As Democrats face a presidential campaign against a resurgent and resilient Donald J. Trump and a brutally challenging Senate map, they believe they have an increasingly powerful political weapon: ballot measures protecting abortion rights. Two key presidential and Senate battlegrounds, Arizona and Nevada, are expected to put such measures squarely before voters. The same goes…
Inflation showed little sign of abating in March, with a key barometer closely watched by the Federal Reserve showing price pressures remaining elevated. The price index of personal consumption expenditures excluding food and energy rose 2.8% in March from a year earlier, the same as in February, the Commerce Department reported Friday. That was above…
A factory in Moses Lake, Washington, that closed in 2019 will soon resume shipping a key component used in most solar panels that has been made almost exclusively in China for years. Reviving the factory, owned by REC Silicon, could help achieve a long-standing goal of many American lawmakers and energy executives: restoring a full…
Agency emails show that the Bureau of Labor Statistics has shared more information about inflation with Wall Street’s “superusers” than was previously disclosed. The revelation is likely to prompt further scrutiny of how the government shares economic data at a time when such information is of great interest to investors. An economist at the agency…
Donald J. Trump, facing a cash crunch that puts him at a significant disadvantage compared to President Biden, dined Thursday evening with a small group of donors including hedge fund billionaire Robert Mercer and his daughter Rebekah, according to two people with knowledge of the event . Mr. Trump’s dinner companions also included entrepreneur Omeed…
The latest reading of the Federal Reserve’s most popular inflation gauge was in line with economists’ expectations, as price increases remained above the central bank’s target even after months of slowdown. The inflation measure of personal consumption expenditures rose 2.5 percent in February from a year earlier, according to a report released Friday by the…
[The stream is slated to start at 8:15 a.m. ET. Please refresh the page if you do not see a player above at that time.] The Commerce Department will release on Friday the February reading for the consumer spending price index, which the Federal Reserve considers its main measure of inflation. CNBC TV will offer…
Inflation rose as expected in February, likely putting the Federal Reserve on hold before it can consider cutting interest rates, according to a measure the central bank considers its more important barometer. The price index of personal consumption expenditures excluding food and energy rose 2.8% on a 12-month basis, up 0.3% from a month ago,…
Shoppers are seen at a Kroger supermarket in Atlanta on October 14, 2022. Elijah Nouvelage | AFP | Getty Images Rising gasoline prices are likely to undermine inflation in February and potentially reinforce the Federal Reserve’s decision to take a slow approach to interest rate cuts. Economists expect prices for a broad range of goods…
The chairwoman of the National Transportation Safety Board told a Senate committee Wednesday that Boeing was delaying providing some information to the agency as it investigates what led to a door panel coming off an Alaska plane during a January flight Airlines solved it. The official, Jennifer Homendy, told the Senate Commerce Committee that her…
