More from Simone Del Rosario
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Thanksgiving dinner will cost less for the second year despite bird flu
Inflation has been a major topic of discussion in recent years. While the rise in grocery prices has slowed down to a 1% increase over the last 12 months, the price of Thanksgiving dinner fell for the second straight year. A Thanksgiving meal for 10 people will cost $58.08 in 2024, or $5.81 per person,… -
Republicans feel good about the economy now that Trump has won
For the first time in four years, Republicans are feeling good about the economy. Economically speaking, only one thing has changed. There’s a distinct difference in reports of consumer confidence along political lines since President-elect Donald Trump was declared the winner of the presidential election. The latest consumer sentiment survey from the University of Michigan out… -
Bitcoin closes in on $100K amid Trump’s vow to support crypto industry
Bitcoin is setting the stage for its biggest milestone to date. The world’s most popular cryptocurrency is poised to cross $100,000 very soon as it continues to benefit from the election of Donald Trump. Bitcoin has doubled in price since the start of the year. But it’s the 45% surge in the two weeks since… -
Senators seek to protect minor league baseball pay with Fair Ball Act
Sen. Dick Durbin, D-Ill., introduced new legislation Wednesday, Nov. 20, aimed at strengthening pay protections for minor league baseball players. The Fair Ball Act would pair back an exemption in the Save America’s Pastime Act (SAPA) that allows Major League Baseball to avoid wage and overtime laws. The proposed act would allow SAPA’s wage exemption… -
Biden’s DOJ wants to break up Google, here’s where Trump stands
The U.S. government under President Joe Biden wants to break up Google. But will the same hold true when the White House changes hands in January? Back in August, a federal judge ruled Google illegally maintained a monopoly in internet search. This gave the Department of Justice a major antitrust victory in a case that… -
How Trump 2.0 could change the landscape of Big Tech antitrust
With two months until President-elect Donald Trump’s inauguration, his policy plans are clear in many areas. But what do the next four years of antitrust regulation look like after the Biden administration’s aggressive enforcement? Unlike trade, immigration and energy policy, it’s not expected that Trump’s goal is to undo the previous administration’s work. And a… -
Progress or poverty? Patience running out for Argentina’s Milei 1 year in
Javier Milei promised pain for the people of Argentina, and they elected him president anyway, with the highest share of votes since Argentina’s return to democracy. One year removed from his resounding victory, are Argentines already running out of patience with Milei? He’s still the most popular political leader in the inflation-ravaged nation, but popularity is… -
DOJ to squeeze Google to sell Chrome to bust search monopoly: Report
The federal government is seeking to break up a tech giant for the first time in more than two decades. Antitrust officials are preparing to ask a federal judge to force Google to sell its Chrome operating system, according to a report from Bloomberg. Judge Amit Mehta ruled in August 2024 that Google monopolized the… -
Trump’s transition team tussles over choice for top economic post
It’s the most important pick for President-elect Donald Trump’s economic agenda. Now it appears Trump is having second thoughts about his treasury secretary options. The Treasury secretary acts as the president’s closest economic advisor and is fifth in the presidential line of succession. The person who holds this cabinet post will play a key role… -
18 GOP-led states take legal action against SEC’s crypto crackdown
A group of Republican-led states is suing the U.S. Securities and Exchange Commission for constitutional overreach when it comes to cryptocurrency. The agency and current SEC Chair Gary Gensler have been a target of President-elect Donald Trump and other Republicans, especially since Trump’s embrace of crypto on the campaign trail this year. “On day one, I… -
Argentina’s Milei becomes first world leader to meet Trump since election
President-elect Donald Trump met with self-described “anarcho-capitalist,” Argentine President Javier Milei, during an event Thursday, Nov. 14. The meeting of the populist politicians was Trump’s first in-person meeting with a world leader since last week’s election. The two spoke briefly at the America First Policy Institute gala at Trump’s Mar-a-Lago resort in Palm Beach, Florida.… -
Trump 1.0’s China tariffs didn’t result in high inflation. Why 2.0 is different.
Annual consumer price inflation in October heated up a hair at 2.6%, bringing concern disinflation may have stagnated too far away from the Federal Reserve’s 2% target. In September, consumer prices rose 2.4% on an annual basis. Bank of America economists said ahead of Wednesday’s report, “Inflation is moving sideways after a period of substantial… -
Inflation heats back up to 2.6% as housing drives consumer price increase
Consumer price inflation heated up slightly in October 2024, coming in at 2.6% annually, compared with 2.4% in September. Monthly prices rose 0.2% from September, according to data released by the Bureau of Labor Statistics Wednesday, Nov. 13. Core inflation, which removes more volatile food and energy prices, rose 3.3% annually and 0.3% compared with…