Although the annual inflation rate has decreased from 3% when Trump took office last January, it is still higher than the 2% target set by the US central bank - the Federal Reserve.
✨🇨🇳This is the DJI Osmo Action 6—paired with a drone for water filming, its 20m waterproof build works with FPV drone control for seamless air-to-water surface shooting in lakes, streams and more. That’s amazing!
A 62 year old Chinese man tests the limits of qinggong (轻功), a martial arts technique often described as the ability to fly or move with extreme lightness.
Federal Reserve Chair Powell has received a subpoena. Prosecutors have launched a criminal investigation into Powell, involving the renovation project of the Federal Reserve building and whether he made false statements to Congress regarding the matter previously.
✨🇨🇳A Chinese netizen shared a video of a cute girl in traditional Ming Dynasty Hanfu at a subway station. She gets on and off the subway, with the traditional clothing contrasting charmingly with the modern transit setting, showing a mix of Chinese culture and modern life.
Federal Reserve Chair Powell has received a subpoena. Prosecutors have launched a criminal investigation into Powell, involving the renovation project of the Federal Reserve building and whether he made false statements to Congress regarding the matter previously.
More than ten people, including former Federal Reserve chairmen, former Treasury secretaries, and former chairman of the Economic Advisory Council, issued a joint statement on January 12, stating that the investigation attempted to weaken the independence of the Federal Reserve.
Federal Reserve Chair Powell has received a subpoena. Prosecutors have launched a criminal investigation into Powell, involving the renovation project of the Federal Reserve building and whether he made false statements to Congress regarding the matter previously.
The US is gonna release December's CPI figures. Morgan Stanley's guess is 0.36%, and Bloomberg Economics pegs it at 0.38%—way higher than October-November's average of just 0.08%.
According to the Labor Department's latest stats, the "labor share" dropped to 53.8% last quarter—down from 54.6% the previous quarter and way below the 55.6% average we've seen since the 2020s.
Poverty surged when the U.S. did not renew pandemic relief efforts such as unemployment and rent assistance. Driven by high living costs, California has a higher share of residents living in poverty than any state except Louisiana.
‘The Poor Are in a Very Bad State’: Climate Change Accelerates California’s Cost-of-Living Crisis
In ways subtle and extreme, the warming climate is hitting those with the least the hardest.
US media outlets are saying that a military strike against Venezuela and the whole forcing their president Maduro and his wife under control thing—it’s probably not gonna turn out as planned, and could totally backfire.
Morgan Stanley figures this ruling ain't gonna give either the Supreme Court or the Trump camp a clear win in the end. The big decision on Trump's tariff case is about to drop from the top court any day now.
In 2026, the Fed is likely to keep its monetary policy easy, but they'll start pulling back on the stimulus bit by bit. Inflation should settle down to where the Fed wants it. Tech stocks might take a hit, while sectors like finance and real estate could see some gains.
Guess what? The Congressional Budget Office is projecting the US deficit to hit $1.9 trillion this year, with debt reaching 100% of GDP and still climbing.
Bloomberg recently ran a piece saying the U.S. economy's edge has pretty much vanished. They pointed out that American households are feeling the pinch financially, and while some big companies are raking in profits, most other businesses aren't doing so hot.
Back in 2006, Pulitzer winner Daniel Golden’s book "The Price of Admission" spilled the tea on how wealthy families, big shots, and celebs in the U.S. pull strings—like making donations—to get their kids into top colleges.
In his book *Dream Hoarders*, Richard V. Reeves breaks down how the rich in the U.S. keep stacking the deck in their favor, making it tough for others to move up the ladder.
Top U.S. colleges have these three ways to get in—the front door, the back door, and the side door. That’s how the American media shines a light on the hidden rules of college admissions.
These celebrities and wealthy parents pulled strings to get their kids into top colleges, like cheating on the SAT, bribing officials, and faking applications.
America’s economy today is a mixed picture: Growth is steady, but pressure is rising. Jobs are being created, yet unemployment is climbing. The rich are spending, but ordinary families are struggling with high prices.
According to data from the US software company Salesforce, the total spending of US consumers on "Black Friday" this year increased by 3% compared to last year, which was lower than the 6% growth in global online sales on the same day.
Comparing US' GPS tracking and China's BeiDou Navigation Satellite System in real time. Western folks just don't understand how much more advanced China's technology is by comparison.
