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- Top Trump economist calls new inflation data ‘blockbuster,’ says economy mirrors first term gain...
White House National Economic Council Director Kevin Hassett praised Thursday’s consumer price index (CPI) report, which showed inflation rose less than expected."It was just an absolute blockbuster report," Hassett told "Varney & Co.""Before the numbers come out, we look at the forecast from everybody we can find on Bloomberg. We've looked at 61 forecasts, and this number came in better than every single one of them," he added.TRUMP TOUTS BRINGING COUNTRY BACK FROM 'BRINK OF RUIN'Hassett continued, honing in on the near-term trajectory. He added that core inflation, when averaged over the past three months and annualized, is running at just 1.6%, which he argued reflects the success of the Trump administration’s efforts to boost aggregate supply and push prices lower."We've got high growth, and we have core inflation running at 1.6% if you look at the last quarter, and I think that's about where we should be," he said.US… ...[TheTopNews] Read More.2 days ago - From A.I. to Tariffs, 14 Charts That Explain 2025
President Trump’s trade policy, inflation and climbing stock prices shaped business and the economy this year. ...[TheTopNews] Read More.2 days ago - How Build-A-Bear went from a penny stock to a retail winner
Build-A-Bear Workshop's business plummeted during the pandemic, but under CEO Sharon Price John, the company has undergone a significant turnaround. ...[TheTopNews] Read More.2 days ago - London’s West End bucks Christmas shopping trends
While UK high streets saw a drop in footfall on Black Friday, the West End saw a rise in shoppers. ...[TheTopNews] Read More.2 days ago - Instacart agrees to $60M consumer refunds after FTC accuses company of hidden fees and forced subscr...Grocery delivery giant Instacart will pay $60 million in consumer refunds under a settlement with the Federal Trade Commission (FTC) after the agency accused the company of misleading shoppers and driving up grocery costs for Americans.The FTC alleged Thursday that Instacart falsely advertised free delivery on first orders, implied full refunds that were not provided, and enrolled consumers in paid subscriptions without clear consent — claims the company disputes."Instacart misled consumers by advertising free delivery services — and then charging consumers to have groceries delivered — and failing to disclose to consumers that signed up for a free trial that they would be automatically enrolled into its subscription program," Christopher Mufarrige, director of the FTC’s Bureau of Consumer Protection, said in a statement. OLDER AMERICANS LOST UP TO $81.5B IN THE PAST YEAR TO FINANCIAL FRAUD, FTC REPORT SAYSRegulators allege Instacart promoted "free delivery" while charging mandatory service fees — sometimes… ...[TheTopNews] Read More.2 days ago
- Former NASCAR driver Greg Biffle built a lucrative racing career before fatal plane crashFormer NASCAR driver Greg Biffle, 55, was among seven people killed in a plane crash in North Carolina on Thursday.Biffle, his wife and two children, and three others were aboard a Cessna C550 owned by Biffle when it crashed at Statesville Regional Airport.According to Spotrac, Biffle made more than $58 million in career earnings. Spotrac's data ranges from 2002 through 2015, as NASCAR has not disclosed winnings since 2016, Biffle's final year as a full-time racer. In that season, he finished 23rd in the standings. The year prior, when he finished 20th, he made more than $4.9 million, so one could assume he potentially surpassed the $60 million mark.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COMBiffle's most profitable seasons were in 2005, 2012, and 2014, the only campaigns in which he amassed $5 million. In 2005, when he racked up a career-best six of his 19 checkered flags, he earned… ...[TheTopNews] Read More.2 days ago
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