1787750624 gettyimages 1404294212

July PCE inflation index held at 3.7% annual pace, slightly hotter than expected

The Personal Consumption Expenditures index — the Federal Reserve’s preferred inflation measure — held at a 3.7% annual pace in July, slightly higher than forecasted and reflecting persistent cost pressures for consumers. Economists polled by FactSet had predicted a 3.6% annual increase. Wednesday’s report instead showed that inflation remained unchanged from June. PCE tracks changes…

Read More
gettyimages 2287623195

What the fires burning near Bordeaux’s vineyards could mean for France’s wine industry

As France battles what President Emmanuel Macron called the country’s worst wave of wildfires since World War II, there is also concern about the impact on one of the nation’s most prized industries. For generations, wine-making has been deeply woven into French culture and heritage. Now, winemakers and enthusiasts are worried about the economic impact…

Read More
kawa

In the unbridled online marketplace for peptides, one vendor is sentenced to nearly 6 years in prison

SOUTH BEND, Ind. – A federal judge on Thursday sentenced the owner of a peptide company to nearly six years in prison after finding he built a massive business by deceiving customers and selling products that were adulterated with steroids. Matthew Kawa, who ran Paradigm Peptides, pleaded guilty last year to selling unapproved drugs and illegally…

Read More