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Hot jobs report puts Fed cuts further out of reach as Chair Warsh faces policy tests
Another big jobs report in May has pretty much swept aside the possibility of interest rate cuts anytime soon — and in the process underscored the tricky policy path ahead for new Federal Reserve Chair Kevin Warsh. The chance of rate reductions already had been on life support heading into Friday's nonfarm payrolls report. But the unexpectedly strong gain of 172,000, compounded by sharp upward revisions for prior months, makes the case for policy easing even weaker, particularly considering...
Trump’s economic chief says inflation is falling. Data says otherwise
Trump’s economic chief says inflation is falling. Data says otherwise In April, inflation reached its highest level in three years - Bookmark American households are once again feeling the squeeze as inflation, after a period of gradual cooling, is on the ascent, making essential goods like gas and groceries increasingly unaffordable. In April, inflation reached 3.8 percent from a year earlier, marking its highest level in three years.
A Moment of Truth for American Grass
Every time the United States hosts a major international soccer tournament, the world’s finest players unite to complain about our god-awful fields. At the 2024 Copa América, the Argentine goalkeeper Emi Martínez—widely regarded as one of the best in the world—described the field in Atlanta’s Mercedes-Benz Stadium as both “a trampoline” and “a disaster.” Last year, Chelsea’s captain, Reece James, who played a Club World Cup match in New Jersey’s MetLife Stadium, called the pitch bad for the...
Americans say tipping practices 'have become ridiculous' as digital prompts push higher gratuities
Americans may be reaching a tipping point with tipping screens. A recent Popmenu survey found that 78% of consumers believe tipping practices "have become ridiculous," while nearly three-quarters of people — or 74% — say they've noticed restaurants raising the suggested gratuity amounts displayed on digital payment screens. When faced with those prompts, 59% of the 1,000 adults surveyed in March said they feel compelled to leave a tip.