Fed chair Jerome Powell: Rate hikes could lead to more job losses
CNN
Federal Reserve Chairman Jerome Powell told lawmakers on Thursday that aggressive interest rate hikes designed to tame inflation could lift unemployment.
Powell said that although it's "certainly possible" to get inflation under control without causing job losses, that may not be the case.
Trump’s affordability denialism of 2025 has transitioned into intense, rapid-fire action, with policy announcements that could address the high cost of food, electricity, housing, credit card rates, medicine and gasoline among other things.
Stocks in Europe fell Tuesday and US stocks were set to open lower as investors continued to digest President Donald Trump’s clash with European leaders over ownership of Greenland.
New solid-state air conditioners could change the way homes, apartments and office buildings are cooled, eliminating the need for bulky compressor-type air conditioners and help meet the rising demand for cooling systems while providing for sustainably.
President Donald Trump threatened Saturday to impose new 10% tariffs on imports from several European countries. It could unravel months of progress made during trade negotiations settled after Trump’s trade war last year.
A version of this article first appeared in the Reliable Sources newsletter. You can sign up for free right here.
Tech giants are in a heated race to build data centers and dominate the AI landscape. But America might not be ready for the energy demand.
With our homes and lives swarming with AI-powered devices, assistants and chatbots, a backlash is brewing.
President Donald Trump purchased up to $2 million in Netflix and Warner Bros. Discovery investments days after the announcement of a megadeal between the two media giants, among other purchases, according to a financial disclosure from the White House, renewing questions from ethics experts around potential conflicts of interest.
ChatGPT may soon serve up ads for products it thinks you’d like to buy.
Dos Equis is reviving its famous “The Most Interesting Man” advertising campaign after a decade in an effort to turn around the beleaguered brand.
The Trump administration and a consortium of governors from northeastern states are asking PJM, the country’s largest electrical grid operator, to hold a power auction as part of an effort to make technology giants pay for surging power costs from new data centers.
President Donald Trump’s proposal for a one-year, 10% cap on credit card interest rates has struck a chord in debates about affordability — and set up a potential clash with Wall Street.
The end of production for the Nissan Versa means there are no new cars priced under $20,000 — a blow to some Americans who may find themselves priced out of the market.