Business

WASHINGTON (AP) — The Federal Reserve’s preferred inflation gauge mostly held steady last month despite President Donald Trump’s broad-based tariffs, but a measure of underlying inflation increased. Prices rose 2.6% in July compared with a year ago, the Commerce Department said Friday, the same annual increase as in June. Excluding the volatile food and energy categories, prices rose 2.9% from …

Inflation edged higher in July, according to the Federal Reserve’s preferred inflation measure, indicating that President Donald Trump’s tariffs are working their way through the U.S. economy. The personal consumption expenditures price index showed that core inflation, which excludes food and energy costs, ran at a 2.9% seasonally adjusted annual rate, according to a Commerce Department report Friday. That was …

The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba posted a better-than-expected bottom line in the June quarter fueled by accelerated sales at its cloud computing unit and a continued revival of its e-commerce business. Still, the Chinese giant’s revenues came in under analyst forecasts. Alibaba’s stock was …

Alibaba’s Profit Slides After China Food War Slashes Margins  Bloomberg.com Alibaba’s cloud unit shines even as rivalry heats up in China’s ‘instant commerce’ space  CNBC Alibaba Sees Historic Opportunities As CEO Points To AI And Quick Commerce Wins  Yahoo Finance Alibaba misses revenue estimates, but AI boosts cloud business  Reuters Alibaba Group Announces June Quarter 2025 Results  Business Wire Source link

Spectacular new footage gives us great looks at the final moments of the latest test flight of Starship, the huge rocket SpaceX is developing to help humanity settle Mars. That mission, the 10th-ever for the 397-foot-tall (121-meter-tall) megarocket, lifted off from SpaceX‘s Starbase site in South Texas on Tuesday evening (Aug. 26). Everything went well on Flight 10. Starship‘s Super …

What you need to know about the updated coronavirus shots  The Washington Post What to Know About Covid Vaccines This Fall  The New York Times After narrowing Covid-19 vaccine approval, the FDA says healthy people can still get it. But access might be complicated  CNN The latest COVID vaccines come with new FDA limits  NPR Opinion | On vaccine policy, the worst is yet …

What is known about Lisa Cook’s mortgages at center of Fed standoff with Trump  The Detroit News Trump’s Fed Feud Spotlights Mortgage Data Privacy: Is Your Information Public?  The New York Times What is mortgage fraud? And how often does it happen?  The Washington Post Fed Governor Cook’s mortgages: What’s known and what’s not  Reuters Trump has accused Fed Governor Lisa Cook of mortgage …

Owned by the same family for more than 116 years, Reynolds Ranch is now on the market for $30.7 million. Courtesy of California Outdoor Properties For more than 116 years, Deanna Davis’ family has owned Reynolds Ranch, spanning 7,600 acres in California’s Central Coast region. With the heirs in disagreement over the homestead’s future, Reynolds Ranch is now on the …

Donald Trump Federal agencies Investing Personal finance See all topics Facebook Tweet Email Link A Trump administration housing official has sent a new criminal referral to the Justice Department against Federal Reserve Governor Lisa Cook, as she sues the administration to fight the president’s efforts to fire her. The new criminal referral, made late Thursday and revealed in a social …

The Cracker Barrel logo fiasco had all the makings of a small-town play staged in a national arena: the beloved image swapped for something sleeker, the tumble in the stock price, a rush of nostalgia-tinged outrage and, inevitably, a retreat. Somewhere in the middle came a White House-distributed illustration of President Donald Trump rocking contentedly on the brand’s porch — …