U.S. stocks edged up at the open, trying to shake off renewed inflation concerns and expectations for President Donald Trump to announce reciprocal tariffs on Thursday. Overall wholesale inflation, or a measure of prices businesses pay for goods and services, rose more than expected in January, but the core rate without energy and food was…
Republican Senator John Barrasso introduced a bill to eliminate the $7,500 tax credit for electric vehicles. The bill aims to stop subsidizing what Barrasso calls “luxuries of the nation’s elite” and curb Chinese influence in the EV market. A member of Republican leadership in the U.S. Senate on Wednesday introduced legislation to get rid of…
When news broke Wednesday that inflation and food prices went up in January, President Donald Trump wasted no time taking personal responsibility and vowing to focus solely on making life better for all Americans. HAH! Just kidding. He posted “BIDEN INFLATION UP!” on social media and then presumably went back to planning the Trump-branded hotel…
Apple Maps joined Google Maps in renaming the Gulf of Mexico to the Gulf of America Other countries, including Mexico, retain the Gulf of Mexico name The Associated Press claims it was denied entry to a federal press event for not using the new name for the gulf. With a few strokes of his pen,…
The S&P 500 ended down on Wednesday after a hotter-than-expected U.S. inflation reading added to worries that the Federal Reserve would not cut interest rates anytime soon, while CVS Health and Gilead Sciences rallied after upbeat quarterly reports. Nvidia NVDA.O and Amazon AMZN.O dipped more than 1%, with the two AI computing heavyweights weighing on the S&P 500 .SPX. U.S. consumer…
WASHINGTON − President Donald Trump says he expects to meet with Russian President Vladimir Putin in Saudi Arabia in the near future to discuss an end to his nation’s war on Ukraine. The exact date of the meeting hasn’t been set, Trump said in the Oval Office. Ukraine wasn’t invited. A ceasefire could also be…
The school board plans to revisit the issue in March and will likely implement changes by the 2025-2026 school year. This potential ban aligns with a statewide trend in Florida to restrict cell phone use in schools, with varying degrees of success and student acceptance. The School District of Lee County is considering a district-wide…
WASHINGTON ― Joined by Elon Musk in the Oval Office, President Donald Trump signed an executive order Tuesday that seeks to “significantly reduce the size of government” by instructing heads of federal departments and agencies to undertake plans for “large-scale reductions in force.” Trump’s newest order directs the federal government to implement a “workforce optimization…
U.S. stocks began the day weaker as investors awaited testimony from Federal Reserve Chairman Jerome Powell before the Senate Banking Committtee and what comes next in President Donald Trump’s tariff plans. In his first Congressional appearance since President Donald Trump’s inauguration, Powell is expected to address questions about the role tariffs may have on inflation…
On Tuesday’s episode of The Excerpt podcast: Hamas says it will stop releasing hostages, while accusing Israel of ceasefire violations. Israel accused Hamas of violating the ceasefire agreement. USA TODAY Justice Department Correspondent Bart Jansen breaks down why a group of states sued over billions in research cuts. Also in the courts, a judge extended the pause on…