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Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected
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MarketWatch - Business
Fed minutes show no consensus on how many months of good inflation data needed to start cutting interest rates
Several officials said that interest-rate hikes might be needed if inflation stays at its elevated level or increases further.Federal Reserve -
NBC News - Top stories
Fed says inflation is moving in the right direction
Federal Reserve officials indicated that inflation is moving in the right direction but not quickly enough for them to lower interest rates.Federal Reserve -
Financial Times - World
Fed officials wanted ‘greater confidence’ that US inflation was cooling
Minutes of June meeting showed some officials were concerned about effect of high rates on job marketFederal Reserve -
CNBC - Business
Fed says it's not ready to cut rates until 'greater confidence' inflation is moving to 2% goal
The Federal Reserve on Wednesday released minutes from its June 11-12 meeting.Federal Reserve -
Yahoo News - World
Brazil's industrial output falls less than expected in May
Brazil -
MarketWatch - Business
Businesses show biggest contraction since pandemic, ISM finds. The economy may be weakening.
Service-oriented companies such as hotels, banks and retailers that dominate the economy contracted in June for the second time in three months in another sign growth in the U.S. is slowing. -
CNBC - Business
Social Security cost-of-living adjustment may be lower in 2025. These charts help show why
Even though inflation has subsided, many retirees are still feeling the pinch of high prices. Data shows the Social Security COLA may be lower in 2025. -
MarketWatch - Business
My spouse and I are 60 and receive $145,000 a year in pensions. Do we need to worry about inflation killing our retirement plans?
“Our annual expenses are $105,000 and that includes travel, entertainment and maintenance.” -
CBS Sports - Sports
Shohei Ohtani not expected to participate in 2024 Home Run Derby while continuing rehab from elbow surgery
Ohtani has only competed in the Derby once in his MLB career, in 2021 -
CNBC - Business
AI drive-thru ordering is on the rise — but it may take years to iron out its flaws
Artificial intelligence is closer than ever to taking down drive-thru orders, but fast-food restaurants like McDonald's show that the tech still needs time.
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CNBC - Business
Fed says it's not ready to cut rates until 'greater confidence' inflation is moving to 2% goal
The Federal Reserve on Wednesday released minutes from its June 11-12 meeting.Federal Reserve -
CNBC - Business
Vice President Kamala Harris' past donors privately strategize in case Biden drops out
Vice President Kamala Harris' allies discuss scenarios in the event that President Joe Biden decides not to keep his reelection campaign going.Joe Biden -
CNBC - Business
Southwest Airlines adopts 'poison pill' to fend off activist Elliott Management
Southwest adopted a shareholder rights plan to fend off an effort from activist Elliott Management to oust CEO Bob Jordan and Chairman Gary Kelly. -
CNBC - Business
Biden tries to calm Democrats as 2024 drop-out pressure mounts: 'I'm not leaving'
President Biden delivered a stumbling debate performance against Donald Trump last week, which his campaign has worked to spin in the ensuing days.Joe Biden -
CNBC - Business
Biden tells ally he's weighing whether to stay in the race: Reports
The reported conversation with the ally came amid the fallout from Biden's devastating presidential debate with Trump.Joe Biden