Spencer Platt | Getty ImagesInflation held steady in July as price declines for staples like groceries and gasoline helped offset price increases for consumers.However, there were worrying signs under the surface, including evidence that Trump administration policies are stoking inflation for certain goods and services, economists said. Those effects will likely become more pronounced later this year, they said.”Tariff and immigration policy fingerprints are all over the report,” Mark Zandi, chief economist of Moody’s, said.”The tariff and immigration effects aren’t screaming at us, but they’re certainly speaking very loudly and over the next couple months they’ll start yelling,” Zandi said.The…
Author: usaeverydaylife
The market really liked what it saw in Tuesday’s inflation report. The Bureau of Labor Statistics reported that the consumer price index increased by 2.7% year over year in July . That’s slightly less than a Dow Jones estimate for a 2.8% advance. The report jolted stocks . Futures contracts tied to the major U.S. benchmarks surged following the release, as the new data gave investors hope the Federal Reserve will cut rates not once, not twice, but three times before year-end. Take a look at Fed rate cut expectations for the final three meetings of the year relative to…
Tesla CEO Elon Musk’s threatened legal action against Apple over its App Store rankings could hurt the larger company, according to prominent tech analyst Dan Ives. Elon Musk, who’s also the CEO of xAI, the startup behind AI chatbot Grok, on Monday threatened to sue Apple over alleged antitrust violations tied to rankings of Grok’s app. Musk accused the iPhone maker of favoring other AI competitors in its App Store. “It’s a massive headache and headwind for Apple,” Ives, global head of tech research at Wedbush Securities, said on CNBC’s “Worldwide Exchange” early Tuesday. “The last thing you want right now…
U.S. President Donald Trump speaks next to Federal Reserve Chair Jerome Powell during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. Kent Nishimura | ReutersPresident Donald Trump on Tuesday threatened to allow a “major lawsuit” against Federal Reserve Chairman Jerome Powell to go forward, dramatically escalating his efforts to pressure the central bank leader to immediately lower interest rates.The president said on Truth Social that the lawsuit would relate to Powell’s management of major renovations at the Fed’s headquarters in Washington, D.C., which has become one of Trump’s…
Nikoli’s president, Yoshinao Anpuku, poses for a photo at Nikoli headquarters in Tokyo on March 19, 2025. LinkedIn worked with Nikoli and Sudoku champion Thomas Snyder to launch its Mini Sudoku game.NikoliLinkedIn on Tuesday released a new game for the professional social networking app’s 1.2 billion users. It’s a miniature version of Sudoku, an old game with a rich history.The new Mini Sudoku is LinkedIn’s sixth game. It’s scaled down from the traditional 9-by-9 grid and meant to be completed in two or three minutes.”We don’t want to have a puzzle on LinkedIn that takes 20 minutes to solve, right?”…
Shares of Clearwater Analytics are poised for a comeback, helped by free cash flow in the core business that’s growing by more than 02% annually and a planned conference with investors set for early Sept., according to Goldman Sachs. The Wall Street investment bank upgraded Boise, Idaho-based Clearwater to buy from neutral but kept its price target at $27, implying more than 46% upside from Monday’s close. Clearwater, a provider of investment portfolio accounting and other business tools, has tumbled 33% so far in 2025. Much of the decline was caused concerns tied to the quality of Clearwater’s acquired assets,…
My top 10 things to watch Tuesday, Aug. 12 1. The July consumer price index rose 2.7% on an annual basis, below the 2.8% expected. When stripping out volatile food and energy prices, core CPI rose 3.1%, slightly above the Dow Jones consensus of 3%. The market liked the numbers, with stock futures rising after the numbers were posted. 2. The impact of President Donald Trump’s tariffs, so far, has not resulted in worrisome inflation. Trump yesterday extended the China tariff deadline by 90 days. That means U.S. tariffs on Chinese imports remain at 30% and China’s tariffs on U.S.…
U.S. President Donald Trump, joined by Republican lawmakers, signs the One, Big Beautiful Bill Act into law during an Independence Day military family picnic on the South Lawn of the White House on July 04, 2025 in Washington, DC.Samuel Corum | Getty Images News | Getty ImagesPresident Donald Trump’s tax and spending law will result in less income for the poorest Americans while sending money to the richest, the nonpartisan Congressional Budget Office reported Monday.The CBO estimates that the 10% of poorest Americans will lose roughly $1,200 a year as they experience restrictions on government programs like Medicaid and food…
A Tesla robotaxi drives on the street along South Congress Avenue in Austin, Texas, U.S., June 22, 2025. Joel Angel Juarez | ReutersTesla is recruiting test drivers in New York to operate cars with “automated driving systems,” but the company hasn’t applied for the permits it would need to test autonomous vehicles in the nation’s largest city.A job opening on Tesla’s website says the company is looking to hire vehicle operators in the borough of Queens. The hires will be “responsible for driving an engineering vehicle for extended periods, conducting dynamic audio and camera data collection for testing and training…
A widely followed measure of inflation accelerated slightly less than expected in July on an annual basis as President Donald Trump’s tariffs showed mostly modest impacts.The consumer price index increased a seasonally adjusted 0.2% for the month and 2.7% on a 12-month basis, the Bureau of Labor Statistics reported Tuesday. That compared to the respective Dow Jones estimates for 0.2% and 2.8%.Excluding food and energy, core CPI increased 0.3% for the month and 3.1% from a year ago, compared to the forecasts for 0.3% and 3%. Federal Reserve officials generally consider core inflation to be a better reading for longer-term…
