Author: Casey Bennett

The Federal Reserve’s preferred measure of inflation rose again in December, largely driven by higher energy and food prices. However, a key indicator of underlying inflation trends suggested some progress in curbing price increases. According to new Commerce Department data released Friday, the Personal Consumption Expenditures (PCE) price index increased 2.6% year over year in…

The Federal Reserve has entered its second Trump era much as it ended the first: proceeding with its own agenda despite former President Donald Trump’s insistence on lowering interest rates. As expected, Trump did not take the decision well. Just hours after the Fed announced on Wednesday that it would hold rates steady, Trump, who…

The U.S. Department of Justice has filed a lawsuit to block Hewlett Packard Enterprise’s $14 billion acquisition of networking equipment manufacturer Juniper Networks, arguing that the deal would suppress competition. The complaint was submitted on Thursday. Following the news, shares of both HPE and Juniper Networks declined by over 3% in afternoon trading. This antitrust…

Trump Media & Technology Group, the owner of Truth Social, announced on Wednesday its plans to expand into financial services and potentially invest in bitcoin and other cryptocurrencies. Following the announcement, shares of Trump Media (DJT) rose by 8%. The company stated that it intends to launch a fintech brand called Truth.Fi, along with investment…

General Motors announced a record adjusted net income for 2024 on Tuesday, just a year after facing the costly United Auto Workers union strike. The company also projected even stronger operating results for the year ahead. However, GM acknowledged that certain policy challenges from the Trump administration could impact its profit outlook. As the U.S.…

Save the Music, the nonprofit foundation that gained prominence on cable television from the late 1990s through the 2000s, is going independent. On Wednesday, the foundation announced that Paramount Global is ending its financial support for the nearly 30-year-old program, which has long championed music education in public schools. As a result, Save the Music…

Workers at a Whole Foods store in Pennsylvania voted on Monday to unionize, marking the first union to be formed within the organic grocery chain owned by Amazon. A majority of employees at the flagship store in Philadelphia’s Center City neighborhood chose to join a local chapter of the United Food and Commercial Workers (UFCW),…

Kia America is recalling over 80,000 vehicles due to potential damage to the floor wiring located beneath the front passenger seat, which could interfere with the proper deployment of airbags and seat belts. According to documents submitted to the National Highway Traffic Safety Administration, damaged wiring could also lead to the unintended deployment of the…

Madia Bellebuono, a University of Vermont graduate, spends her days at a Boston coffee shop scrolling through LinkedIn job postings. Since receiving her degree in strategic marketing and public communications in May 2024, she has submitted over 300 job applications. Despite having two internships, a solid GPA, and the weight of student loans hanging over…

Elon Musk’s Department of Government Efficiency has identified a new cost-cutting target: the US penny. DOGE posted on X that producing a single penny costs more than three cents, leading to an expense of over $179 million for US taxpayers in the 2023 fiscal year. “The Mint produced over 4.5 billion pennies in FY2023, representing…