Author: Leslie Stewart

Wholesale prices rose more than expected in November, the Bureau of Labor Statistics said Thursday, amid growing doubts that progress in curbing inflation was slowing.The producer price index (PPI), which measures the amount of money producers earn from their products at the final demand stage, rose 0.4% over the month, beating the Dow Jones consensus estimate of 0.2%. On an annual basis, PPI rose 3%, the largest increase since February 2023.However, the core PPI, which excludes food and energy, rose 0.2%, meeting expectations. Furthermore, the PPI increase rate excluding trade services was only 0.1%. The year-on-year growth rate was also…

President Joe Biden plans to commute the sentences of about 1,500 criminals and pardon 39 others, the White House announced early Thursday, the highest number of commutations and pardons ever granted in a single day. It is said to be the largest.”America was built on the promise of possibility and second chances,” Biden said in a statement, laying out what could be the defining act toward the end of his presidency.Mr. Biden continued. “As President, I will extend mercy to those who have shown remorse and rehabilitation, restore opportunities for Americans to participate in daily life and contribute to their…

Dubai, United Arab Emirates, December 12, 2024, Chainwire Quintes Protocol plans to redefine decentralized finance (DeFi) with an innovative depreciation-free cryptocurrency model. Now protected by the newly secured Patent Cooperation Treaty (PCT) PCT/IB2024/061188 from the World Intellectual Property Organization (WIPO), this breakthrough protocol offers a unique approach to perpetual wealth growth. A global disruptive force in the virtual currency market that provides value, ensures long-term stability of value, and evolves itself. Rand Al Karasi, a visionary young Saudi entrepreneur, aims to redefine the world of DeFi. By securing the proprietary technology behind the Quintes Protocol, WIPO PCT, she provides a…

Biden administration officials said Wednesday there are currently no plans to authorize a stockpiled avian influenza vaccine, despite a growing outbreak among livestock in the United States that has infected at least 58 people in seven states. said. The move means any decisions regarding the bird flu vaccine will likely fall to health officials in the incoming Trump administration, including anti-vaccine activist Robert F., whom Trump has nominated to lead the Department of Health.・There is also a possibility that Kennedy Jr. will lead the party. human services.The virus has been spreading among dairy cows since the spring, infecting at least…

Home under construction in Englewood Cliffs, NJ on November 19, 2024.Adam Jeffrey | CNBCIf President-elect Donald Trump wants to push inflation back to more tolerable levels, he will need support from housing costs, where federal policymakers have limited influence.November’s Consumer Price Index report included a variety of news on the shelter-in-place front, which accounts for a third of the closely tracked inflation index.Meanwhile, the category recorded the smallest full-year increase since February 2022. Additionally, the two main rent-related components included in the index experienced their slowest monthly increases in more than three years.However, the annual rate of increase remained at…

Tuesday, August 15, 2023, at the U.S. Treasury Building in Washington, DC, USA.Nathan Howard | Bloomberg | Getty ImagesThe U.S. budget deficit ballooned in November and is moving at a much faster pace in fiscal 2025 than a year ago, when the shortfall already exceeded $1.8 trillion, the Treasury Department reported Wednesday.The total deficit for the month was $366.8 billion, 17% higher than in November 2023 and more than 64% higher than a year ago on an unadjusted basis for the first two months of the fiscal year.This increase came despite total receipts of $301.8 billion, about $27 billion more…

Consumer prices rose at a faster pace than usual in November, a reminder that inflation remains a problem for both households and policymakers.The Consumer Price Index rose 0.3% from the previous month, bringing the 12-month inflation rate to 2.7%, the Bureau of Labor Statistics said Wednesday. The annual rate was 0.1 percentage point higher than in October.Core CPI, which excludes food and energy costs, was 3.3% annually and 0.3% monthly. The 12-month core value is unchanged from a month ago.Both numbers were in line with Dow Jones consensus estimates.The statistics came as Federal Reserve officials consider what to do at…

A 92-year-old Japanese survivor of the U.S. atomic bombing of Nagasaki accepted this year’s Nobel Peace Prize on Tuesday on behalf of anti-nuclear weapons groups and spoke of the horrors he witnessed in 1945.The Nobel Peace Prize was awarded in October to Nippon Hidankyo, a group made up of survivors of the atomic bombings of Hiroshima and Nagasaki by the United States, also known as A-bomb survivors. Founded in 1956, the organization aims to maintain taboos on the use of nuclear weapons and has been fighting for nearly 70 years to eliminate nuclear weapons worldwide. The United States first and…

Prosecutors from the Manhattan District Attorney’s Office have asked a New York state judge not to overturn President-elect Donald Trump’s conviction in the hush money case, offering various suggestions on how to proceed with the case without interfering with the president’s duties. are.In a filing made public on Tuesday, there is a proposal for a judge to ensure Trump will avoid prison time in the case, which would alleviate his “concerns” during his time in office. They said it could be done. But they argued there was no reason to dismiss the case or set aside the May 2024 judgment.…

A man shops at a Target store in Chicago on November 26, 2024.Kamil Krzaczynski | AFP | Getty ImagesA major economic report on Wednesday is expected to show progress in lowering inflation has stalled, although not enough to prevent the Federal Reserve from cutting interest rates next week.The consumer price index, a broad measure of the cost of goods and services across the U.S. economy, is expected to report 12-month inflation of 2.7% in November, up 0.1% from the previous month, according to Dow. It is said that the points will be accelerated. Jones agrees.So-called core inflation, which excludes food…