An inflation gauge closely tracked by the Federal Reserve shows price pressures continue to cool
An inflation gauge closely tracked by the Federal Reserve shows price pressures continue to cool
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U.S. Economy Grew at 3.3% Rate in Latest Quarter
The U.S. economy continued to grow at a healthy pace at the end of 2023, capping a year in which unemployment remained low, inflation cooled and a widely predicted recession never materialized. Gross domestic product, adjusted for inflation, grew at a 3.3 percent annual rate in the fourth quarter, the Commerce Department said on Thursday….
Ford cutting F-150 Lightning truck production on weak demand
Ford Motor said Friday it would reduce production of its F-150 Lightning pickup truck, as demand for electric vehicles softens. The No. 2 US automaker said it would cut production at its Michigan Rouge Electric Vehicle Center to one shift starting April 1. In October, the automaker said it would temporarily cut one of three shifts…
In-N-Out Burger in Oakland to close doors for good over of out-of-control crime, company says
In-N-Out Burger’s only location in Oakland is closing after the cherished fast-food joint decided it could no longer risk the safety of fed-up workers and patrons in the city plagued by recent crime. The location will shut its doors in March — despite the burger spot turning a profit — because of the constant crime…
George Carlin estate sues over fake comedy special purportedly generated by AI
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A private prison health care company accused of substandard care is awarded new contract in Illinois
SPRINGFIELD, Ill. — Illinois has awarded a more than $4 billion prison medical care contract to the same company it’s used for three decades, despite multimillion-dollar lawsuits against the firm and statewide complaints alleging substandard care. Pittsburgh-based Wexford Health Sources was one of two companies responding to a request for proposals from the Illinois Department…
US safety agency closes probe into Dodge and Ram rotary gear shifters without seeking a recall
U.S. auto safety regulators will not seek a recall after a seven-year investigation into complaints that Dodge and Ram vehicles can roll away after being shifted into park. The problem was similar to one that was blamed in the death of Star Trek actor Anton Yelchin, although the company was in the process of recalling…