Fed’s preferred inflation gauge in November was lower than expected, but remains elevated
The Fed's preferred inflation measure for November, the PCE index, came in below Wall Street estimates. However, it remains above where policymakers want it to be suggesting prices are still stubbornly high.
Government shutdown could impact travelers, TSA chief warns
The TSA warned that an extended partial government shutdown could result in longer wait times for holiday season travelers even as most TSA workers will remain on the job.
National Debt Tracker: American taxpayers (you) are now on the hook for $36,167,604,149,955.61 as of 12/19/24
The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.
ChatGPT CEO talks Elon Musk feud, criticizes Biden admin AI regulation
OpenAI CEO Sam Altman said in an appearance on "Honestly with Bari Weiss" that Elon Musk's feud with OpenAI is grounded in a competitive desire to control the most powerful AI.
Federal Reserve cuts interest rates by quarter point in December
The Federal Reserve's policymakers announced that they will cut the benchmark federal funds rate by a quarter point in December, marking the central bank's third straight cut.
Social Security's full retirement age is increasing in 2025: What to know
The full retirement age for Social Security is set to increase in 2025, with the age for new retirees to claim and receive their full benefit rising to 66 years and 10 months.
CEO optimism rises following Trump's election win
President-elect Trump's upcoming return to the White House has caused optimism among CEOs and investors for economic conditions in 2025 to rise, according to a survey by Teneo.
FTC bans 'bait-and-switch' hidden fees for hotel and event tickets
The new rule requires businesses that advertise their pricing to tell consumers the truth up front about prices and fees and prohibits them from misrepresenting any fee or charge.
Netflix co-CEO Ted Sarandos to meet with Trump
President-elect Trump is reportedly set to meet with Netflix co-CEO Ted Sarandos on Tuesday at Mar-a-Lago in Florida in his latest meeting with a business leader.