Core inflation was little changed in August, according to the Federal Reserve’s primary forecasting tool, likely keeping the central bank on pace for interest rate reductions ahead. The personal consumption expenditures price index posted a 0.3% gain for the month, putting the annual headline inflation rate at 2.7%, the Commerce Department reported Friday. Excluding food…
Marc Tarpenning is one of multiple individuals credited with co-founding electric vehicle giant Tesla Inc (NASDAQ:TSLA). While Tarpenning is no longer active with Tesla, he could be making his comeback in the electric vehicle sector. What Happened: The electric pickup truck market has struggled to produce the same strong sales in America that traditional gas-powered…
[The stream is slated to start at 12:35 p.m. ET. CNBC Television will start the stream when the event begins. Please refresh the page if you do not see a player above.] Federal Reserve Chair Jerome Powell speaks Tuesday to the Greater Providence Chamber of Commerce 2025 Economic Outlook Luncheon. This is Powell’s first speech…
A-list celebrities are showing their support for Jimmy Kimmel in an open letter after his show suspension. “We the people must never accept government threats to our freedom of speech. Efforts by leaders to pressure artists, journalists and companies with retaliation for their speech strike at the heart of what it means to live in…
Elon Musk and President Donald Trump were seen warmly greeting each other at the Charlie Kirk memorial service at State Farm Stadium in Glendale, Arizona, on Sunday, marking their first public meeting since their highly publicized fallout earlier this summer. Why It Matters The potential reconciliation between Trump and Musk represents a significant political development,…
As Tropical Cyclone Ragasa barrels toward the Luzon Strait and builds toward super typhoon intensity, Hong Kong residents are urged to recall the devastation of past storms like Typhoon Hato in 2017 and Typhoon Mangkhut in 2018, with forecasts warning of similar gale-force winds, heavy squalls, and a storm surge that could flood coastal areas…
A minor hydraulic problem forced President Donald Trump‘s helicopter to make an unscheduled landing in Britain before his departure for the United States, the White House said Thursday. White House press secretary Karoline Leavitt said the issue briefly delayed Marine One’s return to London Stansted Airport after leaving the prime minister’s country residence. Pilots landed…
U.S. Federal Reserve Chair Jerome Powell walks away at the end of a press conference, following the issuance of the Federal Open Market Committee’s statement on interest rate policy, in Washington, D.C., U.S., Sept. 17, 2025. Elizabeth Frantz | Reuters The Federal Reserve on Wednesday delivered on a widely anticipated quarter percentage point interest rate…
WASHINGTON – The Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market. In an 11-to-1 vote signaling less dissent than Wall Street had anticipated, the Federal Open Market Committee lowered its…
By Gabe Whisnant is a Breaking News Editor at Newsweek based in North Carolina. Prior to joining Newsweek in 2023, he directed daily publications in North and South Carolina. As an executive editor, Gabe led award-winning coverage of Charleston church shooter Dylan Roof’s capture in 2015, along with coverage of the Alex Murdaugh double murder…