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By CHRISTOPHER RUGABER, Associated Press WASHINGTON (AP) — Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key interest rate as soon as its next meeting in July, underscoring deep divisions among Fed officials as they endure sharp criticism from the White House. Bowman said that President Donald Trump’s tariffs have so far not caused the jump in inflation that many economists feared, and any upcoming increase in prices would likely be just a one-time rise. “It is likely that the impact of tariffs on inflation may take longer, be more delayed, and have…
By Robbie Sequeira, Stateline.org The Trump administration is pushing to reshape the federal housing safety net by slashing spending and shifting the burden of housing millions of people to states, which may be ill-equipped to handle the mission. President Donald Trump’s recent budget request to Congress for fiscal year 2026, a preliminary plan released in early May and known as “skinny” because a more robust ask will follow, outlines a 44% cut to the U.S. Department of Housing and Urban Development, including a 43% reduction in rental assistance programs that support more than 9 million Americans. Trump also wants to consolidate federal…
For all of his talk about fighting socialism, President Donald Trump seems to have an affinity for socialist policies. Trump is going after Marxism in universities. He wants to rip out the roots in the military. He’s even against Marxists entering the country. But when he’s the Marxist, it’s just “The Art of the Deal.” Socialism is generally considered to be a Marxist utopia where the people, meaning the government, control the means of production. I don’t know a more fitting description for America’s new ownership interest, known as a “Golden share,” in U.S. Steel, as a condition to allow…
Jason Kephart and Susan Dziubinski of Morningstar Why do target-date funds make ideal IRA investments? Related Articles Compass files lawsuit against Zillow over private home listings policy With its stock in sharp decline, Trump’s media company will buy $400 million of its own shares What’s new: Stater Bros. opens bigger Highland store this week May home sales barely move as high mortgage rates, prices, weigh on housing market Health insurers promise to improve coverage reviews that prompt delays and complaints Here to discuss this topic is Jason Kephart, a senior principal with Morningstar’s manager research team. The interview has been…
By AAMER MADHANI WASHINGTON (AP) — President Donald Trump on Monday called for the U.S. and other oil-producing economies to pump more oil as crude prices remain volatile following U.S. strikes on Iranian nuclear facilities. Trump urged stepped-up production as the White House sharpened its warnings to Iran against closing the Strait of Hormuz, a vital oil and gas shipping lane, in retaliation for the U.S. strikes on Iran’s nuclear program. “To the Department of Energy: DRILL, BABY, DRILL!!! And I mean NOW!!!” Trump posted on social media. He added, “EVERYONE, KEEP OIL PRICES DOWN. I’M WATCHING! YOU’RE PLAYING RIGHT…
A gunman pretending to be a policeman shot and killed Minnesota Representative Melissa Hortman and her husband and injured state Senator John Hoffman and his wife. The accused perpetrator, 57-year old Vance Boelter is now in custody after a two-day search. According to Minnesota Governor Tim Walz and other officials, the rampage was, “a politically motivated assassination.” His family and friends have described him as a highly conservative and religious person and a Trump supporter who listened to the Infowars podcast – the show is hosted by Alex Jones, an inflammatory personality who is known for spreading far-right conspiracies including…
By MICHELLE CHAPMAN, Associated Press Real estate brokerage company Compass has filed a lawsuit against Zillow over its policy to ban private home listings. In a filing with the U.S. District Court for the Southern District of New York, Compass claims that “Zillow has sought to rely on anticompetitive tactics to protect its monopoly and revenues in violation of the antitrust laws.” Compass says that Zillow has implemented an exclusionary policy that says if a home seller and their real estate agent market their property off Zillow for more than one day, that Zillow and its allies, Redfin and eXp…
By CHRISTINE FERNANDO CHICAGO (AP) — President Donald Trump and his allies have repeatedly called for mask-wearing at protests to be banned and for protesters whose faces are covered to be arrested, with the most recent push following demonstrations in Los Angeles over immigration raids. Legal experts told The Associated Press there are a variety of reasons people may want to cover their faces while protesting, including to protect their health, for religious reasons, to avoid government retaliation, to prevent surveillance and doxing, or to protect themselves from tear gas. With legislative action happening across the U.S., they say it’s…
Stater Bros. Markets is opening Wednesday, June 25 in the Greenspot Crossings shopping center in Highland. The store at at 27920 Greenspot Road replaces a longstanding Stater Bros. at E. Highland Ave. The San Bernardino-based supermarket chain notes that the new store, at 46,000 square feet, is nearly double the size of the store it is replacing. The Greenspot store will feature meat, seafood, deli and bakery departments, in addition to a large selection of pantry goods and produce, sushi and fruit stations. The grand opening begins with a ribbon-cutting at 8 a.m. with Citrus Valley High’s school band providing…
A Los Angeles police sergeant and a motorist in his 30s were killed Monday morning, June 23, when the sergeant stopped on the southbound 405 Freeway to assist the man and both were struck by another vehicle. The crash was reported to the California Highway Patrol at 1:58 a.m. on the southbound 405, just north of Moraga Drive, where a silver truck was blocking the HOV lane. It was reported that three vehicles were involved. The motorist died at the scene, said Los Angeles Fire Department spokeswoman Lyndsey Lantz. Two patients, including the police sergeant, were taken by ambulance to…