News
US wholesale prices rose by a surprisingly hot 3.4% last month, the most in a year
8+ hour, 36+ min ago (650+ words) By PAUL WISEMAN, Associated Press WASHINGTON" " U.S. wholesale prices came in hotter than expected in February, driven partly by a sharp increase in food costs. The Labor Department reported Wednesday that its producer price index " which measures inflation before it hits…...
Letters: Slowing inflation not enough; we need deflation
1+ day, 19+ hour ago (493+ words) Re: "Inflation slows in the Bay Area" (Page A1, March 12). Inflation is the general increase in prices for goods and services over time. The article boasts that the rate of inflation has slowed from 3% to 2.5%, but the prices (aka affordability) are…...
Key inflation gauge worsened in January, before Iran war lifted gas prices
6+ day, 6+ hour ago (337+ words) Prices rose 2.8% in January compared with a year earlier, the Commerce Department said Friday, slightly below December's increase in a report that was delayed by last fall's six-week government shutdown. The shutdown created a backlog of data that is nearly…...
Walters: Californians despair about high cost of living. This housing can help.
1+ week, 1+ day ago (620+ words) When the Public Policy Institute of California'released a new poll late last month, media coverage mainly focused on how the 11 candidates for governor were faring with voters. However, the poll tested several other issues, one being Californians" living costs. The…...
US stocks erase a big early loss and rise after oil prices whip from nearly $120 back below $90
1+ week, 3+ day ago (686+ words) The S&P 500 dropped as much as 1.5% in the morning before flipping to a gain of 0.8%. The Dow Jones Industrial Average clawed back a plunge of nearly 900 points to rise 239 points, or 0.5%, while the Nasdaq composite climbed 1.4%. That calmed worries…...
Trump’s ‘roaring’ economy meets a rough start to 2026: What the latest numbers show
1+ week, 4+ day ago (667+ words) In his State of the Union address less than two weeks ago, the Republican president confidently told the country: "The roaring economy is roaring like never before." The latest batch of data on jobs, pump prices and the stock market…...
The US lost a surprising 92,000 jobs last month as the unemployment rate ticked up to 4.4%
1+ week, 6+ day ago (663+ words) By PAUL WISEMAN and ANNE D'INNOCENZIO Hiring deteriorated from January, when companies, nonprofits and government agencies added a healthy 126,000 jobs, the Labor Department reported Friday. Economists had expected 60,000 new jobs in February. Revisions also cut 69,000 jobs from December and January…...
US economic growth weaker than thought in fourth quarter with government shutdown, consumer pullback
3+ week, 6+ day ago (712+ words) By CHRISTOPHER RUGABER and MATT OTT, Associated Press WASHINGTON " U.S. economic growth slowed in the final three months of last year, dragged down by the six-week shutdown of the federal government and a pullback in consumer spending. The nation's gross domestic…...
Jill On Money: Warsh named as Fed chair — Should you care?
1+ mon, 1+ week ago (386+ words) The months-long beauty contest is over: President Donald'Trump has named'Kevin Warsh to succeed Jerome Powell as Federal Reserve Chair. Before explaining why you should care, a quick rundown of Warsh's resume: " He served as Fed governor during the financial crisis…...
Should Congress bar big investors from buying single-family homes?
2+ mon, 4+ day ago (230+ words) President Donald Trump said recently on social media he would ask Congress to stop large investors and private equity firms from buying single-family homes. His plan did not have many details but echoed a common refrain across the U.S. that investors…...