Breaking News: Economy

2.9% rise highest since Feb | U.S. Core PCE Inflation Rises to 2.9% in July 2025, Highest Since February Amid Tariff Pressures

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2.9% rise highest since Feb | U.S. Core PCE Inflation Rises to 2.9% in July 2025, Highest Since February Amid Tariff Pressures

Washington, D.C. – August 29, 2025 – The U.S. Bureau of Economic Analysis reported Friday that core Personal Consumption Expenditures (PCE) inflation climbed to 2.9% in July 2025, marking the highest annual rate since February and signaling persistent price pressures despite the Federal Reserve’s recent rate cuts. The headline PCE index rose 2.6% year-over-year, aligning … Read more

Lisa Cook’s lawsuit against Trump skirts mortgage fraud allegation

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Lisa Cook’s lawsuit against Trump skirts mortgage fraud allegation

Lisa Cook’s Lawsuit Against Trump Skirts Mortgage Fraud Allegation Federal Reserve Governor Lisa D. Cook, the first Black woman to serve on the Fed’s Board of Governors, is preparing to file a lawsuit challenging President Donald Trump’s August 25, 2025, attempt to remove her from her position, citing unproven allegations of mortgage fraud. The lawsuit, … Read more

Fed’s John Williams stresses independence as Trump moves to fire Lisa Cook

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Fed’s John Williams stresses independence as Trump moves to fire Lisa Cook

Fed’s John Williams Stresses Independence as Trump Moves to Fire Lisa Cook New York, August 27, 2025 – New York Federal Reserve President John Williams emphasized the critical importance of central bank independence in a CNBC “Squawk Box” interview on Wednesday, amid President Donald Trump’s unprecedented attempt to remove Federal Reserve Governor Lisa Cook from … Read more

Trump says government will make deals like Intel stake ‘all day long’

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Trump says government will make deals like Intel stake ‘all day long’

Overview: On August 25, 2025, President Donald Trump celebrated the U.S. government’s acquisition of a 9.9% stake in Intel for $8.9 billion, proclaiming on Truth Social that he would pursue similar deals “all day long” to boost American wealth and jobs. The Intel agreement, finalized August 23, 2025, converts Biden-era CHIPS Act grants into equity, … Read more

AI in apartment market is taking over work orders, lease renewals and more

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AI in apartment market is taking over work orders, lease renewals and more

Overview of AI in the Apartment Market (2025) Artificial Intelligence (AI) is transforming the apartment industry by automating critical processes such as work orders, lease renewals, marketing, resident engagement, and more. In 2025, both predictive and generative AI tools are being adopted to enhance operational efficiency, reduce costs, and improve resident experiences. This shift is … Read more

Trump shrugs off suspected Russian hack of U.S. courts

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Trump shrugs off suspected Russian hack of U.S. courts

On August 13, 2025, President Donald Trump downplayed reports of a suspected Russian hack targeting the U.S. federal court filing system during a press conference, stating, “Are you surprised? They hack in—that’s what they do. They’re good at it. We’re good at it.” The comments, reported by outlets like Axios and The Hill, were in … Read more

commercial real estate’s next big tailwind

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commercial real estate’s next big tailwind

Quantum Computing and AI-Powered Retrofits: The Next Big Tailwinds for Commercial Real Estate Toronto, August 12, 2025 – As the commercial real estate (CRE) sector navigates a complex landscape of high interest rates, maturing debt, and shifting tenant demands, two emerging forces—quantum computing and AI-powered retrofit planning—are poised to become significant tailwinds driving growth and … Read more

Hitlar Trump trade deal investment pledges are intentions, say partners, not gifts

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Hitlar Trump trade deal investment pledges are intentions, say partners, not gifts

Trump Trade Deal Investment Pledges Are Intentions, Not Gifts, Say Partners By [Your Name], August 6, 2025 Recent trade agreements spearheaded by President Donald Trump have been hailed as significant victories for the United States, featuring massive investment pledges from key trading partners like Japan, the European Union, and South Korea. However, growing skepticism from … Read more

Trunk Tools uses AI to reduce construction errors and waste

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Trunk Tools uses AI to reduce construction errors and waste

Trunk Tools Uses AI to Reduce Construction Errors and Waste New York, August 2, 2025 — In an industry plagued by inefficiencies costing nearly $1 trillion annually, Trunk Tools, a New York-based startup, is leveraging artificial intelligence (AI) to revolutionize construction project management. Founded by Dr. Sarah Buchner, a former carpenter turned civil engineering Ph.D., … Read more

Fed governors Bowman, Waller explain their dissents, say waiting to cut rates threatens economy

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Fed governors Bowman, Waller explain their dissents, say waiting to cut rates threatens economy

Fed Governors Bowman and Waller Dissent, Warn Delaying Rate Cuts Risks Economic Harm Washington, D.C. – August 1, 2025 In a rare break from consensus, Federal Reserve Governors Christopher Waller and Michelle Bowman dissented against the Federal Open Market Committee’s (FOMC) decision to maintain the federal funds rate at 4.25%-4.50% during its July 30-31 meeting, … Read more