California’s Young Adult Mortality Rate Higher Than Pre-Pandemic Levels
California's young adult death rate remains significantly higher than pre-pandemic rates, and officials say most of the spike in deaths is due to drug overdoses. California's Legislative Analysts Office (LAO) calls this an “alarming trend.” dropped report According to Tuesday's announcement, residents ages 15 to 44 will die at a rate of 128 per 100,000 […]
Producer Price Inflation Jumps Higher Than Expected
Prices paid to producers of U.S. goods and services rose rapidly in November, the latest sign that progress in curbing inflation is stalling and inflation is at risk of rising again. The Producer Price Index (PPI) rose 0.4% in November, the Bureau of Labor Statistics announced Thursday morning. This was a tenth of a point […]
Trump Deportations Mean Cheaper Chickens and Higher Wages
President Donald Trump's mass deportation of illegal immigrants could lower the price of chicken dinners and raise wages for families, according to poultry industry news site AviNews.com. “The poultry industry relies heavily on immigrant labor. Many of these workers are in the country illegally, and their role in processing plants and farms is critical,” the […]
Chances of Fed rate cut rise despite inflation ticking higher
Anthony Pompliano, CEO and founder of Professional Capital Management, breaks down the latest developments in whether to buy Bitcoin, the debanking debate, and the shooting death of UnitedHealthcare CEO. Inflation rose slightly in November, but that hasn't dampened market expectations that the Federal Reserve will cut interest rates at its policymakers meeting next week. The […]
Inflation ticks higher as Fed eyes another rate cut
Inflation rose slightly in November, but likely not enough to derail the Federal Reserve's plans for further interest rate cuts, according to figures released Wednesday by the Labor Department. Consumer prices rose 0.3% in November and rose 2.7% over the past 12 months, according to new Consumer Price Index (CPI) data released on Wednesday. Monthly […]
European markets trade higher as new trading week get underway; luxury, mining stocks rise on China stimulus hopes – CNBC
European markets rose on Monday as a new trading week began as investors weighed geopolitical turmoil. In London, the pan-European Stoxx 600 index was trading up about 0.27% by 1:40 p.m., with major regional stock exchanges and sectors trading mixedly. Elsewhere, Hong Kong and China's leaders vowed “more aggressive” fiscal spending and “moderate” monetary easing […]
Japanese Yen ticks higher after revised Japan’s Q3 GDP; lacks follow-through – FXStreet
Following the upward revision of Japan's third quarter GDP, the Japanese yen rose slightly. The recent decline in US Treasury yields has hurt the US dollar and also benefited the yen. Questions about the Bank of Japan's ability to raise interest rates are further limiting the yen's upside. The Japanese yen (JPY) continues to struggle […]
Entrepreneurs need certainty, not higher taxes, to succeed
As lawmakers return to Washington, D.C., after a long and competitive election season, they will begin setting priorities for the next session of Congress. The economy and inflation remain top concerns for Americans and small businesses. We need to ensure we adopt policies that help them thrive. The 2017 tax law extension is an important […]
Mark Cuban’s self-serving prescription for higher drug prices
Immediately after President Trump's victory on November 5, businessman Mark Cuban deleted All posts by his parent Kamala Harris are posted on X (formerly Twitter). Former top campaign agent To make. But what he can't remove is his track record of using Harris to try to regulate his company's competition. In fact, he is escalating […]
Gold price ticks higher ahead of US Nonfarm Payrolls report – FXStreet
Gold prices have rebounded and risen ahead of November's US NFP data, which will influence market expectations for the Fed's interest rate path. Traders are leaning toward the Fed cutting interest rates by 25 basis points on Dec. 18. Violations of ceasefire terms between Israel and Hezbollah have reignited tensions in the Middle East, providing […]