Business

Plenty of good economic news this week, with an outsize gain in jobs, especially private sector jobs. And a much lower-than-expected report on consumer prices.All this with a stock market hovering near 50,000 amidst booming productivity, low energy prices, and a more than trillion dollar deregulation at EPA. And even a Gallup poll showing a 49-36% rebound in economic confidence.So you sort of have to wonder why the Wall Street […]

Texas Gov. Greg Abbott released a five-point plan to reform the Lone Star State's property tax system to provide more relief to homeowners.The Republican governor is making the property tax overhaul a key plank in the platform for his re-election campaign as he seeks a fourth term in office.Abbott announced the plan Wednesday during a Taxpayer Empowerment event in Houston and said the five-point plan would impose tougher limits on local government […]

Thousands of smoke detector fire alarms sold exclusively on Amazon are being recalled over a sound issue that could pose a fire hazard.The Consumer Product Safety Commission (CPSC) said in a notice that 11,000 LShome Photoelectric 3-Pack Smoke Detector Fire Alarms may fail to activate promptly if the sensing threshold of security warnings is set too high.The alarms are white and circular, and have a light sound warning and test […]

Americans are getting some relief from lower gasoline prices, which the latest inflation data from the Labor Department shows have declined substantially over the last year.The Bureau of Labor Statistics on Friday released the consumer price index (CPI) for January, which showed headline inflation was up 2.4% from a year ago, while core CPI, which excludes volatile measurements of food and energy, was up 2.5% in that period.Energy prices fell 1.5% in […]

A better-than-expected January inflation report sparked a market rebound Friday, reinforcing optimism that easing price pressures could give the Federal Reserve more flexibility on interest rates in the months ahead.The Consumer Price Index rose 0.2% month over month in January, below expectations for a 0.3% increase. On an annual basis, headline inflation came in at 2.4%, also under forecasts. The data immediately lifted equity markets as investors re-calibrated expectations for […]

High-net-worth Californians are increasingly setting their sights on Las Vegas as they look to reduce their tax burden and protect their finances as a proposed wealth tax looms in the Golden State. New data shows that by the end of 2025, more than 23% of Realtor.com listing views for Las Vegas homes came from Los Angeles, making it the leading source of out-of-market interest.San Jose accounted for more than 8% of […]

As artificial intelligence changes how Americans do their jobs, a growing debate is unfolding in Washington over what it means for workers’ futures.Congress has yet to pass sweeping AI legislation, but lawmakers are closely watching as the technology evolves at breakneck speed.That urgency intensified this week after a viral X post from Matt Shumer, CEO of HyperWriteAI, racked up more than 75 million views and over 100,000 likes, warning of […]

SpaceX and NASA launched a new crew Friday to the International Space Station nearly one month after prior crew members were evacuated following a medical emergency in orbit. NASA said the SpaceX Crew-12 mission lifted off at 5:15 a.m. from the Cape Canaveral Space Force Station in Florida.  "The spacecraft will take about 34 hours to autonomously dock with the space station’s Harmony module at 3:15 p.m. Saturday, Feb. 14, while traveling 17,000 […]

Inflation remained elevated in January as the pace of consumer price growth stayed above the Federal Reserve's target rate as policymakers weigh affordability concerns.The Bureau of Labor Statistics on Friday said that the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – rose 0.2% on a monthly basis in January and trended down to 2.4% on a year-over-year basis. That […]