Breaking News: Economy
Chicago Fed president wants to see a ‘few months of data’ on inflation to gauge economy’s health
What does a donut tell us about the state of the economy? Chicago Federal Reserve President Austan Goolsbee thought about that Wednesday as he toured Mel-O-Cream Donuts in Springfield, Illinois. Even inside a donut shop, the effects of tariffs on the economy can be seen. “It’s sort of surprising, because donuts seem like a very […]
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Wholesale prices rose 0.9% in July, much more than expected
Wholesale prices rose far more than expected in July, providing a potential sign that inflation is still a threat to the U.S. economy, a Bureau of Labor Statistics report Thursday showed. The producer price index, which measures final demand goods and services prices, jumped 0.9% on the month, compared to the Dow Jones estimate for […]
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In one of the world’s most expensive cities, more workers are living paycheck to paycheck
Customers buying groceries at a supermarket in Singapore. Bloomberg | Bloomberg | Getty Images Singapore’s reputation for financial prudence and high savings is showing signs of strain. Rising costs and a growing prioritization for experiences and self-care are taking precedence over long-term financial planning, experts observed. “At the end of every month, when my salary […]
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Coffee and tea prices continue to ramp up due to tariffs, worrying retailers and importers
While last month’s consumer price index showed that food prices were effectively flat month over month, tariff-sensitive items like coffee beans, specialty teas and spices are showing signs of inflation, worrying small businesses selling those products. According to the Bureau of Labor Statistics, coffee prices surged 14.5% in July year over year. The average retail price […]
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Stocks making the biggest moves after hours: Cisco, Ibotta, Coherent and more
Check out the companies making headlines in after-hours trading. Cisco – The tech stock pulled back almost 3% after its fourth-quarter results barely beat expectations. Cisco posted adjusted earnings of 99 cents per share on revenue of $14.67 billion in revenue, while analysts surveyed by LSEG were looking for a profit of 98 cents per […]
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Trump shrugs off suspected Russian hack of U.S. federal courts: ‘Are you surprised?’
US President Donald Trump speaks during the unveiling of the Kennedy Center Honors nominees on August 13, 2025, at the Kennedy Center in Washington, DC. Mandel Ngan | Afp | Getty Images President Donald Trump on Wednesday shrugged off a question about a new report that Russia is at least partially responsible for hacking the […]
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‘Big beautiful bill’: These are the sectors investors are betting on and avoiding in a new fiscal era
The “One Big Beautiful Bill Act” has drawn mixed reactions from Wall Street, but for some investors, it represents a blueprint for a new phase of U.S. economic policy. The bill , which became law in July, is characterized by extensive tax reforms and selective incentives, is forecast to add to the federal deficit and […]
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Trump pick for BLS commissioner recently called for suspending monthly jobs report
E. J. Antoni, Ph.D., Former Economist, Texas Public Policy Foundation Courtesy: Texas Public Policy Foundation Heritage Foundation economist E. J. Antoni, who President Donald Trump picked Monday to lead the Bureau of Labor Statistics, recently floated the idea of the BLS suspending its traditional monthly jobs reports. Antoni, in an interview last week with Fox […]
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Quantum computing could be commercial real estate’s next big tailwind
Parts of the IBM Quantum System Two are displayed at IBM Thomas J. Watson Research Center on June 6, 2025 in Yorktown Heights, New York. Angela Weiss | Afp | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities […]
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Here’s the inflation breakdown for July 2025 — in one chart
Key Points The consumer price index rose 2.7% in July on an annual basis, according to the Bureau of Labor Statistics. “Core” goods prices are at their highest annual inflation rate in about two years, evidence that Trump administration tariff policy is feeding through to higher prices, economists said. Source
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