WASHINGTON (AP) — U.S. inflation slowed unexpectedly last month according to data that was delayed and likely distorted by the government shutdown. The Labor Department reported Thursday that its consumer price index rose 2.7% in November from a year earlier. Yet, year-over-year inflation remains well above the Federal Reserve’s 2% target, and Americans are complaining…… MORE
WASHINGTON (AP) — President Donald Trump has signed an executive order that could reclassify marijuana as a less dangerous drug. This move could ease regulations and expand medical research by shifting marijuana from a Schedule I drug, like heroin, to a Schedule III substance, similar to ketamine. This change won’t legalize recreational use nationwide but…… MORE
SAN FRANCISCO (AP) — TikTok has signed a deal to sell its U.S. business to three American investors — Oracle, Silver Lake and MGX — ensuring the popular social video platform can continue operating in the United States. The deal is expected to close on Jan. 22, according to an internal memo seen by The…… MORE
NEW YORK (AP) — U.S. stocks rose following an encouraging report on inflation that could help the Federal Reserve keep cutting interest rates next year. A strong profit report from Micron Technology also helped AI stocks halt their sharp slides on Thursday, at least for now. The S&P 500 gained 0.8% to break a four-day…… MORE
FRANKFURT, Germany (AP) — The European Central Bank is leaving interest rates unchanged for the fourth meeting in a row as the economy in the 20 countries that use the euro increasingly looks strong enough to get by without the stimulus of lower borrowing costs for businesses and consumers. The bank’s rate-setting council on Thursday…… MORE