Philadelphia Federal Reserve President Patrick Harker recently expressed his support for an interest rate cut in September, signaling a strong likelihood of monetary policy easing in the near future. Harker emphasized the importance of initiating a gradual rate reduction process and providing clear signals well in advance to the market. Despite the market’s anticipation of
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In a stunning turn of events, Vice President Kamala Harris has shattered fundraising records by amassing nearly $500 million in just one month. This remarkable feat comes after President Joe Biden exited the presidential race and threw his support behind Harris as his successor. According to reports from NBC News, the fundraising efforts include contributions
Waymo, a self-driving project that originated within Alphabet in 2009, has made significant strides in the autonomous vehicle industry. Recently, co-CEO Tekedra Mawakana announced on LinkedIn that Waymo is now providing over 100,000 paid robotaxi rides per week in the U.S. This marks a significant increase from the 50,000 weekly trips reported just a few
The debate over tax policy in the United States has always been a contentious issue, with contrasting views on how best to raise revenues and support government programs. Vice President Kamala Harris recently made headlines by proposing to raise the corporate tax rate to 28%, a move aimed at financing ambitious plans to benefit the
As President Joe Biden gears up to deliver the keynote address at the Democratic National Convention, his role in the upcoming event has evolved significantly following his decision not to seek re-election. Despite this change, Biden’s message remains consistent in highlighting the importance of the upcoming election and the need to prevent a potential threat
In a recent video posted by the United Auto Workers President Shawn Fain, there was a scathing criticism of Stellantis CEO Carlos Tavares. The accusations made against Tavares included price gouging consumers and failing to uphold parts of the union’s labor contract with the automaker. This ongoing feud between the CEO and the union leader
Amidst the ongoing protests on the Manhattan campus over the war in Gaza, Nemat “Minouche” Shafik, the president of Columbia University, announced her resignation on Wednesday. This decision came after facing criticism and backlash from various parties, including anti-war protesters and House Republicans in Congress. Shafik acknowledged the challenging period during her tenure, stating that
Inflation rates rose as anticipated in July, primarily driven by an increase in housing-related costs. According to a recent report from the Labor Department, the consumer price index (CPI) saw a 0.2% uptick for the month, resulting in a 2.9% annual inflation rate. Economists had predicted a 3% annual rate, but the actual figure fell
The article discusses the disastrous rollout of the new Free Application for Federal Student Aid (FAFSA), highlighting the fact that some college students are still unaware of their aid awards for the fall. The Department of Education’s poor planning has resulted in a failure that may prevent students from receiving financial aid in time for
In July, consumers displayed growing confidence in the outlook for inflation over the coming years. The New York Federal Reserve report released on Monday revealed that respondents foresee inflation remaining elevated in the next year before receding in the subsequent years. Notably, the three-year perspective from the Survey of Consumer Expectations showed a decrease in