September’s producer price index came in much hotter than economists forecasted on Thursday, underscoring the continued inflationary pressure from energy amid the U.S. war with Iran. The measure of underlying inflation pressures climbed 1.3% in September and 6.3% on an annual basis, according to the Bureau of Labor Statistics. That marked the largest monthly and…
Student loans have long been considered “good debt.” But soaring tuition costs, recent changes to the federal lending system and a volatile job market are forcing a generation to question that logic. Historically, funding a college education led to higher-paying jobs and greater economic opportunity. However, the math for many has shifted over time, making…
Automakers could see a financial tail wind that runs in the billions of dollars after the U.S. lowered fuel economy standards and stopped issuing fines for violations of those rules, according to an auto analyst. The National Highway Traffic Safety Administration in late September sharply reduced fuel economy targets for light-duty vehicles to an average…
Long-term bond yields above 5% and a $2 trillion deficit are giving Americans a taste of what a U.S. debt crisis would be like. A true emergency would hurt much more, and isn’t baked in. But with the midterms poised to lock in divided government for two years, it isn’t clear what will take the…
European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, on Feb. 1, 2023 Yves Herman | Reuters BEIJING — China intends to keep exporting rare earths to Europe regardless of whether a U.S. trade deal with Beijing gets extended past January. The world’s second-largest economy is willing to continue approving rare earth…
The U.K. economy grew by a better-than-expected 0.1% in the month to August, with production growth offsetting weak output in services and construction. Economists polled by Reuters had been expecting GDP to shrink by 0.1% between July and August. But the reading still marked a slowdown in momentum for British gross domestic product, which grew…
Merck CEO Rob Davis told CNBC on Wednesday that he expects the company’s breakthrough cancer vaccine with Moderna to get faster to manufacture over time. Shortening the current six-week timeline could potentially help the companies reach more patients. “We are going to drive for improvement, but right now the focus really is, let’s make sure we…
Bags of candy are displayed on a store’s shelves on April 21, 2026, in Miami, Florida. Joe Raedle | Getty Images U.S. consumers are in the midst of one of the longest stretches of elevated inflation of the past century. Some are beginning to act like it’s a new normal, raising alarm bells for members…
Netflix said on Wednesday it will lay off roughly 6% of its employees, or roughly 1,000 workers, according to a memo obtained by CNBC. The job cuts will largely impact the product, tech, legal and HR teams. “Our mission – to entertain the world – is ambitious, and delivering on it requires us to be…
A sign displays the prices of unleaded gasoline and diesel fuel as a driver refuels a vehicle with diesel fuel at a G&M gas station in Torrance, California, on Sept. 28, 2026. Caroline Brehman | Bloomberg | Getty Images The inflation rate increased in September on the back of higher gasoline and energy prices amid…