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Biden signs bill to avert freight rail strike

President Joe Biden signed a bill Friday to avert a freight rail strike that he said could have plunged the U.S. into a catastrophic recession.

Using a poll, Musk to restore Trump to Twitter

“The people have spoken. Trump will be reinstated. Vox Populi, Vox Dei,” Musk tweeted, using a Latin phrase meaning “the voice of the people, the voice of God.”

 
Fed unleashes another big rate hike but hints at a pullback

The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time but hinted that it could soon reduce the size of its rate hikes.

Juul to pay nearly $440M to settle states’ teen vaping probe

Electronic cigarette maker Juul Labs will pay nearly $440 million to settle a two-year investigation by 33 states into the marketing of its high-nicotine vaping products.

Consumer prices rise 6.3% in July as inflation eases

WASHINGTON — Inflation eased last month as energy prices tumbled, raising hopes that the surging costs of everything from gasoline to food may have peaked.

US wholesale inflation fell in July for 1st time in 2 years

WASHINGTON — Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy’s inflationary pressures cooled last month.

 
US inflation reached new 40-year high in June

Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June.