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Prices barely climbed in April, pulling the annual rate of inflation down toward the Federal Reserve’s two percent target, even while personal income climbed at a rapid rate. The personal consumption price index climbed 0.1 percent in April, the second month in a row in which consumers got relief from inflation that had plagued the economy throughout the Biden administration. In March, the index showed prices were flat. Compared with a year ago, prices are up just 2.1 percent. That just one-tenth above the two percent rate of inflation the Fed says it targets. In March, prices were up 2.3...

Inflation fell to zero in March, a welcome reprieve after persistent inflation under President Biden and the best reading in nearly five years, even as consumer spending accelerated sharply and incomes rose solidly — a powerful signal of economic improvement at the start of the Trump administration. The Federal Reserve’s preferred inflation gauge, the personal consumption expenditures (PCE) price index, was flat in March, according to data released Wednesday by the Bureau of Economic Analysis. Core PCE — which strips out food and energy — was also unchanged, marking the tamest monthly inflation reading since early 2020. Compared with a...

Two Russian colonels are reported to have fallen out of windows in the space of two days, adding to a growing list of high-ranking officials who have died in mysterious circumstances since Vladimir Putin's war in Ukraine began. Artur Pryakhin, 56, the head of a regional branch of Russia's Federal Antimonopoly Service (FAS) in the Republic of Karelia, died after falling from a fifth floor window of an office building at around noon on February 4. Local authorities said he left a suicide note in his office in which he apologized to his wife, asked his loved ones for forgiveness,...

Consumer prices rose 0.2 percent in July following two straight months of flat or declining prices, the Labor Department reported Wednesday. The consumer price index (CPI) also slowed to a 2.9 percent annual increase in July, down from 3 percent in June, falling below 3 percent for the first time since March 2021. The latest inflation reading comes as the Federal Reserve gears up for long awaited interest rate cuts ahead of the upcoming election, and at a moment of economic anxiety as the unemployment rate has started to tick up. Borrowing costs have remained at a 23-year high since...

Consumer prices rose 3.1 percent over the past year and 0.3 percent in January, according to data released Tuesday by the Labor Department. The annual inflation rate fell from 3.4 percent in December while monthly price growth accelerated slightly from a 0.2-percent rate last month. Economists expected the annual inflation rate to fall to 2.9 percent and monthly inflation to come in around 0.2 percent, according to consensus estimates. The January inflation decline is the latest sign of the U.S. economy holding up better than many experts expected with just nine months until the November elections.

An astonishing new image shows the moment the $300k Bentley involved in the Niagara Falls checkpoint explosion soared through the air moments before combusting. US police said on Thursday they were still investigating the fiery crash on the bridge linking New York state and Ontario the day before. The dramatic fireball incident at 11.29am Wednesday sparked a security scare and the closure of four US-Canadian border crossings on the day before Thanksgiving. A new image which emerged on X, formerly known as Twitter, shows the luxury motor twisting sideways as it hurtled through the air at break-neck speed. It was...

Just call him Jo-slip Biden. President Biden, 80, slipped and nearly tumbled down a 14-step staircase while exiting Air Force One on Tuesday — just hours after it was revealed that the commander-in-chief is working with a physical therapist and using shorter stairs to avoid further trip-ups. The near-miss occurred moments after Biden touched down at the Detroit Metro Airport, where he was greeted by United Auto Workers president Shawn Fain, Michigan Lt. Gov. Garland Gilchrist and US Reps. Debbie Dingell, Rashida Tlaib and Shri Thanedar, all Michigan Democrats, the clip shared by radio reporter Alex McLennon shows. Despite the...

For the entirety of his 2020 presidential campaign and the 28 months of his presidency, Joe Biden has been a sick man. During the campaign, he was so feeble that his political handlers kept him locked in the basement.

