PCE data shows another drop in the Fed’s preferred inflation gauge

PCE data shows another drop in the Fed’s preferred inflation gauge

font size The Fed is closely monitoring labor market tightness as a barometer of the health of the US economy. Above, a Chick-fil-A worker in Texas. Brandon Bell/Getty Images The Federal Reserve’s preferred measure of inflation rose 4.4% a year in December, up from 4.7% in November. attitude. The core personal consumption price index (PCE), … Read more

Wagner group: US introduces new sanctions against Russian mercenary group

Wagner group: US introduces new sanctions against Russian mercenary group

CNN — The US Treasury Department on Thursday designated the Wagner Group, a Russian private mercenary organization heavily involved in the war in Ukraine, as a major transnational criminal organization, imposing a slew of sanctions on a transnational network that supports it. The U.S. State Department simultaneously announced a number of sanctions designed to “target … Read more

McDonald’s, In-N-Out and Chipotle are spending millions blocking pay raises for their employees

McDonald’s, In-N-Out and Chipotle are spending millions blocking pay raises for their employees

New York CNN — California voters will decide next year on a referendum that could overturn a groundbreaking new state law that sets working conditions and minimum wages of up to $22 an hour for fast food workers in the nation’s largest state. Chipotle, Starbucks, Chick-fil-A, McDonald’s, In-N-Out Burger and KFC owner Yum! Brands donated … Read more

Tesla’s earnings were good. Guidance is okay. Stocks are higher.

Tesla’s earnings were good.  Guidance is okay.  Stocks are higher.

Font size Tesla reported earnings per share of $1.19 on revenue of $24.3 billion in the fourth quarter. Anna Moneymaker/Getty Images Tesla has posted solid fourth quarter numbers, but investors will want to hear more about demand and profit margins later tonight. Tesla (ticker: TSLA) reported fourth-quarter earnings per share of $1.19 on revenue of … Read more

Germany approves long-awaited delivery of Leopard 2 tanks to Ukraine as US finalizes plans to send Abrams

Germany approves long-awaited delivery of Leopard 2 tanks to Ukraine as US finalizes plans to send Abrams

CNN — Germany confirmed it will send a long-requested contingent of Leopard 2 tanks to Ukraine as a major sign of support for Kiev, which is expected to be matched by the United States. The announcement by Chancellor Olaf Scholz on Wednesday, coupled with an expected US decision to send about 30 M-1 Abrams tanks … Read more

Der Spiegel reports that Germany is ready to send Leopard 2 tanks to Ukraine

Der Spiegel reports that Germany is ready to send Leopard 2 tanks to Ukraine

CNN — Germany plans to send its sought-after Leopard 2 tanks to Ukraine to bolster the country’s war effort, Der Spiegel reported Tuesday night, according to unnamed sources. German Chancellor Olaf Scholz has decided to deliver the main battle tanks after “months of discussion,” the German news outlet’s exclusive report said. The German parliament will … Read more

DOJ is suing Google for its dominance in the online advertising market

DOJ is suing Google for its dominance in the online advertising market

CNN — The Justice Department and eight states sued Google on Tuesday, accusing the company of harming competition with its dominance of the online advertising market and calling for its split. The move marks the Biden administration’s first blockbuster antitrust case against a Big Tech company. The eight states joining the lawsuit are California, Colorado, … Read more

Recently identified inflammatory disease VEXAS syndrome may be more common than thought, study suggests

Recently identified inflammatory disease VEXAS syndrome may be more common than thought, study suggests

CNN — David Adams battled a disease he couldn’t name for half a decade. He was in and out of the hospital several times a year. His inflamed joints made his hands feel as if they had been squeezed into gloves – and he could no longer play his beloved classical and jazz guitars. He … Read more

Julian Sands’ family praises the “heroic” search efforts to find the missing actor

Julian Sands’ family praises the “heroic” search efforts to find the missing actor

CNN — The family of missing British actor Julian Sands has thanked California’s “heroic” search teams for their efforts to locate him as crews search Mt. Continue to search Baldy area. The 65-year-old, best known for his roles in films “A Room with a View” and “Arachnophobia,” was first reported missing on Jan. 13 after … Read more

Aid to Ukraine: Michael McCaul says some members don’t understand what is at stake in Ukraine

Aid to Ukraine: Michael McCaul says some members don’t understand what is at stake in Ukraine

Washington CNN — The Republican chairman of the House Foreign Affairs Committee on Sunday sought to quell speculation that the new GOP majority will be less inclined to fund aid to Ukraine in its war against Russia, though he suggested that some members of his party may need to be convinced of the need to … Read more