High inflation is largely not Biden’s or Trump’s fault, economists say

High inflation is largely not Biden’s or Trump’s fault, economists say

President Joe Biden and former President Donald Trump participate in the CNN Presidential Debate on June 27, 2024 in Atlanta. Justin Sullivan | Getty Images News | Getty Images Inflation decelerated again in June, bringing further relief to consumers’ wallets. The consumer price index rose 3% in June 2024 from June 2023, down from a … Read more

Don’t make investing moves based on the election, experts say

Don’t make investing moves based on the election, experts say

US President Joe Biden and former US President and Republican presidential candidate Donald Trump participate in the first presidential debate of the 2024 elections at CNN’s studios in Atlanta, Georgia, on June 27, 2024. Andrew Caballero-reynolds | Afp | Getty Images Presidential election outcomes don’t significantly affect market performance, but many investors still feel nervous … Read more

Election deepfakes may undermine institutional credibility: Moody’s

Election deepfakes may undermine institutional credibility: Moody’s

With election season underway and artificial intelligence evolving rapidly, AI manipulation in political advertising is becoming an issue of greater concern to the market and economy. A new report from Moody’s on Wednesday warns that generative AI and deepfakes are among the election integrity issues that could present a risk to U.S. institutional credibility. “The … Read more

Is inflation Biden’s or Trump’s fault? The answer isn’t so simple

Is inflation Biden’s or Trump’s fault? The answer isn’t so simple

Former President Donald Trump, left, and President Joe Biden face off in the first debate of the 2024 presidential campaign, in Atlanta, June 27, 2024. Andrew Harnik | Getty Images News | Getty Images The recent U.S. presidential debate saw both candidates trade barbs related to the economy. High pandemic-era inflation was among the grievances. … Read more

Biden to lower some drug costs through inflation penalties

Biden to lower some drug costs through inflation penalties

US President Joe Biden speaks during an event at the National Institutes of Health (NIH) in Bethesda, Maryland, US, on Thursday, Dec. 14 2023.  Chris Kleponis | Bloomberg | Getty Images The Biden administration on Wednesday said it will impose inflation penalties on 64 prescription drugs for the third quarter of this year, lowering costs … Read more

Older voters want candidates who will protect Social Security

Older voters want candidates who will protect Social Security

Joe Biden and Donald Trump Getty Images Voters, ages 50 and older, will have a strong influence on the November election. And politicians who want to win their vote would be wise to emphasize personal economic issues that affect them, particularly Social Security, according to a new AARP poll of likely voters from the 44 … Read more

Trump trial jury set to start deliberations in New York

Trump trial jury set to start deliberations in New York

Former US President Donald Trump attends his trial for allegedly covering up hush money payments linked to extramarital affairs, at Manhattan Criminal Court in New York City, on May 16, 2024.  Angela Weiss | Reuters Jurors in the criminal hush money trial of former President Donald Trump are set to begin deliberating a potential verdict … Read more

As Dow nears 40,000, here’s what experts say to do in case of a pullback

As Dow nears 40,000, here’s what experts say to do in case of a pullback

A man sits on the Wall street bull near the New York Stock Exchange (NYSE) on November 24, 2020 in New York City. Spencer Platt | Getty Images The stock market could reach a milestone if the Dow Jones Industrial Average reaches 40,000. However, even as stocks have climbed higher, investors are worried there could … Read more

Here’s what Trump’s proposed tariffs could mean for your wallet

Here’s what Trump’s proposed tariffs could mean for your wallet

This combination of pictures created on February 17, 2024, shows U.S. President Joe Biden waving from the South Lawn of the White House in Washington, D.C., on June 1, 2023, and former President Donald Trump waving to the media outside the White House on Jan. 12, 2021. Jim Watson | Brendan Smialowski | AFP | … Read more

Corporate taxes, consumer costs top economic agenda for Biden State of the Union

Corporate taxes, consumer costs top economic agenda for Biden State of the Union

US President Joe Biden delivers the State of the Union address in the House Chamber of the US Capitol in Washington, DC, on March 7, 2024.  Pool | Getty Images News | Getty Images President Joe Biden laid out plans to further reshape the tax system and promised to lower costs for Americans during his … Read more