‘Obama bros’ gang up on Biden as longstanding rumors of tension linger: ‘Hard to watch’
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GDP slows in the first quarter as inflation concerns linger
GDP grew at an annualized rate of 1.4% in the first quarter of this year. (iStock) U.S. gross domestic product (GDP) grew at an annualized rate of 1.4% in the first quarter of 2024. Bureau of Economic Analysis data (BEA) found. The increase indicates that the economy is strong, but not growing at a significant […]
Trump, Covid, the climate crisis – we’ve had a hard few years. The wounds linger | Rebecca Solnit
pictureEverything has gone wrong, and everyone is doomed. This is perhaps the greatest and most unrecognized truth of life right now in the United States and much of the rest of the world. The pandemic, eight years of the Trump administration, the distortions, confusion and corruption spread by Silicon Valley, and other looming threats, including […]
Power outages could linger for days after storms batter Texas again, leaving 1 dead
Power outages across storm-hit Texas on Wednesday could last through the weekend as the storm flooded roads in Houston for the second time this month, ripped roofs off Dallas and killed a teenager, injuring others. A teenager died at a construction site on Tuesday while trying to repair a collapsed home, and three people at […]
Americans expect high inflation to linger in latest New York Fed survey
Former Kansas City Fed President Thomas Honig responded to Jerome Powell’s statement that the Fed was not ready to start cutting interest rates “coast-to-coast.” Americans are bracing for continued high inflation for years to come, according to a major New York Fed survey released Monday. The median expectation is inflation rate According to the New […]
Regional bank hit with third credit downgrade as crisis concerns linger
Julia Coronado, founder and president of MacroPolicy Perspectives, talks on Making Money about whether a new local banking crisis is on the horizon. new york community bank Nearly a year after the local banking sector was hit by a crisis that triggered the largest bank failure in U.S. history, (NYCB) is closing for the third […]
Price questions linger for over-the-counter birth control pills
Perrigo Opil The oral contraceptive pill is expected to be released in the first quarter of this year. The company did not disclose the retail price of the pills, and a spokesperson said it is working to “ensure that its products are available to those who need them.” Officials hope to avoid a similar situation […]
Economic mood highest in two years, but inflation concerns linger: Gallup
Americans are more confident in the U.S. economy than they have been in at least the past two years, according to a new survey. However, further research shows that inflation remains a major concern for many people. Latest Gallup Economic Confidence Index, Released on TuesdayThe outlook remains negative overall, but the outlook has improved over […]