Despite predictions of a slowdown, U.S. consumers opened their wallets in June, pushing retail sales up 0.6%—a sharp rebound from the previous two months.
Read More Americans Keep Spending as Economy Defies ExpectationsTag: Alicia Summers
Wholesale costs hold steady despite tariffs — good inflation news
June’s Producer Price Index showed zero monthly change and a steady 2.3% yearly increase, signaling stable wholesale costs despite tariffs.
Read More Wholesale costs hold steady despite tariffs — good inflation newsJune inflation matches forecasts, driven by shelter costs
June inflation rose 0.3% month-over-month, bringing the annual rate to 2.7%, in line with economists’ expectations.
Read More June inflation matches forecasts, driven by shelter costsContinuing Jobless Claims Hit 30-Month High — New Tax Cuts Offer Hope for Working Families
Continuing jobless claims have reached a 30-month high, with nearly 2 million Americans still relying on unemployment benefits.
Read More Continuing Jobless Claims Hit 30-Month High — New Tax Cuts Offer Hope for Working FamiliesProtecting Kids, Not Porn: Supreme Court Sets New Precedent
In a landmark 6-3 decision, the U.S. Supreme Court upheld Texas’s age verification law for pornographic websites, marking a historic win for parents and child safety advocates.
Read More Protecting Kids, Not Porn: Supreme Court Sets New PrecedentDHS official explains Trump’s plan to shut down FEMA
President Trump is calling for the most significant shakeup in emergency response since 9/11, announcing plans to wind down FEMA after the 2025 hurricane season and shift disaster response responsibilities back to individual states.
Read More DHS official explains Trump’s plan to shut down FEMA