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…

In the days since Donald Trump became president-elect, markets have been breaking records. Cryptocurrency stalwart Bitcoin is on a tear. But how did Trump go from saying, “It seems like a scam,” to being a catalyst for huge growth? When it comes to markets, the Dow Jones Industrial Average is up roughly 6%, while the…

The U.S. Justice Department unsealed criminal charges Friday, Nov. 8, showing a foiled Iranian plot to kill President-elect Donald Trump before the 2024 election. A criminal complaint reveals that an official in Iran’s Revolutionary Guard ordered the surveillance and eventual assassination of Trump in September. The assassination attempt comes as Iran faces growing internal turmoil,…

San Francisco has elected a new mayor, Levi Strauss heir Daniel Lurie, ousting incumbent Mayor London Breed. Lurie, the founder of the San Francisco anti-poverty organization Tipping Point Community, won 56% of the vote, while Breed trailed with nearly 44%. Lurie’s foundation focuses on fighting poverty and funding solutions to address it across the Bay…

Federal Reserve Chair Jerome Powell is standing his ground. In as few words as possible, a defiant Powell made clear he’s not budging from his chair when President-elect Donald Trump is back in office. “No,” is all Powell said when asked a reporter asked if he would resign if Trump asked him to leave. His…

President-elect Donald Trump made an extraordinary political comeback, once again outperforming poll expectations for the third election in a row. His messaging on the economy and immigration resonated with a majority of voters. Vice President Kamala Harris, whose messaging also addressed housing, immigration and the costs of living, warned that Trump was too polarizing and…

The Federal Reserve continued its rate-cutting campaign Thursday, Nov. 7, marking the first policy decision since the 2024 presidential election. The central bank shaved off another 25 basis points from the federal funds rate, in line with expectations. The latest decision sets the benchmark interest rate between 4.5%-4.75%, down from 4.75%-5%. This marks the second…

The clean energy sector is in the midst of reacting to President-elect Donald Trump’s return to the White House. Experts suggest that while his administration may slow the growth of renewable power infrastructure throughout the U.S., it will not be able to stop its proliferation altogether. This is in part because the Inflation Reduction Act…

The U.S. dollar fell Tuesday, Nov. 5, as voters headed to the polls and investors hedged for a potential Kamala Harris victory. Investors think the dollar would weaken in a Harris economy and strengthen in a Donald Trump-led economy. In October, the dollar swelled on odds that former President Trump would win the presidency. But…

A coalition of more than 100 community groups accused Parisian authorities on Monday, Nov. 4, of removing nearly 20,000 people including 4,500 minors from shelters and tents to make way for the 2024 Olympic Games in Paris on Monday, Nov. 4. The advocacy coalition is now calling for the Olympic hosting model to be reevaluated…