Daily Archives: March 12, 2024


US Inflation Rises in February in Sign Price Pressures Remain Elevated

WASHINGTON — Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’s reelection campaign, both of which are counting on a steady easing of price pressures this year.  Prices rose 0.4% from January to February, higher than the previous month’s figure of 0.3%, the Labor Department said Tuesday. Compared with a year earlier, consumer prices rose 3.2% last month, faster than January’s 3.1% annual pace.  Excluding volatile food and energy prices, so-called “core” prices …


US House Expected to Pass Bill Forcing Chinese Company to Give Up TikTok

WASHINGTON — The U.S. House of Representatives is expected to approve legislation Wednesday that would force the popular TikTok video app to either separate from its Chinese-owned parent company ByteDance or sell the U.S. version of the software. The bipartisan Protecting Americans from Foreign Adversary Controlled Applications Act “gives TikTok six months to eliminate foreign adversary control — which would include ByteDance divesting its current ownership — to remain available in the United States,” said Representative Mike Gallagher, chairman of the House Select Committee on Strategic Competition Between the United States …


Trump: TikTok Poses National Security Threat, but Banning It Would Help Facebook

NEW YORK — Former President Donald Trump said Monday that he still believes TikTok poses a national security risk but is opposed to banning the hugely popular app because doing so would help its rival, Facebook, which he continues to lambast over his 2020 election loss. Trump, in a call-in interview with CNBC’s “Squawk Box,” was asked about his comments last week that seemed to voice opposition to a bill being advanced by Congress that would effectively ban TikTok and other ByteDance apps from the Apple and Google app stores as …