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Tag: Alicia Summers

This picture taken on August 24, 2024 shows a bill, with cash for the tip, left on a restaurant table in Los Angeles. Donald Trump and Kamala Harris agree on very little, but the two presidential rivals have found common ground in calling for the elimination of taxes on tips -- a populist move that many criticize as economically irresponsible. Tipping culture in the United States is fundamentally different from most other countries, as customers are encouraged to tip generously on everything from take-out coffee to cocktails. A tip ranging between 15 and 20 percent of the price is considered normal at most restaurants. (Photo by Chris DELMAS / AFP) (Photo by CHRIS DELMAS/AFP via Getty Images)

Americans Keep Spending as Economy Defies Expectations

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 Expectations

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 news

June 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 costs

Continuing 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 Families
TOPSHOT - Children listen to their teacher as they sit in a classroom on the first day of the start of the school year, at the Chaptal elementary school in Paris, on September 2, 2019. - In France some 12.4 million students crossed the doors of elementary schools (6.7 million), secondary school (3.4 million) and high schools (2.3 million) on September 2, 2019. (Photo by Martin BUREAU / AFP) (Photo credit should read MARTIN BUREAU/AFP via Getty Images)

Protecting 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 Precedent

DHS 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

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A photo taken 08 October 2004 in Oslo shows the Nobel Peace Prize medal. (Photo by Gunnar Lier / NTB / AFP) (Photo by GUNNAR LIER/NTB/AFP via Getty Images)
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