Unexpected Inflation Heat Wave Scorches Hopes for Rate Cuts

In January, inflation slowed down again but still exceeded Wall Street’s forecasts, complicating the Federal Reserve’s journey towards interest rate reductions. This may allow the central bank to delay action until mid-year.  Inflation Eases, Uncertainty Lingers The Labor Department’s Tuesday report showed a 3.1% year-on-year increase in consumer prices for January, down from December’s 3.4%…

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California Students Struggle Despite $250K Federal Investment in Non-Binary Kindergarten Program: Only 4% Proficient in Math, 12% in English

A report reveals that a San Francisco Bay-area elementary school continues to grapple with low math and reading scores despite employing “Woke Kindergarten” to train its teachers. High Hopes, Low Scores? The school spent $250,000 in federal funds to improve scores in some of America’s most struggling schools and hasn’t seen the desired results, as…

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McDonald’s CEO Warns California Wage Hikes May Result in Price Increases

While McDonald’s outperformed earning estimates, its CEO warned about the future. California recently passed a law ensuring all fast food workers earn $20 an hour, which McDonald’s could use to raise prices. Easy money McDonald’s is doing well. As of October 2023, revenue has climbed more than 14% year-over-year. Yahoo Finance reported that adjusted earnings…

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Crisis Looms Over Rooftop Solar Sector as Financial Missteps and Legal Battles Escalate

A shift has occurred in the rooftop solar industry, transitioning from straightforward panel sales to more complex financial transactions involving leases or loans. This change has caught many consumers off-guard, leading to significant financial burdens. Homeowner’s Financial Shock Mary Ann Jones, an 83-year-old resident, told the Times that she was unexpectedly burdened with a hefty…

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California Faces Deepening Insurance Crisis as More Providers Exit the Market

The Hartford Financial Services Group Inc., also known as The Hartford, is the latest to join a growing list of insurers withdrawing from California.  Exiting California’s Insurance Market They announced on Wednesday that starting in February, they won’t offer new personal property insurance in the state. The Hartford will stop offering new personal property insurance…

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