Some U.S. grocery prices are dipping for the first time since 2020

Harper was a top five finalist on season 22 of the long-running singing competition show

'Beautiful, lightweight and plenty of storage': Get this powerful tablet for its lowest price ever ahead of the holiday rush.

Weather conditions triggered red flag warnings Tuesday in the Northeast and firefighters in California continued to battle a large wildfire that has burned over 20,000 acres.

Donald Trump selected Elon Musk and Vivek Ramaswamy to identify areas for government-spending cuts. The US spends the most on Social Security.

SPRINGFIELD — On the first day of the Illinois legislature’s brief fall session, Republicans called on Democratic Gov. JB Pritzker to promise not to raise taxes to address a projected budget deficit of more than $3 billion. The Governor’s Office of Management and Budget made the deficit projection on Nov. 1, four months into a budget year that includes about $750 million in tax hikes needed to ...

The FBI should be closed down and 1.5 million government workers sacked under Donald Trump’s new cost-cutting department.

America’s national debt is “set to explode” under Donald Trump, top bankers at the Institute of International Finance (IIF) have warned.

India's city dwellers are cutting spending on everything from cookies to fast food as persistently high inflation squeezes middle class budgets, threatening the country's brisk economic growth. Slowing urban spending over the past three to four months has not only hurt the earnings of largest consumer goods firms, it has raised questions about the structural nature of India's long-term economic success. Since the end of the pandemic, India's economic growth has been driven in large part by urban consumption, however, that now seems to be changing.

President-elect Donald Trump announced Tuesday that Elon Musk and Vivek Ramaswamy will lead a new “Department of Government Efficiency” in his second administration.

Trump has given two entrepreneurs a mission to make the government more efficient. It's unclear how Elon Musk and Vivek Ramaswamy would accomplish that.

When it comes to cutting waste, fraud, and abuse, what's lacking is not ideas but the political will to act on them.

(Reuters) -After a scare earlier this year that the U.S. labor market might be cooling too fast, some Federal Reserve policymakers are shifting their attention back to inflation risks as they weigh when, and how fast and far, to cut interest rates. Traders in financial markets piled into bets that the Fed's policy-setting Federal Open Market Committee, fresh from last week's quarter-percentage-point rate cut, will go ahead with another reduction in borrowing costs at its Dec. 17-18 meeting. It's not clear if Fed Chair Jerome Powell will ratify that market view when he provides an update on his economic outlook to business leaders in Dallas on Thursday, just over a week after voters decided to send Donald Trump back to the White House.

BERLIN (Reuters) -Chancellor Olaf Scholz on Wednesday appealed to parties to pass measures such as raising child benefits and lifting tax thresholds before a February snap election, stressing that Germans did not need to choose between security and prosperity. Scholz was addressing parliament in political leaders' first public head-to-head since the collapse of the chancellor's ruling coalition last week forced the country into a snap election that will likely take place in February. With parties already in election mode, Scholz is fighting an uphill battle to keep his job, with polls showing the conservative opposition led by Friedrich Merz set to gain power.

Also, it’s not a new government agency, this will basically just be an outside consulting gig.

The La Cañada Flintridge research institution will let go of approximately 325 employees across the organization, about 5% of its total staff.

President-elect Donald Trump is starting to round out his new administration and is already making unprecedented changes.

The post-election stock market rally sparked by Donald Trump's victory has begun to lose momentum. Huntington Private Bank director of wealth strategy Dan Griffith joined Market Domination Overtime to analyze the key factors driving this shift. Griffith highlights that investors are primarily concerned about the evolving tax landscape. Griffith explains there will be "a different tax picture" in the future, noting that these changes particularly impact small and mid-market business owners. With the current tax cuts set to expire in 2026 and Republicans gaining control of both the House and Senate, Griffith expects most of these tax benefits to "go away." However, he states: "The real question is.... with the deficit still out there and the budget rules still in place, which ones are gonna be picked?" To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith

SPRINGFIELD — On the first day of the Illinois legislature’s brief fall session, Republicans called on Democratic Gov. JB Pritzker to promise not to raise taxes to address a projected budget deficit of more than $3 billion. The Governor’s Office of Management and Budget made the deficit projection on Nov. 1, four months into a budget year that includes about $750 million in tax hikes needed to ...

(Bloomberg) -- Several Federal Reserve officials Wednesday reiterated their deep uncertainty over how far the central bank will need to lower interest rates, highlighting the difficulty policymakers face in trying to determine the right setting to keep the economy on an even keel.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceT

Elon Musk plans to make the process of eliminating government waste as transparent and interactive as possible: 'The entertainment value will be epic.'

Gas prices in San Diego County have dropped to their lowest levels since January 2024.

