Wholesale prices unexpectedly declined 0.3% in June on big drop in gasoline
As with consumer prices, the index benefited from easing energy costs, particularly as oil fell due to the brief pause in tensions between the U.S. and Iran.
Warren Buffett on the market today: 'It's tough to find values when everybody is preferring gambling'
The investor has been sharply critical of the stock market, one that he says is increasingly defined by speculative trading as opposed to long-term investing.
U.S. launches fresh wave of strikes on Iran, as analysts warn conflict risks becoming 'forever war'
Fighting in the Middle East has intensified in recent days, but could escalate further if Iran fails to cooperate, President Donald Trump said.
Morgan Stanley posts record quarterly revenue and profit as equities trading surges 69%
Like at peers Goldman Sachs and JPMorgan Chase, a massive beat in equities trading drove the quarter's outsized results.
IRS chief Frank Bisignano will lead Trump accounts expansion
The Treasury Department is putting a top official in charge of the new program as it enrolls millions of families.
Warren Buffett tells CNBC he initiated Berkshire Hathaway's investment in Alphabet
Warren Buffett said he was the driving force behind the conglomerate's recent big investment in Alphabet.
Treasury yields are flat as traders weigh encouraging inflation data vs. oil rebound
Treasury yields were edged higher as investors awaited the latest producer price inflation print for June.
Star analyst Dan Ives forms Yorkville Ives merchant bank after leaving Wedbush
The new firm, Yorkville Ives & Co., will combine investment banking, equity research, institutional trading and principal investing.
Mortgage rates rise to highest level in nearly a year, causing homebuyers to pause
Mortgage rates moved higher last week, causing buyers to pull back, but refinancing did see small gains.
Buffett says Trump's pick of Kevin Warsh for Fed chair was 'good choice'
Warren Buffett believes Fed Chair Kevin Warsh will do the best job he can.
Goldman Sachs' Ruemmler to face House questioning on Jeffrey Epstein
Kathryn Ruemmler said earlier this year she would leave Goldman Sachs at the end of June after fallout over her emails with Jeffrey Epstein.
Trump's attorney general nominee Todd Blanche faces Senate Judiciary questions
Todd Blanche previously served as a criminal defense lawyer for President Donald Trump.
Stripe, Advent make $53 billion takeover offer for PayPal, sending stock soaring
Stripe and Advent International have made a joint offer to acquire PayPal for $60.50 per share, in a deal that would valued at more than $53 billion.
Americans say they need $1.2 million to retire comfortably, survey finds — but many expect to fall short
Just 30% of workplace retirement plan investors think they'll reach $1 million before retiring, a new survey finds. Here's what's getting in their way.
Alibaba’s U.S.-listed shares rise 4% after Qwen AI set to be integrated in Apple Intelligence
The Cyberspace Administration of China on Wednesday included Apple's AI services on a list of approved providers.
Warren Buffett calls Bill Gates' actions with Epstein 'distasteful,' but people make mistakes
The Berkshire Hathaway chairman left out the Gates Foundation from his annual charitable stock gifts for the first time in 20 years.
We're buying more of Jim Cramer's favorite chip stock for the second time this week
We also added to our position on Monday.
ASML rises 3% after hiking sales forecast for second time this year on strong AI chip demand
ASML on Wednesday raised its guidance for a second time this year as its customers continue to ramp up their production capacity of AI chips.
Bipartisan group of senators propose Social Security reform process ahead of funding shortfall
Social Security's trust fund that helps pay retirement benefits may run out in about six years. A bipartisan group of senators is calling for earlier reform.
Warsh pledges Fed policy 'regime change' to rid inflation 'tax' on American people
Warsh pledged Tuesday to "get monetary policy right" and defeat the inflation that has bedeviled the central bank for the past five years.
The AI boom just found two new winners: Goldman Sachs and JPMorgan Chase
Goldman Sachs and JPMorgan showed that Wall Street is a major beneficiary of the AI boom, with record revenue driven by surging trading and investment banking.
Current and former employees sue Meta, alleging discrimination in using AI to conduct layoffs
The lawsuit filed by current and former Meta employees underscores rising concerns about AI's impact on jobs and people with disabilities in the workforce.
Lucid dismisses report that it is weighing filing for bankruptcy or going private after shares plunge
The report said Lucid was considering options that could include going private or filing for bankruptcy protection.
New York becomes first U.S. state to impose AI data center ban
New York became the first state to ban construction of 'hyperscale' AI data centers, for one year, after Gov. Kathy Hochul signed an executive order Tuesday.