Rate of Inflation Slows, Still Climbed 0.3% in Urban Areas, Impact Worse in Rural Areas. Inflation at 8.3% Annually

Rate of Inflation Slows, Still Climbed 0.3% in Urban Areas, Impact Worse in Rural Areas.  Inflation at 8.3% Annually

Washington, DC…The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis after rising 1.2 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.3 percent before seasonal adjustment. Increases in the indexes for shelter, […]

PG&E and California Fire Foundation Join Forces to Bolster Wildfire Safety and Preparedness & Applications Being Accepted for Fire Safety, Public Education Grants

PG&E and California Fire Foundation Join Forces to Bolster Wildfire Safety and Preparedness & Applications Being Accepted for Fire Safety, Public Education Grants

Sacramento, CA…Pacific Gas and Electric Company (PG&E) and The PG&E Corporation Foundation (Foundation) are continuing their partnership with the California Fire Foundation to (CFF) increase wildfire safety and preparedness. PG&E and The Foundation are providing $1.4 million, in aggregate, to CFF’s Wildfire Safety and Preparedness Program (WSPP). Now in its fifth year, the program’s objective […]

The US Economy Adds Another 428,000 Jobs in April

The US Economy Adds Another 428,000 Jobs in April

Washington, DC…Total nonfarm payroll employment increased by 428,000 in April, and the unemployment rate was unchanged at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread, led by gains in leisure and hospitality, in manufacturing, and in transportation and warehousing. This news release presents statistics from two monthly surveys. The […]

Federal Reserve Raises Interest Rates Another 50 Basis Points

Federal Reserve Raises Interest Rates Another 50 Basis Points

Washington, DC…Although overall economic activity edged down in the first quarter, household spending and business fixed investment remained strong. Job gains have been robust in recent months, and the unemployment rate has declined substantially. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures. The invasion […]

US Economy Shrinks by 1.4% in Gross Domestic Product, First Quarter 2022 Estimate

US Economy Shrinks by 1.4% in Gross Domestic Product, First Quarter 2022 Estimate

Washington, DC…Real gross domestic product (GDP) decreased at an annual rate of 1.4 percent in the first quarter of 2022 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 6.9 percent.  The GDP estimate released today is based on source data that are […]

Another Crew of Astronauts Headed to the Space Station

Another Crew of Astronauts Headed to the Space Station

Cape Canaveral, FL…On Wednesday, April 27 at 3:52 a.m. ET, 7:52 UTC, Falcon 9 launched Dragon’s fourth science expedition mission Crew-4 to the International Space Station from Launch Complex 39A at NASA’s Kennedy Space Center in Florida. Following stage separation, Falcon 9’s first stage landed on the A Shortfall of Gravitas droneship. Dragon will autonomously […]

Full Production of F-150 Lightning Trucks Begins at Rouge Electric Vehicle Center at Ford’s Historic Rouge Complex

Full Production of F-150 Lightning Trucks Begins at Rouge Electric Vehicle Center at Ford’s Historic Rouge Complex

Dearborn, MI…Today marks the launch of the all-new, electric F-150 Lightning pickup – a milestone moment in America’s shift to electric vehicles.  F-150 Lightning trucks are now being built for customers across America. F-150 Lightning is the fastest-accelerating F-150 yet and the only full-size electric pickup available now with a starting price less than $40,000. […]

Elon Musk to Acquire Twitter

Elon Musk to Acquire Twitter

San Francisco, CA…Twitter, Inc. (NYSE: TWTR) today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company. Under the […]

Tesla Releases Electrified Earnings! Revenue Up, Margins Up Even with Covid Shuttering China!

Tesla Releases Electrified Earnings!  Revenue Up, Margins Up Even with Covid Shuttering China!

Austin, TX…The first quarter of 2022 was another record quarter for Tesla by several measures such as revenues, vehicle deliveries, operating profit and an operating margin of over 19%. Our outstanding recourse debt has fallen below $0.1B at the end of Q1. Public interest in a sustainable future continues to rise, and we remain focused […]

USGA and Pebble Beach Company Announce Landmark Partnership

USGA and Pebble Beach Company Announce Landmark Partnership

Pebble Beach, CA…Building upon a nearly century-long relationship, the United States Golf Association and Pebble Beach have forged a landmark partnership that seeks to benefit the game of golf for generations to come.  As part of today’s announcement, Pebble Beach will now host four future U.S. Opens (2027, 2032, 2037 and 2044) as well as four […]

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