Latest in Inflation Ticks Up, but Details Are Encouraging for the Fed
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Inflation threatens Fed rate-cut expectations once again. Here’s why.
With investors looking toward Friday’s November nonfarm-payrolls report, market participants see the potential that it could be overshadowed by an entirely different set of data: next Wednesday’s ...MarketWatch - Dec. 4 -
Powell ‘not concerned’ over risks Trump will stifle Fed independence
US central bank chief says his institution has ‘broad support’ on Capitol HillFinancial Times - Dec. 4 -
Fed Chair Jerome Powell Says Inflation Is a ‘Little Higher’ Than Expected
Jerome H. Powell, the chair of the Federal Reserve, said it was too early for the central bank to start reacting to the tariffs that President-elect Trump had been promising.The New York Times - Dec. 4 -
Fed’s Beige Book says economy is stable. Companies more optimistic about 2025, but tariffs a worry.
The U.S. expanded steadily in November, but hiring was subdued and inflation was still a nagging problem in some parts of the economy, a new Federal Reserve survey found.MarketWatch - Dec. 4 -
Chipotle says it's raising prices 2% in response to inflation
Chipotle said it's raising its menu prices by 2%, a rare direct admission about the impact of ongoing price increases in the economy on its finances.NBC News - Dec. 4 -
U.S. Ryder Cup captain Keegan Bradley 'disappointed' in leaks detailing potential payment for Bethpage Black
Bradley will lead the red, white and blue at Bethpage Black this upcoming fallCBS Sports - Dec. 4 -
Watch live: Fed Chair Jerome Powell discusses central bank independence, crypto at Dealbook conference
The appearances comes two weeks ahead of when the central bank will announce is decision on interest rates.CNBC - Dec. 4 -
Chipotle Raises U.S. Prices by 2% to Offset Inflation Costs
The chain aims to balance higher costs for avocados, queso and sour cream while maintaining its appeal to inflation-weary consumers.The Wall Street Journal - Dec. 4 -
2024 Spotify Wrapped released: Details
Spotify Wrapped dropped its yearly recap on Wednesday, revealing the most listened to music of the last year.ABC News - Dec. 4 -
NYPD gives details of 'targeted' shooting that killed UnitedHealthcare CEO
New York police officials say a masked man shot UnitedHealthcare CEO Brian Thompson several times outside of a Manhattan hotel before fleeing into Central Park.NBC News - Dec. 4 -
Early details on shooting of UnitedHealthcare CEO, search for gunman
UnitedHealthcare CEO Brian Thompson was killed Wednesday morning when a gunman shot him in the chest outside a New York City hotel. Police sources say it appears to have been a targeted attack. CBS ...CBS News - Dec. 4 -
PM refuses to give further details of Haigh resignation
Conservative leader Kemi Badenoch asks the PM why he appointed a "convicted fraudster" to his team.BBC News - Dec. 4 -
Peloton Strength+ Weight Lifting App: Details, Download, Price
I’m sick of it all and I need to be able to deadlift a body. Thankfully, Peloton has a brand-new app geared toward weights and strength training.Wired - Dec. 4 -
The positive flipside of rampant inflation
The biggest debt reduction scheme in history?Financial Times - Dec. 4 -
New Orleans clergy abuse: details emerge after retired priest admits to kidnapping and child rape
Victim was going to testify about being forced to see a psychiatrist for lying or face expulsion from school after rape by Lawrence Hecker, now 93. The star witness in a clerical molestation case ...The Guardian - Dec. 4 -
Fed commentary, Foot Locker, ADP jobs data: What to Watch
Federal Reserve Chair Jerome Powell will be releasing a fresh round of commentary alongside St. Louis Fed President Alberto Musalem and Richmond Fed President Tom Barkin. The central bank is set to ...Yahoo Sports - Dec. 3 -
Top Fed Official Leans Toward Rate Cut This Month, If Data Supports It
In a recent speech, Christopher Waller, a member of the Fed Board of Governors, said a rate cut hinged on inflation continuing to drop.Inc. - Dec. 3 -
Job openings jumped and hiring slumped in October, key labor report for the Fed shows
Job openings totaled 7.74 million on the month, up 372,000 from September.CNBC - Dec. 3 -
Lawmakers in Georgia's separatist region of Abkhazia reject encouraging Russian investment
Lawmakers in Georgia’s breakaway province of Abkhazia on Tuesday rejected a bill offering privileges to Russian investors that sparked days of unrest and forced the regional leader to step downABC News - Dec. 3 -
Job openings jumped and hiring slumped in October, key labor report for the Fed shows
Available jobs rose in October while hiring fell during a month in which payrolls growth hit their lowest level in nearly four years, the Bureau of Labor Statistics reported Tuesday.NBC News - Dec. 3 -
Biden’s Christmas present for Trump: Sticky inflation
President Biden's big-spending ways have ensured that the nation's initial progress in inflation reduction is flattening out, keeping inflation rates higher than Federal Reserve Bank officials prefer.The Hill - Dec. 3 -
Details on allegations that led to Pete Hegseth being forced out of veterans charity
CBS News confirms President-elect Donald Trump's choice for defense secretary, Pete Hegseth, was forced to step down from a veterans nonprofit after being accused of alcohol abuse, sexual ...CBS News - Dec. 3 -
FBI searches an alleged Jan. 6 rioter's home as clock ticks on Capitol attack cases
The Justice Department recently searched an alleged Jan. 6 rioter's house as it works to wrap up Capitol attack cases before Donald Trump takes office.NBC News - Dec. 3 -
Fed Governor Waller says he is 'leaning toward' a December rate cut, but worries about inflation
Federal Reserve Governor Christopher Waller cited recent data indicating that progress on inflation may be "stalling."CNBC - Dec. 2 -
Saudi Arabia's network of spending and influence detailed before getting 2034 World Cup from FIFA
Saudi Arabia’s growing influence and massive spending in global sports have been detailed in research ahead of the kingdom being confirmed by FIFA next week as the 2034 World Cup hostABC News - Dec. 2 -
Fed’s Waller says he supports interest-rate cut at next meeting — for now
Federal Reserve Governor Christopher Waller said Monday that as of today, he supports an interest-rate cut at the central bank’s next meeting in a little over two weeks.MarketWatch - Dec. 2 -
Kids worked overnight shifts at pork processing plant, feds find
Feds find 11 kids illegally employed for at least 4 years at Seaboard Triumph Foods facility in Sioux Falls, Iowa.CBS News - Dec. 2 -
Fed Governor Waller says he is 'leaning toward' a December rate cut but worries about inflation
Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind.NBC News - Dec. 2 -
Top Fed official warns progress on taming US inflation ‘may be stalling’
Governor Christopher Waller says he still supports a December interest rate cut barring a surprise in the economic dataFinancial Times - Dec. 2 -
CoD: Black Ops 6 Zombies New Map Details And Major Gameplay Improvements Revealed
The new Citadelle des Morts Zombies map arrives in Call of Duty: Black Ops 6 with the midseason update on December 5. Thanks to the latest episode of Call of Duty's official podcast, we now have ...GameSpot - Dec. 2 -
Under Powell, the Fed Makes Monetary Policy Boring Again
The central bank no longer needs to play a prominent role in the U.S. economy, which is running more normally as the pandemic crisis recedes.Inc. - Dec. 2
