The Department of Justice (DOJ) has initiated an antitrust investigation into the sharp increase in egg prices, examining whether major producers have conspired to inflate prices or restrict supply.
The Utah Legislature is advancing House Bill 306 (HB306), which would create a gold and silver-backed electronic payment system for state transactions.
The U.S. economy closed out 2024 with steady growth, propelled by resilient consumer spending that more than offset challenges in business investment and global trade. Despite high interest rates and ongoing inflation pressures, economic momentum remained intact, setting the stage for an uncertain but potentially strong 2025.
The U.S. housing market experienced a notable shift at the end of 2024, with new-home sales rising despite persistently high mortgage rates and affordability concerns. The most significant development, however, was the decline in median new-home prices, marking a potential turning point after years of soaring costs under the Biden administration.
A Georgia bill that ties property assessments to the rate of inflation is facing pushback from local government entities opting out of the measure. Approved by 63% of voters in November 2024, the bill aims to cap property tax increases, but some officials argue the restrictions could hinder their ability to fund essential services.
The S&P 500 climbed to a record high on Wednesday, fueled by enthusiasm over Netflix's quarterly results and the technology sector's strong performance.
China's National Bureau of Statistics announced that its population declined for the third consecutive year in 2024, despite a modest increase in births for the first time in seven years.
Scott Bessent, nominee for Treasury Secretary under the incoming Trump administration, is set to outline a bold economic agenda during his Senate confirmation hearing Thursday. According to prepared remarks, Bessent will emphasize the need to permanently extend the 2017 Tax Cuts and Jobs Act while advancing new policies to reduce the tax burden on manufacturers, service workers, and seniors.
President Joe Biden released a farewell letter to the nation on Wednesday ahead of his Oval Office address. The letter reflected on his tenure, showcasing what he claims are key accomplishments and personal triumphs during his presidency.
