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The rockets and feathers effect: Inflation eases but grocery bills do not

Economics has a term for what U. S. grocery prices have done in recent years: rockets and feathers. Rockets, because the cost of food eaten at home zoomed up in the aftermath of the pandemic. Feathers, because once prices rise, they’re slow to come down. That’s been frustrating for Americans hit with the sharpest increase in grocery prices in 50 years. While food price inflation peaked in 2022, when prices jumped 11. 4%, prices have not reversed course. An acceleration in flation after the...

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Trump returns to correspondents dinner for a rambling, insult-filled speech 3 months after shooting

President Donald Trump returned to the rescheduled White House Correspondents' Association dinner Friday night, delivering a rambling, hour-long speech that praised some journalists, took potshots at others, made jokes about public figures' weight and intellect, and quipped about a third presidential term. He assured the crowd of journalists, though, that he'd scrapped the most biting parts of his remarks. “That was going to be a doozy,” Trump said about the speech he’d been prepared to...

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SpaceX launches Starship on another test flight, this time with the most advanced Starlinks

SpaceX’s mammoth Starship rocket blasted off Friday on another test flight stretching halfway around the world, this time releasing 20 of the most advanced Starlinks. Towering 407 feet (124 meters), Starship soared from the company’s base at the southern tip of Texas. NASA monitored the space-skimming flight, a critical step toward using the Starship as a lunar lander for moon crews. The hourlong journey ended with a splashdown so soft that the spacecraft remained afloat in the Indian as a...

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