Inflation rose in November at the fastest pace in four months, marking the second straight month of acceleration. The Department of Labor reported Wednesday that the consumer price index (CPI) increased by 2.7% over the past year, matching economists' forecasts. Core inflation, which excludes food and energy prices, climbed 3.3% year-over-year.
Joe Biden delivered remarks on his administration’s economic record Tuesday at the Brookings Institution, making the questionable assertion that President-elect Donald Trump will inherit a “strong economy.” Biden expressed hope that the incoming administration would “preserve and build” on his policies.
Despite a challenging year for Argentina and President Javier Milei, the payoff from his tough economic reforms is becoming evident. His popularity is rising domestically and earning recognition among conservatives globally.
Small business owners’ optimism has soared to its highest level since June 2021 after President Donald Trump’s White House victory and Republican control of Congress, according to the latest survey from the National Federation of Independent Businesses (NFIB).
Bitcoin reached a record price of $100,000 on Wednesday, marking an extraordinary milestone for the once-niche digital currency. The achievement underscores Bitcoin’s evolution from an experimental asset dismissed by Wall Street into a central player in global finance.
All three major U.S. stock indexes closed at record highs on Wednesday, fueled by a strong rally in technology shares and encouraging comments from Federal Reserve Chair Jerome Powell. Salesforce’s positive earnings report and upbeat market sentiment contributed to the surge, while Powell’s remarks on the economy provided an additional boost.
The Biden administration has halted new coal mining in Wyoming’s Powder River Basin, a region that produces approximately 40% of the nation’s coal. The decision, made through an amendment to the Bureau of Land Management’s (BLM) Resource Management Plan, prohibits new federal coal leases until 2041, citing the need to reduce greenhouse gas emissions as part of the administration’s climate change agenda.
President-elect Donald Trump’s plan to impose a 25% tariff on Mexico unless it curtails drug trafficking and illegal migration risks igniting economic and diplomatic...
The stock market is recording its strongest month this year following President-elect Donald Trump’s victory in the 2024 election, reflecting investor optimism about the economic outlook under the incoming administration.