President-elect Donald Trump's "Department of Government Efficiency (DOGE)" initiative hopes to cut federal spending by as much as $2 trillion. Trump has tapped billionaire backer Elon Musk and entrepreneur Vivek Ramaswamy to lead this agency. Yahoo Finance host Julie Hyman examines what kind of impact these massive budget cuts could have on US gross domestic product (GDP) and the broader US economy. Citi chief US economist Andrew Hollenhorst joined Yahoo Finance earlier to talk about how Congress, especially Republican lawmakers, may feel about these spending amendments. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Luke Carberry Mogan.

(Bloomberg) -- Brazil’s central bank is stepping into currency markets as the real has been battered by fiscal concerns at home and a broad slide in risk assets globally. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpNo Water by Year-End for This Zimbabwean City of 700,000 PeopleScoring an Architectural Breakthrough in Denver’s RiNo DistrictPolicymakers called

Major lenders including NatWest, Barclays and Nationwide have raised their fixed-rate mortgages as market fallout from the Budget “ripples” into pricing.

The outlook for inflation is uncertain as economists warn of potential pressures from Trump policies.

Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure. Thursday's report from the Labor Department showed that its producer price index — which tracks inflation before it hits consumers — rose 0.2% from September to October, up from a 0.1% gain the month before. Compared with a year earlier, wholesale prices were up 2.4%, accelerating from a year-over-year gain of 1.9% in September.

It’s important, in any political environment, to triage the things you’re freaking out about.

The Tesla CEO claimed he could slash US spending by eradicating “waste”.

Donald Trump's presidential election win has forced bond strategists to make a material change in their outlook towards higher longer-dated Treasury yields, a Reuters poll found, as the risk of a U.S. inflation resurgence escalates. Since Trump's victory, the benchmark U.S. 10-year Treasury yield has risen nearly 15 basis points.

NEW YORK (Reuters) -A gauge of global stocks fell for a second straight session on Wednesday and longer-dated U.S. Treasury yields rose in choppy trading as investors assessed the latest U.S. inflation data and the path of interest rates from the Federal Reserve. The Labor Department said the consumer price index rose 0.2% for the fourth straight month, in line with expectations of economists polled by Reuters. In the 12 months through October, the CPI advanced 2.6%, also matching forecasts, after climbing 2.4% in September.

Euro zone employment rose a touch more than expected last quarter and the economy expanded at a respectable pace, keeping alive hopes for a soft landing after more than a year of near-stagnation, fresh data showed on Thursday. Employment in the 20-nation euro zone grew by 0.2% on the quarter, twice as fast as predicted in a Reuters poll of economists, pushing up the annual growth rate to 1.0% from 0.9% three months earlier. While employment growth remains relatively weak, the figures may still ease fears that a downturn in the jobs market could drag the bloc into recession, especially given weak external demand and the poor performance of industry.

The Producer Price Index (PPI) for the month of October came in hotter than expected, rising 0.2% month-over-month, as expected, and 2.4% year-over-year, compared to the 2.3% estimated. Wolfe Research chief economist Stephanie Roth sits down with Morning Brief Hosts Seana Smith and Brad Smith to discuss the print and what it says about the US economy and the Federal Reserve’s next move. “Today's data was a little bit disappointing. It came in a little bit firmer, especially for financial services and airlines, which is what we look to gauge where core [Personal Consumption Expenditures] PCE is going to come in at the end of the month,” Roth tells Yahoo Finance. The economist says, “The Fed probably still can cut in December. Their bias is toward cutting, but they'll probably have to have to go at a slower pace next year. So our base case is they'll cut at a quarterly cadence as opposed to every meeting.” Roth outlines her base case that the Fed, going forward, will make three cuts in 2025 and then pause several meetings to assess President-elect Donald Trump’s proposed tariffs. She says that immigration and animal spirits are the key factors for the US economy in 2025. Looking ahead to 2026, Roth says tariffs will be the main focus as that’s when “Trump's real fiscal policies have an impact.” To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan.

SPRINGFIELD, Ill. (NEXSTAR) — When lawmakers left Springfield last spring, they were celebrating passing another budget. But when they returned to the capitol this week, they were thrown right back into the same tough conversations. “We’ll go back to the table and we’ll look at what’s working and what’s not,” Chief Senate Democrat Budgeteer Elgie […]

With Republicans winning control of the House, President-elect Donald Trump will be heading to Washington with a clear path for enacting his agenda.

The Canadian dollar weakened to a 4-1/2-year low against its U.S. counterpart on Wednesday as investors weighed U.S. inflation data and the prospect of a wider divergence in economic growth between America and Canada. U.S. consumer prices increased as expected in October amid higher costs for shelter such as rents, and progress toward low inflation has slowed in recent months. That could result in fewer interest rate cuts from the Federal Reserve next year, supportive of the U.S. dollar which advanced to a one-year high against a basket of major currencies.

The $11.5 million budget realignment is due to the expiration of state and federal pandemic-related funding.

