Simone Del Rosario
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Will Trump really lower your grocery bill? Most Americans doubt it
President-elect Donald Trump said he won the presidency on the promise he would lower the cost of groceries. But days before he takes the oath of office, most Americans remain skeptical he can deliver on that promise. More than three in five Americans are slightly or not at all confident Trump will lower the cost… -
John Deere blames politics for FTC lawsuit on farmers’ right to repair
The Federal Trade Commission has filed a lawsuit against John Deere, accusing it of boosting profits by forcing farmers to use authorized dealers for repairs. But the tractor giant called the lawsuit “meritless,” and pointed out it was filed in the final days of the outgoing Biden administration. The FTC, along with Illinois and Minnesota,… -
How Trump’s tariffs on day one might impact car prices and auto industry
The automotive industry is bracing for Monday, Jan. 20, when President-elect Donald Trump is sworn in. Back in November 2024, he promised to place 25% tariffs on neighboring Canada and Mexico as one of his “many first executive orders.” “Think about this, 70% of all the auto parts we make in Michigan go directly to… -
‘Big 3’ pharmacy benefit managers marked up drugs by $7.3B: FTC
The nation’s three largest pharmacy benefit managers (PBMs) made significant markups to “lifesaving” medications at pharmacies they owned, the Federal Trade Commission said Tuesday, Jan. 14. The preliminary report comes as PBMs face increased scrutiny and bipartisan legislation to rein them in. The “Big 3” pharmacy benefit managers marked up generic drugs filled by their… -
Inflation rises 2.9% in 2024 as consumer prices heat up heading into 2025
Inflation continued to head in the wrong direction in December. Consumer prices rose 2.9% on the year, hotter than the 2.7% rise in November. On the month, prices rose 0.4%, the highest monthly rise since February. In November, prices rose 0.3%. It’s the third month in a row the key inflation gauge rose. It’s now… -
Nvidia criticizes Biden over his new AI chip rules, praises Trump
The second most valuable company in the world is taking aim at President Joe Biden, while at the same time praising President-elect Donald Trump. Nvidia’s criticism is in response to Biden’s last minute export controls on AI chips. Nvidia’s Vice President of Government Affairs Ned Finkle called the new rules “misguided” and “sweeping overreach” in… -
Apple pushes back against pressure to end DEI policies
At least one Big Tech company is pushing against pressure to roll back policies on diversity, equity and inclusion, also known as DEI. Apple’s board is recommending investors reject a proposal to cease DEI efforts at the company. Rebuffing calls to unwind DEI would go against a recent trend seen in tech. Meta announced during… -
China floats Elon Musk as possible future owner of US TikTok: Report
Chinese officials are weighing options for TikTok as the popular short-form video app faces an outright ban in the U.S. on Jan. 19. One possible option they are discussing is selling its U.S. operations to X owner Elon Musk, according to a report from Bloomberg. The Chinese government would “strongly” prefer TikTok’s parent company, ByteDance,… -
The largest nuclear power plant operator in US to buy major natural gas producer
Constellation Energy, the largest nuclear power plant operator in the U.S., has announced its $16.4 billion acquisition of Calpine Corp., a private power company. The deal, one of the biggest in the nation’s energy sector, highlights the growing demand for electricity driven by data center operations. Goldman Sachs projected that power demands from data centers… -
Meta kills DEI programs in its latest appeal to Trump
Meta is ending its diversity, equity and inclusion programs effective immediately in the company’s latest swing away from traditionally left-leaning causes. The company announced the policy change in an employee memo first reported by Axios. “The legal and policy landscape surrounding diversity, equity and inclusion efforts in the United States is changing,” the memo reads.… -
Total estimated cost of California wildfires triples to $150 billion as blazes rage on
The estimated total cost of the destructive southern California wildfires has nearly tripled as first responders struggle to contain the largest blazes. The economic toll could reach $135 billion to $150 billion, according to experts at AccuWeather, up from their previous high estimate of $57 billion. “Hurricane-force winds sent flames ripping through neighborhoods filled with… -
US economy wows with 256,000 jobs added in December, more than expected
The U.S. economy added 256,000 jobs in December, roughly 100,000 jobs more than expected. The unemployment rate ticked down to 4.1% from November’s 4.2%. December’s jobs figure was even higher than November’s 212,000, which experts said was skewed higher by people returning to work from strikes and hurricanes. December’s Labor Department’s report appeared to be… -
California wildfires causing $57 billion in damage as providers canceled insurance
The devastating southern California wildfires could cause between $52 billion and $57 billion in economic losses, according to experts at AccuWeather. But homeowners affected have unique insurance factors in play as they try to put their lives back together. In the months leading up to the disaster, many affected homeowners lost their original insurance coverage.…
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Justice Department suing Walgreens over millions of opioid prescriptions
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How a Vivek Ramaswamy run for Ohio governor could jeopardize DOGE
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Bernice King speaks on her father's legacy on MLK Day
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AP Images
Trump expected to sign executive orders shortly after swearing-in
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Reuters
Israel-Hamas ceasefire takes effect in Gaza
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