Business

Fed’s favored inflation gauge remained elevated in April

This story about the April 2026 PCE inflation is developing and will be updated with more details. The Federal Reserve’s preferred inflation gauge remained stubbornly high in April as consumers continued to face elevated price growth.The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index rose 0.4% on a…

Elizabeth Warren calls for taxing AI industry to ‘invest in people’

Sen. Elizabeth Warren, D-Mass., is advocating for targeting the artificial intelligence industry with taxes. “It’s time to tax AI and invest in people,” the left-wing lawmaker has asserted.She has floated the prospect of taxing the energy consumed by AI data centers. SEN WARREN BLASTED FOR CHEERING BLOCKING OF MERGER THAT…

White House unveils Trump Accounts mobile app ahead of July 4 rollout

The White House announced on Wednesday Trump Accounts will drop a mobile app to track investments placed into children’s accounts as part of the administration’s new initiative. “TOMORROW: Trump Accounts, on your phone,” the White House wrote in an X post. “Manage everything. Watch the growth. All in ONE place.”The…

Costco grape plants spark fears of devastating threat to American farms

Grape plants sold at several Costco locations in California may pose a serious threat to California vineyards and agriculture after inspectors discovered an invasive insect known for spreading a deadly grapevine disease. The San Joaquin County Agricultural Commissioner’s Office said inspectors discovered the glassy-winged sharpshooter on grape plants sold at…

LARRY KUDLOW: Trump on the economy: I wish the media would talk about it.

Everybody is talking about $4.50 gasoline at the pump. And all the usual suspects from the lefty press, and of course the Democratic party, and even the business press that ought to know better, anyway, they’re all talking about recession. Of course they’re against President Trump. They’re against the Iran…

10 hottest rental housing markets in the US this summer

Americans around the country continue to face a tight housing market and a new report breaks down the hottest rental markets with summer fast approaching. An analysis by Zillow finds that the majority of the nation’s most in-demand rental markets will be found in the Northeast and California this summer…