Business

GDP is still the best overall measure of our economy. It stands for gross domestic product. It covers consumption, investment, government, and trade.For the past 25 years, it’s been stuck around 2%, on average. For the prior 100 years, GDP growth averaged 3.5%. That was real prosperity for all Americans. Top, middle, lower incomes. Not only prosperity, but the opportunity to climb the ladder of success.Now, I think the Trump […]

President Donald Trump announced Friday his administration has reached new agreements with some of the world’s largest drug manufacturers aimed at lowering prescription drug costs for Americans. Speaking from the Roosevelt Room, Trump revealed nine additional drug manufacturers have agreed to the administration’s most-favored-nation pricing initiative, bringing the total to 14 of the 17 largest leading companies in the world. The agreement reached with the nine companies also encompasses $150 billion in […]

The door to more rate cuts could open further soon, according to a Federal Reserve Bank president, but only if economic indicators remain sustainable on their current trajectories."There was a lot to like in this [consumer price index] report, for sure," Federal Reserve Bank of Chicago President Austan Goolsbee said in an interview on "The Claman Countdown" Thursday."If we keep getting reports like this — I realize it's just one […]

Gas prices have fallen in time for the holiday despite the increase in demand as a record number of people begin to hit the road. The national average for a gallon of regular gasoline fell more than 4 cents to $2.89 last week, according to AAA. This marks the cheapest December at the pump since the end of 2020, according to data from AAA.  AAA characterized the year as "stable" for […]

A leading contender to become President Trump’s next Federal Reserve chair said the administration expects larger tax refunds and higher take-home pay next year, as many Americans continue to express concerns about affordability."We are going to see the biggest refund cycle ever in the history of America, and people are going to get massive refund checks," National Economic Council Director Kevin Hassett said in an interview on FOX Business' "Varney […]

More Americans are considering making financial resolutions as they approach the new year with a focus on short-term savings goals, according to a new study by Fidelity Investments.Fidelity's annual study found that 64% of respondents are considering a financial resolution for the new year, an increase from 56% last year.It also found that the top three financial resolutions have remained consistent year-over-year, with 44% saying they want to save more money, 36% […]

This story discusses suicide. If you or someone you know is having thoughts of suicide, please contact the Suicide & Crisis Lifeline at 988 or 1-800-273-TALK (8255).Two families filed a wrongful death lawsuit against Meta over their sons’ suicides, arguing that the tech giant failed to add proper safeguards to prevent sextortion schemes targeting teenagers on Instagram.Tricia Maciejewski, of Pennsylvania, and Rosalind and Mark Downey, of Scotland, filed a lawsuit on Wednesday, saying their sons fell […]

Blue Origin will make history by carrying a person who uses a wheelchair on its next space launch.Michaela "Michi" Benthaus, who was injured in a mountain biking accident in 2018, is expected to become the first wheelchair user to enter suborbital space on the upcoming New Shepard Mission NS-37, the company said."Michaela (Michi) Benthaus will become the first wheelchair user to cross the Kármán line. Her story, advocacy and passion […]

DoorDash, Inc. announced Wednesday it is launching a new grocery shopping app inside OpenAI’s ChatGPT platform, just one week after rival Instacart unveiled a similar feature.The food delivery company said the integration will connect ChatGPT’s suggestions with DoorDash’s nationwide grocery network, allowing customers to turn recipe and meal ideas "directly into grocery orders delivered in as little as an hour.""This partnership is a major first step toward meeting customers where […]