Woman Seen Smashing Up Drake’s OVO Store in New York City, o…

Woman Seen Smashing Up Drake’S Ovo Store In New York City, O…

Woman Caught on Video Smashing Windows and Attempting to Set Fire to Drake’s OVO Store in NYC; 31-Year-Old Arrested August 27, 2025 – New York City, NY A chaotic scene unfolded Tuesday afternoon at Drake’s flagship October’s Very Own (OVO) clothing store in Manhattan, where a 31-year-old woman allegedly went on a destructive rampage, smashing … Read more

Federal Reserve Signals Rate Cuts in 2025, but Debate Persists on Scope and Timing

Federal Reserve Signals Rate Cuts In 2025, But Debate Persists On Scope And Timing

July 10, 2025 – Federal Reserve officials are increasingly aligned on the likelihood of interest rate cuts in 2025, but their June 17-18 meeting minutes reveal a sharp divide over the number and timing of these reductions, reflecting uncertainty driven by President Trump’s trade policies and mixed economic signals. The minutes, released Wednesday, show the … Read more

Layoff announcements surge to the most since the pandemic as Musk’s DOGE slices federal labor force

Layoff Announcements Surge To The Most Since The Pandemic As Musk’S Doge Slices Federal Labor Force

Layoff Announcements Surge to Most Since Pandemic as Musk’s DOGE Slices Federal Labor Force Washington, D.C., April 3, 2025 – U.S. employers announced a staggering 275,240 layoffs in March, the highest monthly total since the Covid-19 pandemic crippled the economy in 2020, driven largely by massive federal job cuts under Elon Musk’s Department of Government … Read more

Watch Fed Chair Jerome Powell testify live before Senate banking panel

Watch Fed Chair Jerome Powell Testify Live Before Senate Banking Panel

Federal Reserve Chair Jerome Powell Testifies Before Senate Banking Panel Amid Tariff and Rate Cut Debates Washington, D.C., June 27, 2025 — Federal Reserve Chair Jerome Powell delivered his semiannual monetary policy testimony before the Senate Banking, Housing, and Urban Affairs Committee on June 25, 2025, addressing critical issues like inflation, interest rates, and the … Read more

Bessent sees tariff agreement as progress in ‘strategic’ decoupling with China

Bessent Sees Tariff Agreement As Progress In ‘Strategic’ Decoupling With China

U.S.-China Tariff Truce Marks Step Towards Strategic Decoupling, Says Treasury Secretary Bessent Washington, D.C., Could 13, 2025 – U.S. Treasury Secretary Scott Bessent hailed the U.S.-China commerce settlement, introduced on Could 12, 2025, as a major step within the “strategic decoupling” of the U.S. financial system from reliance on Chinese language imports for important items. … Read more

Treasury Secretary Bessent says the American dream is not about ‘access to cheap goods’

Treasury Secretary Bessent Says The American Dream Is Not About ‘Access To Cheap Goods’

Scott Bessent, US treasury secretary, throughout a Bloomberg Tv interview in New York, US, on Thursday, Feb. 20, 2025. Treasury Secretary Scott Bessent on Thursday provided a full-throated protection of the White Home’s place on tariffs, insisting that commerce coverage must be about extra than simply getting low-priced objects from different international locations. “Entry to … Read more

The Fed is unlikely to cut rates Wednesday, but this meeting is packed with intrigue

The Fed Is Unlikely To Cut Rates Wednesday, But This Meeting Is Packed With Intrigue

The Federal Reserve is widely expected to maintain its benchmark interest rate at 4.25%–4.50% during its July 30, 2025, meeting, with no rate cut anticipated, according to multiple sources. Despite pressure from President Donald Trump for lower borrowing costs, economists and market indicators, such as the CME FedWatch tool, suggest only a 4%–5% chance of … Read more

The Fed will update its rate projections Wednesday. What to expect

The Fed Will Update Its Rate Projections Wednesday. What To Expect

Washington, D.C. – March 18, 2025 – The Federal Reserve is set to release its updated interest rate projections this Wednesday, a highly anticipated event that could signal the central bank’s next moves in managing inflation, economic growth, and employment. Investors, economists, and policymakers alike are bracing for insights into how the Fed views the … Read more

Chicago Fed President Goolsbee sees rate cuts depending on inflation progress

Chicago Fed President Goolsbee sees rate cuts depending on inflation progress

Chicago Fed President Goolsbee Signals Rate Cuts Dependent on Inflation Progress Chicago, IL — March 21, 2025 — Chicago Federal Reserve President Austan Goolsbee suggested this week that interest rate cuts could be on the table in the near future, depending on the trajectory of inflation in the coming months. Goolsbee, known for his cautious … Read more

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

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