A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. Kevin Lamarque | Reuters Government debt has eclipsed $40 trillion, passing yet another staggering benchmark for red ink, according to the Treasury Department. The total U.S. IOU hit $40.05 trillion as of Monday,…
People walk in front of a billboard honouring a participant in Russia’s military action in Ukraine and reading “Pride of Russia!” and a Neftmagistral gas station pylon which shows that there is no gasoline at the station in Moscow on July 10, 2026. Igor Ivanko | Afp | Getty Images Russian government officials told CNBC…
Wholesale costs for goods and services were flat in July, the Bureau of Labor Statistics reported Thursday in the latest positive sign for inflation. The producer price index, a measure of underlying inflation pressures, was unchanged for the month, below the 0.2% Dow Jones consensus estimate and after falling 0.1% in June. The June figure…
England fans react during the England V Croatia in the 2026 FIFA World Cup match at Croydon Boxpark on June 17, 2026 in London, England. Alishia Abodunde | Getty Images News | Getty Images The U.K. economy is showing further signs of a long-awaited rebound, but the picture is complicated by the fallout from the…
A produce worker stocks shelves near romaine lettuce (top shelf, right) at a supermarket in Washington, DC on November 20, 2018. Andrew Caballero-Reynolds | AFP | Getty Images Lettuce prices cratered in July as the multistate cyclospora outbreak pushed diners to shun the leafy green. Prices for the vegetable tumbled 16.4% from June, the largest…
Pedestrians walk past the north entrance to the U.S. Treasury Department headquarters building on April 30, 2025, in Washington, DC. J. David Ake | Getty Images The U.S. budget deficit soared to its highest monthly level in more than five years amid a surge in Medicare costs and as interest on the federal debt continued…
East Northport, N.Y.: Customers shop the produce section at the Farmer’s Market in East Northport, New York on Aug. 4, 2026. Steve Pfost | Newsday | Getty Images Readings for July on the prices consumers pay for goods and services came in pretty much on target Wednesday, driving traders to lower odds for a September…
A shopper browses fresh fruit at a grocery store in Wilmington, North Carolina, US, on Saturday, Aug. 8, 2026. Allison Joyce | Bloomberg | Getty Images A key inflation reading Wednesday showed prices moderating across a range of goods and services, possibly taking the urgency out of an imminent interest rate hike. The consumer price…
An important inflation report Wednesday could give the Federal Reserve a little breathing room in its battle against inflation. The consumer price index, due at 8:30 a.m. ET from the Bureau of Labor Statistics, is expected to show only a modest increase for July — 0.1% on the all-items headline number and 0.2% for the…
Job seekers speak with employer representatives and browse information tables as they attend an Inspire Together job and resource fair in Los Angeles, California on July 29, 2026. Patrick T. Fallon | Afp | Getty Images Nonfarm payrolls in the U.S. unexpectedly declined in July, but so did the unemployment rate, leaving investors with mixed…