Biden says inflation report shows progress in slowing down runaway prices
President Joe Biden on Wednesday touted the latest consumer inflation report as evidence that price jumps have started to slow.
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Wholesale prices jump nearly 10% in 2021, another sign of growing inflation
The producer price index was expected to rise 0.4% in December. Jobless claims were forecast to total 200,000.
China critic Sen. Tommy Tuberville once again bought Alibaba stock and options
Former Auburn University football coach Tommy Tuberville says his financial advisors bought stock in Alibaba, despite his criticism of China.
Databricks CEO dismisses cloud sell-off, says growth rates will determine valuations
Databricks, valued last year at $38 billion, is now focusing on industries such as retail, and its CEO isn't worried about a cloud sell-off in recent weeks.
Why Cuba's extraordinary Covid vaccine success could provide the best hope for low-income countries
Cuba remains the only country in Latin America and the Caribbean to have produced a homegrown shot for Covid.
Manhattan rents were the highest ever for December
The surge marks a dramatic turnaround from a year ago, when even the most bullish brokers predicted a years-long recovery.
Tesla co-founder says EV sales are about to take off, but questions whether production can keep up
JB Straubel says industry sales estimates predicting EVs will account for 12.7% of all U.S. auto sales by 2025 may be too low.
U.S. sanctions 8 people and entities following North Korean missile launches
The Biden administration sanctioned eight people and entities for their work in developing weapons of mass destruction and ballistic missile-related programs.
PC sales are back to 2012 levels, up 34% from their 2017 nadir
2021 shipments were up over 34% from the industry's low point in 2017 to 349 million units, according to preliminary data provided by IDC.
Fear of even higher mortgage rates may be heating up winter homebuying
Rates have started this year sharply higher, and that may have potential buyers rushing in more quickly, afraid that rates will go even higher.
Omicron disrupts transit, emergency services as workers call out sick: 'Most people are going to get Covid'
"It's hard to process what's actually happening right now, which is most people are going to get Covid," acting FDA Commissioner Janet Woodcock said.
Inflation rises 7% over the past year, highest since 1982
The consumer price index for December 2021 was expected to increase 7% from a year ago, according to economists surveyed by Dow Jones.
New Jersey reinstates public health emergency as omicron surge overwhelms hospitals
Gov. Phil Murphy said the state is seeing nearly 35,000 new Covid cases daily and in the past two weeks more than 10,000 residents have been hospitalized.
Elastic shares drop after co-founder of Banon steps down as CEO of software company
Elastic shares have fallen of late on weak earnings, and a broader sell-off of cloud names.
Omicron cases are less severe, hospital stays shorter than delta at large California health system
Omicron patients at Kaiser Permanente Southern California were 74% less likely to end up in ICUs and 91% less likely to die than delta patients, a study found.
10-year Treasury yield pulls back slightly to 1.73% after monster 2022 spike
The U.S. 10-year Treasury yield hovered around 1.73% on Wednesday after December's consumer price index came in at a hefty 7% annual increase.
WHO says omicron cases are 'off the charts' as global infections set new records
"The sheer volume of cases is putting a burden on health-care systems," said Maria Van Kerkhove, WHO's technical lead on Covid-19.
Rapidly rising food prices may give restaurants an edge—here's why
The cost of eating at home is getting more expensive at a faster pace than dining out.
Here’s what Jerome Powell’s second term as Fed chairman means for your money
At his confirmation hearing, Powell said he expects a series of interest rate hikes this year to control inflation.
Trump hangs up on NPR interviewer who pressed him over his false 2020 election claims
Trump ended the call as Inskeep started to ask a question about the deadly invasion of the Capitol last year by a mob of Trump's supporters.
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