The U.S. has experienced its lowest inflation rate in four years, driven primarily by a notable drop in prices for everyday goods. According to the Bureau of Labor Statistics, egg prices saw their largest monthly decline since 1984, while used car, clothing, and airfare costs also decreased. These changes offer some relief to American families…
Author: Casey Bennett
Casey Bennett brings over 15 years of newsroom experience to their role as Editor-in-Chief at Report Herald. A firm believer that journalism should challenge the status quo, Casey has led award-winning investigations into government accountability, education reform, and media ethics.
Chime Files for Nasdaq IPO, Betting on Fintech Momentum and Rising User Base Despite Profit Dip
Financial technology company Chime has filed to go public on the Nasdaq under the ticker symbol “CHYM.” The company emphasized in its prospectus that it is a tech firm and not a bank, noting it is not a member of the FDIC. Despite this, it sees traditional banking giants like JPMorgan Chase, Wells Fargo, and…
California Approves State Farm’s Emergency Rate Hike After Wildfires, Sparking Backlash From Survivors
State Farm has become the first insurance company in California to win approval for emergency interim rate hikes, starting June 1. The decision comes after the insurer cited financial distress from more than $7 billion in projected claims related to the January wildfires in Los Angeles County. The state’s Department of Insurance recommended the approval,…
April Inflation Slows to 2.3% as Tariff Impact Looms, Fed Rate Cuts Now Expected in Fall
In April, U.S. inflation came in slightly lower than expected, as the tariffs imposed by President Donald Trump began to affect the economy. According to the Labor Department’s report, the consumer price index (CPI) rose by 0.2% for the month, bringing the annual inflation rate down to 2.3%, its lowest level since February 2021. This…
McDonald’s Launches Massive 375,000-Worker Hiring Drive Amid Sales Slump and Summer Surge Plans
McDonald’s has announced plans to hire up to 375,000 employees across its 13,000 U.S. restaurants in preparation for the summer rush. This marks the company’s largest hiring campaign in five years and was officially revealed during an event in Ohio alongside U.S. Labor Secretary Lori Chavez-DeRemer. The hiring spree is also in anticipation of the…
Gold Melting Frenzy Sweeps LA’s Jewelry District as Economic Fears Spark Rush to Sell and Preserve
At the St. Vincent Jewelry Center in downtown Los Angeles — the largest jewelry hub in the U.S. — gold melting has become a daily operation driven by soaring prices. Workers like Alberto Hernandez are processing small quantities of gold jewelry into valuable bullion, with even a modest 100 grams melting into over $170,000 worth…
Chamath Palihapitiya Warns of Looming Liquidity Crunch as Subprime Credit Markets Flash Distress Signals
Billionaire investor Chamath Palihapitiya has issued a warning regarding the declining financial health of American consumers. Speaking on the All-In Podcast, Palihapitiya emphasized that a key financial metric, the price-to-book (P/B) ratio of subprime lenders, suggests potential trouble ahead. He pointed to Capital One and Credit Acceptance as examples, noting that fluctuations in their P/B…
Trump Hails ‘Total Reset’ in US-China Trade Talks as Tariff Strain and Inflation Risks Persist
Former President Donald Trump announced “great progress” following a new round of trade negotiations between the US and China held in Switzerland. Trump characterized the discussions as a “total reset” conducted in a “friendly, but constructive” way and emphasized the importance of opening Chinese markets to American businesses. His post on Truth Social marked his…
CFPB Plans Major Rollback of Consumer Protections Amid Shift Toward Court-Led Regulatory Oversight
The U.S. Consumer Financial Protection Bureau (CFPB) announced its intention to rescind nearly 70 policy and regulatory guidance documents, some dating back more than a decade. This move marks a significant shift in the direction of the agency under the Trump administration. Though not yet finalized, the proposed rollback signals a departure from previous regulatory…
Anthropic Supercharges Claude with Advanced Research Mode and Third-Party App Integrations
On Thursday, Anthropic announced major updates to its AI assistant, Claude, expanding its research capabilities and integration options. Claude can now run research tasks for up to 45 minutes before generating comprehensive reports. This new feature significantly enhances its ability to conduct in-depth investigations, compiling information from various sources, including both internal and external resources.…