US producer prices surge in July as Trump tariffs push costs higher
WASHINGTON — U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports…
China’s economy lags in July under pressure from tariffs and a weak property market
BANGKOK — China’s economy showed signs of slowing in July as factory output and retail sales slowed and…
Most US stocks fall after a disappointing inflation update, but Big Tech keeps Wall Street steady
NEW YORK (AP) — Most stocks fell on Wall Street Thursday after a disappointing report said inflation was…
Average rate on a 30-year mortgage drops to lowest level since October
The average rate on a 30-year U.S. mortgage fell this week to its lowest level in nearly 10…
Stock Market Outlook: S&P 500 Correction Risk Has Spiked, Goldman Says
The stock market’s hot streak might soon come to an abrupt end, Goldman Sachs said. In a note…
Inflation Outlook: Why Economy Will See a Roller Coaster Ride for Prices
If you’re tired of seeing inflation in the headlines, you’re probably not going to get much relief soon.…
Despite CPI, economists agree higher prices are coming
David Solomon, CEO of Goldman Sachs, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos,…
As Trump berates Goldman, economists agree higher tariff inflation coming
People shop for pet supplies at a pet retail store in New York City, Aug. 12, 2025. Spencer…
What Is Stagflation and Is the US Heading For It?
AI-generated image. In the lexicon of economic afflictions, “stagflation” is one of the bad ones. The term (a…
Perfect storm to hit Obamacare: Millions of Americans could see insurance premiums surge 75% in 2026
A perfect storm of rising health care costs, expensive new drugs, and the scheduled end of enhanced federal…
Why is inflation worse in some areas than others?
Overall inflation held steady at 2.7% on an annual basis, according to the July consumer price index. Core…
Asian shares charge higher after US stocks rally to records
BANGKOK (AP) — Shares charged higher Wednesday in Asia after the U.S. stock market rallied to records when…