2% target
US inflation rises moderately, consumer spending cools
U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services.
alerts
Unemployment Claims Increase To Highest Level Since September 2023
A new report has revealed that the number of jobless claims has reached the highest in 10 months.
$120
Costco Increasing Membership Fees For First Time In 7 Years
Costco announced on Wednesday that it will be raising its membership fees at the start of September, leading to its first price hike since 2017.
borrowing costs
Monthly US consumer prices post first drop in four years as inflation subsides
U.S. consumer prices fell for the first time in four years in June amid cheaper gasoline and moderating rents.
2% target
US inflation ebbs in May as goods prices fall
U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months.
appliance outlets
US retail sales rise less than expected in May
U.S. retail sales barely rose in May, suggesting that economic activity remained lackluster in the second quarter.
appeal
White House Not Ruling Out Potential Commutation For Hunter’s Sentence
White House press secretary Karine Jean-Pierre said that the Biden administration would not rule out a potential presidential commutation for whatever sentence Hunter Biden receives.
10 to 15 degrees above average
Triple-Digit Temperature Heat Wave Heading To California, Nevada, Arizona
A heat wave bringing triple-digit temperatures is expected to hit parts of California, Nevada and Arizona.
Alphabet
US court to hear challenges to potential TikTok ban in September
A U.S. appeals court set a fast-track schedule to consider the legal challenges to a new law requiring ByteDance to divest TikTok’s U.S. assets by Jan. 19 or face a ban.
2013 movie
Scarlett Johansson says OpenAI chatbot voice ‘eerily similar’ to hers
Johansson made the comments hours after the artificial intelligence company said it was taking down the voice, called ‘Sky.’