Former President Donald Trump and Vice President Kamala Harris are locked in what promises to be a tight presidential race, with the economy, as usual, taking center stage. In recent speeches, Trump outlined his economic plans, while Harris is set to reveal her own agenda, including a proposed federal ban on price gouging of food…

Hurricane Ernesto intensified into a Category 2 storm and could strengthen even more on its way to Bermuda. And following the assassination attempt, the Secret Service plans to add additional security measures for former President Donald Trump’s outdoor rallies — including bulletproof glass. These stories and more highlight The Morning Rundown for Friday, Aug. 16, 2024.…

The U.S. Department of Energy (DOE) announced a $50 million investment on Thursday, Aug. 15, to assist small- and medium-sized auto suppliers in adapting their manufacturing facilities for electric vehicles (EVs). This initiative spans across six different states. It aims to support suppliers in transitioning from conventional vehicle parts production to those required for the…

Vice President Kamala Harris wants to create a federal ban on food price gouging and lower the cost of housing and medicine. It’s all part of an economic plan she’ll formally announce in North Carolina on Friday, Aug. 16. The details on how she’ll accomplish these goals are less clear.  For instance, on food prices,…

The majority of voters say the economy and immigration are their top issues, according to a new YouGov poll. However, one pollster is now questioning the weight these issues will have on a person’s vote: Will a voter choose their candidate based on policy or personality? The YouGov poll shows 54% of voters say the…

The rapid progress of artificial intelligence is predicted to upend markets, kill and create jobs, and remake entire economies. Optimists say that AI might enable humans to spend more of their time on family, friends, travel and art, or switch to a four-day workweek, take more vacations, and so on. On the other hand, pessimists…

Both vice presidential candidates, Sen. JD Vance, R-Ohio, and Gov. Tim Walz, D-Minn., are preparing to face off in their first possible debate, scheduled for Oct. 1. This comes after CBS News proposed four potential dates for the debate: Sept. 17, Sept. 24, Oct. 1 and Oct. 8. Walz was quick to confirm his participation,…

President Joe Biden and Vice President Kamala Harris will make their first trip together since the president dropped out of the 2024 race. And Columbia University’s president becomes the latest Ivy League leader to step down following concerns of antisemitism on college campuses. These stories and more highlight The Morning Rundown for Thursday, Aug. 15, 2024. Biden,…

The Federal Reserve is giving no credence to calls for emergency rate cuts or panic over the labor market or stock market since July’s disappointing jobs report. Following signals that inflation continues to ease, all signs point to a September rate cut, though there is a lot of data to be released between now and…

Following the latest jobs report that showed a weakening labor market, consumer prices rose by less than 3% on an annual basis for the first time since March 2021. Given the Federal Reserve’s dual mandate of price stability and maximum employment, one is coming into focus while the other is slipping away. How to interpret…