Economics

Republicans finally win the coveted trifecta

Published

16 hours ago

November 13, 2024

After eight days of counting votes, the Republicans have won the House of Representatives. This means the party will have the coveted trifecta—control of the presidency, House and Senate—for at least the next two years. Republican control of Congress will give Donald Trump far more scope to implement his agenda, with a more unified party than when it last held the three branches, during his first term.

Economics

Back to the 1850s

Published

28 minutes ago

November 14, 2024

Business Finance News

Immigrant voters may have won America’s presidential election for the nativist candidate

Economics

The promise Donald Trump is sure to keep

Published

59 minutes ago

November 14, 2024

Business Finance News

Donald Trump’s politics are so elastic that it is impossible to be certain what he means when he promises, as he did on election night, to “govern by a simple motto: promises made, promises kept”. Will he judge himself a failure if he does not end the war in Ukraine before he takes office?

Economics

Wholesale prices rose 0.2% in October, in line with expectations

Published

2 hours ago

November 14, 2024

Business Finance News

Wholesale prices nudged higher in October, though largely in line with expectations and consistent with the Federal Reserve cutting interest rates again in December, the Bureau of Labor Statistics reported Thursday.

The producer price index, which measures what producers get for their products, increased 0.2% for the month, up one-tenth of a percentage point from September though matching the Dow Jones consensus forecast. On a 12-month basis, headline wholesale inflation was at 2.4%.

Excluding food and energy, core PPI rose 0.3%, also one-tenth more than September and also matching expectations. The 12-month rate was at 3.1%.

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