Even while carrying $1.13 trillion in credit card debt, many Americans are still willing to splurge on travel and entertainment. But this summer it will cost even more thanks to “funflation,” a term economists use to explain the increasing price tags of live events as consumers hanker for the experiences they lost during the Covid years. “It’s hard […]Read More
Volkswagen plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion. The additional $4 billion is expected by 2026. It includes plans for $1 billion each in 2025 and 2026, followed by $2 billion in 2026 related to an expected joint venture to create electrical architecture and […]Read More
Amazon plans to launch a new section on its site dedicated to low-priced fashion and lifestyle items that will allow Chinese sellers to ship directly to U.S. consumers, CNBC has learned. The storefront, announced at an invite-only conference for Chinese sellers on Wednesday, would mark Amazon’s most aggressive attempt yet to fend off growing competition from […]Read More
It’s a key question on voters’ minds heading into Thursday night’s presidential debate: How far does my dollar go in 2024? The short answer: further than they might think. Since February 2020, the Consumer Price Index has climbed a cumulative 20.8%, according to Bureau of Labor Statistics data. Over that same period, average hourly earnings […]Read More
Pro-Israel groups make up an increasingly large presence in Democratic primaries for Congress. Even so, the effort to unseat Rep. Jamaal Bowman (D-N.Y.) in Tuesday’s primary is extraordinary. And the result could reverberate greatly in the evolving internal Democratic debate over the war in Gaza. That’s because, while the dollar amounts are becoming larger and […]Read More
President Biden and his presumptive opponent Donald Trump each amplified the case of a particular undocumented immigrant last week, using vastly divergent language in a preview of the sharp contrast they plan to draw on immigration during their debate Thursday. At a June 18 rally in Racine, Wis., Trump railed against a man from El […]Read More
FORT PIERCE, Fla. — Special counsel Jack Smith revealed new photos in a court filing Monday evening that depict how haphazardly Donald Trump stored classified materials at his Florida property post-presidency, with golf shirts stuffed into boxes alongside the sensitive materials, newspaper clippings and other mementos. The images — a grab-bag of national security secrets, […]Read More
One of the underrecognized elements of the country’s political tensions is the unusual generational split that exists at the moment. America is getting more gray and less White, both trends that overlap with age, given that the increased racial diversity the country is seeing is largely a function of younger people. Power is transitioning from […]Read More
After Texas passed a law restricting abortion as early as six weeks into pregnancy, the infant death rate increased along with the number of babies who died of birth defects, according to a new study. The study, led by researchers at Johns Hopkins University andpublished Monday in JAMA Pediatrics, is the latest research indicating higher […]Read More
Voters in Utah cast ballots in a slate ofprimary elections Tuesday, including in races for the seat held by Sen. Mitt Romney (R), who announced last year that he would not seek a second term. The winners of the Republican primaries are heavily favored to win in the November general election in this solidly conservative […]Read More
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