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US News

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New Jersey deli fraud defendant Patten seeks no prison time

TazaPulseJuly 16, 2026

Courtroom sketch of James Patten, left, and attorney Ira Sorkin at N.J. District Court in Camden, N.J., Oct. 11, 2022 Source: Elizabeth Williams The final defendant awaiting sentencing in the brazen $100 million New Jersey deli stock manipulation case is asking a judge to give him no prison time — despite having a prior felony...

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Fed Chairman Warsh faces an inflation credibility test: Analysis

TazaPulseJuly 16, 2026

Kevin Warsh, chairman of the US Federal Reserve, arrives for a House Financial Services Committee hearing in Washington, DC, US, on Tuesday, July 14, 2026. Daniel Heuer | Bloomberg | Getty Images Credibility is everything for Kevin Warsh. Congressional hearings this week showed how hard it will be for the new Federal Reserve chairman to...

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Amazon senior cloud executive departs after 18 years

TazaPulseJuly 16, 2026

People walk past the logo of Amazon Web Services (AWS) at its exhibitor stall at the India Mobile Congress 2025 at Yashobhoomi, a convention and expo center in New Delhi, India, October 8, 2025. Anushree Fadnavis | Reuters A longtime executive in Amazon‘s cloud unit is leaving the tech giant after nearly 19 years, the...

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Jay Clayton, DNI pick, won’t say if Biden beat Trump in 2020 election

TazaPulseJuly 15, 2026

US Attorney for the Southern District of New York Jay Clayton prepares to testifies during a Senate Intelligence Committee hearing on his nomination to be Director of National Intelligence, on Capitol Hill in Washington, DC, on July 15, 2026. Ken Cedeno | Afp | Getty Images Jay Clayton, President Donald Trump‘s pick for director of...

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New York Fed President Williams says inflation has peaked, rates ‘well positioned’

TazaPulseJuly 15, 2026

New York Federal Reserve President John Williams said Wednesday that he sees multiple signs that inflation has peaked, allowing the central bank to hold interest rates in place despite market expectations for a hike in coming months. In a speech delivered to business leaders in his home district, Williams cited five reasons why he expects...

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Wholesale inflation June 2026:

TazaPulseJuly 15, 2026

Wholesale prices unexpectedly fell in June as sliding energy costs helped brighten the inflation picture, the Bureau of Labor Statistics reported Wednesday. The produce price index posted a seasonally adjusted 0.3% decline for the month, compared with the Dow Jones consensus estimate for the final demand cost measure to be unchanged. On an annual basis,...

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No excuse to raise rates, Warsh will push Fed to right answer

TazaPulseJuly 15, 2026

National Economic Council Director Kevin Hassett said Wednesday he sees no argument for raising interest rates in light of the latest data on the U.S. economy, including an “amazing” inflation report. “There’s not really an excuse for raising rates right now,” Hassett said on CNBC’s “Squawk Box.” He said that he expects the Federal Reserve...

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Mortgage rates rise to highest level in nearly a year

TazaPulseJuly 15, 2026

For sale signs are posted in front of condominiums for sale on July 9, 2026 in Los Angeles, California. Justin Sullivan | Getty Images Mortgage rates rose last week to the highest level since August 2025, and that caused homebuyer demand for loans to pull back. Refinance demand, however, moved higher. Total mortgage application volume...

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Midnight social media curfews and infinite scroll limit for U.K. teens

TazaPulseJuly 15, 2026

In this photo illustration a 13-year-old teenage boy looks at an iPhone screen displaying various social media apps on January 12, 2026 in Bath, England. Matt Cardy | Getty Images News | Getty Images The U.K. government on Wednesday proposed new measures to protect older teens on social media, including a midnight curfew and a...

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Employees allege discrimination in AI-assisted layoffs

TazaPulseJuly 15, 2026

Mark Zuckerberg, CEO of Meta, is seen in the U.S. Capitol after a meeting in the office of Senate Majority Leader John Thune, R-S.D., March 26, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images A coalition of current and former Meta employees have sued the social media giant, alleging that the company used...