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Nov 01 2023
Headline Roundup
Fed Again Leaves Interest Rates Unchanged Amid 'Strong' Growth, 'Elevated' Inflation
The Federal Reserve again decided not to raise interest rates, continuing a pause in its financial moves that aimed to fight inflation by raising borrowing costs.
For Context: In a statement, Fed leaders noted “strong” economic growth, an upgrade from previous descriptions; U.S. GDP grew at a 4.9% annualized rate in the third quarter of 2023, a sharp increase from 2.1% in Q2. However,
Fox Business CNBC ABC News (Online)Jan 28 2022
Headline Roundup
Bridge Collapses Hours Before Biden Infrastructure Speech
A snow-covered bridge in Pittsburgh, Pennsylvania collapsed on Friday just hours before President Joe Biden was scheduled to visit the city to speak about the Infrastructure Investment and Jobs Act.
At least 10 people sustained non-life threatening injuries in the bridge collapse. “We saw today, when a bridge is in disrepair, it literally can threaten lives,” Biden said, adding, “We’re
CNBC Politico Pittsburgh Post-GazetteJul 04 2012
News
Dark economic clouds gather anew over Obama campaign
After a month in which his re-election campaign picked up momentum, hard economic realities are about to hit President Barack Obama as he takes to the road on a campaign bus trip through the Rust Belt.
Poor manufacturing data earlier this week followed by a likely weak jobless report on Friday are reminding Obama that he has a lot of work to do to convince voters he is bringing the
TownhallAug 10 2023
Headline Roundup
Inflation Rose 3.2% Annually in July
U.S. inflation rose 0.2% on a monthly basis in July and 3.2% annually, according to the Bureau of Labor Statistics.
The Details: The annual rate rose slightly in July, its first jump since June 2022. The energy price index is down 12.5% from last July, while the food index is up 4.9%. Core prices, which exclude food and energy items, rose 0.2% monthly and 4.7% annually. Shelter prices
Investor's Business Daily CNN Business Wall Street Journal (News)Nov 02 2023
Headline Roundup
Biden Calls for ‘Humanitarian Pause’ In Israel-Hamas Conflict
President Joe Biden called for a humanitarian "pause" in Gaza on Wednesday to help facilitate the release of hostages and the entry of aid for the Palestinian people.
Key Quotes: “I think we need a pause,” Biden stated following a campaign speech on Wednesday. Earlier this week, White House National Security Council spokesman John Kirby said the new American ambassador to Israel is
Daily Beast BBC News TownhallJun 21 2021
Headline Roundup
Supreme Court Rules NCAA Cannot Ban Education-Related Compensation for Student Athletes
The Supreme Court on Monday unanimously upheld a district court ruling that the NCAA’s restrictions on education-related benefits for college athletes violated antitrust law. Justice Neil Gorsuch, who wrote the unanimous decision, argued that while the “national debate” around student athlete compensation was “important,” the Supreme Court’s only job in this case was to determine whether the
Politico SCOTUSblog Fox News (Online News)Nov 21 2022
Headline Roundup
Bob Iger Returns as Disney CEO, Replacing Bob Chapek
In a surprise move, the Walt Disney Company’s board of directors fired CEO Bob Chapek on Sunday and replaced him with former CEO Bob Iger.
For Context: Disney’s board reportedly reached out to Iger on Friday, considered no alternatives, and did not inform Chapek about the decision until Sunday. Iger led the entertainment giant as CEO for 15 years before handing the reins to Chapek in
Fox Business CNBC NBC News (Online)Nov 22 2023
Headline Roundup
Sam Altman Returns as OpenAI CEO
On Tuesday, OpenAI reached an agreement for Sam Altman to return as CEO after a majority of OpenAI's 770 employees sent an open letter threatening to resign unless the board quit.
Key Details: A new board chaired by former Salesforce co-CEO Bret Taylor pioneered the agreement. It includes a plan for an independent investigation into what led up to Altman's recent ouster for not being "
New York Post (News) CNN (Online News)Apr 02 2020
Headline Roundup
Oil Prices Rise on Optimism About Russian-Saudi Negotiations
President Donald Trump tweeted Thursday that he spoke with Crown Prince Mohammed bin Salman about Saudi Arabia possibly curbing oil production. In turn, bin Salman reportedly spoke with Russian President Vladimir Putin to negotiate a cut in oil output. Oil prices rose steadily on the news of the apparent conversations, after dropping over 50% throughout March due in part to the COVID-19
Politico CNBC MarketWatchFeb 19 2024
Headline Roundup
Will Pro-Trump Truckers Boycott Shipments to NYC After Fraud Ruling?
A group of truckers who support former President Donald Trump may refuse to deliver to New York City after he was fined $355 million and banned from doing business in the city for three years.
The Details: A man known on X as Chicago Ray originally posted about the boycott on Friday to his 240,000 followers, and said he and other truckers would stop delivering to the city. He later
Fox News (Online News) The Independent NewsNation