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

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

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

Shooter at Minneapolis Catholic school contained

Shooter at Minneapolis Catholic school contained

Minneapolis, Minnesota – August 27, 2025 Authorities in Minneapolis confirmed that the shooter responsible for a horrific mass shooting at Annunciation Catholic School has been contained, with the gunman dying from a self-inflicted gunshot wound at the scene. The attack, which unfolded during a morning Mass marking the first week of the school year, claimed … Read more

Lisa Cook will sue over Trump firing from Fed board, her lawyer says

Lisa Cook will sue over Trump firing from Fed board, her lawyer says

Fed Governor Lisa Cook to Sue Trump Over Firing, Lawyer Confirms Amid Legal and Economic Backlash WASHINGTON, D.C. — Federal Reserve Board Governor Lisa Cook, the first Black woman to serve on the central bank’s governing board, plans to file a lawsuit challenging President Donald Trump’s abrupt firing of her on Monday, her attorney confirmed … Read more

DOJ suing California over redistricting, as Texas plans new map

DOJ suing California over redistricting, as Texas plans new map

DOJ Sues California Over Redistricting as Texas Advances New Congressional Map By Staff Reporter, August 26, 2025 The U.S. Department of Justice (DOJ) is reportedly preparing to file a lawsuit against California over its controversial redistricting plan, which aims to add five Democratic seats to the U.S. House of Representatives, according to President Donald Trump’s … Read more

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

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

Canada drops many of its retaliatory tariffs on the U.S.

Canada drops many of its retaliatory tariffs on the U.S.

Canada Drops Most Retaliatory Tariffs on U.S., Easing Trade Tensions Ottawa, Canada – August 22, 2025 – In a significant shift in its trade strategy, Canada has effectively suspended the vast majority of its retaliatory tariffs on U.S. goods, reducing the effective tariff rate to “nearly zero,” according to a May 2025 report by Oxford … Read more

House Democrats probe Paramount-Skydance merger over Trump dealings

House Democrats probe Paramount-Skydance merger over Trump dealings

House Democrats, led by Reps. Frank Pallone Jr. (D-N.J.) and Jamie Raskin (D-Md.), launched an investigation on August 20, 2025, into the $8 billion merger between Paramount Global and Skydance Media, focusing on potential improper dealings with President Donald Trump to secure Federal Communications Commission (FCC) approval. The probe centers on allegations of bribery and … Read more

Trump US Attorney Alina Habba disqualified from cases

Trump US Attorney Alina Habba disqualified from cases

Alina Habba, appointed by President Donald Trump as the acting U.S. Attorney for the District of New Jersey in March 2025, was disqualified from participating in ongoing criminal cases by U.S. District Judge Matthew Brann on August 22, 2025. The ruling stemmed from challenges to the legality of her appointment, which was extended through what … Read more

Trump advisor Peter Navarro says India must stop buying Russian oil

Trump advisor Peter Navarro says India must stop buying Russian oil

Trump Advisor Peter Navarro Urges India to Halt Russian Oil Purchases Amid Rising Tensions Washington, D.C. – August 18, 2025 – Peter Navarro, a senior trade advisor to U.S. President Donald Trump, has called for India to cease its purchases of Russian crude oil, arguing that they fuel Moscow’s war in Ukraine and undermine global … Read more