Wholesale prices rose 0.5% in April, more than expected
Wholesale prices jumped more than expected in April, putting up another potential roadblock to interest rate cuts anytime soon. The producer price index, a gauge of prices received at the…
U.S. probes Waymo, Zoox self-driving vehicles
Federal authorities are investigating robotaxi units of Alphabet and Amazon after reports of crashes or potential traffic violations involving the companies’ autonomous vehicles. The National Highway Traffic Safety Administration on…
Zendaya for $200? ‘Jeopardy!’ Plans to Stream a Pop Culture Spinoff
“Jeopardy!” has long been ruled primarily by broadcast TV. As a staid, reliable quiz show that had the same host for 36 years, viewers have grown to depend on it…
Will Biden’s Trade War With China Get Results?
Biden fires a new round at China President Biden announced on Tuesday a wave of new tariffs on billions of dollars in Chinese products, ramping up duties on industries like…
High Interest Rates Are Hitting Poorer Americans the Hardest
High interest rates haven’t crashed the financial system, set off a wave of bankruptcies or caused the recession that many economists feared. But for millions of low- and moderate-income families,…
Biden Will Raise Tariffs on Chinese Electric Vehicles, Chips and Other Goods
President Biden will announce on Tuesday that he is raising tariffs on an array of Chinese imports, including electric vehicles, solar cells, semiconductors and advanced batteries, in what he calls…
Xponential CEO suspended amid federal probes, allegedly threatened to decapitate franchisee: report
The nation’s largest fitness company “indefinitely” suspended its allegedly menacing CEO amid a growing number of federal investigations into possible fraud, according to multiple reports. Xponential Fitness – which has…
Stocks making the biggest moves midday: WBA, GME, INTC, HOOD
Check out the companies making headlines in midday trading: Walgreens Boots Alliance — The stock advanced 5.4% on news that Walgreens is looking for potential buyers for its $8.8 billion…
Inflation outlook rises, fueled by housing costs
Consumers in April raised their expectations for price increases both in the near and longer term, fueled by higher inflation in home prices along with fuel and energy, according to…
GameStop stock spikes after post from investor who led 2021 frenzy
GameStop’s share prices spiked Monday after the trader who spearheaded a 2021 frenzy that sent the video game retailer’s stocks soaring returned to social media for the first time in…