Elon Musk’s super PAC disclosed Wednesday that it spent over $800,000 last month to help Republican Senate and House candidates in competitive races, the bulk of it in Texas and Maine, where Republicans are defending Senate seats. The August spending by America PAC is likely just the opening salvo for the world’s wealthiest person, who spent hundreds…
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…
LAHORE: Jamaat-i-Islami Pakistan (JI) has decided to intensify its campaign against the petroleum levy and inflation, announcing simultaneous sit-ins in all four provincial capitals on August 16 to press the government to withdraw the levy. The decision was taken after extensive deliberations at a special meeting of JI’s central and provincial office-bearers, chaired by party…
Shares of SpaceX tumbled on Wednesday despite reporting strong revenue growth in its first public quarterly earnings report, as investors questioned the rocket maker’s accelerating investment in artificial intelligence. SpaceX shares tumbled $10.06, or 8%, to $115.27 in early afternoon trading on Wednesday. Investors are worried that the company’s massive investments in artificial intelligence won’t be enough…
The Consumer Price Index rose 2.4% in January from a year ago, below economists’ forecasts and a sign that price pressures across the U.S. are easing. By the numbers The CPI was expected to rise 2.5% on an annual basis last month, according to economists polled by financial data firm FactSet. The January CPI represents…
During President Trump’s second term, Republicans have escalated their attacks on hard-to-trace fundraising methods used by left-leaning groups. Now, those efforts could force more disclosure for a project linked to Mr. Trump himself: Freedom 250, the entity behind America’s 250th birthday celebration. When the Trump administration set out to plan events for America’s 250th anniversary,…
