In a surprising turn of events, Patrick Bertoletti emerged as the victor in this year’s Nathan’s Hot Dog Eating Contest, dethroning the 16-time winner Joey Chestnut. Bertoletti, hailing from Illinois, devoured an impressive 58 hot dogs in just 10 minutes, securing the coveted Mustard Yellow Belt in the men’s category. On the women’s side, Miki
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During the June meeting, Federal Reserve officials discussed the current state of inflation and its impact on the decision to lower interest rates. The meeting minutes revealed that while there was progress in the right direction, there was still a lack of confidence among participants that inflation was moving sustainably toward the 2 percent target.
President Joe Biden and former President Donald Trump have both utilized tariffs as a policy tool during their time in office. While tariffs can serve to protect and enhance domestic industries, there is a growing concern that they can result in higher prices for American consumers. According to Erica York, a senior economist with the
Boeing’s recent decision to acquire Spirit AeroSystems has raised eyebrows in the aerospace industry. This move, which involves an all-stock deal, aims to enhance safety and quality control within the planemaker’s operations. The acquisition, valued at $8.3 billion, comes at a crucial time for Boeing, following a series of safety incidents that have tarnished its
The United States is currently facing significant challenges in achieving its goal of generating 30,000 megawatts of wind power by 2030. Despite the ambitious targets set by the Biden administration, the country is lagging far behind Europe in terms of wind energy capacity. One of the key obstacles to increasing wind power in the U.S.
Former Presidents Barack Obama and Bill Clinton have recently taken to social media to address the fallout from the first presidential debate between Joe Biden and Donald Trump. Obama emphasized that while bad debate nights happen, the choice in this election is clear: a candidate who fights for the people versus one who only cares
The latest economic report from the Federal Reserve indicated that inflation in May had slowed down to its lowest annual rate in over three years. The core personal consumption expenditures price index rose by a mere 0.1% for the month, showing an increase of 2.6% from a year ago. This figure was down by 0.2
The latest economic report expected from the Commerce Department has sparked hopes for positive news regarding inflation. The personal consumption expenditures price index, closely monitored by the Federal Reserve, is anticipated to show minimal, if any, monthly increase for the month of May. This would mark the first time since November 2023 that such a
Rep. Lauren Boebert, a Republican from Colorado, successfully won her party’s primary on Tuesday, securing the nomination for Colorado’s 4th District. This victory comes after Boebert made the strategic decision to run in a different district than the one where she narrowly won re-election in 2022. By defeating five other Republicans for the nomination, Boebert
Marc Whitten, a former Amazon and Microsoft executive, has been appointed as the new CEO of General Motors’ Cruise autonomous vehicle unit. With a background as a founding engineer at Microsoft’s Xbox and experience as chief product officer of audio company Sonos, Whitten brings a wealth of knowledge and expertise to his new role. His