The Federal Reserve’s preferred inflation gauge fell in June, as the pace of price growth pulled back amid volatility in energy markets. The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index declined 0.1% on a monthly basis in June and was up 3.7% from a year ago. Both…

This story about the advance estimate of second-quarter GDP will be updated with further details. U.S. economic growth slowed unexpectedly in the second quarter of the year, according to the Commerce Department’s advance estimate.The Bureau of Economic Analysis (BEA) on Thursday released its advance estimate of second-quarter GDP, which showed the…

President Donald Trump said Wednesday his administration is considering additional safeguards for artificial intelligence following a recent cybersecurity incident involving multiple OpenAI models undergoing internal security testing. Asked about reports that OpenAI models autonomously breached another AI company’s systems during internal testing, Trump said the U.S. must strike a balance…

Sen. Josh Hawley, R-Mo., accused Dr. Anthony Fauci of using taxpayer-funded staff to pursue more than $1 million in personal cash awards during the COVID-19 pandemic, allegations Fauci declined to address as he repeatedly invoked the Fifth Amendment. The exchange came during a contentious hearing Wednesday, where the former White…

LeBron James’ big free agent decision has shaken the NBA once more after the all-time leading scorer chose the Philadelphia 76ers as his next team.  Fans have quickly jumped on board, with Fanatics saying his newest jersey has broken some records. For the period of the first 48 hours after James…

After yesterday’s Islamic Revolutionary Guard Corps performance trying to attack an American military base in Jordan, on top of all the other attacks they’ve made, and all the things they’ve refused to say about a reopening of the Strait of Hormuz deal — these are radical Islamists who hate America,…

Lidl US is recalling a brand of shortbread cookies after discovering some packages distributed to its stores across nine states and the District of Columbia failed to disclose major food allergens. The voluntary recall covers Eridanous Shortbread Cookies with Chocolate Truffle Coating & Apricot Filling in 11.6-ounce (330-gram) boxes with…

President Donald Trump and Transportation Secretary Sean Duffy unveiled plans and renderings Wednesday for a $22.5 billion overhaul of Washington Dulles International Airport. The project — developed with the Metropolitan Washington Airports Authority and United Airlines — will add or renovate more than 5 million square feet at the airport,…

eBay Inc. on Tuesday agreed to pay roughly $50 million to a Massachusetts couple after former employees were accused of terrorizing the pair of bloggers — sending packages containing live cockroaches and spiders, a preserved fetal pig, a funeral wreath, a bloody pig Halloween mask and a book about surviving the…

Visa on Tuesday announced plans to cut 7% of its workforce, or about 2,600 jobs, as the payment processor moves forward with a push to operate more efficiently. The job cuts are expected to primarily affect technology and product teams.”I have deep conviction that we are doing what is right…