The Dow Jones Industrial Average hit a new record high, topping 45,000 for the first time and making a run for its 47th record close, before falling on Wednesday afternoon.
Read More Dow Hits 45K Before Falling as Wall Street Struggles Amid ‘Tech Stock Slump’
Mike Pyle, the former economic advisor to President Joe Biden, will be returning to the controversial multi-trillion dollar investment company BlackRock.
Read More Former Biden And Harris Economic Advisor Makes Return To BlackRock
Federal Reserve Chair Jerome Powell offered an explicit endorsement of interest rate cuts, saying further cooling in the job market would be unwelcome.
Read More Fed’s Powell says ‘time has come’ to lower interest rates
While maintaining interest rates at their highest point in over 20 years on Wednesday, the Federal Reserve made a suggestion that lower borrowing costs may soon be implemented by policymakers due to slight recent improvements in inflation.
Read More Federal Reserve Holds Interest Rates Steady For 2 Decades, Leaves Door Open For Cuts
A new study shows the cost of prescription drugs in the U.S. has increased nearly 40% over the past 10 years, surpassing the rate of inflation during the same time span.
Read More Prescription Drug Prices Have Increased Almost 40% Over Past Decade
U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months.
Read More US inflation ebbs in May as goods prices fall