News
Report shows prices keep rising amidst layoffs concerns
1+ hour, 52+ min ago (98+ words) On Friday, the Wholesale Inflation Report shows consumers are paying more for goods than they did last month. On Friday, the Wholesale Inflation Report shows consumers are paying more for goods than they did last month. Scott Budman explains. The…...
Falling cocoa prices won't necessarily mean cheaper Valentine's Day chocolates
2+ week, 2+ hour ago (858+ words) Chocolate prices are way up ahead of this year's Valentine's Day. Scott Budman has the details. Cocoa prices have fallen nearly 70% since last Valentine's Day, but that won't make'heart-shaped boxes of chocolate'or even chocolate Easter bunnies more affordable this year....
AI largely to blame for layoffs at Amazon, Pinterest
4+ week, 2+ day ago (10+ words) AI largely to blame for layoffs at Amazon, Pinterest'nbcbayarea.com...
Wall Street sinks as Trump threatens 8 European countries with tariffs over Greenland
1+ mon, 1+ week ago (852+ words) Stocks slumped on Wall Street Tuesday after President Donald Trump threatened to hit eight European countries with new tariffs as tensions escalate over his attempts to assert American control over Greenland. The losses were widespread, with nearly every sector losing…...
Meta names former Trump adviser Dina Powell McCormick as president and vice chairman
1+ mon, 2+ week ago (239+ words) Facebook owner Meta has named Dina Powell McCormick, a former Trump administration adviser and longtime finance executive, as president and vice chairman of the tech giant. Powell McCormick previously served on Meta's board of directors " where, the company notes, she…...
Last year's odd economy and what to watch for in 2026
1+ mon, 3+ week ago (924+ words) There is growing concern about the strength of the United States economy as the jobless rate moves higher. Scott Budman reports. The economy in 2025 was filled with contradictions, as growth was healthy while hiring slowed, inflation stayed elevated and unemployment…...
Consumer confidence slides in December to lowest level since tariffs rolled out
2+ mon, 4+ day ago (261+ words) During a press Q&A on Monday, President Donald Trump said he'll pay Americans $2,000 dividends from tariff revenue, a proposal that administration officials said was not being formally sent to the Senate. Consumers were less confident in the economy in…...
Why homeownership in California no longer is a financial slam dunk
2+ mon, 1+ week ago (869+ words) It's the benchmark of success, a milestone of responsible adulthood, a time-tested way to amass wealth for you and your progeny. Homeownership, we're told again and again, is a status that every right-thinking person should aspire to " the white-picket-fence-fronted embodiment…...
Inflation falls to 2.7% as slower housing and food increases offset a surge in electricity
2+ mon, 1+ week ago (549+ words) The Consumer Price Index is one of the most widely used measures of inflation'here's what it actually tracks and who it represents. Inflation in November fell to 2.7%,the Bureau of Labor Statistics said Thursday, a positive sign for consumers on…...
U.S. gained 64,000 jobs in November but lost 105,000 in October; unemployment rate at 4.6%
2+ mon, 1+ week ago (887+ words) The United States gained a decent 64,000 jobs in November but lost 105,000 in October as federal workers departed after cutbacks by the Trump administration, the government said in delayed reports. The unemployment rate rose to 4.6% last month, highest since 2021. The November…...