Business

Google on Friday announced it will invest $1 billion within the next two years to expand its data center infrastructure in North Carolina.The investment will focus on the expansion of a data center facility in Lenoir, North Carolina. Google has had a presence in the area for 15 years between the data center and an office in Durham.The Google data center in Lenoir helps support Google services including Maps, Photos, Search, […]

Egg prices have declined rapidly over the last year as the market normalizes following a significant avian flu outbreak that began in 2022, though the threat of a resurgence in the virus could lead to volatility later this year.The Bureau of Labor Statistics (BLS) on Wednesday reported the consumer price index (CPI) for February, which showed egg prices declined by 3.8% in the month and are down 42.1% from a year […]

The U.S. economy grew at a slower rate than previously thought in the fourth quarter after the Commerce Department released its first revision of real gross domestic product (GDP) growth for the latest quarter.The Bureau of Economic Analysis (BEA) released its second estimate of fourth-quarter GDP, which showed the economy grew at a 0.7% rate. That was slower than the 1.4% estimate of economists polled by LSEG, and below the Commerce […]

The Federal Reserve's preferred inflation gauge remained stubbornly high in January as consumers continued to face elevated price growth.The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose 0.3% on a monthly basis in January and is up 2.8% from a year ago. The monthly figure was in-line with the expectations of economists polled by LSEG, while the annual figure was slightly lower than the 2.9% estimate.Core PCE, […]

So let me get this right. After every Democrat in the House and Senate who voted against One, Big, Beautiful Bill — and therefore promoted a roughly $5 trillion tax hike — now a couple of presidential wannabees, like Senators Cory Booker and Chris Van Hollen, are surfacing plans that would end most income taxes for middle-class Americans, this according to a Wall Street Journal news story. The two men […]

A long-stalled plan to redevelop a deteriorating New Jersey shopping center is once again before local officials.The Raritan Borough Planning Board recently reviewed a new site plan application for Raritan Lofts, which calls for a five-story, mixed-use building that would replace much of the largely vacant Raritan Mall in Somerset County, roughly 45 miles southwest of New York City.Submitted by Raritan Mall Urban Renewal LLC, the proposal outlines the demolition […]

In what has become a now-familiar refrain, President Donald Trump on Thursday pressed Federal Reserve Chair Jerome Powell to cut interest rates immediately, rather than wait for the next policy meeting."Where is the Federal Reserve Chairman, Jerome "Too Late" Powell, today? He should be dropping Interest Rates, IMMEDIATELY, not waiting for the next meeting," Trump wrote in a Truth Social post using a mocking nickname for Powell. The comments come ahead […]

President Donald Trump has reportedly been gifting Florsheim dress shoes to top administration officials, turning the 134-year-old brand into an unexpected status symbol inside the White House.Trump has surprised some Cabinet members, White House advisors and members of Congress with the shoes – sometimes even guessing their sizes and instructing staff to place the orders. The president personally pays for the footwear, The Wall Street Journal reported.At Cabinet meetings, Trump […]