Today's Top Story
US wholesale inflation picks up slightly in sign that some price pressures remain elevated
Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure Read More
Business News
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Top Federal Reserve official defends central bank's independence in wake of Trump win
A Federal Reserve official has given a lengthy defense of the central bank's political independence
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Elon Musk says he and Trump have 'mandate to delete' regulations. Ethics laws could limit Musk role
Choosing billionaire Elon Musk to be what President-elect Donald Trump calls “our cost cutter” for the U.S. government, is not the first time an American president has empowered a business tycoon to look for ways to dramatically cut federal regulations
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Homeland Security Department releases framework for using AI in critical infrastructure
The Biden administration has released guidelines for using artificial intelligence in the power grid, water system, air travel network and other pieces of critical infrastructure
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Economic News
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Stock market today: Wall Street edges lower as its momentum slows some more
U.S. stocks are edging lower as the market’s big burst following Donald Trump’s election continues to cool
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The average rate on a 30-year mortgage in the US slips to 6.78%
The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb
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The number of Americans filing for jobless claims falls to lowest level in 6 months
The number of Americans applying for unemployment benefits fell to the lowest level in six months last week as layoffs remain at relatively healthy levels
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Money News
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Latvia charges 2 Lithuanians for counterfeiting Ariel laundry products in organized criminal venture
Latvian police say that criminal proceedings have been initiated against two Lithuanian citizens suspected of counterfeiting Ariel laundry detergent products and distributing them in significant quantities across Europe
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Food prices worried most voters, but Trump's plans likely won't lower their grocery bills
Americans are fed up with the price of food, and many are looking to President-elect Donald Trump to lower their grocery bills
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Stock market today: Wall Street drifts to a mixed finish after an inflation update
U.S. stocks drifted to a mixed finish after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates
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