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The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis, after rising 0.4 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.4 percent before seasonal adjustment. Advertisement The index for shelter rose in April, as did the index for gasoline. Combined, these two indexes contributed over seventy percent of the monthly increase in the index for all items. The energy index rose 1.1 percent over the month. The food index was unchanged in April. The food at home...

Could a second Biden term be more injurious to the economy than his first term? It seems unimaginable given the first three years gave us 20% inflation, a $2,000 loss in average real incomes for the middle class, 6 million added illegal immigrants, a war on American energy that has caused gas prices to rise by more than 40% to $3.64 a gallon, the collapse of our many major cities, another $6 trillion added to the national debt, the unaffordability of new homes, and the chaos on college campuses. So what's the encore to that abysmal performance? What will Bidenomics...

Burnett Plaza, the tallest building in Fort Worth, has been sold at foreclosure auction for $12.3 million. It previously sold in 2021 for $137.5 million.

Cathy R., 63, has a master's degree and has worked all her life, though she's very worried for her future. The clerical worker in Minnesota has struggled to rise up the ranks throughout her career. She said she's earning a salary similar to some entry-level positions despite nearly three decades in her current role. She's nervous that even though she's eligible for a pension in a few years, it won't supplement Social Security payments nearly enough to live comfortably. "I can't afford life while working. How can I even think of retiring?" the St. Paul, Minnesota resident said. ...Cathy grew...

Today's Kuhner report wades into topics ranging from Biden's reality disconnect and the poor economy to the increase in the number of "working homeless".

President Joe Biden stubbornly refused to admit Americans' struggles with inflation might cost him the election in a rare interview Wednesday. A growing economy could inspire confidence in Biden's leadership ahead of the election, but the issue of persistent inflation could ruin that. Biden, who was in Wisconsin to tout his record on the economy and to announce an investment by Microsoft to build a factory, defended his handling of inflation.

Navy Seal Author and Historian Matt Bracken comes back on the podcast to discuss the House vote on foreign aid, how no election is fixing this, Iran, Russia, problems domestically and much more.

The high interest rates and crippling inflation brought to you by President Joe Biden’s disastrous economic policies mean young people are saddled with more credit card debt than previous generations. “Housing inflation has proven to be one of the stickiest components to drive up the cost of living, with rents outpacing salaries in all but six of the top 50 metropolitan areas,” reports Yahoo Finance. “Rising food prices and heavy student loan debt also factor in as young Americans are forced to tighten their belt by reducing expenses to their essentials.” Maybe these idiots should stop moving to metropolitan areas.

Mass migration has not delivered significant GDP growth per capita for the United Kingdom, but it has increased strain on the country, according to a new study. While illegal immigration recently hit record highs in the United States, legal immigration poses a significant issue for the U.K., where legal migration levels are more than 25 times the level of illegal levels, according to a report Wednesday from the Centre for Policy Studies, a U.K. think tank and advocacy group. The percentage of foreign-born people in the U.K. nearly doubled over two decades, with 9% of the population being foreign-born in...

The Federal Reserve is stuck between a rock and a hard place. If the Fed pushes rates higher, interest payments on our 34 trillion dollar national debt could spin wildly out of control and bank balance sheets will be in even worse condition than they are now. First Republic just bit the dust, and literally thousands of other small and mid-size banks and in serious jeopardy. So it would be suicidal to hike rates at this point. But if the Fed were to reduce rates, that would be like injecting jet fuel into a raging fire. Our ongoing inflation crisis...

The unbroken string of economic disasters that is Bidenomics now has a solid explanation. Jared Bernstein, the Chairman of the President's Council of Economic Advisers doesn't understand economics. While being interviewed for the newly released documentary Finding the Money, he was unable to explain how the Federal Reserve creates money--something I taught to freshmen in macroeconomics classes for 23 years. "The government definitely prints money, and it definitely lends that money by selling bonds," Bernstein guessed. "Is that what they do? They sell bonds, yeah, they sell bonds. Right? Since they sell bonds, and people buy the bonds and lend...

A vegan cafe owner in Milwaukee who recently spoke beside former President Trump at a Waukesha rally told Fox News that her remarks were a plea to the person she voted for in 2020 — President Biden — to understand the plight of struggling business owners like herself. Shana Gray said that since her appearance, it has been an "eventful" time, which host Laura Ingraham reported included messages of hate and at least one case of a person with differing political beliefs "storm[ing]" her cafe. "I just pretty much put a plea out there to the administration of which I...

