Treasury Secretary Scott Bessent says he isn’t in the business of giving the Fed marching orders, but his view that a neutral interest rate would be 150 basis points below the current level has fueled speculation over how soon and how far rates could be cut. “I didn’t tell the…

Wholesale inflation increased much more than expected in July, raising concerns about a resurgence of inflationary pressures in the economy.  The Bureau of Labor Statistics on Thursday released the producer price index (PPI) for the month of July, which showed an increase of 0.9% from the prior month and 3.3% from…

Treasury Secretary Scott Bessent on Thursday outlined the qualities he is seeking as he vets candidates from President Donald Trump’s shortlist to lead the nation’s central bank. “I want to see people who are forward-looking, not backward-looking on regulation,” Bessent said in an interview on FOX Business’ “Mornings with Maria,”…

Postseason baseball is unlike any of the 162 games played by an MLB team – every pitch, every hit and every moment matters that much more.  It’s peak intensity on a baseball diamond come October, but the race to earn a spot in the postseason has already begun across the…

Social Security marks its 90th anniversary on Thursday, and the longstanding safety program is facing projections of insolvency in less than a decade, while a new report shows the cost of stabilizing the program could cost young taxpayers over the course of their careers. Social Security’s two main trust funds…

Four minutes or less. That is how long the Starbucks chief executive officer would like for it to take from order to drink in hand.  The new operating model is called “Green Apron Service,” according to WGN. Starbucks CEO Brian Niccol said he believes it needs to become “the world’s greatest…

Philips is investing more than $150 million toward U.S. manufacturing and research and development with the goal of expanding the production of AI-powered health technology innovations.  While it’s far from the company’s first investment in its domestic operations, it aligns with the Trump administration’s goals of boosting domestic manufacturing and…

Amazon announced Wednesday it is expanding its same-day delivery service to include thousands of perishable food items, marking the retail giant’s latest move to compete with delivery options available through Walmart+ and Instacart. Shoppers in more than 1,000 cities and towns across the U.S. can now include fresh groceries —…

President Donald Trump told reporters on Wednesday afternoon that he has narrowed down the list of potential successors to Federal Reserve Chairman Jerome Powell to “three or four” candidates and intends to announce his decision earlier than planned. “I think I’ll name it a little bit early – the new…

Geoffrey Hinton, one of the most prominent figures in the world of artificial intelligence, is sounding the alarm that machines could soon outthink humans, and he’s advocating for “maternal instincts” to be built into advanced systems to ensure AI cares for and protects people. Hinton believes artificial general intelligence, a…