Inflation has once again occupied a central position in economic discussions as new data released by the Commerce Department for October highlights both the persistence and shifts in price levels across various sectors. The personal consumption expenditures (PCE) price index—the Federal Reserve’s preferred inflation metric—rose by 0.2% month-over-month, culminating in an annual inflation rate of
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The automotive industry stands at a crossroads, facing potential upheaval from proposed trade tariffs threatened by President-elect Donald Trump. His recent threat to impose a 25% tariff on goods imported from Canada and Mexico has led to a swift and significant market reaction reflected in the falling shares of major automotive players like General Motors
Despite posting solid fiscal third-quarter results, Zoom Video Communications encountered a notable 4% dip in its stock price during after-hours trading on Monday. This decline is indicative of the often volatile nature of the stock market, where investor sentiment can shift rapidly, sometimes even in response to positive news if it fails to exceed expectations
As families across the United States prepare for the annual Thanksgiving feast, many may be surprised to learn that the overall cost associated with these celebrations has become more manageable. According to the American Farm Bureau Federation (AFBF), the estimated cost for a traditional Thanksgiving dinner serving 10 people stands at approximately $58.08 this year,
In a notable announcement from Hyundai Motor North America, the company revealed it is set to recall over 42,000 vehicles due to a critical wiring defect that poses a significant risk of unintended movement. This disclosure, made via a notice from the National Highway Traffic Safety Administration (NHTSA), highlights issues with both the 2025 Hyundai
In a dramatic twist of events, Democratic Sen. Bob Casey of Pennsylvania officially conceded his Senate race on Thursday to Republican challenger Dave McCormick. This concession came swiftly after NBC News projected a victory for McCormick, marking a significant shift in the political landscape of Pennsylvania. The race, characterized by an incredibly tight margin, necessitated
Bluesky, the social media platform that has recently gained significant traction, is emerging as a formidable rival to established giants like Elon Musk’s X (formerly Twitter) and Meta’s Threads. The surge in popularity can largely be attributed to a shift in user sentiment, particularly following the recent presidential election. Many users are seeking alternatives to
The announcement of Linda McMahon as President-elect Donald Trump’s choice for Secretary of Education marks a significant shift in how education policy may be shaped in the upcoming administration. A former executive in the World Wrestling Entertainment industry and a previous member of Trump’s first administration, McMahon embodies both the controversial and populist approach that
Nvidia continues to retain a commanding presence in the burgeoning artificial intelligence (AI) chip market, boasting an impressive 80% market share, largely positioned as the favored graphics processing unit (GPU) for the development and deployment of generative AI applications. This predominant status is a remarkable feat, particularly in an ecosystem increasingly crowded with competitors. As
In a significant development for the air travel industry, Spirit Airlines has initiated a Chapter 11 bankruptcy protection process, marking it as the first major U.S. passenger carrier to take such a step in over a decade since American Airlines did so in 2011. This strategic move by Spirit is not indicative of an impending