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U.S. household debt has climbed to historic highs as inflation, driven largely by soaring fuel costs linked to geopolitical tensions, continues to strain consumer finances.
Wall Street experienced uneven trading amid rising inflation pressures, with technology stocks recovering while other sectors faced declines.
Denise Powell surged past John Cavanaugh late Tuesday night in a closely contested primary for Nebraska’s 2nd Congressional District, with thousands of ballots still uncounted.
April’s inflation report reveals the highest annual increase since mid-2023, driven by soaring energy and shelter costs, deepening pressure on consumers and signaling broader economic risks.
Alaska Electric Light & Power plans to raise Juneau’s electricity rates due to rising costs from capital improvements and inflation, with bills expected to increase by up to 20%.
U.S. household debt reached a new peak driven by mortgages and auto loans, while inflation rose to its highest rate in three years, intensifying financial pressures.
Kevin Warsh secured Senate confirmation to the Federal Reserve board, advancing toward a vote on his nomination as Fed chairman amid partisan opposition and policy debates.
Motorola has quietly started selling the Moto Tag 2, featuring ultra-wideband tracking and a significantly longer battery life, enhancing the Android Find Hub ecosystem.
Galaxy and Sharplink will launch a private $125 million fund investing Ether in decentralized finance protocols to generate onchain yield while retaining ETH exposure.
Jerome Powell remains Federal Reserve chair amid growing criticism as Fed policies reshape the economy and stir political divisions over its so-called independence.
Inflation in Iran has surged sharply, with food prices rising faster than general inflation, severely straining household budgets in a country affected by ongoing conflict.