Inflation drops to 3% and Biden hopes to turn a weakness with voters into a strength
The politics of inflation took a sharp turn with a new report showing consumer prices rose at the slowest pace since the early months of Joe Biden’s presidency
2023-07-13 04:30
Inflation just fell when rate hikes were paused. So why should the Fed keep hiking?
Inflation cooled for the 12th consecutive month in June, moving to 3% from 4% in May, according to the latest Consumer Price Index data from the Labor Department.
2023-07-13 03:52
Musk launches xAI to rival OpenAI, Google
Elon Musk on Wednesday launched his own artificial intelligence company, xAI, as he seeks to compete with OpenAI, the creator of ChatGPT -- a program he accuses of...
2023-07-13 03:47
Biden wants voters to notice inflation drop. Republicans say people are put off by everyday prices
The politics of inflation took a sharp turn with a new report showing consumer prices rose at the slowest pace since the early months of Joe Biden’s presidency
2023-07-13 03:46
IMF approves much-awaited $3 billion bailout for Pakistan, saving it from defaulting on debt
The International Monetary Fund says it has approved a much-awaited $3 billion bailout for Pakistan, a move that’s likely to save the impoverished Islamic nation from defaulting on its debt repayments
2023-07-13 03:26
Police say there's no sign of crime by BBC presenter who allegedly paid teen for sexual photos
London police say there's no evidence that a BBC presenter who allegedly paid a teenager for sexually explicit photos committed a crime
2023-07-13 03:22
Fed's Jefferson, fellow Fed nominees advance toward confirmation
By Moira Warburton and Ann Saphir WASHINGTON (Reuters) -U.S. President Joe Biden's three Federal Reserve Board nominees, including his pick
2023-07-13 02:54
Fed’s Beige Book Shows Uptick in Economy But Warns of Slowing
The US economy showed an overall increase in activity since late May, though most regions expect the pace
2023-07-13 02:28
With an Eye on 2024, Biden Touts Successful NATO Summit
President Joe Biden said the fate of democracy would be determined by decisions made by the US and
2023-07-13 02:16
Kia to invest $200M in Georgia plant to begin building electric SUV there, hiring 200
Kia Corp. will invest $200 million in its Georgia factory to begin producing an electric-powered SUV
2023-07-13 01:57
US officials: Chinese hackers breached unclassified govt email by foiling Microsoft security
U.S. officials say state-backed Chinese hackers foiled Microsoft’s cloud-based security to break into unclassified U.S. government email systems at an unspecified number of agencies including the State Department
2023-07-13 01:55
US charges second Frank college aid executive with defrauding JPMorgan
By Luc Cohen NEW YORK U.S. prosecutors on Wednesday unveiled an indictment charging Olivier Amar, who helped run
2023-07-13 01:51