Federal Reserve Chairman Kevin Warsh reaffirmed the central bank’s commitment to lowering consumer prices, acknowledging that inflation remains too high in a highly anticipated speech in Jackson Hole, Wyoming. During remarks at the Fed’s annual conference, Warsh said that recent government data shows inflation has cooled, but “they do not tell me that underlying trends…
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…
Rio de Janeiro — Discord, the popular platform for gamers to communicate online, said Monday that it had suspended livestreams in Brazil after criticism that it failed to protect children and adolescents. The move came in the wake of a suicide case. Brazil’s government, under President Luiz Inácio Lula da Silva, and the country’s Supreme…
Washington — The Department of Government Efficiency’s infamous “Wall of Receipts” listing billions of dollars DOGE said it saved was riddled with inaccuracies and unsubstantiated claims, a congressional watchdog found. A Government Accountability Office report released Thursday confirmed previous reporting from CBS News and other news outlets that found the DOGE team’s updating “Wall of…
An artificial intelligence model that was being tested by OpenAI went rogue and hacked the AI company Hugging Face on its own, in an apparent first-of-its-kind incident that has fueled discussion about the risks that powerful AI technology could pose to cybersecurity. “It felt very weird and unprecedented to us,” Hugging Face CEO Clément Delangue said…
On this “Face the Nation with Margaret Brennan” broadcast, moderated by Margaret Brennan: Democratic Sen. Mark Kelly of Arizona Republican Rep. Mike Turner of Ohio Clément Delangue, CEO of Hugging Face Independent former Sen. Joe Manchin of West Virginia Heather Manchin, founder and CEO of Americans Together Click here to browse full transcripts from 2026 of “Face the Nation with Margaret Brennan.” …
The families of four teenagers who died by suicide are suing Meta, Snapchat, TikTok and YouTube, alleging that using the social media platforms led to severe mental health and physical issues that resulted in their deaths. The lawsuit, filed Thursday in the Superior Court of Delaware, claims that the teens suffered years of harm from…
The Federal Reserve said on Wednesday that it is leaving its benchmark interest rate unchanged, a sign policymakers expect inflation to ebb despite higher energy costs due to the war in Iran. This marks the fifth consecutive time the central bank has held rates steady this year. The last time Fed officials voted to change…
The Federal Reserve is expected to leave interest rates unchanged at its July meeting on Wednesday, but rising oil prices have prompted investors to sharply increase their bets that a fresh rate hike could come later this year. At the start of the year, many economists expected at least one rate cut in 2026. But…
Imported generic drugs could face tariffs of up to 100% beginning in 2028 under a plan announced Tuesday by President Trump, who said the measure is intended to push manufacturers to move production to the U.S. Health policy experts said they are skeptical the tariffs alone would persuade generic drug manufacturers to relocate production to…
