Producer Inflation Surges Much Higher Than Expected
Government data released on Friday showed the producer price index (PPI) rose 0.2% last month, double the rate of increase economists had expected. Prices for the previous month were revised upwards, erasing what had been shown to be a slight decline. The revised producer price index for May showed prices were flat for the month, […]
Dozens of Dems Expected to Call for Biden to Step Aside
Dozens of Democratic lawmakers are expected to issue statements over the next two days urging President Joe Biden to not seek reelection, according to four Democratic officials familiar with the situation. Said CBS News ahead of the President’s NATO press conference. “Two sources said plans have been coordinated and some of the statements prepared in […]
Melania Trump expected to make appearance at Republican convention
Former First Lady Melania Trump is expected to attend the Republican National Convention next week, but it is not yet clear whether she will give a speech there. A source familiar with the matter confirmed that the former first lady will attend the rally in Milwaukee, Wisconsin, where her husband, former President Trump, will accept […]
Inflation expected to slow again in June, but high prices are still crushing Americans
Former Kansas City Federal Reserve Bank President Thomas Honig responded to Jerome Powell’s comments on “Cavuto Coast to Coast” that the Fed isn’t ready to start cutting interest rates. The closely watched inflation report due on Thursday is expected to show that price pressures within the economy continued to ease in June. Economists expect the […]
Nets bring back veteran guard Trendon Watford as expected
As expected, the Nets brought back restricted free agent Trendon Watford. After The Post reported on June 29 that Brooklyn had made Watford a qualifying offer, the 23-year-old agreed to it on Tuesday, ensuring his return. Watford, a teammate of Cam Thomas at Louisiana State, signed a one-year, $2.7 million contract this season and is […]
U.S. House expected to uphold Biden veto preserving SEC accounting rule
Commodity Futures Trading Commissioner Caroline Pham explained that creating a regulatory framework for cryptocurrencies is a “top priority.” of Biden Administration It is on the brink of scoring an important victory in policing cryptocurrencies. A resolution to remove regulatory obstacles for traditional investment banks wanting to hold digital assets is unlikely to get enough votes […]
Major traffic jams expected as New York City’s Third Avenue Bridge gets suck
Photos show a New York City bridge became stuck open on Monday afternoon after overheating due to the summer heat. The Third Avenue Bridge, which crosses the Harlem River and connects Manhattan to the Bronx, became stuck at about 2:46 p.m., when metal on the 126-year-old bridge overheated, causing it to expand, according to FOX […]