September’s uptick in inflation dealt Americans with higher prices just before the midterm elections, as Democrats seek to wrestle back control of Congress from the GOP by highlighting affordability concerns. Annual inflation was 3.7 percent last month, according to the consumer price index (CPI). On a monthly basis, the cost of energy, gas and electricity…
GOP Sen. Bernie Moreno (Ohio) said Tuesday he will introduce legislation to expand access to the Trump administration’s investment accounts for children to Americans younger than 40. “This is a game-changer and I’ll lead the bill in the Senate to make it happen,” Moreno wrote on the social platform X. “Trump Accounts are already transforming…
Billionaire investor Ken Griffin said Tuesday that investors are dealing with an artificial intelligence bubble, as companies rack up debt to satisfy the demand for data centers and models. “There’s almost certainly bubbles within this moment in time. And any radical transformation of our economy is generally intertwined with a bubble,” Griffin, the founder of…
Virginia Gov. Abigail Spanberger (D) is pushing for a six-year pause on electricity rate hikes in the commonwealth as part of a merger between NextEra Energy and Dominion Energy. Spanberger on Monday filed expert testimony with the State Corporation Commission (SCC), urging it to reject the proposed merger if the two companies do not agree…
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