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News
Wall Street week ahead: The market focuses on key inflation updates
2+ hour, 33+ min ago (248+ words) NEW YORK – Wall Street will get several important updates about inflation this week. On Thursday, the U.S. will release its August report for inflation at the wholesale level, called the Producer Price Index, or the PPI. It provides details on…...
2026 poised to be most expensive Labor Day at the pump on record, according to GasBuddy
3+ day, 23+ hour ago (183+ words) WSLS Those planning to hit the road for Labor Day could face the highest gas prices on record for the holiday, with projections showing the national average at $4.03 per gallon. That’s according to GasBuddy, a platform that helps drivers find…...
Warsh raises stakes for Fed's next meeting and other takeaways from Jackson Hole conference
6+ day, 20+ hour ago (947+ words) WASHINGTON – Federal Reserve Chair Kevin Warsh renewed his inflation-fighting credentials in a speech Frida y that opened the door to potential rate hikes in the coming months. In doing so, Warsh has put more pressure on the central bank to…...
US economy expanded at sluggish 1.5% pace in second quarter, on par with earlier estimate
1+ week, 2+ day ago (329+ words) WASHINGTON – The U.S. economy grew at a sluggish 1.5% pace from April through June. But consumer spending stayed strong. Growth in gross domestic product — the nation's output of a goods and services — decelerated from a 2.1% pace from January through March, the…...
Key inflation gauge remains elevated during Iran conflict and ongoing US trade fights
1+ week, 2+ day ago (481+ words) WASHINGTON – An inflation measure closely watched by the Federal Reserve was unchanged last month in the latest sign that many Americans are still struggling with higher costs. The Commerce Department's Wednesday report showed that prices rose 3.7% in July compared with…...
'Many' Fed officials think higher rates will be needed if inflation stays high
2+ week, 2+ day ago (430+ words) WASHINGTON – Many Federal Reserve officials think the central bank will have to lift its key short-term interest rate in the coming months if inflation doesn't subside, minutes of the Fed's meeting last month showed. The minutes of the July 28-29 meeting,…...
Retail sales unexpectedly fall in July as government tax refunds fade
3+ week, 1+ day ago (561+ words) NEW YORK – Americans unexpectedly cut their spending in July as a boost from government tax refunds faded. Retail sales slipped 0.6% last month, the biggest drop since May 2025, from a revised gain of 0.2% in June, according to Commerce Department data released…...
Wholesale price inflation slows last month as gas, food costs fall
3+ week, 1+ day ago (333+ words) WASHINGTON – Wholesale inflation dropped last month as gas prices reversed some of their Iran war spike and other costs also cooled, a sign that consumer inflation could grind lower in the months ahead. The Labor Department’s producer price index — which…...
US economy grows at a sluggish 1.5% in second-quarter with inflation remaining stubbornly high
1+ mon, 5+ day ago (89+ words) WSLS Ancient mummy DNA provides scientific evidence that colonization brought smallpox to the Americas Microsoft leads a rally on Wall Street, while worries about inflation remain in the bond market The Trump administration is ending a Medicare drug subsidy program....
Between prices and a diarrhea-causing parasite, lettuce is causing hard times at some restaurants
1+ mon, 6+ day ago (604+ words) It’s been a choppy year for restaurants that lean into lettuce. Lettuce prices rose sharply in the first half of 2026 due to hot weather in Arizona, where about one-third of America’s lettuce is grown. Now, restaurants are dealing with the…...