The number of Americans applying for unemployment benefits fell to their lowest level in six months last week as layoffs remain at relatively healthy levels. The Labor Department reported Thursday that jobless claim applications fell by 4,000 to 217,000 for the week of Nov. 9. Weekly applications for jobless benefits are considered representative of U.S. layoffs in a given week.

Mississippi Republican Gov. Tate Reeves said Wednesday that he will continue pushing lawmakers to phase out the state income tax, even with the possibility of federal spending cuts that could affect states after Donald Trump begins his second term as president. Mississippi is one of the poorest states in the U.S., and it receives billions of dollars a year from the federal government. One of the biggest chunks of federal money is for Medicaid, a government health insurance program for low-income residents.

TOKYO (Reuters) -Japan's wholesale inflation accelerated in October at the fastest annual pace in more than a year as renewed yen falls pushed up import costs for some goods, complicating the central bank's decision on how soon to raise interest rates. The corporate goods price index (CGPI), which measures the price that companies charge each other for goods and services, rose 3.4% in October from a year earlier, Bank of Japan data showed on Wednesday, above market forecasts for a 3.0% gain. A spike in the price of rice, coupled with the increasing cost of nonferrous metals, food and oil, pushed up overall wholesale inflation, the data showed, a sign companies remained under pressure from rising raw material costs.

Louisiana's GOP-dominated House of Representatives on Tuesday overwhelmingly passed individual and corporate tax cuts, along with a constitutional amendment — all key provisions in Gov. Jeff Landry's sweeping tax reform package, the centerpiece of the state's third special legislative session of the year. The House voted 87-12 to flatten individual income tax to 3%, while increasing the standard deduction to $12,500 for individual taxpayers. Pushback came entirely from Democratic lawmakers, some of whom have argued that they consider the reforms to provide only token relief to lower-income households while leading to a $1 billion annual revenue hole.

Inflation sped up slightly in October, but fell in line with expectations on the heels of the Federal Reserve’s second consecutive interest rate cut.

STORY: U.S. consumer prices increased modestly in October, which could result in fewer interest rate cuts from the Federal Reserve next year.The consumer price index, out Wednesday from the Labor Department, rose 0.2% for the fourth straight month, in line with economists' expectations.That put the annual inflation rate at 2.6% - down considerably from a peak of 9.1% in June of 2022, but still above the Fed's 2% target.More than half the increase came from the cost of shelter - which includes rents as well as hotel and motel rooms.Frustration over inflation helped to propel Republican Donald Trump to victory in last week's presidential election over Democratic Vice President Kamala Harris.Economists, however, are forecasting higher inflation next year if Trump forges ahead with his economic policies, including tax cuts and higher tariffs on imported goods. Though the U.S. central bank is still expected to cut interest rates again in December, economists see the scope for more cuts next year as limited. After Wednesday's warmer CPI report, one economist told Reuters (quote) "It is clear that the Fed's job is still unfinished."

US consumer inflation edged higher last month spurred by an increase in housing costs, according to government data published Wednesday, complicating the US Federal Reserve's plans to cut interest rates. While Wednesday's data release complicates the Fed's plans to cut interest rates, it remains broadly on track to slow the rate of price increases, EY chief economist Gregory Daco told AFP.  "The truth is that fundamentals today remain disinflationary," he said.

NASA's JPL is having around round of layoffs due to budget constraints.

WASHINGTON (Reuters) -U.S. consumer prices increased as expected in October amid higher costs for shelter such as rents, and progress toward low inflation has slowed in recent months, which could result in fewer interest rate cuts from the Federal Reserve next year. The report from the Labor Department on Wednesday, which also showed underlying inflation continuing to run a little warmer last month did not change expectations that the U.S. central bank would deliver a third rate cut in December against the backdrop of a softening labor market. "Progress on inflation has started to stall," said Michael Pugliese, a senior economist at Wells Fargo.

Elon Musk and Vivek Ramaswamy are tasked with dismantling government bureaucracy in the new Department of Government Efficiency.

November is usually a weak month for gas consumption, OPIS global head of energy analysis Tom Kloza said.

The Dow Jones Industrial Average added 47 points, or 0.1%, and the Nasdaq composite slipped 0.3%. The bond market was also mixed after a report said the inflation that U.S. consumers felt last month was exactly as economists expected. It accelerated to 2.6% from 2.4%, but an underlying measure called “core inflation” did not accelerate.

Full Story: https://www.krqe.com/news/new-mexico/disaster-unemployment-assistance-available-for-chaves-county-flood-victims/

(Bloomberg) -- Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpNo Water by Year-End for This Zimbabwean City of 700,000 PeopleScoring an Architectural Breakthrough in Denver’s RiNo DistrictThe premier of Canada’s largest province wants the country to negotiate its own trade agreement with the US, unless Mexico aligns itself with its North American partners on Ch