Here at Jalopnik, we know there’s nothing wrong with keeping a beloved old beater running for mile after mile, and we regularly celebrate high mileage heroes. Now, it turns out the rest of America is catching onto this way of thinking as the savings of holding onto an old car for longer begin mounting up. Drivers across the country are increasingly holding onto their cars for longer than ever, with an increasing number hitting more than 100,000 miles in their cars, according to a new report from the Wall Street Journal. The trend comes as drivers realize the savings to...

The Biden administration has saddled the U.S. economy with more than $1 trillion worth of final rules and regulations thus far in 2024, according to analysis conducted by the American Action Forum (AAF).The Environmental Protection Agency’s (EPA) final emissions regulations for light- and medium-duty vehicles, which some have characterized as an electric vehicle (EV) mandate, pushed the costs of the Biden administration’s regulatory agenda over the $1 trillion threshold for 2024, alone, according to AAF’s analysis. Across all agencies and regulatory actions last week, the federal government published regulations imposing $103 billion worth of total costs and 11.6 million annual...

A viral clip of an interview with President Joe Biden’s economic adviser Jared Bernstein shows the official struggling to explain why the U.S. government chooses to borrow money when it can just print more. "The government definitely prints money, and it definitely lends that money … by selling bonds. Is that what they do? They sell bonds, yeah, they sell bonds. Right? Since they sell bonds, and people buy the bonds and lend them the money," Bernstein, chair of the Council of Economic Advisers, said when asked why the federal government borrows currency it can print. "I guess I’m just,...

A morning rush is nothing new for a coffee shop, especially not Starbucks. However, the global coffee chain recently found that its struggle to keep up with demand is leading some customers to second-guess purchasing their morning coffee. Starbucks just announced its financial earnings for the second quarter of 2024. Overall, its leadership was upfront in saying that the second quarter of 2024 was not a successful one for the business as a whole. The chain’s U.S. same-store sales declined 3%, and sales outside of North America decreased 6%. “Let me be clear,” Starbucks CEO Laxman Narasimhan said on the...

Economy, other factors have put pressure on consumers People seem to be buying less food from quick-service restaurants (QSR). That appears to be the case after companies such as Yum! Brands, Starbucks and McDonald’s offered their latest quarterly updates on their businesses. In the first quarter, the corporate parent of KFC, Taco Bell and Pizza Hut said its overall same-store sales narrowed by 3%, which was "expected," said Yum! Brands CEO David Gibbs in the company’s press release Wednesday. CFO Chris Turner told analysts and investors who tuned into the earnings call that Yum! Brands had expected the first quarter...

The April pronouncements of Federal Reserve Chairman Jerome Powell at Stanford University have sparked a crucial discourse about the ramifications of mass immigration on the American economy. Powell's observations emphasized the significant role of immigrants, particularly within lower-paying sectors of the labor market, prompting economists to hastily reconsider their projections. The forecasts presented by the Congressional Budget Office (C.B.O.) paint a stark panorama: an astounding 3.3 million individuals entered the United States in 2023 alone, with similar figures anticipated for 2024. While some champion these statistics as heralds of economic expansion, the underlying reality is bleak. The majority of this...

Former President Donald Trump vowed in Wisconsin to trash President Joe Biden’s so-called “Bidenomics” and reinstate “MAGAnomics” upon victory in November. The average Wisconsin family lost $21,981 due to the increased cost of living under Biden, the Republican National Committee estimated. The economy is the number one issue in 2024, according to CNN. About half of voters in swing states Wisconsin, Pennsylvania, and Michigan believe the economy got worse under Biden’s management, a CBS News poll found Sunday.

Americans have been sour on the economy since President Joe Biden was sworn into office. As we head into an election season that is likely to be a 2020 rematch between Biden and former President Donald Trump, voters give Republicans and Trump an edge on economic issues. An April 12-14 poll from Echelon Insights found that 57 percent of all voters somewhat or strongly disapproved of the way Biden is handling the economy, and favored Trump on making the economy work better by 48 percent to 40 percent. That's only a recent example of what surveys have routinely shown: Voters...