmer of hope on the horizo
In a shocking development, thousands of districts across the United States and abroad are facing a financial crisis that could have severe consequences. The crisis stems from a potential loss of federal funds, which could have a ripple effect on local economies. With millions of dollars on the line,
