The California Energy Commission approved a $1.4 billion plan to create more chargers for electric vehicles (EVs). The policy would result in an estimated 17,000 new chargers.
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.
Contrasting views on U.S. immigration policy came into sharp focus on Tuesday during separate congressional hearings addressing the incoming Trump administration’s stance on deportations and border security.
During a Senate Judiciary Committee hearing on Tuesday, Republican Sen. Josh Hawley of Missouri confronted American Immigration Council senior fellow Aaron Reichlin-Melnick over the economic impact of illegal immigration on the American workforce.
As President-elect Donald Trump signals renewed efforts to enforce mass deportations, recipients of the Deferred Action for Childhood Arrivals (DACA) program remain uncertain about their future.
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.
The U.S. economy added 227,000 jobs in November, surpassing economists’ forecast of 215,000, the Department of Labor reported Friday. The unemployment rate edged up slightly to 4.2%, as more individuals entered the workforce.
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.
