President Joe Biden’s decision to end his bid for a second term has dramatically reshaped his role at the Democratic National Convention. Despite this change, Biden’s message about the importance of the upcoming election remains consistent, according to sources within the Biden camp. The outgoing president will use his keynote address on Monday to advocate
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In a recent video posted by United Auto Workers President Shawn Fain, Stellantis CEO Carlos Tavares was heavily criticized for various issues. Fain accused Tavares of price gouging consumers and failing to uphold parts of the union’s labor contract with the automaker. These comments come after contentious collective bargaining talks last year between the UAW
The recent resignation of Nemat “Minouche” Shafik, the president of Columbia University, has brought to light the challenges faced by the Ivy League institution over the past year. Shafik’s departure comes after months of criticism, particularly in response to protests on the Manhattan campus regarding the war in Gaza. The backlash from anti-war demonstrators, as
Inflation data released by the Labor Department indicated that consumer prices rose in July, mainly due to increased housing-related costs. The Consumer Price Index (CPI) showed a 0.2% increase for the month, resulting in a 2.9% annual inflation rate. Economists had predicted a slightly higher reading of 0.2% and 3%, respectively. Excluding food and energy,
The rollout of the new Free Application for Federal Student Aid, better known as FAFSA, has been widely regarded as disastrous. Many college students are still unsure about the status of their aid awards for the fall semester. Beth Maglione, interim president and CEO of the National Association of Student Financial Aid Administrators, criticized the
The latest report from the New York Federal Reserve has shown that consumers are becoming increasingly confident in the outlook for inflation. While respondents expect inflation to remain high over the next year, there is a belief that it will start to recede in the coming years. This optimism is reflected in the survey results,
Former President Donald Trump has once again resorted to spreading misinformation by falsely accusing Vice President Kamala Harris of fabricating images of crowd sizes at her rallies using AI technology. Trump took to Truth Social to claim that Harris cheated by creating a fake crowd at the airport, despite evidence that proves otherwise. The accusation
Barbara Res, the Trump Organization’s former executive vice president of construction and development, recently disputed former President Donald Trump’s account of riding with former San Francisco Mayor Willie Brown in a helicopter that had to make an emergency landing in the 1990s. According to Res, the incident actually took place while they were working on
Senator Elizabeth Warren, D-Mass., has raised serious concerns about the Tesla board’s oversight of CEO Elon Musk’s use of company resources to benefit his other ventures, such as SpaceX and xAI. In a letter to Tesla Chairwoman Robyn Denholm, Warren highlighted potential conflicts of interest that may be harming Tesla’s shareholders. This comes after previous
The statistics surrounding credit card debt in America are alarming. According to the Federal Reserve Bank of New York, Americans collectively owe a staggering $1.14 trillion on their credit cards. This figure represents a significant increase, with the average balance per consumer now standing at $6,329 – up 4.8% year over year, as reported by