1782393839 full

The Fed’s preferred inflation gauge shows prices rising at fastest pace in 3 years

The Personal Consumption Expenditures index — the Federal Reserve’s preferred inflation measure — rose at a 4.1% annual rate in May, highlighting the central bank’s challenge in reining in prices. The reading matched economists’ forecasts for the PCE report to come in at 4.1% annually, according to financial data service FactSet. That compares with an…

Read More
ap26175637322496

Astronomers find 2 gigantic planets lighter than cotton candy: “Comparable to a nice blob of shaving foam”

Astronomers have uncovered a pair of giant planets that are lighter than cotton candy — super-puffs the size of Jupiter. The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy. That makes them the lightest known planets of their size, said the…

Read More
2026 06 25t100100z 89401464 rc2z0faoxpro rtrmadp 3 ibm chip

IBM unveils technology for chips it says pack performance leap and use much less power

IBM unveiled semiconductor technology Thursday that it says could deliver computer chips with 50 percent better performance while dramatically lowering power consumption. The technology developed by IBM isn’t ready for industrial use yet, but the Armonk, New York-based company said it “sees a path to production in as early as the next five years.” The…

Read More
gettyimages 1045811444

Democrats to propose bill capping out-of-pocket Medicare costs for enrollees

Sen. Ron Wyden and 14 Democratic co-sponsors plan to introduce legislation today to cap consumers’ potential out-of-pocket costs in traditional Medicare, resurfacing a long-running debate over why the program doesn’t limit beneficiary spending. Even the bill’s backers say securing passage this year is a long shot. But the effort is one more opportunity for Democrats…

Read More