Federal Reserve President Austan Goolsbee said Friday a mixed bag of inflation data this week coupled with lingering uncertainty over tariffs have given him some hesitation about lowering interest rates. Previously, Goolsbee has spoken of a “golden path” that would combine moderating inflation and a stable labor market and lead to lower rates. But in…
If your budget already feels tight, get ready for more pressure. Procter & Gamble, the company behind everyday household staples like Tide laundry detergent and Charmin toilet paper, just announced a price increase that will affect about 25% of its product line starting next month. In a recent earnings call, the consumer goods giant revealed…
Hershey, the maker behind Reese’s Peanut Butter Cups and other fan favorites, is preparing to raise candy prices again, and this time the hikes are steep. The company confirmed it will implement double-digit price increases across its confection lineup, citing the soaring costs of cocoa. A Hershey spokesperson explained that the move isn’t tied to…
U.S. Federal Reserve Chair, Jerome Powell and U.S. President Donald Trump. Annabelle Gordon | Kevin Lamarque | Reuters If President Donald Trump tries to fire Federal Reserve Chair Jerome Powell, it would almost certainly set off a courtroom battle that legal and policy experts say is bound to get messy, with uncertain impacts on the…
Todd Bridges is speaking out after watching a polygraph special that reopens questions about Gary Coleman’s death. The “Diff’rent Strokes” actor is now demanding answers from Coleman’s ex-wife Shannon Price, who recently failed key questions during an A&E lie detector test. On “Lie Detector: Truth or Deception,” aired July 10th, Price was grilled on allegations…
After nearly 30 years of trading under the Tomato Suspension Agreement, the U.S. is pulling out of the deal—and slapping hefty tariffs on Mexican tomatoes starting Monday. Domestic tomato growers have long complained that cheap Mexican imports have undercut their business, and the Department of Commerce has now hit back with tariffs ranging from 17% to…
US Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing on “The Federal Reserve’s Semi-Annual Monetary Policy Report” on Capitol Hill in Washington, DC on June 24, 2025. Saul Loeb | Afp | Getty Images Federal Reserve Chair Jerome Powell said Tuesday that the U.S. central bank would have eased monetary…
Federal Reserve Chairman Jerome Powell speaks at a news conference on June 18, 2025, in Washington DC, United States. Yasin Ozturk | Anadolu | Getty Images Federal Reserve Chair Jerome Powell heads to Capitol Hill this week, facing increasing pressure both from outside and inside the central bank to start the push for lower interest…
Gas prices in California could soar to $8 a gallon as two of the state’s largest refineries, Phillips 66 in the Los Angeles area and Valero’s Benicia facility, prepare to shut down operations by 2026. The closures are raising red flags over job losses, higher fuel costs, and long-term economic repercussions. “This is a tremendous…
Oil prices ease as market assesses Middle East tension Reuters US withdraws some diplomats and military families from Middle East amid Iran tensions CNN Trump partially evacuating Iraq embassy amid rising tensions with Iran The Independent U.S. shrinks presence in Middle East amid fears of Israeli strike on Iran The Washington Post US evacuates personnel from Middle East in…
