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Fed’s favorite core inflation measure hits 2.6% in January, as expected newsthirst.

Inflation eased slightly in January as worries accelerated over President Donald Trump’s tariff plans, according to a Commerce Department report Friday. The personal consumption expenditures price index, the Federal Reserve’s preferred inflation measure, increased 0.3% for the month and showed a 2.5% annual rate. Excluding food and energy, the core PCE also rose 0.3% for…

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Trump announces $20 billion foreign investment to build new data centers newsthirst.

President-elect Donald Trump on Tuesday announced a $20 billion foreign investment to build new data centers across the United States. Emirati billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging “at least” that amount, the president-elect said at his Florida home, Mar-a-Lago. “They may go double, or…

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House panel subpoenas tech giants over ‘foreign censorship’ of speech newsthirst.

Rep. Jim Jordan (R-OH) is interviewed by FOX and Friends at the U.S. Capitol on Jan. 3, 2025 in Washington, DC. Chip Somodevilla | Getty Images House Judiciary Chair Jim Jordan, R-Ohio, sent subpoenas to eight technology companies asking for more information about their communications with foreign governments over concerns that they seek to “censor…

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AI-generated child abuse global hit leads to dozens of arrests newsthirst.

At least 25 arrests have been made during a worldwide operation against child abuse images generated by artificial intelligence (AI), the European Union’s law enforcement organisation Europol has said. The suspects were part of a criminal group whose members engaged in distributing fully AI-generated images of minors, according to the agency. The operation is one…

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