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Inflation hits 8.5% annually in July, monthly rate remains unchanged

Details: 2 days ago · The Consumer Price Index (CPI), a measure of inflation, decreased to 8.5% annually in July, according to the latest report from the Bureau of Labor Statistics (BLS). On a monthly basis, inflation

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Has inflation peaked

Details: 10 hours ago · As of August 12, 2022. "While prices did not change from June to July 2022, prices increased 13.3% from January 2021 to July 2022, costing the average American household $717 in July 2022 alone

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STOCK MARKET NEWS: Nasdaq enters bull market, Dow adds 535 …

Details: STOCK MARKET NEWS: Nasdaq enters bull market, Dow adds 535 points, Disney earnings in focus. Investors react to the latest consumer price data and look ahead to earnings from Disney.

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Dollar tumbles after cooler-than-expected US inflation data

Details: The dollar fell more than 1 percent on Wednesday following a cooler-than-expected inflation report for July that raised expectations of a …

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Mortgage rates rise again, showing that rate volatility persists

Details: 1 day ago · Mortgage rates reacting to conflicting economic data. Mortgage rates have fluctuated in the third quarter of 2022, with the average 30-year fixed-rate swinging from 5.70% at …

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Inflation will be a 'major issue' for some time, Former Kansas City …

Details: 2 days ago · Former Kansas City Federal Reserve President and CEO Thomas Hoenig weighed in on the latest inflation data, which revealed that the …

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Mazda moves away from Chinese suppliers, attempts to bolster …

Details: 4 hours ago · Mazda's decision to increase production and stockpile resources outside its Chinese supply lines comes after years of compromised productivity due to the worldwide COVID-19 pandemic. The company

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LIVE Stock market updates and business headlines

Details: Trump's positive COVID-19 test rattles financial markets. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset.Powered and implemented by FactSet

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US will soon find out it 'met the technical definition of a …

Details: Data will soon reveal US 'met the technical definition of a recession,' investment expert predicts. Kevin Mahn, president and chief investment officer of Hennion & Walsh Asset Management, notes

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Key Fed GDP tracker turns negative, signaling recession is …

Details: Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset.Powered and implemented by FactSet Digital Solutions. Legal Statement.Mutual Fund and ETF data

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STOCK MARKET NEWS: Nasdaq slides on Micron warning, CPI …

Details: China, the world's largest crude oil importer, brought in 8.79 million barrels per day of crude in July, 9.5% less than a year earlier but up from June's volumes, according to …

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GDP contraction deepens giving fresh recession clues amid …

Details: The contraction last quarter was the first drop in GDP since the second quarter of 2020 when the U.S. was deep in the throes of the COVID-19 recession. The 2022 drop also followed a robust 6.9%

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Carnival Cruises drops exemption request for unvaccinated guests, …

Details: 20 minutes ago · The industry employs about 250,000 workers from over 100 countries, and their jobs range from a ship's captain to a cocktail mixer, …

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Democrats' minimum corporate tax would hit these industries the …

Details: The levy would only apply to companies that reported more than $1 billion in income. Democrats said the levy would affect around …

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Sen. Hagerty slams Biden, IRS over calling for bank data: 'This is …

Details: Sen. Bill Hagerty, R-Tenn., criticizes Democrats' spending bill that boosts power of the IRS and enables the government to 'snoop' on Americans.

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GEICO closes all California offices, lays off workers: report

Details: GEICO has closed all of its 38 offices in California, resulting in the layoffs of hundreds of workers, though residents can still obtain policies through a computer.

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Wholesale inflation climbs 10.8% in May, hovering near record high

Details: The Labor Department said Tuesday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, climbed 10.8% in May from the previous year. On a

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Elon Musk says Twitter deal could go forward once user data …

Details: Elon Musk's deal to buy Twitter may still go ahead, if the details on the social media platform's actual user accounts can be confirmed. Musk wants to know how many are ‘spam bots’ and how

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STOCK MARKET NEWS: Bed Bath & Beyond shakeup, stocks …

Details: Data from American Petroleum Institute showed gasoline and distillates stocks rose while crude inventories fell for the week ending June 24. Posted by Ken Martin Share.

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Elon Musk Twitter deal financing put on hold over threats: report

Details: Elon Musk's bid to purchase Twitter has been put on hold over concerns about his ability to arrange new financing that would limit his cash …

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Walgreens launches tool to track COVID-19 cases as omicron surges

Details: The Walgreens COVID-19 Index, which uses testing data from Aegis Sciences Corporation, can track the spread of the omicron variant within 24 to 48 hours, the company announced Wednesday. The index

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A Theranos database is useless. What happened

Details: Theranos gave the government a copy of the database on an encrypted hard drive in August 2018, both sides said in court filings. They also agree that soon after, Theranos employees and contractors

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