The U.S. economy's recent growth has a distinctive engine: large‑scale capital expenditures (capex) tied to artificial intelligence (AI). Firms such as Microsoft, Alphabet (Google), Meta Platforms, and Amazon have announced massive investments in data centers, servers,...
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Core wholesale prices rose less than expected in September; retail sales gain
The producer price index was expected to increase 0.3% in September, according to the Dow Jones consensus estimate.
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Consumer confidence hits lowest point since April as job worries grow
The board's Consumer Confidence Index slumped to 88.7, a drop of 6.8 points from the prior month for its lowest reading in seven months.
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FDIC Approves Relaxed Bank Leverage Rules
A U.S. bank regulator approved new final rules aimed at easing leverage requirements for banks, requiring firms to set aside less capital as a cushion against losses of low-risk assets.
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Consumer Confidence Slides on High Costs, Fewer Jobs
U.S. consumers were much less confident in the economy in November in the aftermath of the government shutdown and amid weak hiring and stubborn inflation.
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RNC Gives Thanks for Trump Dropping Egg, Gas Prices
Despite Democrats' political weaponization of affordability targeting the Trump administration, the RNC delivered a Thanksgiving-like message hailing President Donald Trump's work to bring down former President Joe Biden's "inflation is transitory" damage.
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