Philadelphia Federal Reserve President Patrick Harker recently provided a strong endorsement for an interest rate cut coming in September. In an interview with CNBC from the Federal Reserve’s annual retreat in Jackson Hole, Wyoming, Harker expressed a clear belief that a rate cut is almost certain when officials convene next month. This position is significant
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In a stunning turn of events, Vice President Kamala Harris has managed to secure nearly $500 million in donations for her White House bid within just a month of President Joe Biden’s endorsement. This massive influx of funds includes contributions to Harris’ campaign as well as various other fundraising entities associated with her election efforts.
Waymo, the Alphabet-owned driverless vehicle venture, has been making significant strides in the world of autonomous transportation. With over 100,000 paid robotaxi rides per week in the U.S., Waymo has doubled its weekly trips since May. The company has been focusing its efforts on cities like San Francisco, Phoenix, Austin, and Los Angeles, where it
Vice President Kamala Harris has proposed increasing the corporate tax rate to 28% as part of her plan to generate revenue and fund ambitious programs as president. This move is seen as a way to redistribute wealth and ensure that working class individuals receive their fair share. The proposal comes in the wake of former
President Joe Biden’s upcoming keynote address at the Democratic National Convention has taken on a new significance following his decision not to seek a second term. His message is expected to focus on the importance of the upcoming election while also highlighting the accomplishments of Vice President Kamala Harris and Minnesota Gov. Tim Walz during
United Auto Workers President Shawn Fain didn’t hold back in his recent video, accusing Stellantis CEO Carlos Tavares of engaging in price gouging and failing to uphold certain parts of the union’s labor contract. Fain’s criticism of Tavares goes beyond mere disagreements, painting a grim picture of the company’s leadership and practices. One of the
The recent resignation of Columbia University’s president, Nemat “Minouche” Shafik, has sent shockwaves across the campus community. Shafik stepped down after facing months of criticism and protests from various groups, including anti-war demonstrators and House Republicans. The turmoil surrounding her presidency reached a tipping point, ultimately leading to her decision to resign. In her resignation
The latest report from the Labor Department revealed that inflation rose in July, mainly due to the increase in housing-related costs. The Consumer Price Index (CPI) showed a 0.2% increase for the month, leading to a 12-month inflation rate of 2.9%. While economists had anticipated slightly lower numbers, the core CPI (excluding food and energy)
The rollout of the new Free Application for Federal Student Aid, commonly referred to as FAFSA, has been met with widespread criticism and dissatisfaction. Many college students have found themselves in the dark regarding the status of their financial aid awards for the upcoming academic year. The National Association of Student Financial Aid Administrators has
Recent data from the New York Federal Reserve has shown that consumers are growing more confident about the future of inflation rates. The three-year outlook for inflation has hit a new low, with consumers expecting inflation to be at just 2.3%. This marks a significant decrease from the previous month, indicating a shift in consumer