President Biden’s onstage tumble at the U.S. Air Force Academy made headlines around the world. But he’s far from the only world leader or political candidate who has taken a highly visible fall. From Chinese leader Xi Jinping (whose 2019 slip commentators dubbed the “great fall of China”) to Gerald Ford (whose fall while disembarking Air Force One in 1975 was the subject of late-night comedy skits) and other politicians around the world, trips and tumbles are fodder for laughs, cringes — and hot takes. (snip) Trump, as president, looked unsteady on his feet at the U.S. Military Academy at...

New home construction fell again last month as soaring interest rates continued to weaken demand in the housing market. Housing starts declined by 4.2 percent from September to 1.43 million units, according to Census Bureau data released on Thursday. The number of new building permits issued in October also fell from the previous month, dropping by 2.4 percent to 1.53 million. “Both starts and permits fell behind September levels and behind levels from one year ago,” Zillow senior economist Nicole Bachaud wrote in an analysis. “As the current affordability crisis burns on, builders are feeling demand for new homes slipping...

Bed Bath & Beyond Inc. BBBY, -26.80% shares sank 17.1% in Thursday premarket trading after the retailer reported fiscal second-quarter profit and sales that missed expectations and gave guidance below Street consensus. Net loss totaled $73.2 million, or 72 cents per share, after net income of $217.9 million, or $1.75 per share, last year. Adjusted EPS of 4 cents was well below the FactSet consensus for 52 cents. Sales of $1.985 billion was down from $2.688 billion in 2020 and below the Factset consensus for $2.059 billion. Comparable sales fell 1%, which the company attributed to a decline in August...

The U.S. added 943,000 jobs in July as a summer rush of travel and recreation spending powered the economy through surging coronavirus cases, the Labor Department reported Friday. The unemployment rate fell to 5.4 percent in July from 5.9 percent last month, according to the monthly jobs report, as employment growth exceeded the 850,000 consensus job gain projected by economists. The U.S. was expected to see another strong month of job growth as consumers spent the summer enjoying activities restricted by the coronavirus pandemic.

Federal data on causes of death in America show that, as recently as 2018, falling accounted for at least 126 times as many fatalities as rifles of any kind — an inconvenient fact for Democrat lawmakers who are currently demanding a new round of nationwide gun controls. Centers for Disease Control and Prevention’s (CDC) 2018 National Vital Statistics show 37,455 people died from unintentional falls throughout the year. The same CDC data shows unintentional firearm deaths for 2018 came in at 458, which means accidental death by falling was about 82 times more likely than accidental death via any kind...

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After reporting loss in airlines and liquidation of airline holdings, BRK.A down as much as 2.95% today (over $8,000 per share).

Stocks cratered Monday as investors grappled with the sinking price of oil and the spread of the coronavirus.The Dow Jones Industrial Average tanked 2,043 points, or 7.9%, on pace for its worst day since December 2008. The S&P 500 plunged 7.5%. The massive sell-off triggered a key market circuit breaker minutes after the opening bell. Trading was halted for 15 minutes until reopening at 9:49 a.m. ET.  The sharp declines followed a roller-coaster week that saw the S&P 500 swing up or down more than 2.5% for four days straight. While Monday’s drop was significant, it still didn’t crack the 20 worst days for the S&P...

Gobright was best known for free soloing, or climbing without any safety gear, but at the time the two were rappelling, a technique using ropes. Climbers descend a rock face by using a doubled rope coiled around the body but the method is described by experts as one of the most common causes of deaths in the sport. "We started rapping," Mr Jacobson told the Outside website. "I was a bit above him. I was on the left. He was on the right. Then all of a sudden, I felt a pop, and we started dropping."

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I-4 Ultimate’s promise five years ago was that private financing and management would make Florida’s largest road reconstruction project better, faster and cheaper. Today, the 21-mile and $2.3 billion rebuilding of Interstate 4 through metro Orlando is slogging through rising costs to an uncertain finish date, with crews working day and night under the pall of repeated worker fatalities. Some of the issues: - The fifth death of a construction worker last month that preliminary findings say would have been avoidable with a more cautious approach to bridge building that SGL Constructors made mandatory this month. - Construction consortium I-4...