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Fed’s preferred inflation gauge hit lowest level in 3 years in December

The Fed's preferred measure of inflation rose just 0.2% from November to December, its lowest level in nearly three years. The latest data on the Personal Consumption Expenditure Price Index (also known as “core inflation,” which subtracts food and energy costs) is likely to whet the appetite of Wall Street investors hoping for a Fed […]

Saudi Arabia Opens First Liquor Store in 70 Years for Diplomats

The Saudi government has reportedly opened the first liquor store since alcohol was banned in the early 1950s. The store, a modest facility next to a supermarket in the diplomatic district of the capital Riyadh, is exclusively for non-Muslim diplomats. The opening of the landmark liquor store had been kept fairly quiet until sources within […]

Couple faces 20 years in prison for child pornography possession, Michigan police say

A Michigan couple has been arrested on suspicion of possessing child pornography and could face up to 20 years in prison if convicted. michigan state police Said A press release said 43-year-old William Nicholas Horner and 42-year-old Stacey Jean Horner were arrested after an investigation revealed they allegedly viewed online files with content related to […]