A cup of coffee is part of many morning routines, but at night farmers are working overtime to keep coffee safe from crime. Coffee prices are abnormally high with robusta bean futures surging 65% this year and the lucrative trade is attracting unwanted attention. A coffee farmers association in Uganda is reportedly urging farmers to hire…

After the Wednesday, Sept. 11, inflation report came in on target, markets are even more confident the Federal Reserve will cut its rate by 25 basis points following its policy meeting next week. In August, Fed Chair Jerome Powell said it was time for policy to adjust after an “unmistakable” weakening in the labor market.…

Inflation cooled for the fifth straight month in August at 2.5%, inching closer to the Federal Reserve’s target of 2%. But core prices, which strip out food and energy, stayed stagnant at 3.2%. Is it time for the central bank to adjust its core inflation target of 2%? The Federal Reserve has a dual mandate…

During the highly anticipated debate in Philadelphia between Vice President Harris and former President Trump, key economic issues like tariffs, inflation, and student loans were addressed. However, the rapidly growing national debt — now exceeding $35 trillion — was notably left out of the discussion. Forecasters estimate that Trump’s economic plan could increase U.S. deficits…

Consumer price inflation cooled for the fifth straight month in August at 2.5% annually, inching closer to the Federal Reserve’s target of 2% inflation one week before the central bank’s next rate decision. Monthly prices rose 0.2% from July, according to data released by the Bureau of Labor Statistics Wednesday, Sept. 11. Core inflation, which…

We recap the first presidential debate between Vice President Kamala Harris and former President Donald Trump. And SpaceX launches four private citizens into space for one historic mission. These stories and more highlight The Morning Rundown for Wednesday, Sept. 11, 2024. Kamala Harris, Donald Trump go on the attack in presidential debate Former President Donald…

Apple revealed its new iPhone on Monday, Sept. 9, fit with artificial intelligence and cameras that just keep getting better. The iPhone 16 even has a camera control button on the edge. Sales start this month, but how many Americans will be racing to get the latest gadget? Sixty-three percent of Americans said they would…

We’re just hours away from the first presidential debate between former President Donald Trump and Vice President Kamala Harris. And we look back on the legendary career of actor James Earl Jones. These stories and more highlight The Morning Rundown for Tuesday, Sept. 10, 2024. Trump, Harris prep for first presidential debate tonight Vice President Kamala Harris and…

Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection. In its filing with a Delaware bankruptcy court on Monday, Sept. 9, Big Lots lists its assets and liabilities in the range of $1 billion to $10 billion. As part of the Chapter 11 process, Big Lots stores and its website will remain open…

The White House announced what it describes as the largest investment in rural electrification since the 1930s. President Joe Biden unveiled plans to provide more than $7.3 billion in financing to rural electric cooperatives across 23 states. These funds will support the generation of clean energy for approximately 5 million people, benefiting 20% of the…